The report "Packaging Film Market - By Application (Food, Medical & Pharmaceutical, Consumer Product, Industrial, & Others) & Type (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, PVC, Polyamide, EVOH, Cellulose, PLA PVDC, PVOH & Others) - Global Trends & Forecast to 2018", defines and segments the global packaging film market with analysis and forecasting of the global revenue and consumption. The Packaging film market consumption will grow from an estimated 51.2 million MT in 2013 to 63.79 million MT by 2018, with a CAGR of 4.5% from 2013 to 2018.
The increasing demand for packaged food and pharmaceutical products in growing economies such as China, India, Turkey, Poland, Brazil, and Mexico is driving the global market for packaging film. Packaging film has been commercialized and used in packaging of food products, pharmaceutical and medical products, consumer products, industrial products, and others. Food packaging is the largest consumer of packaging film followed by pharmaceutical and medical packaging. However, pharmaceutical and medical packaging applications are expected to offer the highest growth during the next five years.
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The global Packaging Film market is fragmented and regions such as North America and Europe are in matured stage. However, Asia-Pacific market shows huge potential to grow in this market. The rising disposable income of the middle-class in India and China is expected to drive the packaging film market in the coming decade. The top companies in the Packaging Film business include AEP Industries (U.S.), Amcor Ltd. (Australia), Bemis Company (U.S.), DuPont Teijin Films (U.S.), Jindal Poly Films (India), and Sealed Air Corporation (U.S.). Packaging film industry is going through consolidation activities and inorganic expansion was the preferred growth strategy adopted by the leading players.
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The report identifies various sources of Packaging Film production along with their respective market shares. Polyethylene is identified as the key material for packaging film production. However, biaxially oriented polypropylene (BOPP) is gaining popularity as raw material. Materials such as, EVOH, PLA, PVDC, PHOV, and Polyamide are used to manufacture specialty films. In matured markets such as North America and Europe, specialty films demand is growing at a faster rate than conventional resin-based films. It also focuses on market share analysis, and market metrics such as drivers, restraints, opportunities, and winning imperatives.
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