Plastic Films Market Size & Trends 2018 | Technology, Applications, Growth and Region Forecast 2023

Plastic Films Market Information- by Technology (Biodegradable Films, Nanocomposites, Barrier Polymer Films, and Water-Soluble Films), by Type (LLDPE, LDPE, HDPE, Polypropylene Films, PET Films, PVC Films), by End User Industry (Packaging, Consumer Goods, Construction, Pharmaceutical, Electrical) and by Region - Forecast till 2023

Pune, India - July 12, 2018 /MarketersMedia/ —

Market Overview

Market Research Future (MRFR) forecasts that the Global Plastic Films Market is projected to experience a notable growth of USD 146,813.87 MN at a CAGR of 5.4% during forecast period (2016-2023). Growing demand for hygienic flexible packaging materials from food industry is driving the market growth across the globe.
Moreover, the increased usage of the eco-friendly bioplastic films coupled with growing usage of plastic films in agriculture paves the way for Plastic Films Market in emerging economies. Apart from this, it’s been observed that a significant number of consumers are leading time-constrained lifestyles, plus there has been a rise in the number of single person households, increasing working mothers and a growing out-of-hours working culture, which has led to considerable demand for conveniently packaged time-saving products and packaged for on-the-move consumption. Other drivers include increased public awareness about environmental hazards due to disposal and recycling of plastic packaging wastes and also government initiatives to minimize greenhouse gas emissions has led to Plastic Films Market growth all over the globe.

However, easy availability of substitutes such as glass and metal could potentially act as a deterrent to the growth in the market. But despite the potential threats posed, maximum growth in demand is anticipated resulting from pre-fillable syringes and inhalers, vials, medication tubes, labels, and accessories, which will propel the market growth in the coming years. Worth noting are some trends in the plastic films market such as lightweighing. Lightweighting is a trend which involves reducing thickness of the plastic film used instead of reducing the overall size of the package. Furthermore, manufacturers have capitalized on this trend by developing portable and re-sealable plastic packaging for snacking or specific consumption occasions.

Market Segmentation

The Global Plastic Films Market can be segmented on the basis of Technology, Type, and end-Users.

By Technology, the market is segmented by biodegradable films, nanocomposites, barrier polymer films, and water-soluble films. Biodegradable films do not contain chemicals, hence are incredibly convenient in food industries. They are less harmful to the environment, conserve energy and are renewable, which makes them appealing for manufacturers to use for their products. On the other hand, a majority of consumer products that use nanocomposite packaging are in the beverage industry.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/3002

The types of Plastic Films are linear low-density polyethylene film (LLDPE), low-density polyethylene film (LDPE), high-density polyethylene (HDPE), polypropylene films, polyethylene terephthalate (PET) films, polyvinyl chloride (PVC) films, and others (polystyrene, polyamide, polyvinyl butyral, polyester). LLDPE films are used in applications such as pipes and conduits, sheets, wires and cables, rotomolding, injection molding, and films. The global linear low-density polyethylene (LLDPE) market is growing steadily to increasing applications in household products, packaging, automotive, and agriculture segments.

Lastly, the End-Users of Plastic Films are packaging, consumer goods, construction, pharmaceutical, electrical, and others (agriculture, household). Massive demand in packaging industry is likely to drive the plastic films market growth. The packaging industry makes extensive use of plastic films due to their easier availability and low prices. Also, plastic films used in pharmaceutical industry increase the shelf life of medicines and drugs and protect them from external environment for a long time.

Regional Analysis

The regions covered by Global Plastic Films Market are North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and the Rest of the World (RoW).

The Asia-Pacific market is the fastest growing region due to growing industry such as packaging, consumer goods, and electrical. The massive flexible packaging industry in the developing economies such as China and India leads to the proliferation of the Plastic Films Market in this region. Also, increasing population and improving standards of living in countries like India, China, Taiwan, and South Korea, have spurred the demand for Plastic Films. The increasing purchasing power of consumers, heavy demand for medical goods, and the vast agricultural production fuels the plastic films market in this region.

North America is the second fastest growing market globally. An increase in time constraints on consumers has led to the rise in demand for Plastic Films packaged items in North America. Also, growth of large retail chains in this region is giving way to Plastic Films Market in a big way. Lifestyle changes and rising disposable incomes also attribute to the market growth in this region. The well-established manufacturing base in North America contributes significantly to the market growth in the area.

