Plastic Films Sheets Market Size, Share, Growth, and Industry Analysis, By Type (LDPE/LLDPE, PA, PVC, BOPP and Others), By Downstream Industry (Packaging, Construction, Healthcare, Agriculture and Others), and Regional Forecast to 2032

Updated On: 11 November 2024

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PLASTIC FILMS SHEETS MARKET OVERVIEW

The Plastic Films Sheets Market Size was US$ 103548 Mn in 2023 and is projected to touch US$ 169097.11 Mn By 2032, Exhibiting a CAGR of 5.03% During the Forecast Period.

The Plastic Films Sheets Market includes the manufacture of thin elastic materials which is prepared from several polymers for instance Poly ethylene, Poly propylene, and PVC. These films & sheets are really helpful in various sectors such as packaging, agriculture & construction and other industrial uses. Market is propelled by increasing need of accessibility of flexible packaging, application in agriculture sector for mulch and greenhouse films and rising food & beverage sector need for longer shelf life. The benefits consist in relatively low weight, high durability, and easy further processing. Plastics produce major concerns of the global community, and the recent call for the recycled or biodegradable plastics in the market are pushing manufacturers to establish environment-friendly products.

GLOBAL CRISES IMPACTING PLASTIC FILMS SHEETS MARKET - COVID-19 IMPACT

"Outdoor projector market had a negative effect due to decline in demand during COVID-19 pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

As with all fields of the economy, the COVID-19 pandemic posed considerable threats to the development of the Plastic Films Sheets Market, especially at the beginning of the pandemic. Disruptions in supply chains placed issues on geography, temporary closedown of production facilities, and a reduction in industrial activities resulting to decrease production and sales. Many industrial segments such as automotive, construction, and electronics rely on plastic films and sheets, and due to the downturn in the mentioned segments their demand declined. Lastly, problems including transport difficulties and limited mobility also impacted the supply of raw materials and therefore also disrupted production plans. Even though the use of the plastic packaging reached record levels because of the higher e-commerce and medical requirements, these overall markets stagnated with numerous sectors significantly reducing their activities.

LATEST TREND

"Increased Demand for Biodegradable Plastic Films to Drive Market Growth"

One latest trend in the Plastic Films Sheets Market is the increase of the clients’ interest in biodegradable and ecologically friendly material. As the concept of environmental sustainability and greater regulatory measures against unnecessary utilization of plastics are being promoted, the producers of the packing films are gradually moving towards production of bio degradable films that have renewable sources of productions including starch, PLA and other biopolymers. An increasing number of such materials is being used, especially for packaging, as businesses want to meet consumers’ expectations as well as environmental legislation. It is believed that such trend will further spur innovation and trigger the change in the existing market with sustainability being a key factor.

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PLASTIC FILMS SHEETS MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into LDPE/LLDPE, PA, PVC, BOPP and Others.

• LDPE/LLDPE: These are tough and portable plastic films extensively used in packaging horticulture and acquired heat conservation features for shock resistance and water proofing.

• PA: PA films have good mechanical properties, high tensile and tear strength, and good resistance to puncture as seen in the use in the packing of foods that require barrier properties to keep off moisture.

• PVC: PVC films are flexible and can resist chemical and moisture content; typical uses include, construction, medical devices, and packaging.

• BOPP: BOPP films have capability of high tensile strength, transparency and high clarity that is considered superior in use in food packing, labelling and adhesive tapes owing to its excellent moisture barrier.

• Others: This category consists of specialty films including polyester (PET) and polycarbonate (PC) that has distinct characteristics for superior applications in electronics and other industries.

BY APPLICATION

Based on Industry Analysis, the global market can be categorized into Packaging, Construction, Healthcare, Agriculture and Others.

• Packaging: Plastic films and sheets are familiar products of the food, beverage, and industrial packaging since they are flexible, durable and help to preserve the products. Some of these include; polyethylene used in wrapping, sealing and protecting the commodities and polypropylene used in the same purposes.

• Construction: In construction, plastic films are used for vapour barriers, covers as well as insulation sheets; this makes construction structures to control moisture, be strong and energy efficient.

• Healthcare: Plastic films are employed in health care industry in medical packaging, sterilization wraps, protective films for healthcare instruments as it doesn’t interact with bacteria hence no contamination.

• Agriculture: In agricultural uses it is used in green houses covers, mulch films and silage wraps for the purpose of crop protection, growth and moisture.

• Others: This category comprises special applications specific to some branches of industries; for example, in electrical industry, plastic films can be used as an electrical insulating material while in textile industry, they used as protective and aesthetic covering layers.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Growing Demand for Flexible Packaging to Boost the Market"

A factor in the Plastic Films Sheets Market growth is the rising trend towards utilizing light weight and high durability packaging for protecting foods, beverages, and consumer goods. These materials afford superior protection, prolong products’ shelf life, and afford ease of customization; factors that can be attractive to manufacturers keen on improving their product aesthetics as well as minimizing shipping costs of bulky but lighter products. The growth in e-commerce has also increased the sales of flexible and protective packaging materials thereby expediting the market growth.

"Advancements in Agricultural Applications to Expand the Market"

Today plastics in agriculture industry are more popular as in green house applications as films, mulch films and silage wrapper. These films effectively moderate the temperature of the soil, enhance the capacity of the soil to hold water and shield the crops from adverse conditions that are necessary factors which enhance agricultural produce. With an increase in the concept of sustainable agriculture and food production technologies, the market for innovative plastic films required in agriculture is expected to raise manifold.

