[Latest] Global Plastic Films and Sheets Market Size/Share

Austin, TX, USA, April 12, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Plastic Films and Sheets Market Size, Trends and Insights by Product (Type PA, PVC, BOPP, LDPE/LLDPE, HDPECPP), By Application (Packaging, Non-packaging), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Plastic Films and Sheets Market size & share was valued at approximately USD 126.56 Billion in 2021 and is expected to reach USD 134.62 billion in 2022and is expected to reach a value of around USD 199.13 Billion by 2030, at a compound annual growth rate (CAGR) of about 6.53% during the forecast period 2022 to 2030.”

Plastic films and sheets are thin, flexible sheets of plastic and tiny material less than 10mm in size. It is also called polybags and comprises polyethylene, one of the most important components of plastic packaging. It is lightweight, corrosion, weather, and binding resistant, owing to which it is extensively used for protection, handling, containment, delivery, and presentation of other products, from carrying raw materials to processed goods, from the producer to the end-use customer.

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Market dynamics

Drivers

The growing usage of plastic films and sheets in the personal care sector

The personal care sector is one of the emerging sectors across the globe where plastic films and sheets are extensively used to protect, preserve, store, and transport products such as various skincare and body care products, including soap, lotions, face creams, gels, and moisturizers+. The growing demand from the cosmetics and personal care industry has increased the potential sales of plastic films and sheets in the market.

Restraints

Government norms and regulation

However, the stringent government norms and regulations on plastic films and sheets ban are expected to hamper the overall market growth. On the other hand, manufacturers are switching to alternative substitutes for plastic films and sheets due to government programs for sustainable and plastic-free environments.

(A free sample of the Plastic Films and Sheets report is available upon request; please contact us for more information.)

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Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
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Report Scope

Feature of the Report	Details
Market Size in 2021	USD 135.56 billion
Projected Market Size in 2030	USD 155.53 billion)
CAGR Growth Rate	5.53% CAGR
Base Year	2021
Forecast Period	2022-2030
Prominent Players	Toray Industries Inc., British Polythene Ltd., Toyobo Co. Ltd., Berry Global Inc., SABIC, Plastic Film Corporation of America, Sealed Air, Dow, DuPont , Novolex, Amcor plc, UFlex LtdInc., , and Others
Key Segment	By Product, Application, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

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Opportunities

Escalated demand from the food & beverages industry

The growing population across the globe, increased number of working women, and rising demand for ready-to-eat packaged food have given way to the plastic films and sheets industry. Rigid plastics are extensively used in the manufacturing of plastic containers. This is projected to propel the growth of the plastic films and sheets market in the upcoming years.

In addition, the growing food and beverages worldwide are driving the potential sales of plastic films and sheets. For instance, according to an article published by IBIS World in August 2022, the plastic packaging industry revenue is expected to fall at a compound annual rate of 0.9% over the five years through 2022-23 to £935.4 million. These factors are enhancing the overall growth of the plastic films and sheets market.

Key questions answered in this report:

What is the size of the Plastic Films and Sheets market and what is its expected growth rate?
What are the primary driving factors that push the Plastic Films and Sheets market forward?
What are the Plastic Films and Sheets Industry's top companies?
What are the different categories that the Plastic Films and Sheets Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Plastic Films and Sheets market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Challenges

Environmental concern

Over the forecast period, the recyclability of plastic becomes one of the most challenging factors in the plastic films and sheets market. In response, higher lead time and tooling costs involved in injection molding technology will likely act as challenging factors during the forecast period.

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Report Highlights

Depending upon the types, the plastic films and sheets market is segmented into PA, PVC, BOPP, LDPE/LLDPE, HDPE, and CPP.

The LDPE/LLDPE product type segment dominated the market in 2021 and is expected to grow over the forecast period, accounting for 42% of the total share. LDPE/LLDPE plastic films and the sheet have attributes such as flexibility, high strength, high puncture and impact resistance provides, and extended shelf life, and is the least expensive among all the plastic films due to which it has gained popularity in the food and beverages industry where it is used in the form of bottles, jars, containers, and many others. This is anticipated to increase the industrial sector’s demand for plastic films and sheets.

