Plastic films Market to Soar in the Near Future Owing to Growing Consumer Adoption

Plastic films are thin continuous polymeric materials composed of various resins, each with a unique mix of qualities, making it appropriate for a certain use. Plastic films are commonly used in packaging, labelling, decoration, building construction, electrical fabrication, plastic bags, and industrial applications.

Plastic film is a polymeric material made up of many resins that have a unique combination of qualities. They are widely utilised in a variety of applications such as packaging, decoration, plastic bags, labelling, electrical fabrication, building construction, industrial uses, and so on. Plastic materials include polyethylene terephthalate (PET), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), polyamide (PA), and others. PVC is the most commonly used plastic for making safety boots, construction materials such as window frames, and PP films are another major plastic used for making stationery products, plastic components, and other applications such as packaging, labelling, decoration, industrial application, and electronic & electrical application.

The global plastic films market has witnessed significant growth in the recent past year, owing to the growing use of plastic films in various applications such as packaging, industrial and decorative. Based on applications, the global plastic films market is bifurcated in packaging, industrial, and decorative. The packaging segment is further divided into food container, blister packs and electric and electronic purposes and others. Among these segments, the packaging application has dominated the global plastic films market in 2018, owing to the increasing demand for plastic films in barrier packaging. Moreover, the plastic films used in barrier packaging as it protects the product from moisture, light, oil and flavor. This factor is estimated to foster market growth during the forecast period.

Key players operating in global plastic films market are The Dow Chemical Company, DuPont, Eastman Chemical Company, Evonik Industries AG, Amcor Limited, Berry Plastics Corporation, Griffon Corporation Inc., Mitsubishi Chemical Holdings Corporation, Saudi Basic Industries Corporation (SABIC), and Honeywell International Inc.