Plastic Films Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Plastic Film Manufacturing Companies and the Market is Segmented by Film Type (PP Films, BOPET Films, PE Films, PVC Films, and Other Plastic Film Types), End-user Industry, and Geography. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

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Plastic Films Market Size

Plastic Film Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 68.35 Billion
Market Size (2029) USD 82.38 Billion
CAGR (2024 - 2029) 3.80 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Plastic Film Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Plastic Film Market with other markets in Packaging Industry

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Packaging Forms

Plastic Films Market Analysis

The Plastic Film Market size is estimated at USD 68.35 billion in 2024, and is expected to reach USD 82.38 billion by 2029, growing at a CAGR of 3.80% during the forecast period (2024-2029).

Data from a Harris Poll commissioned by Flexible Packaging indicates that 83% of brand owners presently use flexible packaging. This encourages the market to grow.

  • Over the past few years, the packaged food and beverage industry has seen substantial expansion on a global scale. The packaged food sector is being driven by several macro factors, including evolving lifestyles, an increase in the urban population, increased economic activity in emerging markets, and greater penetration of e-retail globally. Plastic films offer several advantages over other rigid packaging materials as they are lightweight, provide good barrier properties, and, most importantly, are recyclable and reusable.
  • Further, the steady demand for quick, healthy breakfast products is projected to increase the market growth of HDPE films. HDPE films have moisture barrier properties, making them suitable for packaging breakfast cereals, especially flakes. Additionally, with rising e-commerce, there is substantial growth for protective packaging, including plastic films, wraps, etc. This trend is expected to support the development of the market in the future.
  • However, the rising stringent regulations against plastic recyclability are expected to hinder market growth in the future. Substitutes available in the market can hamper the development of the market. There are numerous governmental as well as non-governmental organizations in the UK and the US that are engaged in supporting the ban on the use of plastic in packaging and non-packaging industries. In the US, several governmental and non-governmental organizations are also involved in discouraging the usage of plastic sheets and films in packaging organic produce.
  • Growth in the business is primarily driven by the growing scale of key application industries, such as food and beverage, pharmaceuticals, personal and household care, and the increasing penetration of organized e-retail globally.
  • The COVID-19 pandemic has led the industrial and manufacturing sectors into an unknown operating environment globally. Government restrictions on the number of people that can gather in one place severely impacted the sectors. For example, the manufacturing industry was highly hit by the impact of the virus. The production and factory operations in the automotive, metal processing, oil and gas, electronics, and aerospace industries were temporarily shut down during the lockdown period.
  • Most enterprises are dependent on China for raw material supply. Hence, supply chain disruptions also have had a significant impact on industrial output. The global economy had contracted due to the pandemic.

Plastic Films Market Trends

This section covers the major market trends shaping the Plastic Film Market according to our research experts:

High Demand from Various Industries Offers Growth Potential

  • Strong sealing strength, flexibility, and a vacuum finish are a few factors that have a beneficial impact on the growth of the plastic film industry. Additionally, researchers worldwide are developing new technologies that could lengthen the shelf life of packaged foods.
  • The food industry is the largest end-user of plastic films and has seen strong growth due to a rise in convenient packaging for ready-to-eat foods, snacks, frozen meals, and cake mixes. The market is witnessing a surge in demand for dairy products and confectionery. The manufacturers of packaged food are adopting novel packaging materials to enhance the shelf-life and boost the appeal of the food product.
  • Changing food habits, including the rising preference for processed food, will likely supplement the demand for plastic films and sheets. Moreover, market players are also engaged in manufacturing various types of plastics as per the user requirements and perishability of food. Stringent regulations on the use of plastic films and sheets have been imposed in several countries.
  • Furthermore, it may be assumed that the packaged food industry will prosper, given the sector's expansion in developing countries like India. For instance, the value of organic packaged food consumption in the United States was approximately USD 14.96 billion in 2016, and it is expected to reach USD 18.23 billion in 2019. That amount is anticipated to surpass USD 21 billion by 2022.
  • Furthermore, the industry is expanding due to the rising demand for plastic films in Europe. The pharmaceutical industry, which creates innovative medications and cures for patients all over Europe, is essential in Europe's fight against diseases. Due to advancements in science and technology, the sector is crucial to the economic expansion of Europe. The research-based pharmaceutical business is entering a fascinating new phase in developing medicines. These are some of the drivers that support the studied market's growth.
Plastic Film Market : Organic Packaged Food Consumption in the United States, USD Billion, 2018-2025

