Plastic Film and Sheets Market to Reach 50.8 Million Tons by 2010, According to New Report by Global Industry Analysts, Inc.
Global Plastic Film and Sheets market is characterized by relative maturity, particularly in the developed countries of the world. However, untapped markets in Asia-Pacific and Latin America, with a huge population base, are expected to foster the demand for plastic films and sheets across various end-use applications. By the year 2010, Plastic Film and Sheets market is projected to expand to 50.8 million tons.
San Jose, California (PRWEB) April 28, 2008 -- Globalization and changing food consumption trends are major factors driving growth in the global plastic films and sheets market. Plastic film, used for packaging of both food and non-food products apart from various other plastic products, is the largest sub-sector of the plastics processing industry.
A majority of global plastic film & sheets market is characterized by high volume and low-margin sales. Profitability of the companies operating in this market largely depends on fluctuations on margins. Europe, Asia-Pacific and the United States together account for more than 78% share of value sales in the global Plastic Film and Sheets, as stated by Global Industry Analysts, Inc. In volume terms, Asia-Pacific represents the largest market in the global plastic film and sheets market, with estimated sales of 15.8 million tons for 2008. Driven by enormous potential in China and India, Asia-Pacific is also projected to be the fastest growing regional market over the 2000-2010 period.
Worldwide share of polyethylene films market is expected to decline, primarily due to the increasing penetration of polypropylene into application areas of polyethylene. Within polyethylene segment, LDPE is losing share to its advanced form, linear low-density polyethylene (LLDPE). Segments such as Oriented Polypropylene (OPP) film & sheets and nylon film & sheets are benefiting from new developments in metallized sectors.
Engineering or high-performance films offer superior tensile and impact strength, heat resistance, weatherability, barrier properties, electrical rating, and better bonding and lamination. The high performance films market in Japan is expected to attain a market volume of 366 thousand tons by 2010. Germany represents the single largest market for plastic film and sheets in Europe, both in volume and value terms. European market for polypropylene has grown consistently, backed by strong export demand. Biaxially oriented polypropylene film market in the region is estimated at 1 million tons for 2008.
The report titled "Plastic Film and Sheets: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the market over the period 2000-2015. The market is analyzed across four major product segments - Polyethylene Films, Polypropylene Films, PVC Films, and High Performance Films.
Major players profiled in the report include AEP Industries Inc, British Polythene Industries, Covalence Plastic, DuPont Teijin Films, ExxonMobil Chemicals, GE Structured Products, Innovia Films, Polyplex Corporation Ltd, Quinn Plastics, SABIC Innovative Plastics, Sealed Air Corporation, Sumitomo Bakelite Company Limited, and Toray Plastics. The report offers a review of the recent strategic corporate activity and product developments/launches of major market participants across various product categories.
For more details of this research report please visit http://www.strategyr.com/Plastic_Film_and_Sheets_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site www.StrategyR.com
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