MarketsandMarkets

MarketsandMarkets

November 21, 2013 09:30 ET

Packaging Film Market Consumption is Expected to Reach 63.8 Million MT by 2018

DALLAS, TEXAS--(Marketwired - Nov. 21, 2013) - The report "Packaging Film Market - By Application (Food, Medical & Pharmaceutical, Consumer Product, Industrial, & Others) & Type (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, PVC, Polyamide, EVOH, Cellulose, PLA PVDC, PVOH & Others) - Global Trends & Forecast to 2018", defines and segments the global Packaging Film Market with analysis and forecasting of the global revenue and consumption.

The Packaging Film Market consumption will grow from an estimated 51.2 million MT in 2013 to 63.79 million MT by 2018, with a CAGR of 4.5% from 2013 to 2018.

Browse 80 Market Data Tables and 49 Figures spread through 221 Pages and in-depth TOC on "Packaging Film Market" Forecast to 2018.

http://www.marketsandmarkets.com/Market-Reports/packaging-film-market-1283.html

Early buyers will receive 10% customization on reports.

The increasing demand for packaged food and pharmaceutical products in growing economies such as China, India, Turkey, Poland, Brazil, and Mexico is driving the global market for packaging film. The global Packaging Film Market is fragmented and regions such as North America and Europe are in matured stage. However, Asia-Pacific market shows huge potential to grow in this market. The rising disposable income of the middle-class in India and China is expected to drive the Packaging Film Market in the coming decade.

Top Companies in the Packaging Film business include AEP Industries (U.S.), Amcor Ltd. (Australia), Bemis Company (U.S.), DuPont Teijin Films (U.S.), Jindal Poly Films (India), and Sealed Air Corporation (U.S.). Packaging film industry is going through consolidation activities and inorganic expansion was the preferred growth strategy adopted by the leading players.

Polyethylene is identified as the key material for packaging film production. However, biaxially oriented polypropylene (BOPP) is gaining popularity as raw material. Materials such as, EVOH, PLA, PVDC, PHOV, and Polyamide are used to manufacture specialty films. In matured markets such as North America and Europe, specialty films demand is growing at a faster rate than conventional resin-based films. It also focuses on market share analysis, and market metrics such as drivers, restraints, opportunities, and winning imperatives.

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