Europe Plastic Packaging Films Market Size (2024 - 2029)

Europe Plastic Packaging Films Market Analysis

The Europe Plastic Packaging Films Market size in terms of shipment volume is expected to grow from 7.70 Million tonnes in 2024 to 8.77 Million tonnes by 2029, at a CAGR of 2.62% during the forecast period (2024-2029).

• Plastic films play a crucial role in personal care product packaging, enhancing shelf life, preventing breakage, and preserving active ingredients, often eliminating the need for extra preservatives. European manufacturers are at the forefront, developing advanced high-barrier films that offer oxygen, moisture, and scent protection for their packaged goods. These high-barrier films are essential in maintaining the quality and efficacy of products, ensuring they reach consumers in optimal condition.
• The European plastic film market is poised to witness a dominance of food packaging applications. This shift is primarily attributed to the rising trend of downgauging, which has facilitated the move from rigid to flexible packaging. The surge in demand for barrier films is a direct response to the increasing appetite for fresh produce, including meat, fruits, vegetables, and seafood. Retailers, manufacturers, and consumers are all pushing for extended product shelf life and reduced packaging waste, further fueling this demand. The packaging segment dominated Europe's demand for plastics converters, capturing a significant 39% share.
• Due to its diverse physical properties, polyethylene (PE) is the most prevalent plastic material. Its widespread adoption can be attributed to its cost-efficiency in production, which sets it apart from other plastics. Polyethylene boasts the lowest softening point among primary packaging plastics, leading to energy savings. In the flexible packaging sector, LDPE, HDPE, and LLDPE emerge as the go-to variants of polyethylene.
• In March 2024, the Council of the European Union and the European Parliament concluded negotiations on the European Union’s Packaging and Packaging Waste Regulation. This legislation establishes ambitious waste reduction targets, requiring all EU-sold packaging to be recyclable and prominently labeled for recycling. It also enforces smaller packaging sizes, mandates minimum recycled content for plastic packaging, sets reusability goals, and bans specific packaging formats. These stringent measures present a notable challenge to the European plastics sector. The regulation aims to significantly reduce environmental impact and promote a circular economy within the European Union, encouraging innovation and sustainability in packaging design and materials.
• Over the next five to ten years, European plastic recycling is poised for a significant surge, driven by mounting pressure from regulators and a more environmentally conscious consumer base. Governments and major brands are continually refining targets to reduce waste and enhance the circularity of the plastic value chain. While many European recyclers have long aimed for these goals, their success has been modest. This is despite efforts from chemical industry players to expand recycling access, adopt cutting-edge technologies, and ramp up sustainability initiatives.
• Manufacturers across various regions are heavily investing in R&D and expanding their facilities to develop new products. This includes integrating recycling activities into their product development strategies. 
• For instance, Berry Global Group Inc.'s Flexibles division, a critical player in a pan-European initiative, bolstered the recycling capabilities in three European facilities in March 2024. This move is a strategic step in its broader project to scale up the production of its Sustane line of recycled polymers. The initiative is primed to cater to the surging market appetite for top-tier films crafted from recycled materials by tapping into the company's extensive global network for recycled plastics.

Europe Plastic Packaging Films Industry Segmentation

Plastic films are versatile, serving to wrap products, overwrap various packaging types (from individual packs to palletized loads), create sachets, bags, and pouches, and are often part of laminates, where they are combined with other plastics and materials for packaging. The report also delves into the demand for these converted packaging films, analyzing them across essential resin and application categories. This broad scope mirrors the diverse needs of the market and the shifting preferences of consumers and businesses.

The European plastic packaging films market is segmented by type (polypropylene {biaxially oriented polypropylene [BOPP] and cast polypropylene [CPP]}, polyethylene {low-density polyethylene [LDPE] and linear low-density polyethylene [LLDPE]}, polyethylene terephthalate {biaxially oriented polyethylene terephthalate [BOPET]}, polystyrene, bio-based, and PVC, EVOH, PETG, and other film types), end-user industry (food [candy and confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products [seasonings and spices, spreadables, sauces, condiments, etc. ]), healthcare, personal care and home care, industrial packaging, and other end-user industries), and country (France, Germany, Italy, United Kingdom, Spain, Poland, Nordic, and Rest of Europe). The market sizes and forecasts are provided in terms of volume (tonnes) for all the above segments.