Plastic Films and Sheets Market: Global Industry Analysis (2024-2030) by Module, Installation type, type, voltage, Industry and Region

Plastic Films and Sheets Market size was valued at US$ 136.79 Bn. in 2023 and the total Plastic Films & Sheets revenue is expected to grow at 4.5% from 2024 to 2030, reaching nearly US$ 186.15 Bn.
Plastic Films and Sheets Market Overview:
The Plastic film is a continuous, thin polymeric material. A "sheet" of thicker plastic material is a common term. These thin plastic membranes are used to divide regions or volumes, to contain goods, function as barriers, or provide printing surfaces. Plastic sheets are generally used in agriculture to build greenhouses, low tunnel coverings, mulching, and walk-in tunnels. HDPE sheets have a variety of applications in agriculture. These films are provided with many rows of perforations, which aid in the growth and development of plants. They are lightweight, exceedingly resilient, resistant to weather, corrosion, binding, and waterproof.

The growing demand for processed foods is driving up the need for plastic films and sheets in packaging applications. The global plastic films and sheets market is being driven by an increase in demand for plastic films and sheets in rising economies such as APAC and South America. Various plastic pollution rules are pushing the emergence of sustainable plastic films. The increasing agricultural sector is a chance for the plastic films and sheets business to grow. Rising demand for specialized films is also expected to support the plastic film market growth.To know about the Research Methodology :- Request Free Sample Report
Plastic Films and Sheets Market Dynamics:
Growing demand for bi-axially oriented films across the world

Biaxially oriented films are distinguished by their ability to stretch in two separate directions. Orientation causes changes in the properties of the film, such as increased stiffness, decreased elongation, and increased lustrousness. BOPP films are utilized in a variety of applications including electrical and electronics, packaging, imaging, graphics, and industrial specialties. Because of the increasing demand for bi-axially oriented films, several plastic film producers have diverted their manufacturing efforts and invested in bi-axially oriented films. Food packaging is the most common application for these films.

As the food packaging business in developing markets has grown, so has the demand for bi-axially oriented films. It is the most popular material for food packaging since it is non-toxic and functions as an odor barrier. Bi-axial films are stretched in both the machine and transverse directions to improve mechanical, optical, and barrier characteristics.

Financial turmoil in European Countries restraining the market growth

In European countries, the market for plastic films and sheets has grown slowly over the recent five years. This was mostly due to mature markets in major economies including Germany, France, Italy, and the United Kingdom. During the recent decade, both the PE and PP film sectors in Western Europe witnessed moderate development. Additionally, Italy's financial crisis reduced demand for packaged food, which affected the growth of the country's plastic films and sheets sector. Similarly, France and the United Kingdom had a moderate increase in film demand.

Specialty films offer lucrative Opportunities

Specialized films are manufactured of specialty polymers and have distinct properties from standard films. Polyolefin, polyester, nylon, and polyvinyl butyl films are the most common. Specialty films cost more than commodity films and are utilized in a variety of packaging and non-packaging applications. The demand for specialty plastic films is growing faster than for conventional commercial films.

The market for specialized films is driven by the need for multi-layer barrier films. Such films are ideal for the meat packing business due to their non-porous and light-barrier qualities. The use of such films in pharmaceutical and cosmetic packaging is also expected to increase demand for them. The largest rise is being seen in the market for specialized films consisting of biodegradable and compostable materials.

Recyclability of flexible plastic

The recyclability of flexible plastic is an environmental and social problem, as well as a significant challenge for the packaging and non-packaging industries. Multiple-layer flexible plastic recycling is more complicated than mono-layer flexible plastic recycling since it includes additional stages. Multi-layer flexible plastic sheets or packages contain a variety of polymer kinds and inks, making them difficult to separate from bulk garbage. Each layer must be studied, recognized, and recycled separately. Polypropylene (PE) sheets and other polymers used for flexible plastic packaging become trapped in the recycling machine, creating interruption and increasing manufacturing costs and time.
Plastic Films and Sheets Market Segment Analysis:
By Product, the LLDPE segment dominated the Plastic Films and Sheets Market with the highest market share in 2023 and is expected to maintain its dominance at the end of the forecast period. The dominance is attributed to the LDPE film having properties like flexibility, increased tensile strength, and higher puncture and impact resistance.

