Plastic Films & Sheets Market by Material (High-Density Polyethylene, Linear Low-Density Polyethylene, Low-Density Polyethylene), Film & Sheet Type (Opaque, Translucent, Transparent), Application, End-User Verticals, End-Product - Global Forecast 2024-2030
The Plastic Films & Sheets Market size was estimated at USD 240.84 billion in 2023 and expected to reach USD 253.97 billion in 2024, at a CAGR 5.50% to reach USD 350.52 billion by 2030.
The plastic films & sheets are polymer-based materials primarily used for packaging applications, alongside protective layers, insulation, and barrier functions. Rapid urbanization and growing urban populations have led to higher demands for packaged food products, resulting in increased consumption of plastic films. Increasing environmental concerns have elevated the need for recyclable and eco-friendly plastic materials. Governments are implementing stricter regulations on plastic waste management to support the adoption of sustainable materials, benefitting the industry by fostering innovation and investments in eco-friendly alternatives. However, volatile raw material prices may adversely impact the finished plastic film & sheets cost. Moreover, innovations in material science can enable the development of high-performance plastic films with improved mechanical strength, barrier properties, lower weight or reduced material usage, and recyclability without compromising functionality.
Regional Insights
The plastic films & sheets market is evolving in the Americas owing to the rapid expansion of the eCommerce sector and innovations in plastic materials to improve their properties. Increasing environmental concerns among consumers lead to surging demand for sustainable packaging solutions in the Americas. European countries within the EMEA region have strict regulations on plastic film recycling and waste reduction, leading manufacturers to invest in eco-friendly alternatives such as bioplastics. The Middle Eastern and African region has witnessed increased demand for food packaging films due to rapid urbanization and population growth. Rise in building & construction activities coupled with significant demand for enhanced materials for producing automotive components are fueling the use of plastic films & sheets in the APAC region. In addition, surging demand for plastic films from the agriculture sector and advancements in the manufacturing process are anticipated to propel the use of plastic films & sheets by the end-use sectors globally.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Plastic Films & Sheets Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing demand for plastic films & sheets from the food & beverage sector
- Consumer preference for biodegradable films & sheets
- Demand for high-performance plastic films & sheets from construction and automotive sectors
- Market Restraints
- Price volatility of raw materials necessary for the production of plastic films & sheets
- Market Opportunities
- Technological advancements to develop innovative plastic films & sheets
- Adoption of plastic films in modern agriculture practices
- Market Challenges
- Environmental impacts and performance issues associated with plastic films & sheets
- Market Segmentation Analysis
- Material: Extensive demand for Polyvinylidene Chloride (PVDC) films & sheets
- Film & Sheet Type: Significant penetration of transparent packaging films & sheets
- Application: Proliferating usage of plastic films & sheets for packaging purposes
- End-User Verticals: Expanding use of plastic films & sheets in agriculture sector
- End-Product: Proliferating utilization for plastic pouches owing to their resealability features
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Plastic Films & Sheets Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Plastic Films & Sheets Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Tipa and CNG Partner to Bolster Compostable Packaging Market
Tipa has partnered with Charter Next Generation (CNG), a specialty film manufacturer based in Chicago, to drive the production and adoption of compostable packaging in the United States. As part of this alliance, Tipa has introduced a new compostable film exclusively for North America. CNG produces this film and aims to reduce plastic pollution by promoting locally produced compostable packaging. By eliminating the need for transportation from abroad, this partnership helps to reduce the world's carbon footprint.
Berry's New Generation Compression Film Maintains High Performance with Recycled Content
Berry Global Group, through its European flexible films business, launched an upgraded version of its popular high-performance insulation compression film, FormiFor. This next-generation film incorporates up to 30% post-consumer recycled material, aligning with Berry's commitment to sustainability outlined in its Impact 2025 strategy. FormiFor offers impressive characteristics such as high weld and holding force, making it a reliable choice for various applications. Moreover, this lightweight film utilizes up to 50% less material than traditional packaging films, effectively reducing the amount of packaging required while minimizing its carbon footprint.
CCL Industries Announces Acquisition in Flexible Pouches
CCL Industries Inc. has acquired Pouch Partners s.r.l., a subsidiary of Capri-Sun Group, a Swiss-based company, valued at USD 44 million, for expanding the use of their patented technology in the home and personal care industry & bringing the potential for developing sustainable barrier films. CCL Industries aims to leverage this acquisition to drive the global expansion of its product line and enhance its existing decorative label portfolio.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Plastic Films & Sheets Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Plastic Films & Sheets Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amcor PLC, Avery Dennison Corporation, BASF SE, Berry Global Inc., BOSSAUTO INNOVA, S.A.U., CCL Industries Inc., Celanese Corporation, Corning Incorporated, Coveris Management GmbH, Covestro AG, Dupont Teijin Films Limited, Emco Industrial Plastics, Inc., Evonik Industries AG, Exxon Mobil Corporation, FUJIFILM Corporation, Griff Paper and Film, Hengli Group, HuanYuan Plastic Film Co., Ltd., Jindal Poly Films Limited, Kuraray Co., Ltd., LG Chem Ltd., Lonza Group AG, Lotte Chemical Corporation, LyondellBasell Industries Holdings B.V., Masterpak s.a.l, Merck KGaA, Mitsubishi Chemical Corporation, Nippon Plastics, NOVA Chemicals Corporation, Novolex Holdings, LLC, Parker Hannifin Corporation, PETOSKEY PLASTICS, Plaskolite LLC, PPG Industries, Inc., Pregis LLC, Qingdao Kingchuan Yuanrong International Trading Co.,Ltd., Redwood Plastics and Rubber, RKW Group, SABIC, Saint-Gobain Group, Sealed Air Corporation, Sumitomo Chemical Co., Ltd., Suzhou Omay Optical Materials Co., Ltd., The Dow Chemical Company, Toray Industries, Inc., Toyobo Co., Ltd., Transcendia, Inc., Trinseo PLC, UFlex Limited, and WeProFab.
