Global Packaging Film Market 2015-2019
About Packaging Film
Packaging films are used in the packaging of F&B, pharmaceuticals, chemicals, and consumer products. Generally, packaging films are made of plastic as it is non-corrosive, light, relatively cheap, and can be molded into a variety of shapes and dimensions, making it a material of choice for packaging. Its inert nature and ability to preserve products for a long period of time makes it a popular choice for packaging in the F&B industry. Plastic packaging film is also preferred by customers in the F&B industry because of its aesthetic appeal, which aids in promotions. It is used by other industries as well for the packaging of various products such as pharmaceutical products, automotive parts, industrial goods, and other consumer goods. The various types of materials used in the manufacture of packaging films are LDPE, HDPE, LLDPE, CPP, BOPP, BOPET, polyamide, PVC, PVDC, cellulosic, PVOH, and EVOH.
TechNavio's analysts forecast the Global Packaging Film market to grow at a CAGR of 6.75 percent over the period 2014-2019.
Covered in this Report
The Global Packaging Film market can be segmented based on the types of materials and end-users.
TechNavio's report, Global Packaging Film Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, North America, Europe, and the ROW; it also covers the Global Packaging Film market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Packaging Film Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Packaging Film Market: Amcor Ltd., Bemis Co. Inc., E. I. du Pont de Nemours and Co., Sealed Air Corp. and Sonoco Products Co.
Other Prominent Vendors in the market are: AEP Industries, ALPLA-Werke, Ampac, APPE, Berry Plastics, Britton Group, Charter Nex Films, Daibochi Plastic, DS Smith, Exopack, Graphic Packaging, Hilex, Innovia Films, Jindal Poly Films, LINPAC Group, Man Luen, Printpack, Rexam, Reynolds Group, RPC Group, Sigma Plastic, Silgan, Taghleef Industries, Uflex and Wipak.
Commenting on the report, an analyst from TechNavio’s team said: “One key trend upcoming in this market is the usage of green plastic packaging. Growing environmental concerns and a rise in disposable income have increased the demand for biodegradable plastic films. Green plastics are mainly biodegradable, which are easily decomposed by microorganisms, thereby reducing the toxic effect they have on the environment compared to conventional plastics.”
According to the report, one of the main factors driving the market is the growing importance of packaging across the globe. Increased spending power coupled with consumers' growing requirements has pushed the growth of the Global Packaging market. Companies use attractive packaging and innovative designs in advertising and marketing campaigns.
Further, the report states that one of the main challenges that the market faces is growing competition from other types of packaging materials. Materials such as wood and paper are gaining popularity among manufacturers and customers because of the various options they provide. The F&B industry prefers using paper substitutes.
Amcor, Bemis, DuPont, Sealed Air, Sonoco, AEP Industries, ALPLA-Werke, Ampac, APPE, Berry Plastics, Britton Group, Charter Nex Films, Daibochi Plastic , DS Smith, Exopack, Graphic Packaging, Hilex, Innovia Films, Jindal Poly Films, LINPAC Group, ManLuen , Printpack, Rexam, Reynolds Group, RPC Group, Sigma Plastic, Silgan, Taghleef Industries, Uflex , Wipak
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