The Europe Plastic Films Market has exhibited steady growth owing to rise in the consumption of sustainable textiles, growing demand from application industries and prevalence of eco-friendly plastic films. Government initiatives to increase the use of recycled plastics propels the manufacturers to produce biodegradable films in this region. Increasing use of energy-efficient technologies by Plastic Films manufacturers and growing demand from packaging industry for sustainable and biodegradable plastic films are likely to create new opportunities for players in the Global Plastic Films Market in Europe.

The Middle East and Africa regions are witnessing moderate growth due to growing population, increasing urbanization, rising consumers and demand for diverse products. While majority of products are imported from other regions, there is now massive investment taking place in plastics processing operations driving the market growth in these regions.

Browse Report Details @ https://www.marketresearchfuture.com/reports/plastic-films-market-3002

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Savant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/plastic-films-market-size-trends-2018-technology-applications-growth-and-region-forecast-2023/376643

For more information, please visit https://www.marketresearchfuture.com/reports/plastic-films-market-3002

Source: MarketersMedia

Release ID: 376643

More News

Bregman embracing All-Star attention

Jul 16, 2018

HOUSTON — Houston third baseman Alex Bregman is a first time All-Star, will appear in his first Home Run Derby next week and has tried his hand at modeling to help promote a new art, fashion and music event during All-Star week called MLB Assembly. The Astros' rising star is embracing all these new experiences and can't wait to soak up everything as the festivities near. "It's going to be sweet," Bregman said. "It's going to be fun definitely. I never would have dreamed about being in the derby and I especially never dreamed of being all over this fashion...

Royal etiquette for the Trumps' visit: Don't kiss the queen

Jul 16, 2018

LONDON — President Donald Trump is coming to Britain fresh from a confrontational NATO summit that featured stinging criticism of America's closest allies, but he's likely to tone down that stance when he takes tea Friday with Britain's Queen Elizabeth II. The president and his wife, Melania, are not expected to make waves during the visit with the 92-year-old monarch. Elizabeth has met every U.S. president since Dwight Eisenhower with the exception of Lyndon Johnson, who never visited Britain while in office. The imposing setting at Windsor Castle and the fact that his hostess is one of the most admired...

US Navy now allows women to wear ponytails, lock hairstyles

Jul 16, 2018

PROVIDENCE, R.I. — The Navy says it will now allow servicewomen to sport ponytails and other hairstyles, reversing a policy that long forbade females from letting their hair down. Chief of Naval Operations Adm. John Richardson said it makes the Navy more inclusive. Many black women had asked for changes to the female grooming standards. A female sailor, Yeoman First Class LaToya Jones, announced the new policy during a Facebook Live event Tuesday with Richardson. The new standards went into effect Wednesday. Lock hairstyles, or ropelike strands, are also now allowed. Wider hair buns too. And women can wear ponytails...

US first lady welcomed in Belgium with music and fashion

Jul 16, 2018

BRUSSELS — U.S. first lady Melania Trump returned to the international stage Wednesday as she mingled with the spouses of America's closest allies over classical music, fashion and chocolate. As President Donald Trump harangued Germany and other allies at a NATO summit in Brussels, his wife chatted amiably with some of their spouses at a music conservatory in a wooded park in Waterloo, near the Belgian capital. There, she and 10 other spouses were given a tour of the Queen Elisabeth Music Chapel, a training center for gifted young musicians housed in a modernistic glass building. Mrs. Trump, 48, wore...

World's ugliest dog dies weeks after winning title

Jul 16, 2018

ANOKA, Minn. — A 9-year-old English bulldog has died just weeks after winning the 2018 World's Ugliest Dog contest. Owner Megan Brainard of Anoka, Minnesota, told NBC's "Today " that Zsa Zsa died in her sleep Tuesday. Brainard says the dog was staying with her father and he found she had passed away when he got up in the morning. Zsa Zsa — with her floppy tongue, crooked teeth and pink manicure — won the annual contest on June 23 at the Sonoma-Marin Fairgrounds in Petaluma, California. Brainard says Zsa Zsa never really showed much excitement, but that she knew...

Lookout Style, your personal trendy diary, keeping you in check with all things new for automobiles and content to assist your fashionable sense.

Contact us: sales@lookoutstyle.com

Automobile Design Automobile Shows Car Buying Beauty & Fashion Body Piercings Elective Cosmetic Procedures Children's Fashion Couture Fashion Accessories Fashion Magazines Fashion Shows Men's Fashion Personal Style Sustainable Fashion Women's Fashion Press Releases