Packaging Film Market Analysis By Packaging Materials (Polypropylene, Polyethylene, Polyester, PVC, Others) By Application (Medical & pharmaceutical packaging, Industrial packaging, Food and Beverage packaging, Consumer products packaging, Others) & Forecast By 2033
- PUBLISHED ON
- 2023-06-06
- NO OF PAGES
- 278
- CATEGORY
- Packaging
Packaging Film Market size was valued at USD 114,100 million in 2022 and is projected to reach USD 183,491 million by 2033, growing at a CAGR of 6.5% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 114,100 million |
Market Forecast in 2033 | USD 183,491 million |
CAGR % 2023-2033 | 6.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Dow Chemical Company; DuPont de Nemours, Inc.; Amcor plc; Sealed Air Corporation; Berry Global Group, Inc.; Mitsubishi Chemical Corporation; Jindal Poly Films Ltd.; Toray Industries, Inc.; Uflex Ltd.; Bemis Company, Inc. |
Packaging Film Market- Description
The packaging film market refers to the industry that produces and supplies various types of films used in packaging applications. These films are typically made from materials such as polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polyvinyl chloride (PVC), and others. Packaging films play a crucial role in protecting products during storage, transportation, and distribution, while also providing branding and visual appeal. There is a growing demand for sustainable packaging solutions due to increasing environmental concerns. As a result, manufacturers are focusing on developing biodegradable, compostable, and recyclable films. These films help reduce plastic waste and offer eco-friendly alternatives to traditional packaging materials. Flexible packaging, which includes pouches, bags, and wraps, continues to gain popularity in various industries such as food and beverage, pharmaceuticals, and personal care. Packaging films provide excellent barrier properties, extending the shelf life of products and maintaining their freshness. The flexibility of films also allows for innovative packaging designs and convenient features like resealable closures. With the rise of e-commerce and global trade, there is a need for films with advanced barrier properties to protect products from moisture, oxygen, light, and other external factors. High-performance barrier films, such as metallized films and coated films, are being developed to ensure optimal product protection and shelf stability.
Global Packaging Film market: Key Trends
• Smart packaging films
The integration of technology into packaging is a growing trend. Smart packaging films incorporate features like RFID tags, temperature sensors, and indicators for freshness or tampering. These films enable better product traceability, enhance safety, and provide interactive experiences for consumers. As companies strive to reduce packaging costs and transportation expenses, lightweight films are gaining popularity. Lightweight films consume fewer resources, reduce shipping weights, and offer cost savings. Thin films with improved strength and performance characteristics are being developed to meet these demands.
• Branding and visual appeal
Packaging films are not only functional but also serve as a marketing tool for brand recognition. Films with high printability and enhanced graphics capabilities are in demand. Additionally, films with unique textures, finishes, and optical effects are being utilized to create visually appealing packaging designs that attract consumers' attention. In light of recent health concerns, antimicrobial packaging films have gained prominence. These films incorporate antimicrobial agents that help inhibit the growth of bacteria and provide an additional layer of protection for perishable and hygiene-sensitive products.
Packaging Film Market- Geographical Analysis
North America is a prominent market for packaging films due to the high consumption of packaged goods, technological advancements, and a well-established retail sector. The United States and Canada are the major contributors to the packaging film market in this region. The demand for flexible packaging films, such as polyethylene films, is on the rise due to their lightweight, cost-effectiveness, and excellent barrier properties. Additionally, sustainable packaging solutions have gained traction in North America, with a growing emphasis on recyclability and reduced environmental impact. Europe holds a significant share in the global packaging film market. Countries such as Germany, the United Kingdom, France, and Italy are the major contributors to the market growth in this region. The stringent regulations and increasing consumer awareness regarding sustainable packaging have driven the demand for eco-friendly films, such as biodegradable and compostable films. Moreover, the adoption of flexible packaging solutions by various industries, including food and beverage, pharmaceuticals, and personal care, has further boosted the market growth in Europe.
The Asia Pacific region is a rapidly growing market for packaging films, primarily driven by countries like China, India, Japan, and South Korea. The region's increasing population, expanding middle class, and rapid urbanization have fueled the demand for packaged goods, thereby driving the packaging film market. Additionally, the growing e-commerce industry in countries like China and India has created significant opportunities for packaging film manufacturers. There is a shift from traditional packaging materials to flexible packaging films due to their advantages in terms of cost, convenience, and sustainability.
Packaging Film Market- Impact of COVID-19
The pandemic has resulted in changes in consumer behavior and preferences. With lockdowns and social distancing measures in place, there was a shift towards online shopping, e-commerce, and home deliveries. This led to increased demand for packaging materials, including films used for shipping and protecting products. Certain sectors, such as food and pharmaceuticals, experienced increased demand during the pandemic, while others, such as non-essential retail and hospitality, faced significant declines. Packaging film manufacturers had to adjust their product mix accordingly to cater to the changing needs of different industries. The packaging industry had to adopt new health and safety protocols to protect workers and ensure continuity in operations. This included implementing social distancing measures, providing personal protective equipment (PPE) to employees, and enhanced sanitization practices.
Global Packaging Film market: Segmental Analysis
Packaging Materials
• Polypropylene
• Polyethylene
• Polyester
• PVC
• Others
Application
• Medical & pharmaceutical packaging
• Industrial packaging
• Food and Beverage packaging
• Consumer products packaging
• Others
Global Packaging Film Market: Key Companies
• Dow Chemical Company
• DuPont de Nemours, Inc.
• Amcor plc
• Sealed Air Corporation
• Berry Global Group, Inc.
• Mitsubishi Chemical Corporation
• Jindal Poly Films Ltd.
• Toray Industries, Inc.
• Uflex Ltd.
• Bemis Company, Inc.
• Others
Global Packaging Film Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
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• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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