Plastic Films & Sheets Market

Plastic Films & Sheets Market size is forecast to reach $120.3 billion by 2026, after growing at a CAGR of 5.2% during 2021-2026. The plastic film has a thin polymeric material and thicker plastic materials include Polyvinyl chloride, Cast polypropylene, and Aliphatic Polyamides. Growing consumption of plastic films from the food and beverage, healthcare, and automotive industry and the rise in demand for eco-friendly and water-soluble films are driving the growth of plastic films and sheets market share during the forecast period. Middle East & Africa are also driving the market mainly due to huge investment in construction and infrastructure activities, especially in Saudi Arabia and UAE. Furthermore, favorable cost, high performance coupled with durability and versatility of films and sheet across the applications like synthetic paper, and heat sealer are also contributing to the growth of Plastic Films & Sheets Market share globally.

The emergence of COVID-19

The COVID-19 pandemic continues to unfold every day with severe impact on people, communities, and businesses. The Plastic Films & Sheets market faced a negative impact by the pandemic mainly due to decline in demand for films and sheet from various end-use industries like packaging, automotive, and aerospace sector. As these sectors were under complete lockdown and also facing slow growth due to reduction in demand, which in return affects the plastic film & sheet market. Furthermore, reduction in construction activities mainly due to lack of funds and reducing purchasing power of the consumer is also hindering the market growth.


Report Coverage

The report: “Plastic Films & Sheets Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plastic Films & Sheets Industry.
By Type: Polypropylene (Biaxial Oriented Polypropylene (BOPP), Casted Polypropylene (CPP), and Others), Polyethylene (Polyethylene Terephthalate (PET), Linear Low-Density Polyethylene (LLDPE), Ultra-High Molecular Weight Polyethylene (UHMW-PE), Polyethylene Naphthalate, and Others), Polyvinyl Chloride (PVC) (Chlorinated Polyvinyl Chloride CPVC and Others), Rubber, and Others
By Application: Food Packaging, Stretch Film, Shrink Film, Heavy Duty Bags, Film on Reel, and Others.
By End Use-Industry: Automotive (Interior, Exterior and Others), Aerospace & Aviation, Packaging, Food & Beverages, Building & Construction (Commercial, Residential, and Others), Healthcare, Printing, Agriculture, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Take away

  • Europe region is projected to witness significant growth in the global market due to the rising demand for specialty film and synthetic papers in the construction and packaging sector. In Europe, Germany is the key country driving market growth owing to the presence of various plastic converters.
  • Rising consumer income coupled with growing demand for packaged food is also contributing to the market growth.
  • The growing demand for medical packaging & consumer goods, further contribute to the market growth during the pandemic time.

  • Inquiry Before Buying

Plastic Films & Sheets Market Segment Analysis - By Type

Polyethylene segment held the largest share of more than 40% in the global market in 2020. The PE-based films and sheets offer properties like high puncture resistance heat sealer, and high tensile strength, better production cost, and end product performance make them suitable to use across various applications. Moreover, these films and sheets are also very flexible, have low-temperature tolerance, bag tearing resistance, translucent, with good water vapor and alcohol barrier properties. Due to these properties, PE-based films and sheets are widely used in multi-layer cast stretch film, agricultural greenhouse film, medium to heavy-duty bags, and lamination packaging film. Whereas, the LLDPE sheet has good cold resistance, excellent weather ability, and high welding strength, which makes them widely used for construction activities.

Plastic Films & Sheets Market Segment Analysis - By Application

Food Packaging segment held the largest share of more than 35% in the Plastic Films & Sheets market in 2020. In food packaging, the Polyvinyl chloride, Cast polypropylene, and Aliphatic Polyamides based plastic films are used for wet food, soup, processed meat, and frozen food packaging. The heat resistance, heat sealer, standard types, low-temperature sealing, antistatic types, lightweight, and easy to print information properties of plastic films and sheets make them suitable to use for various food packaging applications. Whereas, rapid change in people's lifestyles and food preferences of consumers along with the growing population in the developing nations is driving the growth of food packaging. Packaging addresses food waste by preventing chemical contamination, foodborne diseases, and preserves the quality of food. 

Plastic Films & Sheets Market Segment Analysis- By End-Use Industry

Food & Beverage segment held the largest share of more than 40% in the Plastic Films & Sheets market in 2020. The rise in demand for packaged foods & beverages in the emerging economies has a positive impact on the global food & beverage industry. Furthermore, a rise in population, increase in consumer income, and rapid urbanization is expected to drive the food & beverage industry over the forecast period. Such growth in the food & beverage industry has propelled the demand for plastic films for food packaging. As they protect the food from contamination and provide design flexibility. Furthermore growing consumption of synthetic paper from the food industry also drives the market. 


Plastic Films & Sheets Market Segment Analysis - By Geography

Asia-Pacific held the largest share of more than 45% in the Plastic Films & Sheets market in 2020 followed by the North America and Europe region. China, Japan, South Korea, and India are the major contributors to the growth of the Plastic Films & Sheets market in APAC. The high population growth and improving standards of living have contributed to the demand in the region. Moreover, rise in purchasing power of consumers, increase in demand for consumer & medical goods, and high agricultural production has propelled the demand for Polyvinyl chloride, Cast polypropylene, Aliphatic Polyamides based plastic films & sheets in APAC. Furthermore, rapid urbanization, and increasing infrastructural activities & residential buildings are also fueling the growth of plastic films & sheets in Asia Pacific region. As per Indian Brand Equity Foundation (IBEF) report in 2020, the FMCG market is expected to grow 5-6% in 2020. Whereas, the online grocery market is estimated to exceed sales of about Rs 22,500 crore (around $ 3.19 billion) in 2020, which further drives the market in the region.

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Location: United States

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