Plastic Films Market Estimated to Grow 70.9 Million MT by 2018 – Report by MarketsandMarkets
(PRWEB) July 23, 2014 -- The report, "Plastic Films & Plastic Sheets Market by Application (Flexible & Non-Flexible Packaging, & Non-Packaging) & Type (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, PVC, Polyamide, EVOH, PLA, PVDC, PVOH, Polycarbonate & Others) - Global Trends & Forecasts to 2018," defines and segments the global market to analyze the forecasting trends in terms of global revenue and consumption. It expects the consumption in the market to grow to 70.9 million MT by 2018, with a CAGR of 3.4%.
Browse 84 market data tables and 56 figures spread through 267 pages and in-depth TOC on “Plastic Films Market:"
http://www.marketsandmarkets.com/Market-Reports/plastic-films-plastic-sheets-market-1318.html
According to the report, 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 plastic films and sheets. Plastic films and sheets have been commercialized and used in packaging of food products, pharmaceutical and medical products, consumer products, and industrial products. These products are also used in non-packaging purposes in agriculture, construction, health care and others.
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As per the report, food industry is the largest consumer of plastic films and sheets, which is followed by pharmaceutical and medical packaging. However, pharmaceutical and medical packaging applications are expected to offer the highest growth during the next five years. The report also expects increase in the demand for plastic films and sheets due to the increased uses in the agriculture industry.
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The global plastic films and sheets market is very fragmented. The regions such as North America and Europe have hit maturity. However, according to the report, the Asia-Pacific market is showing a huge growth potential. The rising disposable income of the middle-classes in India and China is expected to drive the plastic films and sheets market in these regions in the coming decade.
The top companies in the plastic films and sheets 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.). The report suggests that the plastic films and sheets industry is going through consolidation activities. It also suggests that inorganic expansion was the preferred growth strategy adopted by the leading players.
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The report identifies various sources of plastic films and sheets production, along with their respective shares in the global market. Polyethylene is identified as the key material for flexible plastic films and sheets production. However, biaxially oriented polypropylene (BOPP) is gaining popularity as the preferred raw material.
Materials such as EVOH, PLA, PVDC, PHOV, and Polyamide are used for manufacturing the specialty films. In matured markets such as North America and Europe, the demand for specialty plastic films is growing at a faster rate than the conventional resin-based films. The report also focuses on market share analysis and market metrics such as drivers, restraints, opportunities, and winning imperatives.
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