What is Plastic Film Packaging Market?
Plastic film is a thin continuous polymeric material. Thicker plastic material is often called a "sheet". With the growing demand for plastic film packaging in the key end-use sectors such as food & beverages, electrical & electronics, and e-commerce industries, the plastic film packaging market is expected to witness significant growth during the forecast period. The crucial growth factor in the global plastic film packaging market is the growing demand for plastic film packaging due to its lightweight properties.
The market study is being classified by Type (Rigid and Flexible), by Application (Food & Beverages, Industrial Packaging, Pharmaceuticals, Personal & Household Care and Others) and major geographies with country level break-up.
Amcor Limited (Australia), Bemis Company, Inc. (United States), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (United States), Huhtamaki Oyj (Finland), Berry Global Group, Inc (United States), Sonoco Products Company (United States), AR Packaging Group AB (Sweden), Mondi Group (Austria) and DS Smith Plc (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are CCL Industries Inc. (Canda).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Plastic Film Packaging market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Plastic Film Packaging market by Type, Application and Region.
On the basis of geography, the market of Plastic Film Packaging 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Cost-effectiveness & increased the shelf life of the product
- High Demand for Downsizing of packaging
- High Adoption from Emerging markets
- The rise in demand from end-users
- Improvements in global manufacturing activities
- Increasing Demand due to Modern technologies
- The growing concern regarding stringent regulations
- Substitution of traditional packaging
- Growth in demand for sustainable packaging solutions
- The issues associated with recyclability
Market Leaders and some development strategies
In March 2018, Constantia Flexibles Group acquired Indian film laminates producer Creative Polypack Limited. Creative Polypack Limited manufactures film-based flexible packaging for food and home & personal care industries. Lucrative incremental opportunity represented by the Indian flexible plastic packaging market is targeted by the company.
Key Target AudiencePlastic Film Packaging Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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