Global plastic films market is expected to reach USD 234.63 billion by 2033, at a CAGR of 5.7% from 2024 to 2033. The rising adoption of plastic films in the food and beverage industry is the primary factor for market growth and development for plastic films in the present scenario. Plastic films have experienced an increased demand lately, particularly due to the agricultural sector's reliance on them. Greenhouses, as do low tunnel covers and walk-in tunnels, rely heavily on plastic film construction. Notably, perforated plastic films facilitate better plant development by providing multiple holes and rows for growth while being lightweight, water-resistant, and robust. Thus, the industry is anticipated to continue this versatile product's growth during upcoming forecast periods. In addition to its application within agriculture-related industries - there has been a shift in consumption patterns around processed foods that will fuel future demand for plastic films.
Plastic film is well-defined as a continuous form of plastic material which is thin and cut into sheets. The thickness of the plastic films generally lies in between 0.06mm up to 0.25mm. Also, the thickness of more than 0.25mm is also considered a plastic film. The plastic films are made up of various plastic materials such as polypropylene, polyethene, polyvinyl chloride, and various other plastic raw materials. Basically, there is a vast category of plastic raw materials available in the market through which plastic films can be manufactured and produced. Despite the raw material used for manufacturing, plastic film can be transparent, clear, rough, smooth, opaque, embossed, coloured, printed, multilayered, single-layered or semi-transparent.
The manufacturing process through which the plastic films are made is known as extrusion. In this process, the plastic raw materials in the form of resins or pellets are melted, until they pellet or resins become soft, pliable or molten. The molten pellet or resin is then extruded with the help of a circular die so as to form the bubble, which is a continuous strand of plastic. This continuous strand of plastic is then, bloated with air to obtain the desired diameter and drawn perpendicularly upwards to cool before it is flattened to its flat lay width. The thickness of the film is controlled by the speed at which it is pulled from the die. The width and thickness of the plastic film to be produced is controlled by the amount of air inserted into the bubble. The plastic films are widely used in several end-user industry verticals such as food packing, consumer goods, construction, agriculture and others. Precisely, the plastic films are used in both packaging and non-packaging applications.
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The increasing demand for the BOPP (Bi-Axially Oriented Polypropylene) films for insulation and food packaging application is going to escalate the market growth of the plastic films. In recent years, BOPP films have been increasingly used for packaging owing to the excellent thermal insulating properties of these films in comparison to cellophane and wax papers. BOPP films are widely used in electronics, food packaging, cosmetics, insulation and other industries. BOPP films can be stretched in two directions because of their lending properties such as stiffness and great tensile strength. Due this attributes, BOPP films are generating remarkable prospective in all packaging applications. Additionally, the recycle ability of the BOPP is creating more demand in the market.
The growing demand for the bioplastic material is another factor which is going to stimulate the development of global plastic films market. Bioplastic material or biodegradable plastic materials are those materials which are made from organic materials. Owing to the rising environmental concerns among the population coupled with stringent rules and regulations formulated by regulatory bodies towards sustainability is going to increase the demand for the bioplastics in and across the globe. Additionally, these bioplastics materials can be used for plastic films.
Aluminium is the main substitutes available for the plastic films in the market. There is a rise in the adoption as a packaging material in the food packaging industry. Growing acceptance of aluminium as flexible packaging and the demand for extended shelf-life of packaged food items are the reasons for the aluminium packaging growth. Companies are heavily investing in their R&D in order to develop recycle and reuse ability in the case of aluminium packaging. Thus, this factor is going to restrain the market growth and development for the time being.
The usage of plastic films for manufacturing medical bags is going to provide a potential opportunity for the market to flourish in future. In comparison to glass bottles, the plastic films have several attributes and features such as resistant to breakage, reduced bacterial contamination, shipment of plastic bags and greater shelf life. Moreover, the medical bags are widely utilized in pharmaceutical and healthcare industries, mostly when low-cost packaging solutions are required and available in large amounts.
