Plastic Films Market Size & Trends 2018 | Technology, Applications, Growth and Region Forecast 2023

Plastic Films Market Information- by Technology (Biodegradable Films, Nanocomposites, Barrier Polymer Films, and Water-Soluble Films), by Type (LLDPE, LDPE, HDPE, Polypropylene Films, PET Films, PVC Films), by End User Industry (Packaging, Consumer Goods, Construction, Pharmaceutical, Electrical) and by Region - Forecast till 2023

Pune, India - July 12, 2018 /MarketersMedia/ —

Market Overview

Market Research Future (MRFR) forecasts that the Global Plastic Films Market is projected to experience a notable growth of USD 146,813.87 MN at a CAGR of 5.4% during forecast period (2016-2023). Growing demand for hygienic flexible packaging materials from food industry is driving the market growth across the globe.
Moreover, the increased usage of the eco-friendly bioplastic films coupled with growing usage of plastic films in agriculture paves the way for Plastic Films Market in emerging economies. Apart from this, it’s been observed that a significant number of consumers are leading time-constrained lifestyles, plus there has been a rise in the number of single person households, increasing working mothers and a growing out-of-hours working culture, which has led to considerable demand for conveniently packaged time-saving products and packaged for on-the-move consumption. Other drivers include increased public awareness about environmental hazards due to disposal and recycling of plastic packaging wastes and also government initiatives to minimize greenhouse gas emissions has led to Plastic Films Market growth all over the globe.

However, easy availability of substitutes such as glass and metal could potentially act as a deterrent to the growth in the market. But despite the potential threats posed, maximum growth in demand is anticipated resulting from pre-fillable syringes and inhalers, vials, medication tubes, labels, and accessories, which will propel the market growth in the coming years. Worth noting are some trends in the plastic films market such as lightweighing. Lightweighting is a trend which involves reducing thickness of the plastic film used instead of reducing the overall size of the package. Furthermore, manufacturers have capitalized on this trend by developing portable and re-sealable plastic packaging for snacking or specific consumption occasions.

Market Segmentation

The Global Plastic Films Market can be segmented on the basis of Technology, Type, and end-Users.

By Technology, the market is segmented by biodegradable films, nanocomposites, barrier polymer films, and water-soluble films. Biodegradable films do not contain chemicals, hence are incredibly convenient in food industries. They are less harmful to the environment, conserve energy and are renewable, which makes them appealing for manufacturers to use for their products. On the other hand, a majority of consumer products that use nanocomposite packaging are in the beverage industry.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/3002

The types of Plastic Films are linear low-density polyethylene film (LLDPE), low-density polyethylene film (LDPE), high-density polyethylene (HDPE), polypropylene films, polyethylene terephthalate (PET) films, polyvinyl chloride (PVC) films, and others (polystyrene, polyamide, polyvinyl butyral, polyester). LLDPE films are used in applications such as pipes and conduits, sheets, wires and cables, rotomolding, injection molding, and films. The global linear low-density polyethylene (LLDPE) market is growing steadily to increasing applications in household products, packaging, automotive, and agriculture segments.

Lastly, the End-Users of Plastic Films are packaging, consumer goods, construction, pharmaceutical, electrical, and others (agriculture, household). Massive demand in packaging industry is likely to drive the plastic films market growth. The packaging industry makes extensive use of plastic films due to their easier availability and low prices. Also, plastic films used in pharmaceutical industry increase the shelf life of medicines and drugs and protect them from external environment for a long time.

Regional Analysis

The regions covered by Global Plastic Films Market are North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and the Rest of the World (RoW).

The Asia-Pacific market is the fastest growing region due to growing industry such as packaging, consumer goods, and electrical. The massive flexible packaging industry in the developing economies such as China and India leads to the proliferation of the Plastic Films Market in this region. Also, increasing population and improving standards of living in countries like India, China, Taiwan, and South Korea, have spurred the demand for Plastic Films. The increasing purchasing power of consumers, heavy demand for medical goods, and the vast agricultural production fuels the plastic films market in this region.

North America is the second fastest growing market globally. An increase in time constraints on consumers has led to the rise in demand for Plastic Films packaged items in North America. Also, growth of large retail chains in this region is giving way to Plastic Films Market in a big way. Lifestyle changes and rising disposable incomes also attribute to the market growth in this region. The well-established manufacturing base in North America contributes significantly to the market growth in the area.

