Bio-based films and specialty films present rising opportunities for the plastic films and sheets market to rise over the years

Plastic films and sheets market is expected to grow over the next six years due to the increase in the global packaging and non packaging market. In the packaging sector, plastics are used in food, pharmaceutical, industrial, personal care and other applications. Presently, plastic films are being used extensively in flexible packaging. In the non packaging sector, plastic films and sheets are used in agriculture, consumer goods, construction and medical & health care. The food packaging industry is the key driver for the plastic film and sheets market.

Asia Pacific dominated the global plastic films and sheets market in terms of volume and revenue over the past few years due to the emergence of manufacturing hub in the region. Improving economic conditions in the region has led to a rise in disposable income of consumers in such economies which is expected to fuel packaging market growth over the forecast period. Economies such as North America and Europe are expected to witness sluggish growth in the plastic films & sheets market due to the economic maturity of these regions. However, demand of specialty plastic films in non-packaging segments such as automotive and construction industry is expected to drive the plastic films and sheet markets in the future.

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Increasing application of plastic films and sheets in the food packaging and agricultural industries and untapped Asia Pacific market is anticipated to be contributing factors for new opportunities in this market for investors. Innovations such as biaxially-oriented polypropylene (BOPP) in place of the standard polyethylene variant indicate growing opportunities in the plastics films and sheets market due to higher penetration. 

The plastic films and sheets industry growth is restrained mainly due to factors such as availability and price of raw materials and threat of substitutes such as glass and metal for the same applications. However, bio-based films and specialty films present emerging opportunities for the plastic films market to rise over the years. 

Leading players of the plastic films and sheets industry include Bemis Co Inc, DuPont Tenjin Films, Polyplex Ltd, Sigma Plastics Group, AEP Industries, Inteplast Group, Berry Plastic Corporation, Jindal Poly Films, British Polythene Industries Plc, Toray Industries, Sealed Air Corp, Glad Products Co, Amcor Ltd and Toyobo Co Ltd.

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