Asia plastic films market to account for more than 30% of global revenues in 2014
Plastic Films & Plastic Sheets Market by Application: Global Trends & Forecasts to 2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-02 11:27:04
The Plastic films and sheets market consumption will grow from an estimated 59.9 million MT in 2013 to 70.9 million MT by 2018, with a CAGR of 3.4% from 2013 to 2018.The increasing demand for packaged food and pharmaceutical products in growing economies such as China, India, Turkey, Poland, Brazil, and Mexico is driving the global market for Plastic Films and Sheets. Plastic films and sheets have been commercialized and used in packaging of food products, pharmaceutical and medical products, consumer products and industrial products. Films and sheets are also used in non-packaging purposes in agriculture, construction, health care and others. Food industry is the largest consumer of Plastic Films and Sheets in packaging sector, followed by pharmaceutical and medical packaging. However, pharmaceutical and medical packaging applications are expected to offer the highest growth during the next five years. The demand for Plastic Films and Sheets is increasing in non-packaging applications due to its increased uses in the agriculture industry.The global Plastic Films and Sheets Market is fragmented and regions such as North America and Europe are in matured stage. However, Asia-Pacific market shows huge potential to grow in this market. The rising disposable income of the middle-class in India and China is expected to drive the Plastic Films and Sheets Market in the coming decade. The top companies in the plastic films and sheets business include AEP Industries (U.S.), Amcor Ltd. (Australia), Bemis Company (U.S.), DuPont Teijin Films (U.S.), Jindal Poly Films (India), and Sealed Air Corporation (U.S.). Plastic films and sheets industry is going through consolidation activities and inorganic expansion was the preferred growth strategy adopted by the leading players.Plastic films and sheets are integral parts of society today. With rising global population and disposable income, plastic films and sheets are finding increasing applications in packaging as well as in non-Packaging sector globally. In packaging, plastic films and sheets are used in food, pharmaceuticals, personal care, industrial and other applications. Food packaging is the key driver for plastic films and sheets in packaging sector. In modern days, plastic films are extensively used in flexible packaging. In non-packaging, plastic films and sheets find application in agriculture, construction, medical and health care, consumer goods, and others.Asia-pacific is the key market for plastic films and sheets with more than 30% of global market share. Rising middle class in China and India is the major driving force for the industry. However, developed regions such as North America and Europe are experiencing slow growth in the sector. However, specialty films and biodegradable films are slowly gaining in importance in such developed economies. Different materials used for the manufacture of plastic films and sheets include LDPE, LLDPE, HDPE, BOPP, CPP, BOPET, Polyamide, polystyrene, polycarbonate, EVOH, PLA and other specialty and high barrier films. PE is the most preferred material for the production of films and sheets. In agriculture, LDPE and LLDPE films are used significantly. However, in packaging applications bi-axially oriented polypropylene film is gaining market share over PE films.
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