What is the Historical Analysis of the Plastic Films & Sheets Market Size?
The plastic films & sheets market has seen considerable growth due to a variety of factors.
• The size of the plastic films & sheets market has seen significant growth over recent years. Its growth is expected to continue, increasing from $87.33 billion in 2024 to $92.76 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.2%.
The driving factors behind this outstanding growth during the historic period include the expansion in packaging and labeling industries, an increase in food and beverage packaging, higher demand for flexible and durable materials, advancement in the production of high-barrier films, and amplified usage in agriculture and greenhouse applications.
What is the Forecasted Growth of the Plastic Films & Sheets Market Size?
The plastic films & sheets market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for plastic films and sheets is predicted to experience significant growth in the coming years, escalating to $122.11 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%.
This growth during the forecast period can be ascribed to elements such as the use of sustainable and recyclable plastic films, the rise in e-commerce and shipping, tailored film solutions for distinct packaging requirements, the demand for compostable and biodegradable films, progression in electronics and displays, incorporation in photovoltaic and renewable energy systems, and their elevated role in healthcare and medical packaging. Noteworthy trends expected in the forecast period include the emergence of advanced nanocomposite plastic films, regulatory adherence to plastic film safety, intelligent and RFID-enabled plastic packaging, antimicrobial and anti-fogging plastic films, and partnerships between film and material science.
What Are The Primary Growth Drivers In The Plastic Films & Sheets Market?
The advancement of the plastics industry is anticipated to spur the growth of the plastic films and sheets market. The plastics industry encompasses businesses that focus on producing materials known as plastics, utilising a lightweight, flexible, mouldable chemical compound. These plastic films and sheets provide multiple benefits to the plastic industry, including lighter components for manufacturing, improved packaging solutions, strength, durability and additional features applicable to a range of sectors such as automotive, food and beverage, construction, electronics, healthcare and more. For instance, a March 2022 article by the American Mold Builders Association - an organization devoted solely to the U.S mold manufacturing industry - reported a 7.1% increase in plastic production, with expectations of a 4.5% annual growth rate. Hence, the plastics industry's growth is fueling the expansion of the plastic film and sheet market.
What Is The Segmentation Of The Global Plastic Films & Sheets Market?
The plastic films & sheets market covered in this report is segmented –
1) By Type: Polypropylene, Polyethylene, Polyvinyl Chloride, Rubber, Other Type
2) By Application: Food Packaging, Stretch Film, Shrink Film, Heavy Duty Bags, Film on Reel, Other Applications
3) By End Use: Automotive, Aerospace and Aviation, Packaging, Food and Beverages, Building and Construction, Healthcare, Printing, Agriculture, Other End-Users
Subsegments:
1) By Polypropylene (PP): Biaxially Oriented Polypropylene (BOPP), Cast Polypropylene (CPP), Polypropylene Homopolymer Films
2) By Polyethylene (PE): Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE)
3) By Polyvinyl Chloride (PVC): Flexible PVC Films, Rigid PVC Sheets, PVC Coated Films
4) By Rubber: Natural Rubber Films, Synthetic Rubber Films, Rubber Coated Sheets
5) By Other Types: Polystyrene Films, Polycarbonate Sheets, Polyethylene Terephthalate (PET) Films
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What Emerging Trends Are Shaping The Plastic Films & Sheets Market Landscape?
Prominent businesses involved in the plastic films and sheets industry are channeling their efforts into pioneering technology to cater to specialized needs and strengthen their standing in the market. For instance, in April 2023, Daetwyler Holding, a company specializing in industrial machinery manufacturing based in Switzerland, introduced the UltraShield fluoropolymer film coating technology alongside film and spray fluoropolymer coating techniques designed for injectable medication elastomeric closures. UltraShield has been designed with specific chemical and operational characteristics that allow secure preservation of pharmaceuticals at ultra-low temperatures, reaching up to -80°C. It is also harmonized with existing solvent-based pharmaceutical excipients. It is a product of Datwyler's FirstLine philosophy, incorporating advanced clean room technology, automated manufacturing facilities, comprehensive auto camera inspections, and a unique washing process.
Who Are the Key Players in the Plastic Films & Sheets Market?
Major companies operating in the plastic films & sheets market include:
• Amcor Inc.
• Berry Plastic Inc.
• Saudi Basic Industries Corporation (SABIC)
• Toray Industries Inc.
• Sealed Air Corporation
• UFlex Limited
• Toyobo Co Ltd
• Jindal Poly Films Limited
• Dupont Teijin Films Limited
• Taghleef Industries LLC
• Bemis Manufacturing Company
• Novolex Com
• British Polythene Industries PLC.
• Oben Holding Group S.A.C
• CCL Industries Inc.
• Mitsubishi Chemical Corporation
• RKW Group
• Plastic Film Corporation
• AEP Industries Inc.
• Transcendia Inc.
• Placon Corporation
• Glenroy Inc.
• Ampac Holdings LLC
• API Group
• Davis-Standard LLC
• Inteplast Group
• Bixby International Corporation
• Coveris
• Flex Films (USA) Inc.
• Raven Industries Inc.
What are the Regional Insights into the Plastic Films & Sheets Market?
Asia-Pacific was the largest region in the plastic films and sheets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic films & sheets market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