The Europe Plastic Films Market has exhibited steady growth owing to rise in the consumption of sustainable textiles, growing demand from application industries and prevalence of eco-friendly plastic films. Government initiatives to increase the use of recycled plastics propels the manufacturers to produce biodegradable films in this region. Increasing use of energy-efficient technologies by Plastic Films manufacturers and growing demand from packaging industry for sustainable and biodegradable plastic films are likely to create new opportunities for players in the Global Plastic Films Market in Europe.

The Middle East and Africa regions are witnessing moderate growth due to growing population, increasing urbanization, rising consumers and demand for diverse products. While majority of products are imported from other regions, there is now massive investment taking place in plastics processing operations driving the market growth in these regions.

Browse Report Details @ https://www.marketresearchfuture.com/reports/plastic-films-market-3002

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Savant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/plastic-films-market-size-trends-2018-technology-applications-growth-and-region-forecast-2023/376643

For more information, please visit https://www.marketresearchfuture.com/reports/plastic-films-market-3002

Source: MarketersMedia

Release ID: 376643

More News From culture.aseancoverage.com

China says camps for Muslims lead them to 'modern' life

Oct 16, 2018

BEIJING — China on Tuesday characterized its mass internment of Muslims as a push to bring into the "modern, civilized" world a destitute people who are easily led astray — a depiction that analysts said bore troubling colonial overtones. The report is the ruling Communist Party's latest effort to defend its extrajudicial detention of Central Asian Muslim minorities against mounting criticism. China's resistance to Western pressure over the camps highlights its growing confidence under President Xi Jinping, who has offered Beijing's authoritarian system as a model for other countries. A U.N. panel and a human rights group have estimated that...

Marc Leishman wins CIMB Classic in Malaysia

Oct 16, 2018

KUALA LUMPUR, Malaysia — Marc Leishman won the CIMB Classic by five strokes Sunday, closing with a 7-under 65 to match Justin Thomas' 2015 tournament record of 26-under 262. Leishman won for the fourth time on the PGA Tour. The Australian had four straight birdies on Nos. 2-5 and finished with eight birdies and a bogey on TPC Kuala Lumpur's West Course. Bronson Burgoon had a 68 to tie for second with Emiliano Grillo (66) and Chesson Hadley (66). Thomas closed with a 64 to tie for fifth with Gary Woodland (71), Abraham Ancer (65), Charles Howell (67) and Louis...

Abe renews pledge to change Japan's charter to boost troops

Oct 16, 2018

ASAKA, Japan — Japanese Prime Minister Shinzo Abe renewed his pledge Sunday to push for a revision to the country's war-renouncing constitution, in which he wants the military explicitly mentioned. Speaking before a field of about 4,000 troops, Abe said that a revision is needed to give his troops sense of pride. "You have gained public trust with your own hands," Abe, wearing a tuxedo, told the troops in his address. "Now it's time to fulfill our responsibility as politicians to accommodate an environment where all Self-Defense Force can accomplish their duties with sense of pride." About 260 tanks and...

Coric upsets Federer, facing Djokovic in Shanghai final

Oct 16, 2018

SHANGHAI — Borna Coric upset defending champion Roger Federer to face Novak Djokovic in the Shanghai Masters final on Sunday. Coric earned passage to the final by taking down the top-seeded Federer 6-4, 6-4 in the semifinals on Saturday. "It was one of the best matches of my life," Coric said. Coric said neck pain almost caused him to skip playing in Shanghai. "Today, really, I just came on the court with absolutely no pressure. I basically didn't care, and that's why I played so good." The Croatian gave himself a third career shot at Djokovic. In their previous meetings,...

The Latest: IMF's Lagarde planning to attend Saudi meeting

Oct 16, 2018

NUSA DUA, Indonesia — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local): 3:55 p.m. The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in Saudi Arabia later this month despite concerns over the disappearance of journalist and U.S. resident Jamal Khashoggi. Khashoggi disappeared after he entered a Saudi consulate in Istanbul, Turkey, more than a week ago. The Washington Post cited anonymous sources as saying Turkey's government told U.S. officials that it has audio and video proof...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com