Overview and Scope
Plastic films and sheets refer to a continuous form of plastic material that is thin and wound on a core, or cut into sheets. Plastic films are thinner in nature than plastic sheets and have a thickness of 0.6 mm to 0.10 mm or thicker. These are used by various industries as these sheets are environmentally friendly, multi-purpose plastic material, wrinkle and weather resistant, reusable, durable in nature, and recyclable.
Sizing and Forecast
The plastic films & sheets market size has grown strongly in recent years. It will grow from <b>$82.75 billion in 2023 to $87.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. </b> The growth in the historic period can be attributed to growth in packaging and labeling industries, expansion of food and beverage packaging, demand for flexible and durable materials, development of high-barrier films, increase in agriculture and greenhouse applications.
The plastic films & sheets market size is expected to see strong growth in the next few years. It will grow to <b>$112.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. </b> The growth in the forecast period can be attributed to sustainable and recyclable plastic films, growth in e-commerce and shipping, customized film solutions for specific packaging needs, demand for biodegradable and compostable films, expansion in electronics and displays, integration in photovoltaic and renewable energy systems, increased use in healthcare and medical packaging.. Major trends in the forecast period include advanced nanocomposite plastic films, regulatory compliance in plastic film safety, smart and rfid-enabled plastic packaging, antimicrobial and anti-fogging plastic films, collaboration between film and material science..
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Segmentation & Regional Insights
The plastic films & sheets market covered in this report is segmented –
1) By Type: Polypropylene, Polyethylene, Polyvinyl Chloride, Rubber, Other Type
2) By Application: Food Packaging, Stretch Film, Shrink Film, Heavy Duty Bags, Film on Reel, Other Applications
3) By End Use: Automotive, Aerospace and Aviation, Packaging, Food and Beverages, Building and Construction, Healthcare, Printing, Agriculture, Other End-Users
<b>Asia-Pacific</b> was the largest region in the plastic films and sheets market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic films & sheets market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growth in the plastics industry is expected to propel the growth of the plastic films and sheets market going forward. The plastic industry refers to an organization that is involved in the manufacturing of polymer materials that are known as plastic, a chemical compound that is light-weight, elastic in nature, moldable, and has other unique features. Plastic films and sheets help the plastic industry with many advantages, such as reduced weight in components in manufacturing, good packaging solutions, strength, durability, and other features that can be used in various industries such as automobiles, food and beverages, construction, electronics, healthcare, and others. For instance, in March 2022, according to an article published by the American Mold Builders Association, a US-based organization that has been dedicated exclusively to the U.S. mould manufacturing industry, plastic production increased by 7.1% and is expected to grow at a rate of 4.5% year-on-year. Therefore, the growth of the plastic industry is driving the growth of the plastic film and sheet market.
Key Industry Players
Major companies operating in the plastic films & sheets market include <b> Amcor Inc., Berry Plastic Inc., Saudi Basic Industries Corporation (SABIC), Toray Industries Inc., Sealed Air Corporation, UFlex Limited, Toyobo Co Ltd, Jindal Poly Films Limited, Dupont Teijin Films Limited, Taghleef Industries LLC, Bemis Manufacturing Company, Novolex Com, British Polythene Industries PLC., Oben Holding Group S.A.C, CCL Industries Inc., Mitsubishi Chemical Corporation, RKW Group, Plastic Film Corporation, AEP Industries Inc., Transcendia Inc., Placon Corporation, Glenroy Inc., Ampac Holdings LLC, API Group, Davis-Standard LLC, Inteplast Group, Bixby International Corporation, Coveris, Flex Films (USA) Inc., Raven Industries Inc. </b>
The plastic films & sheets market report table of contents includes:
1. Executive Summary
2. Plastic Films & Sheets Market Characteristics
3. Plastic Films & Sheets Market Trends And Strategies
4. Plastic Films & Sheets Market – Macro Economic Scenario
5. Global Plastic Films & Sheets Market Size and Growth
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26. South America Plastic Films & Sheets Market
27. Brazil Plastic Films & Sheets Market
28. Middle East Plastic Films & Sheets Market
29. Africa Plastic Films & Sheets Market
30. Plastic Films & Sheets Market Competitive Landscape And Company Profiles
Top Major Players:
- Amcor Inc.
- Berry Plastic Inc.
- Saudi Basic Industries Corporation (SABIC)
- Toray Industries Inc
- Sealed Air Corporation
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