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SOURCE Research and Markets
DUBLIN, April 17, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/643rhs/plastic_films_and) has announced the addition of the "Plastic Films & Plastic Sheets Market by Application & Type - Global Trends & Forecasts to 2018" report to their offering.
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Plastic films and sheets are integral parts of society today. With rising global population and disposable income, plastic films and sheets are finding increasing applications in packaging as well as in non-Packaging sector globally. In packaging, plastic films and sheets are used in food, pharmaceuticals, personal care, industrial and other applications. Food packaging is the key driver for plastic films and sheets in packaging sector. In modern days, plastic films are extensively used in flexible packaging. In non-packaging, plastic films and sheets find application in agriculture, construction, medical and health care, consumer goods, and others.
Asia-pacific is the key market for plastic films and sheets with more than 30% of global market share. Rising middle class in China and India is the major driving force for the industry. However, developed regions such as North America and Europe are experiencing slow growth in the sector. However, specialty films and biodegradable films are slowly gaining in importance in such developed economies.
Different materials used for the manufacture of plastic films and sheets include LDPE, LLDPE, HDPE, BOPP, CPP, BOPET, Polyamide, polystyrene, polycarbonate, EVOH, PLA and other specialty and high barrier films. PE is the most preferred material for the production of films and sheets. In agriculture, LDPE and LLDPE films are used significantly. However, in packaging applications bi-axially oriented polypropylene film is gaining market share over PE films.
Ever increasing application of plastic films & sheets in food packaging and agricultural applications, and untapped Asia-Pacific market is presenting good outlook for this industry. Even though polyethylene is used as a key material for plastic films and sheets production, polypropylene is slowly becoming the preferred choice especially in the packaging application. Specifically, BOPP films market is growing at a significant rate during the recent years. In non-packaging, agriculture industry posts good opportunity for the plastic film and sheets market.
Geographically, Asia-Pacific is expected to lead the market during the next five years. China and India are the two most growing nations in terms of plastic films and sheets consumption. In developed nations, demand for conventional plastic films is growing at a slow pace. However, specialty and high barrier films are gaining importance in these regions.
The global market was estimated at $112.4 billion in 2012, and expected to grow at a CAGR of 4.4% from 2013 to 2018. Food packaging is the key application area for the plastic films and sheets sales in food packaging market is expected to grow at 5.2% from 2013 to 2018.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Plastic Films & Sheets Production, By Raw Material
6 Plastic Films & Sheets Market, By Application
7 Plastic Films & Sheets Market, By Geography
8 Competitive Landscape
9 Company Profile
For more information visit http://www.researchandmarkets.com/research/643rhs/plastic_films_and
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