Asia- Pacific to Witness Fastest Growth

  • The Asia Pacific region is expected to witness the fastest growth because of the presence of two highly populated countries, i.e., China and India. In these two countries, the increase in disposable income will supplement the growth of industries such as food and beverages, pharmaceuticals, pet food, and cosmetics, which will help the plastic film market flourish.
  • With the growing demand for packaged food and the growth in plastic production, several consumers are opting for convenient packaging solutions, resulting in the growth of the plastic film packaging market. Additionally, the growing population and disposable income of the various consumers in the region have led to the development of the flexible packaging market in the area.
  • The food and pharmaceutical packaging sectors mainly drive the growth in the plastic film industry in Asia Pacific. The large and growing Indian middle class and the increase in organized retailing in the country are fuelling growth in the plastic packaging industry. Another factor that has provided substantial stimulus to the packaging industry is the rapid growth of exports, which require superior packaging standards for the international market. Therefore, all the above factors are expected to drive the market in the Asia-Pacific region.
  • The Asia-Pacific pharma industry is growing, primarily driven by rising awareness of healthcare in the current population and accessibility to modernized treatment regimens without border restrictions. The growing pharmaceutical industry is expected to support the plastic film market.
  • The APAC region has witnessed major venture capitalism and M&A amidst the pandemic, which is a highly positive sign of a prospect in healthcare deliveries across the region. Thus, pharmaceutical companies operating in Asia can best navigate opportunities for continued expansion.
Plastic Film Market : Growth Rate by Region

Plastic Films Industry Overview

The plastic film market is highly competitive in nature because of the presence of global players and unlicensed local units manufacturing low-grade plastic bags. Partnerships, mergers, and acquisitions are the prime growth strategies adopted by global players to sustain themselves in the market.

  • October 2022: Sukano partnered with chemicals manufacturer Emery Oleochemicals to develop a transparent PET antifogging compound for food contact PET packaging, aiming to combat the necessity of extra antifogging coatings. Designed for rigid and oriented Coex films, the material contains Sukano's co-polyester compound in one cap layer of a film extrusion line A/B structure and PET as a core layer.
  • June 2022: Innovia Films has launched RayoWrap CMS transparent BOPP film for shrink, wraparound label applications. Produced at its UK production facility, CMS30 provides high shrinkage. The technical performance of CMS30 means it performs at every stage of the value chain, from the ease of printing, through high-speed roll-fed wraparound labeling, to the all-important end-of-life and recycling of the packaging.

Plastic Films Market Leaders

  1. Amcor plc

  2. Berry Global, Inc

  3. Toray Advanced Film Co Ltd​

  4. Oben Holding Group​

  5. Taghleef Industries​

*Disclaimer: Major Players sorted in no particular order

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Plastic Films Market News

  • October 2022: Gulf Packaging Industries of Saudi Arabia is the largest producer of BOPP films in the Middle East. The company offers a portfolio of more than 100 film grades used in various applications such as labels, flexible packaging, and graphics arts. The company will promote its BOPP films for labels at Labelexpo India 2022 at booth N11, Hall 7. Gulf Packaging Industries will launch films for IML (in-mold labels) at the show.
  • October 2022: AJ Plast, a leading film producer headquartered in Bangkok, Thailand, and Bruckner Maschinenbau have one of the longest-lasting partnerships in the BO industry. Its latest 15th film production line was contracted from Bruckner and announced during the K exhibition in Dusseldorf. It is a 5-layer 10.4 meters wide BOPP line with a line speed of 600 meters per minute and an hourly output of 7.5 tonne.

Plastic Films Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHT

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Force Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Market Drivers
    • 4.4.1 High Demand from Various Industries Offers Potential Growth
    • 4.4.1.1 Growing Demand for Lightweight Packaging Solution
  • 4.5 Market Challenges
    • 4.5.1 Stringent Government Regulation

