The global Plastic Films & Sheets Market size was valued at USD 121.3 Billion in 2022 and is projected to grow at a CAGR of 5.5% during the forecast period from 2022 to 2030.

Plastic Films & Sheets Market Overview:

A major growth driver of the industry is the increasing demand for plastic films in the agricultural sector. Plastic panels are mainly used in the agricultural sector to construct greenhouses, low tunnel covers, mulches and walk-in tunnels. HDPE sheets have various applications in the agricultural sector. Equipped with multiple rows, these films contain multiple holes that help plants grow and develop better. They are lightweight, highly durable, weather, corrosion, adhesive and water resistant. Rising demand for processed food further drives the demand for plastic films and sheets in packaging applications.

Changing dietary habits, including increased preference for processed foods, are likely to supplement the demand for plastic films and sheets. Furthermore, market players also produce various types of plastics based on user requirements and food perishability. Some countries have imposed strict regulations on the use of plastic films and sheets. There are a number of government and non-government organizations in the UK and US involved in supporting a ban on the use of plastic in both packaging and non-packaging industries. In the United States, several governmental and non-governmental organizations are also involved in campaigns to prevent the use of plastic sheets and films in organic product packaging.

Plastic Films & Sheets market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Plastic Films & Sheets market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

The global Plastic Films & Sheets market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Industry News and Key Developments:

• In December 2021, Amcor announced the opening of its state-of-the-art healthcare packaging plant in Singapore. This dedicated healthcare packaging facility will help the company address the growing demand for healthcare packaging throughout the Asia Pacific region.
  
• In October 2021, Berry Global announced plans to expand its food packaging manufacturing operations in North America. This will feature an investment of more than $110 million to expand its proprietary polypropylene thermoforming capabilities to manufacture packaging solutions for quick-service restaurants, cafeterias, and other foodservice markets.
• In April 2020, SABIC launched a non-chlorinated and non-brominated opaque sheet under its LEXAN brand. The film aims to provide antibacterial, hygienic and tactile wall covering solutions for hospitals and public facilities.
• In January 2019, Amcor successfully completed the acquisition of Bemis Company Inc. This acquisition will bring additional scale and capabilities and help strengthen Amcor's presence.

Top Key Players included in the Plastic Films & Sheets Market are
Toray Industries, Inc., Novolex,Amcor plc, British Polythene Ltd., DuPont de Nemours, UFlex Ltd. , SABIC,Plastic Film Corporation of America, Toyobo Co., Ltd., Berry Global, Inc., Sealed Air, Dow and others

The Plastic Films & Sheets market research report is categorized based on type, applications and region.

On the Basis of Type:

• LLDPE
• LDPE
• HDPE
• BOPP
• CPP
• PVC
• PES
• PA
• Others

On the Basis of Application:

      Packaging:

• Food
• Consumer goods
• Medical
• Others

      Non-packaging:

• Construction
• Healthcare
• Agriculture
• Others

On the Basis of Region:

Geographically, the global Plastic Films & Sheets market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Plastic Films & Sheets region is dominating this market in the upcoming future.

Asia Pacific was the largest regional market in 2021 and accounted for the highest share of more than 40.00% of the global revenue. The region is projected to expand further at the fastest CAGR retaining its leading position over the forecast period. This growth can be attributed to the rapidly expanding food and pharmaceutical industries in developing economies, such as India and China. China, India, and Southeast Asia are expected to be the primary growth markets in the APAC region. The growing manufacturing sector shall drive the product demand in the construction, packaging, and electrical & electronics industries. In the recent past, China and India have witnessed an increase in automotive production because of technology transfer to the sector from western markets.

China, Taiwan, and South Korea have a well-established electrical & electronics manufacturing base, which shall provide further impetus for the growth of the market. India, on the other hand, has a strong chemical industry, which strengthened its plastic production. Growing economies, rapid urbanization, burgeoning manufacturing ecosphere, and increasing infrastructural activities are supporting the growth of the regional market. Countries, such as India, China, Vietnam, Indonesia, and the Philippines, are witnessing rapid GDP growth and offer a lucrative opportunity for plastic marketers.

Europe was the second-largest region in 2021. Packaging was the largest application segment in Europe regional sector in 2021. The declining growth of the pharmaceutical industry in Germany, France, and Italy because of shifting manufacturing bases to areas with low manufacturing costs is expected to affect plastic sheets and films in packaging applications. However, increasing R&D expenditure on the pharmaceutical industry in Europe is expected to indirectly fuel product demand over the coming years. In addition, the growing personal care products industry in Germany, the U.K., France, and Italy is expected to have a positive impact over the forecast period.

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Plastic Films & Sheets Market report scope

Report Attributes	Details
Growth Rate	CAGR of Plastic Films & Sheets Market % during the forecast period.
By Type	LDPE/LLDPEPAPVCBOPP
By Application	Packaging, Construction, Healthcare, Agriculture
By Companies	Toray Industries, Inc., Novolex,Amcor plc, British Polythene Ltd., DuPont de Nemours, UFlex Ltd. , SABIC,Plastic Film Corporation of America, Toyobo Co., Ltd., Berry Global, Inc., Sealed Air, Dow and others
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

The major key questions addressed through this innovative research report:

What are the major challenges in front of the global Plastic Films & Sheets market?

Who are the key vendors of the global Plastic Films & Sheets market?

What are the leading key industries of the global Plastic Films & Sheets market?

Which factors are responsible for driving the global Plastic Films & Sheets market?

What are the key outcomes of SWOT and Porter’s five analysis?

What are the major key strategies for enhancing global opportunities?

What are the different effective sales patterns?

What will be the global market size in the forecast period?

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