What is Plastic Film Market Scope?
Plastic films are made from polyethylene resin which plays a vital role in preserving the freshness and safekeeping of food and beverages. These are less than 10mm thick and can be combined with materials such as aluminum and paper in order to provide the various benefits of these films. They can be colored or transparent, multilayered or single-layered and plain or printed in nature. It is also widely preferred by food and beverage manufacturers as they extend the shelf life of food, provide aroma barrier and limit the use of artificial preservatives. Thus the increasing usage of these plastic films are driving the market growth.
The Plastic Film market study is being classified by Type (Biaxially oriented PET films (BOPET films) and Biaxially oriented polypropylene films (BOPP films)), by Application (Packaging, Consumer Goods, Construction, Pharmaceutical, Electrical and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Plastic Film market throughout the predicted period.
AEP Industries (United States), Amcor (Australia), Berry Global (United States), Jindal Poly Films (India), RPC Group (United Kingdom), Inteplast Group (United States), Sealed Air (United States), Bemis (United States), Sealed Air (United States) and E. I. du Pont de Nemours (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Garware Polyester (India), Vibac Group S.p.a. (Italy), Toray Industries (Japan) and Polyplex (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Plastic Film market by Type, Application and Region.
On the basis of geography, the market of Plastic Film has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Federal Food, Drug, and Cosmetic Act, it is the FDA’s responsibility to make certain that no packaging materials contaminate food, and determine if new food-contact materials, or new uses of already-used materials, are safe. While the FDA’s principal concern is the safety of the packaging material’s contact with food, the National Environmental Policy Act (NEPA) has required the agency’s evaluation of the packaging materials' environmental impact as well.
Influencing Market Trend
- Rising Trend of Preserving Frozen Food has also made its Significant Mark in this Industry
Market Drivers
- Packaging Trends act as Drivers of Growth
- Plastic Films Demand from FMCG Department
Opportunities
- Growing Awareness among the Benefits of these Plastic Films Around the Wrapping Techniques is also Growing the Market
- The Rising Demand for Plastic Films in the Food and Beverage Industry, as well as the Non-Food Packaging Industry, is Anticipated to Drive the Market
Restraints
- Rising Concern about the Side Effects that can Happen By using these Plastic Films
- Stringent Regulation in Terms of Using Plastic
Challenges
- The Volatility of Raw Material Prices
Key Target Audience
Plastic Film Manufactures, Plastic Film Distributors, Potential Investors, End-Users and Others
Customization available in this Study:
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