Packaging films can be mainly categorized on the basis of packaging materials such as polypropylene (BOPP & CPP), polyethylene (LDPE, LLDPE, & HDPE), and polyester (BOPET) among others (polyamide, EVOH, PVC, PVDC, PVOH & cellulosic. Polyethylene and polypropylene are basically preferred as basic packaging materials in most of the end-user applications. However, specialty films, along with high-barrier polymers that are water-resistant, are increasingly gaining popularity in various industrial applications. Greater importance towards safety and protection of packaged contents has further contributed to the development of this market.
MARKET DYNAMICS
The packaging film market has witnessed significant growth owing to factors such as wider application in industries such as food & beverage packaging, medical & pharmaceutical packaging, consumer product packaging, industrial packaging, and other applications. Rising population and increasing disposable income of middle-class consumers is anticipated to drive packaged food & personal care products (packing of shampoo, soap, and other cosmetic products) industry. This, in turn, is creating demand in these industries is expected to lead to a subsequent increase in packaged goods along with packaging films over the forecast period. Developing economies are further exploring the diverse advantages of packaged products in several industrial sectors, which are expected to augment packaging films demand. Plastics possess non-corrosive, light & relatively cheap characteristics that are again expected to enhance the global market growth. However, certain restrictions, including recycling issues, high costs, and susceptibility to degradation, are expected to hamper the growth of the global packaging film market. Nevertheless, with the steady growth in the chemical processing industry and industrial packaging industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Packaging Film Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the packaging film market with detailed market segmentation by application, type of material, and geography. The global packaging film market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading packaging film market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global packaging film market is segmented on the basis of application, and type of material. The packaging film market on the basis of the application is classified into food & beverage packaging, medical & pharmaceutical packaging, consumer products packaging, industrial packaging, and other applications. On the basis of type of material, global packaging film market is bifurcated into polyethylene, polypropylene, polyester, PVC, and other type of materials.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global packaging film market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The packaging film market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the packaging film market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the packaging film market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global packaging film market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from packaging film market are anticipated to lucrative growth opportunities in the future with the rising demand for packaging film in the global market. Below mentioned is the list of few companies engaged in the packaging film market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the packaging film market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AEP Industries Inc
- Amcor Limited
- Ampac Holdings, LlC
- Bemis Company
- Berry Plastics Corporation
- Charter Nex Films Inc
- Dupont Teijin Films
- Exopack Holding Corporation
- Graphic Packaging Holding Corporation
- Hilex Poly Co LlC