5. IMPACT OF COVID-19 ON THE PLASTIC FILMS INDUSTRY

6. MARKET SEGMENTATION

  • 6.1 PP Films Market
    • 6.1.1 By Type
    • 6.1.1.1 BOPP
    • 6.1.1.2 CPP
    • 6.1.2 By End-user Industry
    • 6.1.2.1 Food
    • 6.1.2.2 Beverage
    • 6.1.2.3 Pharmaceuticals
    • 6.1.2.4 Industrial
    • 6.1.2.5 Other End-user Industries
    • 6.1.3 By Geography
    • 6.1.3.1 North America
    • 6.1.3.1.1 United States
    • 6.1.3.1.2 Canada
    • 6.1.3.2 Europe
    • 6.1.3.2.1 United Kingdom
    • 6.1.3.2.2 Germany
    • 6.1.3.2.3 France
    • 6.1.3.2.4 Italy
    • 6.1.3.2.5 Spain
    • 6.1.3.2.6 Poland
    • 6.1.3.2.7 Benelux
    • 6.1.3.2.8 Rest of Europe
    • 6.1.3.3 Asia-Pacific
    • 6.1.3.3.1 China
    • 6.1.3.3.2 India
    • 6.1.3.3.3 Japan
    • 6.1.3.3.4 Rest of Asia-Pacific
    • 6.1.3.4 Latin America
    • 6.1.3.4.1 Brazil
    • 6.1.3.4.2 Argentina
    • 6.1.3.4.3 Mexico
    • 6.1.3.4.4 Rest of Latin America
    • 6.1.3.5 Middle East and Africa
  • 6.2 BOPET Films Market
    • 6.2.1 By Type
    • 6.2.1.1 Thin BOPET
    • 6.2.1.2 Thick BOPET
    • 6.2.2 By End-user Industry
    • 6.2.2.1 Packaging and Metallizing
    • 6.2.2.1.1 Food and Beverage
    • 6.2.2.1.2 Pharmaceuticals
    • 6.2.2.1.3 Personal Care
    • 6.2.2.1.4 Other End-user Industries
    • 6.2.3 By Geography
    • 6.2.3.1 North America
    • 6.2.3.1.1 United States
    • 6.2.3.1.2 Canada
    • 6.2.3.2 Europe
    • 6.2.3.2.1 United Kingdom
    • 6.2.3.2.2 Germany
    • 6.2.3.2.3 France
    • 6.2.3.2.4 Italy
    • 6.2.3.2.5 Spain
    • 6.2.3.2.6 Poland
    • 6.2.3.2.7 Rest of Europe
    • 6.2.3.3 Asia-Pacific
    • 6.2.3.3.1 China
    • 6.2.3.3.2 India
    • 6.2.3.3.3 Japan
    • 6.2.3.3.4 South Korea
    • 6.2.3.3.5 Thailand
    • 6.2.3.3.6 Indonesia
    • 6.2.3.3.7 Rest of Asia-Pacific
    • 6.2.3.4 Latin America
    • 6.2.3.5 Middle East and Africa
  • 6.3 PE Films Market
    • 6.3.1 By Material
    • 6.3.1.1 LDPE
    • 6.3.1.2 HDPE
    • 6.3.2 By End-user Industry
    • 6.3.2.1 Food
    • 6.3.2.2 Beverage
    • 6.3.2.3 Agriculture
    • 6.3.2.4 Construction
    • 6.3.2.5 Other End-user Industries
    • 6.3.3 By Geography
    • 6.3.3.1 North America
    • 6.3.3.1.1 United States
    • 6.3.3.1.2 Canada
    • 6.3.3.2 Europe
    • 6.3.3.2.1 United Kingdom
    • 6.3.3.2.2 Germany
    • 6.3.3.2.3 France
    • 6.3.3.2.4 Italy
    • 6.3.3.2.5 Spain
    • 6.3.3.2.6 Rest of Europe
    • 6.3.3.3 Asia-Pacific
    • 6.3.3.3.1 China
    • 6.3.3.3.2 India
    • 6.3.3.3.3 Japan
    • 6.3.3.3.4 South Korea
    • 6.3.3.3.5 Rest of Asia-Pacific
    • 6.3.3.4 Latin America
    • 6.3.3.5 Middle East and Africa
  • 6.4 PVC Films Market
    • 6.4.1 By End-user Industry
    • 6.4.1.1 Food and Beverage
    • 6.4.1.2 Pharmaceuticals
    • 6.4.1.3 Electrical/Electronics
    • 6.4.1.4 Other End-user Industries
    • 6.4.2 By Geography
    • 6.4.2.1 North America
    • 6.4.2.1.1 United States
    • 6.4.2.1.2 Canada
    • 6.4.2.2 Europe
    • 6.4.2.2.1 United Kingdom
    • 6.4.2.2.2 Germany
    • 6.4.2.2.3 France
    • 6.4.2.2.4 Rest of Europe
    • 6.4.2.3 Asia-Pacific
    • 6.4.2.3.1 China
    • 6.4.2.3.2 India
    • 6.4.2.3.3 Japan
    • 6.4.2.3.4 Rest of Asia-Pacific
    • 6.4.2.4 Latin America
    • 6.4.2.5 Middle East and Africa
  • 6.5 Other Plastic Film Types
    • 6.5.1 Polystyrene (PS)
    • 6.5.2 Bio-Based Plastic Films
    • 6.5.3 Polyvinylidene Chloride (PVDC)
    • 6.5.4 Ethylene Vinyl Alcohol (EVOH)