Based on application, the market is segmented into packaging and non-packaging. It is expected that the global packaging application segment to hold a dominant position during 2022 -2031. And expected to grow with a total market share of 84.67%.

The factors such as a rapid shift in lifestyle, the busy schedule of people, and growing trends of ready-to-eat packed food have escalated the demand for various types of plastic films and sheets. It is extensively used to protect and cover material while transporting food. The demand for plastic films and sheets will grow as packaging materials in the cosmetics industry during the forecast period.

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Regional Snapshots

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific is the dominant region in the plastic films and sheets market. This region is also anticipated to maintain its dominance throughout the forecast period, with 43% of the total share. Countries such as China, Japan, India, and others significantly contribute to the growth of the region’s plastic films and sheets market. Key factors such as pharmaceuticals, cosmetics, personal care products, the medical sector, food and beverages, and other end-use industries have surged the demand for plastic films and sheets.

Furthermore, the healthcare sector is one of the booming sectors in India. For instance, according to a report published by NITI Aayog in March 2021, India’s healthcare industry has been growing at a Compound Annual Growth Rate (CAGR) of around 22% since 2016. This rate is expected to reach USD 372 billion in 2022. These factors together increase the usage of plastic films and sheets in the growing healthcare industry for packaging various healthcare products such as surgical containers, medical bottles, saline bottles, syringes and many others.

Moreover, China has a dynamic market for the electronics and food & beverages sector owing to a rise in the population, growing plastic films and sheets plants, rise in import and export trade, and increased demand for food enhanced where plastic films and sheets are predominately used for packaging of ready to eat foods. In addition, the growing chemical industry and the increase in building and construction activities further impetus the market growth. This is augmented to enhance the demand for plastic films and sheets in the Asia-Pacific region.

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Key Players

Toray Industries, Inc.
British Polythene Ltd.
Toyobo Co., Ltd.
Berry Global, Inc.
SABIC
Plastic Film Corporation of America
Sealed Air
Dow
DuPont
Novolex
Amcor plc
UFlex LtdInc.
Others

Segments covered in the report

Key market segments

By Product Type

PA
PVC
BOPP
LDPE/LLDPE
HDPE
CPP

By Application

Packaging
Non-packaging

On the basis of Geography

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

Click Here to Access a Free Sample Report of the Global Plastic Films and Sheets Market @ https://www.custommarketinsights.com/report/plastic-films-and-sheets/

This Plastic Films and Sheets Market Research/Analysis Report Contains Answers to the following Questions.

Which Manufacturing Technology is used for Plastic Films and Sheets? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Plastic Films and Sheets Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Plastic Films and Sheets Market? What Was the Capacity, Production Value, Cost and PROFIT of the Plastic Films and Sheets Market?
What Is the Current Market Status of the Plastic Films and Sheets Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Plastic Films and Sheets Market by Considering Applications and Types?
What Are Projections of the Global Plastic Films and Sheets Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Plastic Films and Sheets Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Plastic Films and Sheets Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Plastic Films and Sheets Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Plastic Films and Sheets Industry?

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/plastic-films-and-sheets/

Reasons to Purchase Plastic Films and Sheets Market Report

Plastic Films and Sheets Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Plastic Films and Sheets Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Plastic Films and Sheets Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Plastic Films and Sheets Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

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Reasons for the Research Report

The study provides a thorough overview of the global Plastic Films and Sheets market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Plastic Films and Sheets market analysis.

The competitive environment of current and potential participants in the Plastic Films and Sheets market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

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Who should buy this report?

Participants and stakeholders worldwide Plastic Films and Sheets market should find this report useful. The research will be useful to all market participants in the Plastic Films and Sheets industry.

Managers in the Plastic Films and Sheets sector are interested in publishing up-to-date and projected data about the worldwide Plastic Films and Sheets market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Plastic Films and Sheets products' market trends.

Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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