The global Plastic Films And Sheets Market size was valued at USD 196.23 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2030. Increasing demand for plastic films from the agricultural sector is a key driver for the industry. In the agricultural sector plastic sheets are mostly used in the construction of greenhouses, low tunnel covers, mulching, and walk-in tunnels. HDPE sheets are also witnessing extensive application in the agricultural sector. These films are equipped with multiple rows containing several holes, which assists in better growth and development of plants. They are lightweight, highly durable, weather-, corrosion-, & binding-resistant, and waterproof.
In
the food and beverage industry, the demand for processed food is further
boosting the usage of plastic films & sheets in packaging applications. The
rapid growth of the food & beverage industry in countries, such as China,
India, Indonesia, and Malaysia, is anticipated to boost the product demand over
the projected period. Changing food habits and increasing preference for
processed foods are likely to supplement the product demand. Moreover, market
players are also engaged in manufacturing various types of plastics as per the
user requirements and perishability of food. Eco-friendly plastics are gaining
popularity across several application industries. Cellulose diacetate, Poly
Lactic Acid (PLA), and RPET are the major types of eco-friendly plastics.
Cellulose
diacetate comprises a cellulose base, which is an organic compound. It contains
90% of cotton and the remaining 40% of wood. It is considered safe for food
packaging applications and possesses a high moisture transition rate, which
allows products to remain fresh for longer. Stringent regulations on the use of
plastic films and sheets have been imposed in several countries, which is going
to hamper the market growth over the forecast period. Numerous economies,
including Bangladesh, Cambodia, Hong Kong, India, Indonesia, Malaysia, and
Taiwan, have imposed additional taxes on the utilization of plastic films in
packaging. In the U.S., several governmental, as well as non-governmental
organizations, are also involved in discouraging the usage of plastic sheets
and films in packaging organic produce.
List
of Key Players in Plastic Films And Sheets Market
- Toray
Industries, Inc.
- British
Polythene Ltd.
- Toyobo Co.,
Ltd.
- Berry Global,
Inc.
- SABIC
- Plastic Film
Corporation of America
- Sealed Air
- Dow
- DuPont de
Nemours, Inc.
- Novolex
- Amcor plc
- UFlex Ltd.
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report summary: Plastic Films And Sheets Market Report
Plastic
Films And Sheets Market Report Highlights
- The
LDPE/LLDPE led the product segment in 2022 and accounted for the largest
share of more than 40.00% of the global revenue.
- This is due
to the use of LDPE/LLDPE in common applications in food packaging, textile
packaging, and other special applications in tents and outdoor equipment
- Asia Pacific
was the largest regional market in 2022 and is estimated to expand further
at the fastest CAGR over the forecast period
- Packaging was
the largest application segment in 2022 and accounted for the highest
share of more than 83.0% of the global revenue. Plastic films and sheets
have attained significant popularity in packaging applications across
various industries like food, medical, and consumer goods industries
- Most industry
players, such as SABIC and British Polythene Industries PLC, are
integrated across the value chain, due to which entry for new players is
likely to be slightly difficult as the market grows
Plastic
Films And Sheets Market Segmentation
Grand
View Research has segmented the global plastic films and sheets market report
based on product, application, and region:
Plastic
Films And Sheets Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2018
- 2030)
- LDPE/LLDPE
- PVC
- PA
- BOPP
- HDPE
- CPP
- Others
Plastic
Films And Sheets Application Outlook (Volume, Kilotons; Revenue, USD Billion,
2018 - 2030)
- Packaging
- Food
- Consumer
Goods
- Medical
- Others
- Non-packaging
- Construction
- Healthcare
- Agriculture
- Others
Plastic
Films And Sheets Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018
- 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- Japan
- India
- Central &
South America
- Brazil
- Middle East
& Africa
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