The ongoing oil price fluctuations cause the price fluctuation for the plastic raw material such as polypropylene (PP), polyvinyl chloride (PVC), and others. These materials are oil-based derivatives and are susceptible to price variations. Oil prices have been highly unstable for the past three to four years because of the ever-increasing global demand, and foreign intervention coupled with war conflict in the Middle Eastern region. Thus, the volatility in the raw material prices may restrict the market growth in the near future.
The global plastic films market has been segmented based on type, Material, end-user and regions.
The regions analyzed for the global plastic films market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region is accounted for the highest plastic films market with a 39.9% share of the market revenue in 2023.
Asia Pacific Plastic Films Market Share in 2023 - 39.9%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global plastic films industry.
In July 2019, Berry Global Group, Inc. announced the acquisition of RPC Group Plc (RPC) for a price of around USD 6.5 billion. The acquisition focused on the company expansion in Australia with the help of the subsidiaries of RPC Group such as Synergy Packaging.
In August 2018, Orara Packaging acquired Bronco Packaging and Pollock packaging, which are based in Texas. This acquisition is a part of an organization expansion strategy in North America.
Report Description:
As per The Brainy Insights, the size of the plastic films market was valued at USD 134.78 billion in 2023 to USD 234.63 billion by 2033.
Global plastic films market is growing at a CAGR of 5.7% during the forecast period 2024-2033.
Asia Pacific region emerged as the largest market for the plastic films.
Rising demand for BOPP (bi-axially oriented polypropylene) plastic films is the key driving factor for the plastic films market.
Availability of substitutes such as aluminium may hamper the market growth.
Rising adoption rate of plastic films for medical applications will provide huge opportunities to the market.
Key players are Amcor Limited, Bemis Company, Inc., Jindal Poly Films Ltd., Sealed Air Corporation, Toyobo Co., Ltd. And AEP Industries Inc.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
1.6. Research Methodology and Assumptions
1.7. Executive Summary
2. Premium Insights
2.1. Porter’s Five Forces Analysis
2.2. Value Chain Analysis
2.3. Top Investment Pockets
2.3.1. Market Attractiveness Analysis By Type
2.3.2. Market Attractiveness Analysis By Material
2.3.3. Market Attractiveness Analysis By End-User
2.3.4. Market Attractiveness Analysis By Region
2.4. Industry Trends
3. Market Dynamics
3.1. Market Evaluation
3.2. Drivers
3.2.1. Rising Demand for Bi-Axially Oriented Films
3.2.2. Increased Demand for Bioplastic Materials
3.3. Restrains
3.3.1. Regulations Restricting the Use of Non-Biodegradable Plastics
3.4. Opportunities
3.4.1. Untapped Opportunities in Emerging Markets
3.4.2. Growing Usage of Plastic Films & Sheets in Agriculture
3.5. Challenges
3.5.1. Availability of Substitute Biodegradable Films
4. Global Plastic Films Market Analysis and Forecast, By Type
4.1. Segment Overview
4.2. Biodegradable Films
4.3. Nanocomposite Films
4.4. Barrier Polymer Films
4.5. Water Soluble Films
5. Global Plastic Films Market Analysis and Forecast, By Material
5.1. Segment Overview
5.2. HDPE (High Density Polyethylene)
5.3. LDPE (Low Density Polyethylene)
5.4. PET (Polyethylene Terephthalate)
5.5. PVC (Polyvinyl Chloride)
5.6. PP (Polypropylene)
5.7. Others
6. Global Plastic Films Market Analysis and Forecast, By End-User
6.1. Segment Overview
6.2. Food Packaging
6.3. Pharmaceutical & Medical Packaging
6.4. Consumer Goods
6.5. Industrial Packaging
6.6. Agriculture
6.7. Construction
6.8. Others
7. Global Plastic Films Market Analysis and Forecast, By Regional Analysis
7.1. Segment Overview
7.2. North America
7.2.1. U.S.
7.2.2. Canada
7.2.3. Mexico
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. U.K.
