The global plastic films & sheets market is
expected to reach USD 157.5 billion by 2025, according to a new report by Grand
View Research, Inc. Rise in the global consumption of sustainable textiles has
been a major factor driving market growth. Growing demand from application
industries and rising prominence of eco-friendly and water soluble films have
increased the utilization of plastic films and sheets in the global market.
Plastic film and sheets have attained
significant popularity in applications across various industries. Active
lifestyle, demographic changes and rising sustainability trend has been
spurring innovation & development of plastics, thus, providing marketing
opportunities in key sectors including consumer goods and food & beverages.
Robust manufacturing base in the global market coupled with growing demand in
emerging economies of Asia Pacific and Central & South America is likely to
augment the demand in the global market over the forecast period.
LDPE/LLDPE was the largest product segment
in 2016 and is expected to witness a lucrative growth rate over the forecast
period. HDPE films and sheets segment is also anticipated to observe lucrative
growth rate by 2025. Unique properties of HDPE sheet include abrasion
resistance, good electrical properties, low friction coefficient, chemical
& corrosion resistance, moisture & odor resistance, and high impact
strength. HDPE is widely utilized in food packaging industry and is FDA
approved, borated HDPE is used on nuclear facility applications as it offers
strong radiation protection.
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http://www.grandviewresearch.com/industry-analysis/plastic-films-and-sheets-market
http://www.grandviewresearch.com/industry-analysis/plastic-films-and-sheets-market
Further key findings from the report suggest:
· The global demand for plastic films &
sheets was 46,343.9 kilotons in 2016 and is estimated to ascend at a CAGR of
4.0% from 2017 to 2025. Asia Pacific dominated the global market in 2016,
followed by Europe. Emerging economies in the Asia Pacific region including
India, and China, have been experiencing strong economic growth in various
application industries, resulting into augmented demand towards plastic films
& sheets market.
· LDPE/LLDPE emerged as the largest product
segment in 2016. Their common applications include food packaging, textile
packaging, and other special applications in tents and outdoor equipment.
· Asia Pacific plastic films & sheets
market is anticipated to witness promising growth over the next nine years
owing to several technological developments, especially in the food &
beverage and pharmaceutical industry. In terms of revenue, the regional market
is expected to progress at a CAGR of 6.7% from 2017 to 2025.
· Key participants include Toray Industries,
Inc., British Polythene Industries Plc, Toyobo Co. Ltd., Berry Global, Inc.,
Saudi Basic Industries Corporation, Plastic Film Corporation of America, Sealed
Air Corporation, DowDuPont, Novolex, Bemis Company, Inc., and Uflex Ltd. In May
2017, Saudi Basic Industries Corporation participated in Chinaplast 2017 in
order to showcase it's efficient and innovative plastic packaging solutions
across several application segments. The designs presented were lightweight and
could help the end users in safeguarding the environment
Grand View Research has segmented the
global plastic film and sheets market on the basis of product, application, and
region:
Product Outlook (Volume, Kilotons; Revenue,
USD Million; 2014 - 2025)
·
LDPE/LLDPE
·
PVC
·
PA
·
BOPP
·
HDPE
·
CPP
·
Others
Application Outlook (Volume, Kilotons;
Revenue, USD Million; 2014 - 2025)
·
Packaging
·
Non-Packaging
Regional Outlook (Volume, Kilotons; Revenue, USD Million;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
