Friday, April 8th, 2016 - WiseGuyReports

WiseGuyReports.com adds“Plastic Films Global Market Analysis to 2016 & Forecast to 2020”reports to its database. We can offer you discount on this report.

This market research study presents a detailed segmentation of the global plastic films market by materials (PE, BOPP, and BOPET) and by geography (APAC, Europe, North America, and ROW). The key leading vendors identified in the market are AEP Industries, Amcor, Berry Plastics, British Polythene Industries, and Jindal Poly Films.

Outlook of the plastics film market 
Technavio’s market research analysts have predicted the global plastic films market to grow steadily at a CAGR of more than 5% over the forecast period. Rapid growth in the processed food industry is one of the key factors driving the growth of this market in the coming years. Changes in lifestyle have a led to an augmented demand for convenient and fast food items, thereby driving the packaged food industry. The packaging of a product plays an eminent role in the life cycle of a product, and processed foods require flexible packaging material that is not only convenient for the consumers but also protects the product. Therefore, packaging manufacturers are increasingly focussing on developing innovative packaging films to the tap the growing processed foods market, thereby driving the plastic films market in the coming years.

In this industry research report, the analysts have estimated factors such as the increasing use of biodegradable films to bolster the growth prospects of this market during the predicted period. Since green plastics are biodegradable and are easily decomposed by microorganisms, they are preferred over conventional plastics. These biodegradable plastics are not entirely made from renewable materials but also comprise biodegradable additives. With stringent environmental regulation being imposed around the world, the vendors are likely to substitute conventional plastics with green plastics such as polyvinyl alcohol, polyanhydrides, and polylactic acid. Therefore, the increasing adoption of green, biodegradable plastics by plastic packaging manufacturers will impel this market’s growth until the end of 2020.

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Segmentation by material and analysis of the plastic films market 
-Polyethylene (PE) 
-Biaxially oriented polypropylene (BOPP) 
-Biaxially oriented polyethylene terephthalate (BOPET) 
During 2015, the polyethylene (PE) segment dominated the global plastic films market and accounted for more than 71% of the market share. The increasing consumption of food and beverage products, household care products, and rising demand for plastic as a packaging material are some of the factors driving this segment's growth. Moreover, PET is used in the manufacture of various grades of plastic bags and films, used for industrial and consumer purposes, thereby spurring this market segment’s growth prospects until the end of 2020.

Geographical segmentation and analysis of the plastic films market 
-APAC 
-Europe 
-North America 
-ROW 
The plastics market in APAC dominated the global plastic films market and accounted for a market share of more than 36% during 2015. Factors such as rapid urbanization and high disposable income in APAC has lead to a sharp increase in consumer spending. The high purchasing power of consumers and a busy lifestyle causes consumers to be more inclined toward buying packaged food products, which will fuel the growth of the plastic films market in APAC.

Competitive landscape and key vendors 
The global plastic films market is very competitive and also highly fragmented due to the presence of several international and regional vendors. The local vendors have raised the bar by offering innovative solutions at a lower price than most international players. The vendors compete on the basis of innovation, price, quality and performance, and range of offerings.

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Key vendors in the market are -

-AEP Industries 
-Amcor 
-Berry Plastics 
-British Polythene Industries (BPI) 
-Jindal Poly Films 
Other vendors in the market include Achilles USA, Balcan Plastic, Bemis, Clopay Plastics, Eurofilm Mantzaris, Gunze, Inteplast Group, National Plastic Film Company, SABIC Innovative Plastics, Taghleef, Toray Industries, Toyobo, Tredegar, and Vibac Group.

Key questions answered in the report include 
-What will the market size and the growth rate be in 2020? 
-What are the key factors driving the global plastic films market? 
-What are the key market trends impacting the growth of the global plastic films market? 
-What are the challenges to market growth? 
-Who are the key vendors in the global plastic films market? 
-What are the market opportunities and threats faced by the vendors in the global plastic films market? 
-Trending factors influencing the market shares of APAC, Europe, North America, and ROW. 
-What are the key outcomes of the five forces analysis of the global plastic films market?

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For more information or any query mail at [email protected]

 

 

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Keywords

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