Technology Advancements Spur Demand for Plastic Films, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Plastic Films markets. Global market for Plastic Films is projected to reach 73 million tons by 2018, driven by technology developments, and expanding application areas.

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Plastic Films: A Global Strategic Business Report

San Jose, California (PRWEB) July 01, 2013

Follow us on LinkedIn – Plastic films, used for packaging of both food and non-food products apart from various other plastic products, is the largest sub-sector of the plastic processing industry. The industry over the years has been witnessing a clear rise in inter-plastic competition, particularly among high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE) categories. Oriented Polypropylene (OPP) films and nylon films are benefiting from new developments in both the clear and metallized sectors.

A number of attributes such as lower density, transparency, microwave heating, squeezability, crush, tear, and drop resistant, recyclability, along with ease of use are intensifying the adoption of plastic films in a number of end use sectors. Rising environmental awareness and emphasis on a greener environment is paving the way for bio-degradable plastic films such as Polyvinyl Alcohol Films which are fast emerging as a preferred choice for plastic film manufacturers. Retort pouches are also witnessing strong demand in the plastic films market, fast substituting the ubiquitous metal and glass containers. This has stimulated demand for BOPA films, which are used extensively in the manufacture of retort pouches given their outstanding barrier properties.

The plastic films market is influenced by prevailing economic conditions, health of credit markets, and consumer spending. In 2009, the global market witnessed a dip in revenues due to the global economic downturn, but recovered in the years 2010 and 2011. While demand continued to improve in 2011, the expected restoration of normalcy in the economic environment was disrupted by the escalation in the Eurozone debt crisis in early 2012. The year 2012 was marked by a volatile business environment, fluctuations in raw material prices and soft demand conditions in several end-use sectors.

As stated by the new market research report on Plastic Films, Asia Pacific represents the largest market worldwide. The region is also forecast to emerge as the fastest growing market with a projected CAGR of 7.0% over the analysis period. Latin American and Middle Eastern regions are also expected to register impressive growth driven by rapid capacity expansions.

Major players covered in the report include AmTopp, Berry Plastics Corporation, DuPont Teijin Films, ExxonMobil Chemicals, Innovia Films Limited, LyondellBasell Industries NV, PolyOne Corporation, Rheinische Kunststoffwerke AG, Sealed Air Corporation, Taghleef Industries Inc., and Trioplast Industrier AB.

The research report titled “Plastic Films: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the United States, Europe (France, Germany, Italy, UK, and Rest of Europe), Canada, Japan, Asia-Pacific, Latin America and Rest of World. Product segments analyzed include Polyethylene Films, Polypropylene Films, PVC Films and High Performance Films.

For more details about this comprehensive market research report, please visit: http://www.strategyr.com/Plastic_Films_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
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