Global Plastic Films & Sheets Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

Global Plastic Films & Sheets Market Overview

"The Plastic Films & Sheets Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Request Covid - 19 Impact

This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact to make informed forecasts about the scenarios in the future.

Polyethylene and polypropylene are the two major raw materials for manufacturing plastic films and sheets. Plastic film is a continuous form of plastic that is thin. Plastic film can be colored, clear, rough, smooth, or semi-transparent. Plastic sheets are thick for various applications such as agriculture, construction, and consumer goods.

Based on product type, the low-density polyethylene segment is estimated to hold a major revenue share in the global plastic films & sheets market and is expected to maintain its dominance over the forecast period. Properties of low-density polyethylene such as chemical resistance, moisture resistance, higher tensile strength, and low cost are the major factors driving the market growth. Common applications of low-density polyethylene include textile packaging, food packaging, and outdoor equipment.

Based on application, packaging application segment is estimated to hold major revenue share in the global plastic films & sheets market. Packaging segment includes food packaging, medical packaging, consumer goods packaging, and industrial packaging. Growing demand for packed food and consumer goods is anticipated to augment market growth. Moreover, growing demand for flexible packaging in food industry is expected to drive market growth.

Asia Pacific market is estimated to hold major revenue share in the global plastic films & sheets market, in 2017 and is expected to maintain its dominance over the forecast period. Increasing people's purchasing power and growing demand for medical and consumer goods in the region is expected to be a major factor driving market growth.

Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Rapid urbanization and increasing infrastructure development activities in developing economies such as China, India, and Indonesia are expected to propel market growth. Moreover, presence of large number of manufactures in the region is expected to fuel market growth over the forecast period.

Market segmentation and key players operating in the global plastic films & sheets market:

By product type:

• Low-density polyethylene (LDPV)
• High-density polyethylene (HDPV)
• Polyvinyl chloride (PVC)
• Polyamide (PA)
• Biaxially Oriented Polypropylene (BOPP)
• Others (Polyether sulfone, Biaxially oriented polyethylene terephthalate and Ethylene vinyl alcohol)

By application:

• Packaging
• Non-packaging

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa