Global Packaging Films Market
Global packaging films market is expected to reach USD 156.96 billion by 2031 from USD 102.74 billion in 2023, growing at a CAGR of 5.49% during the forecast period of 2024 to 2031.
Market Segmentation:
Global Packaging Films Market, By Type (Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polylactic Acid (PLA) , Cellulose, Ethylene Vinyl Alcohol (EVOH), and Others), Flexibility (Flexible and Rigid), Nature (Synthetic and Bio-Based), Application (Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics, Electrical and Electronics, Household and Home Décor, Pet Food, and Others), By Countries (U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Sweden, Finland, Netherlands, Switzerland, Poland, Belgium, Turkey, Norway, Denmark, Rest of Europe, China, Japan, India, South Korea, Indonesia, Thailand, Malaysia, Philippines, Singapore, Australia, New Zealand, Rest of Asia-Pacific, Brazil, Argentina Rest of South America, Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, Rest of Middle East And Africa)- Industry Trends and Forecast to 2031
Some of the major factors contributing to the growth of the global packaging films market:Drivers
• Increasing consumer preference for sustainable and eco-friendly packaging
• Rise in adoption of packaging films in pharmaceutical and agriculture industry
Restraints
• Stringent regulation related to film packaging
Opportunitites
• Innovations in technologies that enhance the protective qualities of packaging films
Market Players:The key players operating in the global packaging films market are:• Mondi
• Amcor plc
• Klöckner Pentaplast
• Taghleef Industries
• Parkside
• Novolex
• ProAmpac
• Interplast Group
• DACO Corporation
• AEP GROUP
• Sigma Plastics Group
• TIPA LTD
• Papier-Mettler
• Berry Global Group, Inc.
• Uflex Limited
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