Rapid increase in disposable
income of the middle-class consumers and rising population are some of the major
factors creating opportunities for the vendors in the packaging films
market. Also, the rising competition amongst the food and beverages and
pharmaceuticals market players has led to increased demand in the packaging films
market. As per the evaluations of a newly compiled market research report from IndustryARC, the global packaging market size stood at $90,123
million in 2018 and the demand will grow at compound annual growth
rate (CAGR) of 5.20% during the forecast period of 2019 to 2025.
The IndustryARC report, titled “Packaging Film Market: By Color (White, Blue,
Green & Others); By Raw Material Type (LDPE, LLDPE, HDPE); By End-User
Industry (Food & Beverages, Medical & Pharmaceutical); & By
Geography – Forecast (2019 - 2025),” also states that packaging film helps in
protecting the product from ultraviolet radiations and improves shelf life. As the awareness expands, the opportunities will mushroom.
Global Packaging Films Market:
Leading Segments
Geographically, APAC accords the maximum
growth due to the contribution from China, Australia, and India. The APAC packaging films
market is growing because of the demand for packaged food,
rise in the disposable income of the middle class, and strengthening healthcare
infrastructure. APAC constituted for 45% of the overall opportunities in the global packaging films market, and dominance is anticipated to sustain.
On the other hand, food and beverage
packaging continue to be the key application segment of the packaging films
market, growing at an impressive CAGR of 7.80% during the aforementioned
forecast period. The packaging films industry is a young and innovative sector
with tremendous economic and ecological potential, and APAC has started to
acknowledge the benefits of it and players have started investing ample money in this
eco-friendly domain.
Global
Packaging Films Market: Market Trends and Growth Drivers
·
Growth in
E-Commerce Sector
The robustness for online shopping and
direct-to-consumer shipping has had a huge impact on the packaging films
market. The usage of packaging films in the e-commerce sector is the most as
compared to any other sector. This provides tremendous opportunities in the
market for growth.
·
Digitalization
of Packaging
Digitalization has hit every sector in
some other way, including the packaging films market. Companies are
spending a huge amount of money for the R&D and innovation of it. Internet
of Things (IoT) is opening up a variety of ways to interact with the customers and
improve its supply chain management.
· Increasing Sustainability Demands Pushing Product Innovation
Globally, the organizations are working
towards the environment and sustainability. The packaging films are now
becoming more eco-friendly and are value-added packaging that inspires the
customers to buy.
·
Target Group Recognition
Target group recognition is one innovation that the major players are working on. Also, digital signage element will help in focusing on the target customers. This is a high-tech solution that the companies are majorly looking at to improve on.
·
Maintaining
Freshness
The most important growth driver for the
millennials is maintaining the simple meat and fruits and vegetables fresh for a
longer duration. Due to lack of time and change in the lifestyle of millennials
the demand has increased for the packaging films.
Global
Packaging Films Market: Competitive Landscape
Some of the
key companies identified in the report that are currently holding majority
shares in the global packaging films market are AEP Industries Inc., Amcor Limited,
Ampac Holdings, LLC, Bemis Company, Berry Plastics Corporation, Charter Nex
Films Inc., Dupont Teijin Films, Exopack Holding Corporation, RKW SE, Sealed
Air Corporation, Sigma Plastic Group, Graphic Packaging Holding Corporation,
Hilex Poly Co LLC, Innovia Films Ltd, and Jindal Poly Films Ltd.
Talk to one of our sales representative
about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=15172
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Reports:
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What can you expect from the
report?
The
packaging films market is prepared with the main agenda to cover the
following 20 points:
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide
customized reports and charge additionally for limited customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of data in
application or end user industry.
2. Increase the number of countries in
geography chapter.
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
5. Patent analysis, pricing, product
analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
Any other custom requirements can be
discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.