Plastic films are thin continuous polymeric materials. The thick materials are often called sheet. Thin plastics are used to hold items, serve as barriers and to separate areas. The plastic films and sheets market is observing significant growth. It is likely to grow at around 5% CAGR by 2019.
The key factors driving the plastic films and sheets market are rising demand for biaxially oriented polypropylene (BOPP) films and bioplastics materials. Plastic films and sheets find usage in various applications, including food packaging, pharmaceuticals and many more. However, strict governmental legislations regarding the use of non-biodegradable plastics is likely to hinder the market over the coming years.
The plastic films and sheets market can be fragmented into types, applications and geographies. The market, on the basis of types, can be segmented into biaxially oriented polypropylene (BOPP), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), low-density polyethylene (LDPE) and polyvinyl chloride (PVC).
The applications plastic films and sheets market can be divided into consumer goods, food packaging, industrial packaging, pharmaceuticals & medical packaging and others. Other applications include construction, agriculture and healthcare. Geographically, the plastic films and sheets market can be fragmented into four primary regions, including Asia Pacific, North America, Europe and ROW (rest of the world).
The market is dominated by Asia Pacific on account of increasing demand from China and India. Increasing disposable income and improving economic conditions are likely to propel the market further. The markets of Europe and North America are expected to show slow growth due to economic maturity in these regions.