7.3.4. Italy
7.3.5. Spain
7.4. Asia-Pacific
7.4.1. Japan
7.4.2. China
7.4.3. India
7.5. South America
7.5.1. Brazil
7.6. Middle East and Africa
7.6.1. UAE
7.6.2. South Africa
8. Global Plastic Films Market-Competitive Landscape
8.1. Overview
8.2. Market Share of Key Players in the Plastic Films Market
8.2.1. Global Company Market Share
8.2.2. North America Company Market Share
8.2.3. Europe Company Market Share
8.2.4. APAC Company Market Share
8.3. Competitive Situations and Trends
8.3.1. Product Launches and Developments
8.3.2. Partnerships, Collaborations, and Agreements
8.3.3. Mergers & Acquisitions
8.3.4. Expansions
9. Company Profiles
9.1. Amcor Limited
9.1.1. Business Overview
9.1.2. Company Snapshot
9.1.3. Company Market Share Analysis
9.1.4. Company Product Portfolio
9.1.5. Recent Developments
9.1.6. SWOT Analysis
9.2. Bemis Company, Inc.
9.2.1. Business Overview
9.2.2. Company Snapshot
9.2.3. Company Market Share Analysis
9.2.4. Company Product Portfolio
9.2.5. Recent Developments
9.2.6. SWOT Analysis
9.3. Jindal Poly Films Ltd.
9.3.1. Business Overview
9.3.2. Company Snapshot
9.3.3. Company Market Share Analysis
9.3.4. Company Product Portfolio
9.3.5. Recent Developments
9.3.6. SWOT Analysis
9.4. Sealed Air Corporation
9.4.1. Business Overview
9.4.2. Company Snapshot
9.4.3. Company Market Share Analysis
9.4.4. Company Product Portfolio
9.4.5. Recent Developments
9.4.6. SWOT Analysis
9.5. Toyobo Co., Ltd.
9.5.1. Business Overview
9.5.2. Company Snapshot
9.5.3. Company Market Share Analysis
9.5.4. Company Product Portfolio
9.5.5. Recent Developments
9.5.6. SWOT Analysis
9.6. AEP Industries Inc.
9.6.1. Business Overview
9.6.2. Company Snapshot
9.6.3. Company Market Share Analysis
9.6.4. Company Product Portfolio
9.6.5. Recent Developments
9.6.6. SWOT Analysis
9.7. Berry Plastics Group, Inc.
9.7.1. Business Overview
9.7.2. Company Snapshot
9.7.3. Company Market Share Analysis
9.7.4. Company Product Portfolio
9.7.5. Recent Developments
9.7.6. SWOT Analysis
9.8. RKW SE
9.8.1. Business Overview
9.8.2. Company Snapshot
9.8.3. Company Market Share Analysis
9.8.4. Company Product Portfolio
9.8.5. Recent Developments
9.8.6. SWOT Analysis
9.9. Saudi Basic Industries Corporation
9.9.1. Business Overview
9.9.2. Company Snapshot
9.9.3. Company Market Share Analysis
9.9.4. Company Product Portfolio
9.9.5. Recent Developments
9.9.6. SWOT Analysis
9.10. Toray Industries, Inc.
9.10.1. Business Overview
9.10.2. Company Snapshot
9.10.3. Company Market Share Analysis
9.10.4. Company Product Portfolio
9.10.5. Recent Developments
9.10.6. SWOT Analysis
9.11. Uflex Ltd.
9.11.1. Business Overview
9.11.2. Company Snapshot
9.11.3. Company Market Share Analysis
9.11.4. Company Product Portfolio
9.11.5. Recent Developments
9.11.6. SWOT Analysis
9.12. INTEPLAST GROUP LIMITED
9.12.1. Business Overview
9.12.2. Company Snapshot
9.12.3. Company Market Share Analysis
9.12.4. Company Product Portfolio
9.12.5. Recent Developments
9.12.6. SWOT Analysis
9.13. KLÖCKNER PENTAPLAST GROUP
9.13.1. Business Overview
9.13.2. Company Snapshot
9.13.3. Company Market Share Analysis
9.13.4. Company Product Portfolio
9.13.5. Recent Developments
9.13.6. SWOT Analysis
9.14. NOVOLEX
9.14.1. Business Overview
9.14.2. Company Snapshot
9.14.3. Company Market Share Analysis
9.14.4. Company Product Portfolio
9.14.5. Recent Developments
9.14.6. SWOT Analysis
9.15. POLYONE CORPORATION
9.15.1. Business Overview
9.15.2. Company Snapshot
9.15.3. Company Market Share Analysis
9.15.4. Company Product Portfolio
9.15.5. Recent Developments
9.15.6. SWOT Analysis
9.16. PRINTPACK INCORPORATED
9.16.1. Business Overview
9.16.2. Company Snapshot
9.16.3. Company Market Share Analysis
9.16.4. Company Product Portfolio
9.16.5. Recent Developments
9.16.6. SWOT Analysis
9.17. SIGMA PLASTICS GROUP
9.17.1. Business Overview
9.17.2. Company Snapshot
9.17.3. Company Market Share Analysis
9.17.4. Company Product Portfolio
9.17.5. Recent Developments
9.17.6. SWOT Analysis
List of Table
1. Global Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
2. Global Biodegradable Films Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
3. Global Nanocomposite Films Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
4. Global Barrier Polymer Films Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
5. Global Water Soluble Films Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
6. Global Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
7. Global HDPE (High Density Polyethylene) Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
8. Global LLDPE (Linear Low Density Polyethylene) Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
9. Global LDPE (Low Density Polyethylene) Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
10. Global PET (Polyethylene Terephthalate) Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
11. Global PVC (Polyvinyl Chloride) Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
12. Global PP (Polypropylene) PET (Polyethylene Terephthalate) Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
13. Global Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
14. Global Food Packaging Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
15. Global Pharmaceutical & Medical Packaging Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
16. Global Pharmaceutical & Medical Packaging Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