LDPE has a low barrier and good transparency, and it is also among the least expensive of all packaging films, which contributes significantly to its demand in the global market. The most common polyethylene films are linear low-density polyethylene (LLDPE) films and sheets. They, like LDPE, can be blown or cast. LLDPE films and sheets have greater puncture resistance, tensile strength, and low-temperature characteristics.

LLDPE is replacing traditional LDPE in many applications because of its low manufacturing cost and high product performance. In the food packaging business, LLDPE films and sheets are widely used for applications like ice bags and retail item bags. It is also commonly used in clothing packing. These films have a variety of applications in agriculture as well. Plastic sheets prevent agricultural erosion and increase food quality. Covering the ground with plastic sheets helps to keep the soil moist and prevents evaporation.Plastic films and sheets are commonly used in textile packaging, food packaging, and other particular applications such as tents and outdoor equipment. In 2023, HDPE was the second-largest product segment and is expected to grow significantly during the forecast period. Chemical and corrosion resistance, abrasion resistance, low friction coefficient, superior electrical characteristics, moisture and odor resistance, and high impact strength are some of the unique qualities of HDPE sheets. HDPE has been authorized by the FDA and is widely used in the food packaging sector. Borated HD is utilized in nuclear facility applications due to its high radiation resistance. HDPE sheet with a pebble finish can be extruded. It is utilized as a cutting board in a variety of end-use industries, including meat packing and slaughtering.

By Application, the Packaging segment dominated the market with the largest market share in 2023 and is expected to maintain its dominance at the end of the forecast period. Plastic films and sheets are becoming increasingly used in packaging applications across a wide range of sectors. Demographic shifts, active lifestyles, and growing environmental tendencies are driving plastics growth and innovation, creating marketing possibilities in important areas such as food and drinks and consumer products. A strong manufacturing base in the global industry, together with rising demand in developing economies in Central and South America and the Asia Pacific, is expected to drive market growth throughout the forecast period.

A polymer is the primary component of plastic and elastomer materials. Packaging film is extremely thin plastic. Films are widely utilized as barriers, keeping dirt, pathogens, liquids, or gases on one side of the film. Almost any plastic that may be turned into a film that is utilized for commercial packaging are having wide applications across the industry. Bags, envelopes, pouches, sachets, and wraps composed of readily yielding materials such as film, foil, or paper sheets that, when filled and sealed, acquire a malleable shape are examples of flexible packaging.

Polymeric packaging materials are used to protect a package's contents from gases and vapors, moisture, and biological impacts of the outside environment, while also giving an attractive and frequently ornamental look. Allowing water vapor and ambient gases to infiltrate into or out of a container can change the flavor, color, and nutritional content of the packaged food. The effects of gases and vapors on food are complicated, and they constitute a significant part of food science.One of the most adaptable packaging materials is a polypropylene film. Because of its low density, it is cost-effective and is replacing other materials in packaging applications such as polyethylene, polyvinyl chloride, polyester, and cellophane. Almost 90% of plastic packaging is utilized in food applications; additional applications include stationery film packaging, cigarettes, and textiles.

The non-packaging segment is expected to grow rapidly during the forecast period. Plastic film has non-packaging applications such in building, agriculture, and healthcare. Plastic films and sheets are commonly utilized in the construction sector because of their distinct advantages, which include durability, non-corrosiveness, and lower prices. These are commonly used in building applications such as external and interior covering, weatherboarding, ceilings, counter ceilings, roof covering, and insulation. Plastic films are used to make cephalometric tracing pads, which are used all over the world to manually trace cephalograms while safeguarding the underlying x-ray.

