The Global Plastic Films Market 2016-2020 is a new research report added to SandlerResearch.org. One trend that is expected to fuel the growth of the global plastic films market is the emergence of green plastics. Green plastics are mainly biodegradable and are easily decomposed by microorganisms, thereby reducing the toxic effect they have on the environment compared to conventional plastics. They are not necessarily completely made from renewable materials but are plastics made from petrochemicals with biodegradable additives.
Complete report on plastic film market spread across 67 pages, analyzing 5 major companies and provides 37 data exhibits is now available at http://www.sandlerresearch.org/global-plastic-films-market-2016-2020.html .
The analysts forecast the global plastic film market to grow at a CAGR of 5.31% during the period 2016-2020. According to the report, rapid urbanization and increased health awareness are the main factors driving the growth of the healthcare industry. An increase in per capita income has elevated the purchasing power of people worldwide, which has had a major positive impact on the global healthcare market.
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.
Order a copy of Global Plastic Films Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=53044 .
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.
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.
Main players in the Global Plastic Films Market are Amcor, AEP Industries, Berry Plastic, British Polythene Industries, and Jindal Poly Films. Other Prominent Vendors in the market are: 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.
Further, the report states that there is increased competition for plastic films in the market because of the presence of various substitute forms of packaging materials, such as paper and aluminum foil. In industrial applications, aluminum is preferred over plastic because of its absolute chemically inert and heat-resistive properties, which might hinder the growth of the global plastic films market.
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