17. Global Consumer Goods Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
18. Global Industrial Packaging Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
19. Global Agriculture Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
20. Global Construction Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
21. Global Others Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
22. Global Plastic Films Market, By Region, 2020–2033 (USD Billion) (Kilotons)
23. Global Plastic Films Market, By North America, 2020–2033 (USD Billion) (Kilotons)
24. North America Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
25. North America Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
26. North America Plastic Films Market, By Modality, 2020–2033 (USD Billion) (Kilotons)
27. North America Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
28. U.S. Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
29. U.S. Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
30. U.S. Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
31. Canada Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
32. Canada Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
33. Canada Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
34. Mexico Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
35. Mexico Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
36. Mexico Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
37. Europe Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
38. Europe Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
39. Europe Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
40. Germany Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
41. Germany Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
42. Germany Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
43. France Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
44. France Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
45. France Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
46. U.K. Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
47. U.K. Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
48. U.K. Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
49. Italy Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
50. Italy Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
51. Italy Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
52. Spain Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
53. Spain Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
54. Spain Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
55. Asia Pacific Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
56. Asia Pacific Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
57. Asia Pacific Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
58. Japan Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
59. Japan Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
60. Japan Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
61. China Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
62. China Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
63. China Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
64. India Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
65. India Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
66. India Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
67. South America Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
68. South America Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
69. South America Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
70. Brazil Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
71. Brazil Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
72. Brazil Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
73. Middle East and Africa Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
74. Middle East and Africa Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
75. Middle East and Africa Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
76. UAE Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
77. UAE Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
78. UAE Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
79. South Africa Plastic Films Market, By Type, 2020–2033 (USD Billion) (Kilotons)
80. South Africa Plastic Films Market, By Material, 2020–2033 (USD Billion) (Kilotons)
81. South Africa Plastic Films Market, By End-User, 2020–2033 (USD Billion) (Kilotons)
List of Figures
1. Global Plastic Films Market Segmentation
2. Plastic Films Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Plastic Films Market Attractiveness Analysis By Type
9. Global Plastic Films Market Attractiveness Analysis By Material
10. Global Plastic Films Market Attractiveness Analysis By End-User
11. Global Plastic Films Market Attractiveness Analysis By Region
12. Global Plastic Films Market: Dynamics
13. Global Plastic Films Market Share by Type (2023 & 2033)
14. Global Plastic Films Market Share by Material (2023 & 2033)
15. Global Plastic Films Market Share by End-User (2023 & 2033)
16. Global Plastic Films Market Share by Regions (2023 & 2033)
17. Global Plastic Films Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Plastic Films market on the basis of below mentioned segments:
Global Plastic Films Market by Material:
Global Plastic Films Market by Type:
Global Plastic Films Market by End-User:
Global Plastic Films Market by Region:
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