The global plastic films and sheets market size is expected to reach USD 193.15 billion by 2030, according to a new study by Polaris Market Research. The report “Plastic Films and Sheets Market Share, Size, Trends, Industry Analysis Report, By End-Use (Packaging, Agriculture, Automotive, Construction, Electronics, Healthcare, Others); By Type; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Plastic films & sheets are widely used in the packaging sector. Increasing use in food, pharmaceutical & medical, consumer products, other packaging applications, such as personal care, and home care packaging supports the growth of this segment.
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Economic growth and strengthening food and beverage and healthcare industries sector in developing economies is expected to offer growth opportunities during the forecast period. The demand for plastic films and sheets is expected to increase from the automotive, agriculture, and construction sectors during the forecast period.
The type segment has been divided into high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), medium-density polyethylene (MDPE), polyamide/nylon, polycarbonate (PC), and others.
Polycarbonate sheets are widely used in the construction sector for glazing, roofing, and wall panels among others owing to its high design flexibility and ability to be moulded into complex shapes. Increased development of public infrastructure, greater adoption of energy efficient buildings, strengthening construction industry supports the growth of this segment.
The packaging sector dominated the global market in 2021. Rise in demand for consumer goods and food & beverages has increased the demand for plastic films and sheets. Rise in population, increasing application in packaging of electronics, and development of technologically advanced and cost-effective packaging solutions by industry players further boost the growth.
Growing demand for plastic films & sheets from emerging economies and increasing adoption of e-commerce platforms are factors expected to further contribute to the growth of this segment in the coming years.
The demand from Asia-Pacific is expected to increase during the forecast period. Greater demand from emerging countries, growth in the automotive sector, and rise in construction and development activities in the region boosts the growth in this region. Rising urbanization, technological advancements, and increasing application in agriculture and healthcare sectors are factors expected to offer growth opportunities during the forecast period.
Plastic Films and Sheets Market Report Highlights
Polaris Market Research has segmented the plastic films and sheets market report based on type, end-use, and region:
Plastic Films and Sheets, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Plastic Films and Sheets, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Plastic Films and Sheets, Regional Outlook (Revenue - USD Billion, 2018 - 2030)