Global Packaging Film Market: Overview 

Packaging films are thin plastic layers that are used to protect, preserve, market, and distribute various food items. These films provide excellent protection against loss of nutrition, color, aroma, and taste of the food materials. As a result of these benefits, the global packaging film market is expected to witness a substantial growth in the forecast period of 2018 to 2026. 

The fact that these films are resistant towards the actions of microorganisms is also one of the key factor that is influencing the growth of global packaging film market over the period of time. Also, the versatility of these films in packaging various food items such as dry foods, liquids and semi-solid foods materials, meat, cheese, and snack items is a prominent factor that is promoting the growth of global packaging film market from 2018 to 2026. 

Transparency Market Research report provides an in-depth analysis of global packaging films market. It enlightens various facets such as key growth factors, notable developments, current trends, regional analysis that are influencing the dynamics of global packaging film market in the forecast period. 

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Global Packaging Film Market: Notable Developments 

The global packaging film market is highly fragmented and is influenced by the activities of various prominent market players. In recent years, the industry has witnessed many merger and acquisitions. These strategies were part of brand expansion and helped the businesses to gain an edge over their rivals. 

  • In May 2019 a merger between Bemis Company Inc. and Amcor Ltd. took place. The merger was completed on 12th June 2019 with a clearance from U.S. Department of Justice. It was a strategic step by both the businesses that allowed them to reduce the customer churn and improved customer retention rate. 
  • In February 2018, Clopay Plastic Product Company, Inc. was acquired by Berry Global from griffin Corporation for US$475 mn. The acquisition allowed Berry Global enhance the production capacity in order to cater the rising demand for food packaging materials. 

Some of the major player of the global packaging film market are Novolex, AEP Industries Inc., Dupont Teijin Films, RKW SE, and Bemis Company, Inc. (Amcor Limited). 

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Global Packaging Film Market: Key Drivers 

As a result of rising awareness regarding the nutrition value of food and items and concerns to preserve the nutrition of the food is expected to boost the growth of global packaging film market in the forecast period of 2018 to 2026. The packaging film improves the shelf life of the food items that enhances the reusability if the food products. This is yet another factor that is promoting the growth of global packaging film market. With the arrival of biodegradable packaging films, the environmental concerns are also taken under consideration. These products preserve the food item for a long time without affecting the environment. This all in whole drives the growth of global packaging film market in the forecast period of 2018 to 2026. 

Also, changing lifestyle and growth in the working population across various region of the world, the demand for ready-to-eat food items has raises to next level. As a result of this genre of food materials, the global packaging film market is expected to witness a robust growth in the forecast period. 

Global Packaging Film Market: Regional Analysis 

Asia Pacific is likely to dominate other regions of packaging film market. The dominance of the region is attributed to growing disposable income of the people in the region. The changing lifestyle of the people in the region is also a key parameter that is supporting the growth of packaging film market in the region. Also, the rising demand of the packaged food and pharmaceutical products in the region is one of the major factor that is promoting the growth of packaging film market in the projected tenure of 2018 to 2026.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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Packaging Film Market

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