Published by Jessica Weisman-Pitts
Posted on February 28, 2025
The plastic film market across the globe is expected to experience high growth, with a valuation of US$ 95.6 billion in 2024 and a growth forecast to US$ 149.9 billion by 2034. This growth is largely fueled by the diverse uses of plastic films in multiple industries, such as packaging, construction, agriculture, electronics, and healthcare. The market is likely to register a constant Compound Annual Growth Rate (CAGR) of 4.6% throughout the forecast period.
The global plastic film market is set for significant growth, driven by the rising demand for degradable plastic films. Several factors are expected to contribute to this expansion, including technological advancements in decorative laminates that are transforming industry standards. Additionally, the increasing preference for plastic as a versatile alternative to traditional materials like glass and metal is further fuelling market demand.
The packaging sector continues to be the largest consumer of plastic films with a market share of about 76.4% in 2024. Plastic films' inherent characteristics of versatility, strength, and affordability make them unavoidable in packaging use in industries such as food and beverage, pharmaceuticals, personal care, and consumer goods. E-commerce has further increased the demand for protective packaging materials, and plastic films provide light-weight materials that ensure cost savings in shipping and product protection.
Consumer tastes are trending towards convenience and on-the-go packaging, creating demand for single-serve and portable packaging. Plastic films address these requirements because they are lightweight and help maintain product integrity. Moreover, rigorous food safety and hygiene regulations have driven the use of plastic films with enhanced barrier properties to safeguard perishable items.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=9459
In addition to packaging, plastic films are increasingly finding applications in construction and agriculture. Within construction, plastic films are used as protective coverings and moisture barriers, whereas in agriculture, they are applied for greenhouse coverings and mulch films. The adaptability and protective capabilities of plastic films render them beneficial in these wide-ranging applications.
Regional Highlights:
Material Segmentation:
Industry Applications:
Plastic film use in packaging is well-established, but plastic films are used in other industries as well:
Get Customization on this Report for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=S&rep_id=9459
Key Players in the Plastic Films Market:
The global plastic films industry is dominated by leading corporations that drive innovation and industry growth. Major players include The Dow Chemical Company, DuPont, Eastman Chemical Company, Evonik Industries AG, Amcor Limited, Berry Plastics Corporation, Griffon Corporation Inc., Mitsubishi Chemical Holdings Corporation, Honeywell International Inc., and Saudi Basic Industries Corporation. These companies play a crucial role in advancing plastic film technologies, enhancing material properties, and meeting the growing demand for sustainable and high-performance packaging solutions.
Recent Trends in the Plastic Film Industry:
The plastic film industry is seeing strategic efforts towards sustainability and innovation:
All these developments are a testament to the industry reacting to heightened environmental consciousness and demand for green packaging solutions.
Check out More Related Studies Published by Fact.MR:
The global sludge treatment chemicals market is projected to grow at a 4.4% CAGR from 2022 to 2032, increasing from US$ 5.03 billion in 2021 to US$ 8.02 billion by 2032.
The global dimethyluracil market is estimated to be valued at US$ 76.3 million in 2023 and grow at a CAGR of 5.1% over the forecast period from 2023-2033.
The global spray polyurea elastomers market was valued at USD 707.2 million in 2024 and expand at a CAGR of 4.1% to end up at USD 1,100 million by 2035.
The global sodium lignosulfonate market is expected to grow at a 3.5% CAGR from 2023 to 2033, reaching US$ 535 million by 2033, up from US$ 377 million in 2023.
The global zeolite market is set to grow at a 6% CAGR, reaching US$ 28.6 billion by 2034 from US$ 16 billion in 2024.
The global calcium peroxide market reached US$ 1.9 billion in 2021 and is projected to grow at a 3.4% CAGR from 2022 to 2032.
The global performance knitted fabrics market, driven by athleisure demand, is set to reach US$ 3.8 billion by 2023, growing at a 6.1% CAGR due to rising sports apparel usage.
The global coupling agents market was valued at US$ 603.4 million in 2024 and will expand at a noteworthy CAGR of 5.5% to end up at US$ 1,030.6 million by 2034.
Explore more articles in the Research Reports category