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Toray Advanced Film Co. Ltd
    • 7.1.2 Oben Holding Group
    • 7.1.3 Taghleef Industries
    • 7.1.4 Vitopel
    • 7.1.5 Cosmo Films Inc.
    • 7.1.6 Uflex Corporation
    • 7.1.7 Jindal Poly Film
    • 7.1.8 Dupont Tejin Films
    • 7.1.9 Amcor Plc
    • 7.1.10 Berry Global Inc.
    • 7.1.11 Tekni-Plex
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Plastic Films Industry Segmentation

Plastic film is defined as a continuous form of plastic material that is thin and usually wound on a core or cut into sheets. The study tracks the demand for plastic films through revenue accrued from the sale of these films offered by various vendors. This study is segmented by film types, such as PP films, BOPET films, PE films, PVC films, and other plastic film types, end-user Industries, and geographic regions, such as North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

PP Films Market By Type BOPP
CPP
PP Films Market By End-user Industry Food
Beverage
Pharmaceuticals
Industrial
Other End-user Industries
PP Films Market By Geography North America United States
Canada
PP Films Market By Geography Europe United Kingdom
Germany
France
Italy
Spain
Poland
Benelux
Rest of Europe
PP Films Market By Geography Asia-Pacific China
India
Japan
Rest of Asia-Pacific
PP Films Market By Geography Latin America Brazil
Argentina
Mexico
Rest of Latin America
PP Films Market By Geography Middle East and Africa
BOPET Films Market By Type Thin BOPET
Thick BOPET
BOPET Films Market By End-user Industry Packaging and Metallizing Food and Beverage
Pharmaceuticals
Personal Care
Other End-user Industries
BOPET Films Market By Geography North America United States
Canada
BOPET Films Market By Geography Europe United Kingdom
Germany
France
Italy
Spain
Poland
Rest of Europe
BOPET Films Market By Geography Asia-Pacific China
India
Japan
South Korea
Thailand
Indonesia
Rest of Asia-Pacific
BOPET Films Market By Geography Latin America
Middle East and Africa
PE Films Market By Material LDPE
HDPE
PE Films Market By End-user Industry Food
Beverage
Agriculture
Construction
Other End-user Industries
PE Films Market By Geography North America United States
Canada
PE Films Market By Geography Europe United Kingdom
Germany
France
Italy
Spain
Rest of Europe
PE Films Market By Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
PE Films Market By Geography Latin America
Middle East and Africa
PVC Films Market By End-user Industry Food and Beverage
Pharmaceuticals
Electrical/Electronics
Other End-user Industries
PVC Films Market By Geography North America United States
Canada
PVC Films Market By Geography Europe United Kingdom
Germany
France
Rest of Europe
PVC Films Market By Geography Asia-Pacific China
India
Japan
Rest of Asia-Pacific
PVC Films Market By Geography Latin America
Middle East and Africa
Other Plastic Film Types Polystyrene (PS)
Bio-Based Plastic Films
Polyvinylidene Chloride (PVDC)
Ethylene Vinyl Alcohol (EVOH)
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Plastic Films Market Research FAQs

The Plastic Film Market size is expected to reach USD 68.35 billion in 2024 and grow at a CAGR of 3.80% to reach USD 82.38 billion by 2029.

In 2024, the Plastic Film Market size is expected to reach USD 68.35 billion.

Amcor plc, Berry Global, Inc, Toray Advanced Film Co Ltd​, Oben Holding Group​ and Taghleef Industries​ are the major companies operating in the Plastic Film Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Plastic Film Market.

In 2023, the Plastic Film Market size was estimated at USD 65.85 billion. The report covers the Plastic Film Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Plastic Film Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Plastic Films Industry Report

Statistics for the 2024 Plastic Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Plastic Films analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Plastic Films Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)