Global Plastic Films and Sheets Market: Overview
The two primary raw materials used in the production of plastic films and sheets are polyethylene and polypropylene. Among the two, while polyethylene has enjoyed a robust demand so far, polypropylene is giving it stiff competition threatening to pare the former’s market share in the near future. The different product types are PA, LLDPE, HDPE, LDPE, CPP, BOPP, PVC, and PES. The plastic films and sheets are used in both packaging and non-packaging sector. In packaging sector they are used for packaging food, personal care, and pharmaceuticals products. In the non-packaging sector they are used in construction, agriculture, medical, and consumer goods.
The global market for plastic films and sheets is dominated by a handful of multinational chemical companies present across the value chain. Emergence of smaller regional players across various developing economies such as China, however, is fast reshaping the competitive landscape.
Global Plastic Films and Sheets Market: Trends and Opportunities
The soaring popularity of plastics and polymers is mainly driven by their ability to segue into any design unlike other raw materials, including metals and glass. Besides, they can be manufactured at a comparatively reduced cost. This has helped the global market for plastic films and sheet to a significant extent. Another factor driving the market is the increasing demand for oriented films. The robust demand for packaged food products from highly populated emerging economies is also majorly contributing to the global market for plastic films and sheets. Emergence of environment-friendly bioplastic films together with the growing usage of plastic films in agriculture has resulted in the growth of the market in developing nations.
The pharmaceutical packaging market has also been at the forefront of driving demand. Maximum growth in demand in the upcoming years is expected to result from pre-fillable syringes and inhalers, vials, medication tubes, labels, and accessories. The easy availability of substitutes such as glass and metal is, however, a deterrent to the growth in the market. Further, regulations against usage of non-biodegradable plastics is another deterrent.
Global Plastic Films and Sheets Market: Regional Outlook
The global market for plastic films and sheets can be classified geographically into the following regions: Europe, North America, Asia Pacific, and the Rest of the World. The markets in the developed continents of Europe and North America have already reached a mature stage, and are hence seeing a slow growth rate. However, increasing demand from specialty films in the construction market and pharmaceutical applications in non-packaging sector would likely infuse demand in the foreseeable future.
Asia Pacific powered by China and India is expected to be an engine for growth in the global market for plastic films and sheets. Besides Asia Pacific, other emerging economies in the Rest of the World are Brazil, Poland, Mexico, and Turkey, and Mexico are also generating solid demand. Increase in the disposable income of consumers in these economies is expected to drive the market in the near future. Food packaging and healthcare packaging are the two main applications which are expected to result in maximum growth.
Companies Mentioned in the Report
Some of the prominent names in the global market for plastic films and sheets are DuPont Teijin Films, Jindal Poly Films, AEP Industries, Amcor Ltd., British Polythene Industries Plc, Berry Plastic Corporation, Toyobo Co. Ltd., and Toray Industries, Inc.
The global plastic film and sheets market is segmented as:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.