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Global Market Study on Plastic Films: Europe
Expected to Gain Significant Market Share during
2016-2024
R e s e a r c h
Report Media Releases
Global Plastic Films Market to Reach a Valuation of US$
110.49 Bn by 2024; Increasing Demand for PET, PVC, and
PP Decorative Laminates Across the Globe Likely to Fuel
Revenue Growth
In a new report titled “Plastic Films Market: Global Industry Analysis and Forecast, 2016 - 2024”,
Persistence Market Research analyzes the performance of the global plastic films market over
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an eight-year period and provides insights on the key factors and trends likely to influence the
market during the forecast period (2016 – 2024). The global plastic films market is estimated to
represent absolute $ opportunity of US$ 3,150.3 Mn in 2016 over 2015 and is projected to
register a healthy CAGR of 6.1% in terms of value during the forecast period.
Increasing demand for plastic films as substitutes for glass and metal is expected to be a key
factor driving the growth of the global plastic films market. Moreover, plastic films are cheaper in
terms of packaging, decoration, and industrial applications as compared to glass and metal
packaging options. These factors are expected to fuel revenue growth of the global plastic films
market over the forecast period. Growth of the global plastic films market is expected to increase
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significantly due to a high demand for hygienic and flexible food packaging materials. Increasing
environmental concerns among consumers and shifting preference towards more eco-friendly
products are other factors expected to boost the growth of the global plastic films market during
the forecast period.
The global plastic films market is segmented on the basis of Product Type (PET, PVC, PP, PE,
and Others (PS, PA, EVA, etc.)); Application (Packaging (Food Container, Blister Packs, Electric
& Electronic purposes, Others), Decoration (Solid colors, Others), Industrial (Construction
materials, Safety materials, Advertisement lighting)); and Region (North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa).
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The PET product type segment is estimated to account for the highest value share of 29.6% by
the end of 2016 and is expected to gain significant market share by the end of 2026. The PET
segment is estimated to be valued at US$ 20,393.5 Mn by the end of 2016 and is anticipated to
Global Plastic Films Market 2016-2024
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register the highest CAGR during the forecast period. Recyclable and sustainable properties of
PET are factors expected to drive global demand for PET plastic films over the forecast period.
In terms of volume consumption, the PP segment is expected to contribute a comparatively
higher share to the overall global plastic films market.
The Packaging application segment is estimated to account for the highest value share of 48.0%
by the end of 2016 and is expected to gain significant market share by the end of 2026. In terms
of volume consumption, the Packaging segment is expected to contribute the highest share to
the overall global plastic films market during the forecast period The Decoration application
segment is estimated to be valued at US$ 12,023.1 Mn by the end of 2016. The Decoration
segment is expected to register a comparatively higher CAGR during the forecast period. In
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terms of value and volume, the Others (wood grain patterns) segment is expected to dominate
the global plastic films market over the forecast period.
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http://www.persistencemarketresearch.com/market-research/plastic-films-market/toc
Among regions, Europe is anticipated to register a CAGR of 6.7% in terms of value over the
forecast period and is estimated to account for 29.2% volume share by 2016 end. The APAC
market is estimated to represent incremental opportunity of US$ 10.17 Bn between 2016 and
2024.
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The global plastic films market report profiles some of the leading companies operating in the
global plastic films market and gives information on their long-term and short-term strategies as
well as market performance. Companies featured in the report are The Dow Chemical Company,
DuPont, Eastman Chemical Company, Evonik Industries AG, Amcor Limited, Berry Plastics
Corporation, Griffon Corporation Inc., Mitsubishi Chemical Holdings Corporation, Saudi Basic
Industries Corporation (SABIC), and Honeywell International Inc. Top companies dominating the
global plastic films market are focusing on offering innovative, customer-centric products and are
looking to expand their presence in different regional markets through strategic mergers and
acquisitions. Some of these companies are investing in R&D initiatives for the development of
new technologies to cater to the rising demand for high quality plastic films.
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Global Plastic Films Market 2016-2024
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Global Plastic Films Market 2016-2024