Global Packaging Film Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Packaging Film Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global packaging film market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global packaging film market report has been segmented on the basis of material type, application, and region.
Packaging films are plastic films composed of different plastic materials such as polyethylene, polypropylene, polyester, polyamide, etc., and is used for packaging of products related to food, medical and pharmaceutical, personal care, and others. Packaging films have various features such as chemical resistant, high transparency, lightweight, high performance, and easy to open, carry, store, and reseal.
Rising demand for packaging film in various applications such as food, cosmetics, and personal care products owing to rapid urbanization coupled with increase in disposable income, is a major factor expected to drive growth of the global packaging film market over the forecast period. In addition, increasing demand for specialty films and high-barrier polymer films which possess water-resistant property is another factor anticipated to fuel growth of the target market in the next coming years. moreover, increasing preference of packaging film made up of bioplastic materials owing to increasing environmental concerns, are among some factors estimated to drive growth of the potential market over the forecast period.
However, stringent rules and regulations by government pertaining to environmental concern are among the factors which may hamper demand for packaging film and restrain growth of the target market over the forecast period.
Increasing adoption of sustainable packaging solutions and untapped market in emerging economies is a factor expected to create a lucrative opportunity for growth of the global packaging film market over the forecast period.
On the basis of material type, the polypropylene segment is expected to register for major revenue share in the target market in the next coming years. Among application, the food packaging segment is estimated to account major share in terms of revenue and is projected to witness fastest growth in the global packaging film market over the forecast period. This is attributed to the rising demand for convenience foods.
The packaging film market in the Asia Pacific hold major share in terms of revenue in the target market and is expected to maintain its dominance over the forecast period. Increasing demand for packaging film owing to different properties such as lightweight, sustainability, safety, and cost-effectiveness is expected drive revenue growth of the Asia Pacific packaging film market over the forecast period. The Asia Pacific market is projected to grow at a faster rate in the target market over the forecast period. China is expected to account for major share contribution in terms of value and volume in the growth of packaging film market in the region. North America packaging film market is estimated to register for significant revenue share in the target market in coming years, followed by Europe. The packaging film market in Latin America and Middle East and Africa markets are anticipated to register for moderate share in terms of revenue in the global packaging film market over the forecast period.
Market Segmentation and Key Players Operating in the Global Packaging Film Market:
Segmentation on the Basis of Material Type:
- Others (Polyamide, Polyvinyl Chloride, Polyvinylidene Chloride, Polyvinyl Alcohol, Ethylene-vinyl Alcohol, and Cellulosic)
Segmentation on the Basis of Application:
- Food Packaging
- Medical & Pharmaceutical Packaging
- Consumer Products Packaging
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 3M Company
- Amcor Limited
- Berry Global Group, Inc.
- Covestro AG
- PolyCine GmbH
- Glenroy Inc.
- Wipak Walothen GmbH
- Renolit SE
- Celanese Corporation
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