Industry Background:
Plastic film is a thin continuous polymeric material. Thicker plastic material is often called a "sheet". With the growing demand for plastic film packaging in the key end-use sectors such as food & beverages, electrical & electronics, and e-commerce industries, the plastic film packaging market is expected to witness significant growth during the forecast period. The crucial growth factor in the global plastic film packaging market is the growing demand for plastic film packaging due to its lightweight properties.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Amcor Limited (Australia), Bemis Company, Inc. (United States), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (United States), Huhtamaki Oyj (Finland), Berry Global Group, Inc (United States), Sonoco Products Company (United States), AR Packaging Group AB (Sweden), Mondi Group (Austria) and DS Smith Plc (United Kingdom) |
This growth is primarily driven by Cost-effectiveness & increased the shelf life of the product, High Demand for Downsizing of packaging and High Adoption from Emerging markets.
Globally, a noticeable market trend is evident The rise in demand from end-users
The Chemicals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Amcor Limited (Australia), Bemis Company, Inc. (United States), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (United States), Huhtamaki Oyj (Finland), Berry Global Group, Inc (United States), Sonoco Products Company (United States), AR Packaging Group AB (Sweden), Mondi Group (Austria) and DS Smith Plc (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2018, Constantia Flexibles Group acquired Indian film laminates producer Creative Polypack Limited. Creative Polypack Limited manufactures film-based flexible packaging for food and home & personal care industries. Lucrative incremental opportunity represented by the Indian flexible plastic packaging market is targeted by the company.
Influencing Trend:
The rise in demand from end-users, Improvements in global manufacturing activities and Increasing Demand due to Modern technologies
Market Growth Drivers:
Cost-effectiveness & increased the shelf life of the product, High Demand for Downsizing of packaging and High Adoption from Emerging markets
Challenges:
The issues associated with recyclability
Restraints:
The growing concern regarding stringent regulations
Opportunities:
Substitution of traditional packaging and Growth in demand for sustainable packaging solutions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Plastic Film Packaging Market
- Analysis about New Entrants in Plastic Film Packaging Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Plastic Film Packaging Study Sheds Light on
The Plastic Film Packaging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plastic Film Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plastic Film Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.