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US Plastic Film

Publisher Freedonia Group
Published Jan 31, 2023
Length 380 Pages
SKU # FG17603656

Description

Plastic Film

US demand for plastic film is expected to rise 1.3% yearly to 18.7 billion pounds, valued at $32.5 billion, in 2026. Gains will be driven by:
  • continued recovery in manufacturing activity following declines in 2019 and 2020, the latter due to the COVID-19 pandemic
  • ongoing gains in e-commerce, which are boosting sales of flexible packaging, tapes, and labels that use plastic film, as well as stretch and shrink film used for pallet unitization
  • continuing replacement of rigid packaging with flexible varieties, which offer source reduction, lightweighting properties, and lower shipping costs
  • development of novel plastic film formulations that have better barrier properties and durability, or are more easily recycled
E-Commerce Boost Demand for Plastic Film in Secondary/Tertiary Packaging, Tapes, & Labels

Secondary and tertiary packaging is expected to account for the largest absolute gains of any plastic film market, boosted by the continued expansion of e-commerce as a retail channel. Secondary and tertiary packaging applications such as stretch and shrink film are essential to the fulfillment of online orders via their use in pallet unitization, where plastic film offers convenience and a level of package protection at a lower cost than some materials.

Rapidly rising e-commerce sales will also support demand for tapes and labels, most notably pressure sensitive labels, which are used extensively for shipping, warehousing, and returns for online retailers.

Sustainability Concerns Will Support the Rapid Growth of Biobased Plastic Films

Sustainability concerns have impacted the plastic film market in the US, with governmental regulations and consumer sentiment prompting a shift away from some single-use plastic products and increasing the interest in environmentally friendly packaging. Biobased plastic film will benefit from these trends, growing at a rapid rate going forward. Although it will continue to account for a small portion of plastic film demand, biobased resin will increase its share of the market, bolstered by lower prices, improved formulations, and state and local government bans and restrictions on single-use plastic bags, of which types that employ biobased resins are typically exempt.

This Freedonia industry study analyzes the 17.5 billion pound US plastic film industry. It presents historical demand data (2011, 2016, and 2021) and forecasts (2026 and 2031) by applications (food packaging, nonfood packaging, secondary packaging, nonpackaging applications) and resin (polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate,low volume films (polystyrene, bio-based film, polyvinylidene chloride, ethylene vinyl alcohol, all other plastic films)). The study also evaluates company market share and competitive analysis on industry competitors including Amcor, Berry Global, Inteplast, Sealed Air, and Sigma Plastics.

Table of Contents

380 Pages
    • Figure 1-1.Plastic Film Market,2021
    • Overview
    • Impact on the Economy
    • Impact on the Packaging Industry
    • Impact on the Plastic Film Industry
    • Study Scope
    • Historical Market Patterns
    • Film Demand by Market
    • Film Demand by Resin
    • Pricing Trends & Raw Material Costs
    • Packaging Industry Outlook
    • Packaging Format & Product Mix
    • Growth of E-Commerce
    • Regulations
    • Film Technology & Innovation
    • Competition from Paper Alternatives
    • Coextruded & Multilayer Film Trends
    • Consumer Preferences
    • What is Sustainability?
    • Importance of Recycling
    • Source Reduction & Waste Disposal
    • Biodegradability
    • Compostability
    • Development of Biobased Raw Materials
    • Food Waste Concerns
    • Retailer & Product Manufacturer Initiatives
    • Demand by Food Application
    • Meat, Poultry & Seafood Packaging
    • Baked Goods Packaging
    • Snack Food Packaging
    • Fresh Produce Packaging
    • Dairy Packaging
    • Candy & Confection Packaging
    • Frozen Food Packaging
    • Grain Mill Packaging
    • Beverage Packaging
    • Other Food Packaging
    • Nonfood Packaging Film Demand by Application
    • Pharmaceutical Packaging
    • Rack & Counter Packaging
    • Paper & Textile Product Packaging
    • Medical Product Packaging
    • Agricultural & Horticultural Packaging
    • Pet Food Packaging
    • Chemical Packaging
    • Other Nonfood Packaging Film
    • Secondary & Tertiary Packaging Film Demand by Application
    • Stretch Film
    • Shrink Film
    • Retail Bags
    • Industrial Liners
    • Other Secondary Packaging
    • Nonpackaging Film Demand by Application
    • Trash/Garbage Bags & Can Liners
    • Tapes & Labels
    • Hygiene Products & Nonwovens
    • Household Food Wrap & Bags
    • Agricultural Film
    • Construction & Industrial Film
    • Other Nonpackaging Film
    • Polyethylene Film Demand by Resin
    • Linear Low Density Polyethylene (LLDPE)
    • Low Density Polyethylene (LDPE)
    • High Density Polyethylene (HDPE)
    • Key Suppliers
    • Polypropylene
    • Polyvinyl Chloride (PVC)
    • Polyethylene Terephthalate (PET)
    • Low Volume Films
    • Key Findings & Industry Composition
    • Market Share
    • Mergers & Acquisitions
    • List of Industry Participants
    • Report Details
    • Definitions
    • Abbreviations
    • Freedonia Methodology
    • Study-Specific Methodology
    • Data Changes from Previous Version
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Macroeconomic Assumptions
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