Press release
Plastic Films and Sheet Market worth US$ 195.5 Billion 2029 with a CAGR of 5.5%
Plastic Films and Sheet Market
𝗧𝗼 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗺𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁, 𝗰𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲:
https://www.prophecymarketinsights.com/market_insight/Global-Plastic-Films-and-Sheet-502
Key Market Insights from the report:
The global plastic films and sheet market accounted for US$ 121.1 billion in 2020 and is projected to register a moderate CAGR of 5.5% over the forecast period. The market report has been segmented on the basis of product type, application, and region.
By product type, the low-density polyethylene (LDPE) is segment accounted for major revenue share in 2018, owing to its properties of low-density polyethylene such as chemical resistant, moisture resistant, higher tensile strength, and low cost.
By application, the packaging segment is accounted for major revenue share in 2018 due to growing demand for packed food and consumer goods is anticipated to augment market growth. In addition, rising demand for flexible packaging in food industry is expected to drive market growth.
By region, Asia pacific plastic films and sheet market accounted for major revenue share of the global plastic films and sheet market and is further anticipated to maintain its dominance over the forecast period. This is attributed to Presence of well established plastic films and sheets industries in the country in the region. Rapid urbanization, increasing infrastructure development activities in developing economies, particularly in countries such as India, China, and Indonesia are some major factors expected to support growth of the Asia Pacific market over the forecast period. The market in North America is expected to account for second-highest revenue share in 2018.
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The prominent player operating in the global plastic films and sheet market includes Amcor Limited, Toray Industries, Inc., Berry Global, Inc., Bemis Company, Inc., Saudi Basic Industries Corporation, Jindal Poly Films Ltd., Plastic Film Corporation of America, Toyobo Co., Ltd., Sealed Air Corporation, and AEP Industries Inc.
key the opportunities plastic films and sheets market :
Packaging Industry Growth:
The packaging industry is a major consumer of plastic films and sheets, and its continual expansion, driven by e-commerce, food and beverage, and healthcare sectors, offers significant opportunities. Innovations in flexible and sustainable packaging solutions contribute to increased demand.
Sustainable and Recyclable Materials:
Growing environmental concerns have led to a surge in demand for sustainable and recyclable packaging materials. Opportunities exist for manufacturers in the plastic films and sheets sector to develop eco-friendly alternatives that align with circular economy principles.
Advanced Agricultural Films:
Agricultural films, including greenhouse covers and mulching films, play a crucial role in modern farming practices. Opportunities arise for the development of advanced films that enhance crop yield, protect against pests, and contribute to sustainable agriculture.
Technological Advancements:
Ongoing advancements in materials science and manufacturing technologies present opportunities to create films and sheets with improved properties such as enhanced barrier performance, mechanical strength, and optical clarity.
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https://www.prophecymarketinsights.com/market_insight/Cloud-Infrastructure-in-Chemical-Market-5142
https://www.prophecymarketinsights.com/market_insight/Polysilicon-Market-5096
https://www.prophecymarketinsights.com/market_insight/Emulsion-Polymers-Market-5073
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