Plastic Films Market
Plastic film is a thin continuous form of polymer material and is a popular choice of packaging material. Plastic films are commonly used in various industries such as packaging and construction industries. Moreover, plastic films can be easily reused and recycled and find a range of applications, which includes plastic bags, photographic films, videotapes, landscaping and labels.
Market Dynamics
The global plastic films market has witnessed significant growth in the recent past year, owing to the growing use of plastic films in various applications such as packaging, industrial and decorative. Based on applications, the global plastic films market is bifurcated in packaging, industrial, and decorative. The packaging segment is further divided into food container, blister packs and electric and electronic purposes and others. Among these segments, the packaging application has dominated the global plastic films market in 2022, owing to the increasing demand for plastic films in barrier packaging. Moreover, the plastic films used in barrier packaging as it protects the product from moisture, light, oil and flavor. This factor is estimated to foster market growth during the forecast period.
Furthermore, based on product type, the global plastic films market is segmented into polyethylene terephthalate (PET), Polyvinyl chloride (PVC), polyvinyl chloride (PVC), Polypropylene (PP), Polyethylene(PE), and Others (PS, PA, EVA, and others.). Among these segments, the polyethylene terephthalate (PET) type is expected to foster market growth during the forecast period, owing to the increasing demand for PET type of plastic films in food packaging.
Furthermore, the Europe dominated the global plastic films market in 2022, owing to the increasing use of plastic films packaging in growing food & drink sector packaging sector in the region. For instance, according to the report released by Food Drink Europe, the European food & drink manufacturing industry generates the turnover of US$ 258.13 billion in 2022. As a result, this growth in food and beverages industry is estimated to foster the growth of food and beverages packaging, which in turn is expected to drive growth of the global plastic films market during the forecast timeframe.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
Detailed Segmentation:
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