Packaging Film Market is Projected to Reach 63.8 Million MT by 2018 – Report by MarketsandMarkets

The Packaging Film Market is expected to grow at a CAGR of 5.8% from 2013 to 2018. Asia-Pacific is the major segment in packaging film market with around 35% of the market share in 2012 whereas North America & Europe held market shares of 25.3% and 24.1% respectively. http://www.marketsandmarkets.com/Market-Reports/packaging-film-market-1283.html

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Key Players in the market: AEP Industries Inc, Charter Nex Films Inc, Exopack Holding Corporation, Hilex Poly Co LlC, Amcor Limited, Berry Plastics Corporation, Graphic Packaging Holding Corporation.

(PRWEB) June 07, 2014

The report "Packaging Film Market - By Application (Food, Medical & Pharmaceutical, Consumer Product, Industrial, & Others) & Type (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, PVC, Polyamide, EVOH, Cellulose, PLA PVDC, PVOH & Others) - Global Trends & Forecast to 2018", defines and segments the global packaging film market with analysis and forecasting of the global revenue and consumption. The Packaging film market consumption will grow from an estimated 51.2 million MT in 2013 to 63.79 million MT by 2018, with a CAGR of 4.5% from 2013 to 2018.

Browse 80 market data tables and 49 figures spread through 221 pages and in-depth TOC on "Packaging Film Market".

http://www.marketsandmarkets.com/Market-Reports/packaging-film-market-1283.html

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The increasing demand for packaged food and pharmaceutical products in growing economies such as China, India, Turkey, Poland, Brazil, and Mexico is driving the global market for packaging film. Packaging film has been commercialized and used in packaging of food products, pharmaceutical and medical products, consumer products, industrial products, and others. Food packaging is the largest consumer of packaging film followed by pharmaceutical and medical packaging. However, pharmaceutical and medical packaging applications are expected to offer the highest growth during the next five years.

Speciality films such as EVOH, PLA, PVDC, and Polyamide are increasingly used in a number of applications and expected to generate new revenue pockets. Better barrier properties, mechanical strength, and chemical resistance of such films are making it popular in a number of packaging applications. Moreover, biodegradable and re-usable specialty films are presently preferred over conventional resin-based films in food and pharmaceutical packaging, especially in North America and Europe. The rising environmental concerns and new stricter regulations in North America and Europe against usage of non-biodegradable petroplastics are driving the growth for specialty films.

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The global Packaging Film market is fragmented and regions such as North America and Europe are in matured stage. However, Asia-Pacific market shows huge potential to grow in this market. The rising disposable income of the middle-class in India and China is expected to drive the packaging film market in the coming decade. The top companies in the Packaging Film business include AEP Industries (U.S.), Amcor Ltd. (Australia), Bemis Company (U.S.), DuPont Teijin Films (U.S.), Jindal Poly Films (India), and Sealed Air Corporation (U.S.). Packaging film industry is going through consolidation activities and inorganic expansion was the preferred growth strategy adopted by the leading players.

The report identifies various sources of Packaging Film production along with their respective market shares. Polyethylene is identified as the key material for packaging film production. However, biaxially oriented polypropylene (BOPP) is gaining popularity as raw material. Materials such as, EVOH, PLA, PVDC, PHOV, and Polyamide are used to manufacture specialty films. In matured markets such as North America and Europe, specialty films demand is growing at a faster rate than conventional resin-based films. It also focuses on market share analysis, and market metrics such as drivers, restraints, opportunities, and winning imperatives.

Barrier films are slowly becoming the preferred material for a number of packaging applications such as meat and poultry products packaging. The worldwide expansion in packaging industry requires high barrier packaging products for a number of applications. This in turn is expected to generate new revenue pockets for specialty films. In the matured markets such as North America and Europe, the demand for specialty films is increasing at a faster rate than the other polymer films. In North America, water-soluble and biodegradable films are expected to grow at a rapid rate as a number of stricter environmental regulations are passed in this region against the use of conventional petrochemical-based polymers.

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