Plastic Film Market in the US 2015-2019
About plastic films
Plastic films are used for packaging chemicals, consumer goods, F&B, and pharmaceutical products. These films are lightweight, non-corrosive, relatively cheap, and can be molded into various shapes, making them highly applicable for packaging. Their inert nature and ability to preserve products for a long period make them a popular choice in the F&B industry. They are also used by other industries for packaging of products, such as automotive parts, industrial goods, pharmaceutical products, and other consumer goods. The various materials used in the manufacturing of packaging films are BoPET, BOPP, cellulosic, CPP, EVOH, HDPE, LDPE, LLDPE, PVC, PVDC, PVOH, and polyamide.
Technavio's analysts forecast the plastic films market in the US to grow at a CAGR of 16.65% during 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the plastic films market in the US for 2015-2019. The market can be divided into the following segments:
Technavio Announces the Publication of its Research Report – Plastic Films Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Plastic Films Market in the US: AEP industries, Amcor, Bemis, Berry Plastics, Jindal Poly Films and Printpack
Other Prominent Vendors in the market are: Allied Plastics, ALPLA-Werke, Ampac, APPE, Britton Group, Charter Nex Films, Daibochi Plastic, DS Smith, Exopack, GP Plastics, Graphic Packaging, International Precision Components, King Plastics, Northeast Packaging Company and Tegrant Alloyd Brands
Commenting on the report, an analyst from Technavio’s team said: “Biodegradable plastic films are easily decomposed by microorganisms. They have a significantly less harmful effect on the environment than conventional plastics. They are not necessarily entirely made from renewable materials; many are made from petrochemicals with biodegradable additives. The adoption of these materials, such as polyvinyl alcohol, polyanhydrides, and polylactic acid, by plastic film manufacturers will reduce the market shares of conventional plastic manufacturers. With environment compliance regulations worldwide becoming more stringent, vendors will be forced to in order to avoid paying significant penalties.”
According to the report, demand for blister packs has been increasing in the pharmaceutical industry in the US. The growing incidence of diseases, the aging population, concern for health and wellness, and changing consumer lifestyles have increased the need for pharmaceuticals, which has in turn led to high demand for blister packaging. The implementation of FDA regulations, which require that all prescribed pharmaceuticals dispensed in hospitals and nursing homes be packaged in unit-dose formats with barcodes to reduce dispensing errors, has increased the sales of blister packs over the years. Demand for contact lenses in blister packs has increased tremendously in recent years.
Further, the report states that stringent rules and rising environment issues will lead to a decline in the usage of the plastic films during the forecast period.
AEP industries, Amcor, Bemis, Berry Plastics, Jindal Poly Films, Printpack, Allied Plastics, ALPLA-Werke, Ampac, APPE, Britton Group, Charter Nex Films, Daibochi Plastic, DS Smith, Exopack, GP Plastics, Graphic Packaging, International Precision Components, King Plastics, Northeast Packaging Company,Tegrant Alloyd Brands