RESTRAINING FACTOR

"Lack of Demand for Plastic Films and Sheets due to Environment Pollution and Strict Laws Impede Market Growth"

A restraining factor in the Plastic Films Sheets Market is the environmental issues regarding the utilization of plastic films and sheets such as carbon footprint. Plastic products that are non-recyclable or which can only be recycled once have also received a lot of attention regarding concerns of land filling and marine pollution. Most countries are today coming up with strict measures and even banning of specific types of plastics compelling manufacturers to embrace sustainability. Nevertheless, the bio substances needed for production of biodegradable materials are expensive and the fact that most plastic films consist of multiple layers and recycling them can be a challenge. These are some of the regulatory pressures and environmental effects that are actually holding back the development of the traditional plastic films market.

OPPORTUNITY

"Increasing Adoption of Recyclable Plastic Films to Create Opportunity for the Product in the Market"

The change towards sustainability remains a major opportunity for the plastic films and sheets market with the rise of recycling of plastic films. This is because the world’s environmental laws are tightening, or customers are now demanding goods that are made from recyclable and reusable plastics. Further development of recycling techniques which include chemical recycling and mechanical recycling produces plastic films of good quality, strength and durability as those manufactured from virgin materials. This trend is a good opportunity for market players to invest on the increasing demand of circular economy solutions.

CHALLENGE

"Environmental Issues could be a Potential Challenge for Consumers"

Another major issue which currently confronts the plastic films and sheets market is the unfavourable attitude toward plastics and their negative impact on the environment. Single use plastics especially have negative impacts on the environment for example they take a long time to degrade and therefore are likely to finish up in landfills thus raising the eyes of governments and other environmental bodies. Hence, there are more rigid measures and outright banning of some plastics products in the world hence encouraging manufacturers to consider those that are readily recyclable or biodegradable. However, another problem of developing and adopting sustainable material use is the costs associated with doing so, which makes it difficult for market players; in addition, the slow rate at which consumers are willing to embrace sustainable materials acts as a significant hindrance.

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PLASTIC FILMS SHEETS MARKET REGIONAL INSIGHTS

• NORTH AMERICA (U.S. COMPULSORY)

North America is the largest consumer and manufacturer of plastic films and sheets because it has better manufacturing industry and concern with environmental issues. The region has high demand for plastic films within the packaging, agricultural and health care industries. Flexible packaging requires also have been enhanced by the growth of e-Commerce. Also, intense environmental standards are increasing pressure on the manufacturers to use recyclable and biodegradable films. The U. S. Plastic Films Sheets Market is leading in innovations such as bio-based plastic films, which will allow North America to enjoy continued growth but with an emphasis on the environmental consequence of the growing industrialization.

• EUROPE

Most of Europe’s Plastic Films Sheets Market share has been influenced by the strict environmental standards set by the European Union as well as promoting sustainability. And the major driving force in this movement, namely the European Union’s circular economy targets, has created the urgency for recyclable and biodegradable films among manufacturers. Thus, the packaging materials market is one of the main consumers of regions, particularly the food and beverage industry that needs sustainable packaging and products. Major markets such as Germany, France and the United Kingdom are ahead of the curve, with an increased focus towards bio based films. This position of Europe as a regulator makes it set the campaign for environmentally friendly solutions as well as retaining the places in the global market.

• ASIA

Asia is ideal for plastics and films particularly sheets because of the increasing industrialization and a growing agricultural base. Other nations like China, India and Japan have recorded a higher demand of plastic films in packaging and construction as well as in agriculture. Another factor is the large population of the region, coupled by constantly expanding e-commerce market which also requires large amounts of high-quality flexible packaging products. Food packaging is common in food industries while in the agricultural sector plastic films are used in crop covering and drip irrigation. Nonetheless, Asia has issues on the disposal and management of plastics and nowadays, the governments are pushing towards banning single use plastics and encouraging the use of plastics that can be biodegradable.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Key enterprise Players inside the Plastic Films Sheets Market consist of Amcor Plc which is well known for its sustainable packaging solutions; Sealed Air Corporation which offers packaging solutions for food protection; and Mitsubishi Chemical Corporation, is an end-to-end provider of plastic film packaging. Other market major market players are Toray Industries, Inc., Dupont Teijin Films and Dow Inc. These companies are actively investing in green technologies and are diversifying their product portfolio to cater to the rising demand starting from packaging, agriculture to the healthcare industries.

LIST OF TOP PLASTIC FILMS SHEETS COMPANIES

• Toray Industries (Japan)
• Saudi Basic Industries (Saudi Arabia)
• DuPont (U.S.)
• Novolex (U.S.)

KEY INDUSTRY DEVELOPMENT

In June 2024: Berry Global Group, Inc. introduced new plastic films under Endura brand that will be environmentally friendly. This new product line is aimed at production of high-quality and outstanding performing films which are produced from recycled products in response to the increasing market for green packaging. The Endura films are intended for the food, health care and industrial sectors as well as for (Berry Global circular economy).

REPORT COVERAGE

The Plastic Films Sheets Market undergo a long-term growth stimulated by the further development of various industries including packaging, agriculture, medical, and construction. The expansion of the usage of the internet for purchase and consumer tendencies for versatile, lightweight packaging also influences the increase of demand for the films; agriculture as a sector of using the films for protection of the crops and increasing the yields remains one of the leading factors. However, the environment issues evident in plastics wastes and tight regulations are instruments that are putting pressure on the market players in the direction of bio-degradable and recyclable films. People are now positioning their regions effectively such as regions of North America, Europe, and Asia among others, sustainable solutions innovation is revealed to be driving the whole process. As such, the major stakeholders in the industry are interested in embracing innovative technologies that enable them to develop materials that are both environmentally sustainable and efficient, and with reasonable costs. However, the market is expected to grow owing to increased technology and a rise in awareness in the importance of sustainable products.