DUBLIN--(BUSINESS WIRE )--The "Global Plastic Films and Sheets Market Size, Share & Trends Analysis Report by Product (PA, PVC, BOPP, LDPE/LLDPE, HDPE, CPP), by Application (Packaging, Non-packaging), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global plastic films and sheets market size is expected to reach USD 196.23 billion by 2030. It is projected to expand at a CAGR of 5.5%
Increasing demand for plastic films from the agricultural sector is a key driver for the industry. In the agricultural sector plastic sheets are mostly used in the construction of greenhouses, low tunnel covers, mulching, and walk-in tunnels.
HDPE sheets are also witnessing extensive application in the agricultural sector. These films are equipped with multiple rows containing several holes, which assists in better growth and development of plants. They are lightweight, highly durable, weather-, corrosion-, & binding-resistant, and waterproof.
In the food and beverage industry, the demand for processed food is further boosting the usage of plastic films & sheets in packaging applications. The rapid growth of the food & beverage industry in countries, such as China, India, Indonesia, and Malaysia, is anticipated to boost the product demand over the projected period.
Changing food habits and increasing preference for processed foods are likely to supplement the product demand. Moreover, market players are also engaged in manufacturing various types of plastics as per the usage requirements and perishability of food. Eco-friendly plastics are gaining popularity across several application industries. Cellulose diacetate, Poly Lactic Acid (PLA), and RPET are the major types of eco-friendly plastics.
Cellulose diacetate comprises a cellulose base, which is an organic compound. It contains 90% of cotton and the remaining 40% of wood. It is considered safe for food packaging applications and possesses a high moisture transition rate, which allows products to remain fresh for longer.
Stringent regulations on the use of plastic films and sheets have been imposed in several countries, which is going to hamper the market growth over the forecast period. Numerous economies, including Bangladesh, Cambodia, Hong Kong, India, Indonesia, Malaysia, and Taiwan, have imposed additional taxes on the utilization of plastic films in packaging.
In the U.S., several governmental, as well as non-governmental organizations, are also involved in discouraging the usage of plastic sheets and films in packaging organic produce.
Plastic Films And Sheets Market Report Highlights
Chapter 3 Plastic Films & Sheets Market Variables, Trends, and Scope
3.2 Years considered in the study
3.3 Penetration and growth prospect mapping
3.5 Plastic films and sheets market dynamics
3.5.2 Rising demand from application industries
3.5.3 Increasing prominence of eco-friendly and water soluble films
3.6 Plastic Films & Sheets Market - Porter's analysis
3.7 Plastic Films & Sheets Market - PESTEL analysis
Chapter 4 Plastic Films & Sheets Market: Product Estimates & Trend Analysis
4.1 Product movement analysis & market share, 2021 & 2030
4.2.1 Market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
4.2.2 Market estimates and forecasts, by region, 2019 - 2030 (Kilotons) (USD Million
4.6 High Density Polyethylene (HDPE) Sheet
Chapter 5 Plastic Films & Sheets Market: Application Estimates & Trend Analysis
5.1 Application movement analysis & market share, 2021 & 2030
5.2.1 Market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
5.2.2 Market estimates and forecasts in packaging, by region, 2019 - 2030 (Kilotons) (USD Million)
5.3.1 Market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
5.3.2 Market estimates and forecasts in non-packaging, by region, 2019 - 2030 (Kilotons) (USD Million)
Chapter 6 Plastic Films & Sheets Market: Regional Estimates & Trend Analysis
6.1 Regional movement analysis & market share, 2021 & 2030
6.1.1 Global plastic films & sheets market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.1.2 Global plastic films & sheets market estimates and forecasts, by region, 2019 - 2030 (Kilotons) (USD Million)
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900