PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1364760
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1364760
The plastic films & sheets market is projected to reach USD 182.5 billion by 2028, at a CAGR of 5.4% from USD 140.0 billion in 2023. The heightened demand across a multitude of end-use industries stands as a pivotal driving force propelling the plastic films and sheets market forward. These materials have become increasingly sought-after due to their remarkable versatility and a spectrum of advantageous properties. In the realm of packaging, plastic films and sheets are witnessing substantial demand, primarily for their capacity to ensure the protection, resilience, and visually appealing presentation of consumer goods. The surge in e-commerce activities, along with an escalating emphasis on sustainable packaging solutions, further intensifies this demand. Across diverse industries such as electronics, healthcare, and consumer goods, the versatility and compatibility of plastic films and sheets with various manufacturing processes make them invaluable. Furthermore, ongoing innovations in plastic film and sheet technology, including the development of eco-friendly and recyclable alternatives, are driving market growth as industries increasingly prioritize sustainable solutions.
Scope of the Report | |
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Years Considered for the Study | 2019-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Volume (Kiloton); Value (USD Billion) |
Segments | Type, Application, End-use Industry and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"LDPE segment is expected to account for the second-largest share in 2022."
LDPE (Low-Density Polyethylene) plastic films and sheets are pivotal in diverse industries. Renowned for their flexibility, LDPE materials excel in packaging, agriculture, and construction sectors. They safeguard products, enhance crop yields, and bolster building durability. LDPE's chemical resistance and moisture resilience make it a preferred choice for applications like medical packaging and consumer goods. While cost-effective, LDPE may have limited strength and heat resistance, factors to consider in specific use cases. Its recyclability aligns with sustainability goals, further solidifying its role in modern business applications..
"Based on region, Asia Pacific region was the largest market for plastic films & sheets in 2022, in terms of value."
The Asia-Pacific plastic films and sheets market is experiencing robust growth, driven by expanding industries such as packaging, agriculture, automotive, and construction. Rising consumer demand, urbanization, and a growing emphasis on sustainable packaging solutions fuel this expansion. Manufacturers are innovating with eco-friendly materials to meet environmental concerns. Government regulations and technological advancements also play pivotal roles in shaping the market. With a focus on quality, cost-effectiveness, and sustainability, the Asia-Pacific region remains a significant player in the global plastic films and sheets market.
The key players in this market are include Amcor PLC (Switzerland), Berry Global Group, Inc. (US), Sabic (Saudi Arabia), Toray Industries, Inc. (Tokyo), Sealed Air Corporation (US), Uflex (India), Toyobo Co. Ltd. (Japan), Jindal Poly Films Ltd. (India), Dupont Teijin Films (US), Oben Holding Group (Peru).
Research Coverage
This report segments the market for plastic films & sheets market on the basis of type, application , end-use industry, region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for plastic films & sheets market.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the plastic films & sheets market; high-growth regions; and market drivers, restraints, opportunities, and challenges.