Plastic films and sheets are manufactured from different materials which include HDPE, BOPP, CPP, and BOPET, polystyrene, polyamide, polycarbonate, PLA, EVOH, LDPE, LLDPE and others. The major raw material used for producing these materials is polyethylene, however recently polypropylene is gaining the demand. The plastic films and sheets have applications in the packaging and non-packaging sector. In packaging sector it has applications in food packaging, pharmaceuticals and personal care products. In non-packaging sector it has application in agriculture, consumer goods, construction and medical.
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The plastic films and sheets market is mainly driven by its food packaging applications. Increasing population and disposable income of the middle class are the major factors to increase the demand in food packaging. Availability and prices of the raw materials are the factors hampering the growth of this market. However, bio-based films and specialty films are the opportunities for the plastic films and sheets market. Medical and pharmaceutical packaging is expected to show higher demand in coming years across the globe.
The emerging and growing economies such as China, India, Brazil, Poland, Turkey, and Mexico are the largest consumers of the plastic films and sheets. Increase in the disposable income of consumers in these economies is expected to fuel the growth of the market in the next few years. Food packaging and healthcare packaging are the two major applications which are anticipated to drive the market in these regions. Developed economies such as North America and Europe are at matured stage. However, demand from specialty films in the construction market and pharmaceutical applications in non packaging sector is another vital parameter which is expected to be drive the market in next five years.
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The plastic films and sheets market is fragmented with few multinational chemical companies dominating the market which has presence across the value chain. Small players from China and other developing economies have changed the dynamics of the market.
The key players include DuPont Teijin Films, Amcor Ltd., Jindal Poly Films, AEP Industries, Berry Plastic Corporation, British Polythene Industries Plc, Toyobo Co. Ltd., Toray Industries, Inc. and amongst others.
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