Market Segmentation & Coverage
This research report categorizes the Plastic Films & Sheets Market to forecast the revenues and analyze trends in each of the following sub-markets:- Material
- High-Density Polyethylene
- Linear Low-Density Polyethylene
- Low-Density Polyethylene
- Medium-Density Polyethylene
- Polyamide or Nylon
- Polycarbonate
- Polyethylene Terephthalate
- Polypropylene
- Polyvinyl Chloride
- Polyvinylidene Chloride
- Ultra Low-Density Polyethylene
- Film & Sheet Type
- Opaque
- Translucent
- Transparent
- Application
- Non-Packaging
- Packaging
- End-User Verticals
- Agriculture
- Automotives
- Construction
- Electronics
- Food & Beverage
- Healthcare
- Telecommunication
- End-Product
- Bags
- Electrical Fabrication
- Labels
- Landscaping
- Photographic Film
- Pouches
- Shrink Films
- Stretch Films & Wraps
- Video Tape
- Wall Panels
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing demand for plastic films & sheets from the food & beverage sector
- 5.1.1.2. Consumer preference for biodegradable films & sheets
- 5.1.1.3. Demand for high-performance plastic films & sheets from construction and automotive sectors
- 5.1.2. Restraints
- 5.1.2.1. Price volatility of raw materials necessary for the production of plastic films & sheets
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements to develop innovative plastic films & sheets
- 5.1.3.2. Adoption of plastic films in modern agriculture practices
- 5.1.4. Challenges
- 5.1.4.1. Environmental impacts and performance issues associated with plastic films & sheets
- 5.2. Market Segmentation Analysis
- 5.2.1. Material: Extensive demand for Polyvinylidene Chloride (PVDC) films & sheets
- 5.2.2. Film & Sheet Type: Significant penetration of transparent packaging films & sheets
- 5.2.3. Application: Proliferating usage of plastic films & sheets for packaging purposes
- 5.2.4. End-User Verticals: Expanding use of plastic films & sheets in agriculture sector
- 5.2.5. End-Product: Proliferating utilization for plastic pouches owing to their resealability features
- 5.3. Market Trend Analysis
- 5.3.1. Proliferating eCommerce sector and improvements in plastic materials in the Americas
- 5.3.2. Flourishing construction and automotive sector to propel the use of plastic films & sheets in the APAC region
- 5.3.3. Emphasis on use of biodegradable and recycled plastic films & sheets in EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Plastic Films & Sheets Market, by Material
- 6.1. Introduction
- 6.2. High-Density Polyethylene
- 6.3. Linear Low-Density Polyethylene
- 6.4. Low-Density Polyethylene
- 6.5. Medium-Density Polyethylene
- 6.6. Polyamide or Nylon
- 6.7. Polycarbonate
- 6.8. Polyethylene Terephthalate
- 6.9. Polypropylene
- 6.10. Polyvinyl Chloride
- 6.11. Polyvinylidene Chloride
- 6.12. Ultra Low-Density Polyethylene
- 7. Plastic Films & Sheets Market, by Film & Sheet Type
- 7.1. Introduction
- 7.2. Opaque
- 7.3. Translucent
- 7.4. Transparent
- 8. Plastic Films & Sheets Market, by Application
- 8.1. Introduction
- 8.2. Non-Packaging
- 8.3. Packaging
- 9. Plastic Films & Sheets Market, by End-User Verticals
- 9.1. Introduction
- 9.2. Agriculture
- 9.3. Automotives
- 9.4. Construction
- 9.5. Electronics
- 9.6. Food & Beverage
- 9.7. Healthcare
- 9.8. Telecommunication
- 10. Plastic Films & Sheets Market, by End-Product
- 10.1. Introduction
- 10.2. Bags
- 10.3. Electrical Fabrication
- 10.4. Labels
- 10.5. Landscaping
- 10.6. Photographic Film
- 10.7. Pouches
- 10.8. Shrink Films
- 10.9. Stretch Films & Wraps
- 10.10. Video Tape
- 10.11. Wall Panels
- 11. Americas Plastic Films & Sheets Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Plastic Films & Sheets Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Plastic Films & Sheets Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. Tipa and CNG Partner to Bolster Compostable Packaging Market
- 14.3.2. Berry's New Generation Compression Film Maintains High Performance with Recycled Content
- 14.3.3. CCL Industries Announces Acquisition in Flexible Pouches
- 14.3.4. Toray to Boost Torayfan Polypropylene Film Production Capacity at Tsuchiura Plant in Ongoing Effort to Meet Rising Automotive Capacitor Demand
- 14.3.5. RKW Horizon – MDO-PE Films Complement The Sustainable ECORE Product Portfolio of the RKW Group
- 14.3.6. NOVA Chemicals and Pregis Collaborate to Deliver Sustainable Food Packaging Solutions with SYNDIGO Recycled Polyethylene
- 14.3.7. Berry Announces Expansion of its Film Manufacturing Facility in Lewisburg, Tennessee
- 14.3.8. Amcor Commercializes Recycle-Ready Thermoforming Films
- 14.3.9. SEE Coroporation To Acquire Liquibox
- 14.3.10. Berry Global and Printpack Collaborate for Sustainable Flexible Packaging
- 14.3.11. Toyobo To Open Another Polyester Packaging Film Plant In Indonesia: Doubling Production Capacity To Meet Growing Global Demand Of Eco-Friendly Films
- 14.3.12. Coveris Launches Next Generation Stretch Film with 30% Recycled Content
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
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