IMARC Group, a leading market research company, has recently releases report titled “Plastic Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global plastic films market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the plastic films market?
Report Attributes |
Details |
Market Size in 2022 |
US$ 151.6 Billion |
Market Forecast in 2028 |
US$ 207.5 Billion |
Growth rate (2023 to 2028) |
CAGR of 5.20% |
Base Year of the Analysis |
2022 |
Forecast Period |
2023-2028 |
What is plastic films?
Plastic film is a thin, continuous plastic material that can be rolled onto a core or cut into sheets. It is formulated with anti-blocking agents, such as kaolin and amorphous silicate, to minimize the sticking of film layers during unwinding. It has various aesthetic finishes, including glossy, matte, opaque, transparent, and pearlescent. It is ideal for manufacturing plastic film capacitors with metalized electrodes in direct current (DC) applications due to its high electrical properties, the low tendency for self-healing during service, and improved insulation resistance. As a result, plastic film finds extensive applications in the healthcare, construction, packaging, electronics, and agriculture industries across the globe.
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What are the growth prospects and trends in the plastic films?
The global plastic films market is primarily driven by the rising use of plastic films in the agriculture industry to construct greenhouses, low tunnel covers, mulching, and walk-in tunnels. Moreover, the surging adoption of high-density polyethylene (HDPE) sheets due to their durability, weather resistance, corrosion and binding resistance, and waterproofing benefits is positively influencing the market growth. Additionally, escalating demand for processed food due to changing food habits of people has catalyzed market growth.
Furthermore, the rising use of plastic films in roof flooring, as it helps prevent leakage and protect buildings from extreme temperatures, is contributing to the market growth. Other factors, including the rising use of plastic films in the construction industry, widespread adoption of plastic films in nuclear facilities to enhance radiation protection, and rapid expansion in the packaging industry, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
Application Insights:
Breakup by Geography:
Who are the key players operating in the industry?
The report covers the major market players including:
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