This film is also used by orthopedic surgeons and other medical professionals to protect the quality of x-ray pictures. Face shields and mouth guards are also made from plastic films. Additionally, during an MRI, all equipment is covered with plastic film to eliminate any magnetic pull from the MRI machine. LLDPE films are commonly utilized in agricultural applications, most notably low-tunnel coverings, greenhouses, mulching, and walk-in tunnels. In China, the sector is seeing promising growth, accompanied by novel product advancements such as NIR-blocking films, UV-blocking films, ultrathermic films, and fluorescent films.
Plastic Films and Sheets Market Regional Insights:
The Asia Pacific was the largest regional market and held the highest share of about 35% of the global revenue. The region is expected to grow at the highest CAGR of about throughout the forecast period and dominate the market. APAC is the world's largest and fastest-growing plastic film and sheet market. This growth is mostly attributed to the rising demand for plastic films and sheets in the region's developing economies, which include India, China, Indonesia, Malaysia, Vietnam, Singapore, and Thailand.

In addition, increasing population, increasing urbanization, changing trends, and rising disposable income are pushing food consumption, particularly packaged goods. Further to that, the region's plastic films and sheets market is being driven by increased industrialization, rising demand due to changing demographics, and government initiatives to attract business investments in a variety of industries such as packaging, construction, pharmaceuticals, industrial, and electronics.

India and China's growing rapidly food and pharmaceutical enterprises resulting in the growth of the market. China, India, and Southeast Asia are expected to be the region's major growth markets. Product demand in the construction, packaging, and electrical and electronics industries would be driven by the increasing manufacturing sector. Because of technological transfer from Western markets, China and India have seen a rise in automotive production in recent years.

China, Taiwan, and South Korea have well-established electronic and electrical manufacturing economies, which would give further drive for market growth. India, on the other hand, has a robust chemical sector, which has helped to boost its plastic manufacturing.

Growing economies, rapid urbanization, a thriving manufacturing ecosphere, and increased infrastructure operations are all driving the regional market growth. Countries with high GDP development, such as India, China, Vietnam, Indonesia, and the Philippines, present a profitable potential for plastic marketers.

Europe was the second-largest region in terms of revenue. In 2023, packaging was the most important application category in Europe's regional industry. The falling growth of the pharmaceutical sector in Germany, France, and Italy as a result of relocating production bases to low-cost manufacturing countries is anticipated to have an impact on plastic sheets and films used in packaging. However, rising R&D spending in Europe's pharmaceutical industry is expected to indirectly increase product demand during the forecast period. Additionally, the rising personal care products business in Germany, the United Kingdom, France, and Italy is expected to have a beneficial impact throughout the forecast period.
Plastic Films and Sheets Industry Ecosystem
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Plastic Films and Sheets Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 136.79 Bn.


Forecast Period 2024 to 2030 CAGR:
4.5%
Market Size in 2030:
US $ 186.15 Bn.


 Segments Covered:
by Product Type
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyester (PET)
Others


by End Use Industry
Food and Beverage
Pharmaceuticals
Consumer Goods
Industrial
Others



Plastic Films and Sheets Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Plastic Films and Sheets Market Key Players
1. Amcor PLC.
2. Berry Global Group, Inc.
3. SABIC
4. Toray Industries, Inc.
5. Sealed Air Corporation
6. Uflex Limited
7. Toyobo Co., Ltd.
8. Jindal Poly Films Limited
9. DuPont Teijin Films
10.Oben Holding Group
11.British Polythene Ltd.
12.SABIC
13.Plastic Film Corporation of America
14.Sealed Air
15.Dow
16.Novolex
17.Griffon Corporation Inc.
18.Mitsuibishi Chemical Holdings Corporation
19.Evonik Industries AG
20.Honeywell International Inc.

FAQs:

1. Which is the potential market for Plastic Films & Sheets in terms of the region?
Ans. In APAC region, the growing business and educational sectors are expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is new initiatives from governments that provide funding for Plastic Films & Sheets in educational institutes

3. What is expected to drive the growth of the Plastic Films and Sheets Market in the forecast period?
Ans. A major driver in the Plastic Films and Sheets Market is the prevalence of work from home and remote collaboration created by the COVID-19 pandemic

4. What is the projected market size & growth rate of the Plastic Films and Sheets Market?
Ans. Plastic Films and Sheets Market size was valued at US$ 136.79Billion in 2023 and the total Plastic Films & Sheets revenue is expected to grow by 4.5% from 2024 to 2030, reaching nearly US$ 186.15 Billion.

5. What segments are covered in the Plastic Films and Sheets Market report?
Ans. The segments covered are Offering, End-Users, Resolution, Application and, Region.