Packaging Films
Packaging Films Market Forecasts to 2030 - Global Analysis by Film Type (Barrier Films, Shrink Films, Stretch Films, Metallized Films and Plain Films), Material Type, Application and By Geography
According to Stratistics MRC, the Global Packaging Films Market is accounted for $106.5 billion in 2024 and is expected to reach $150.2 billion by 2030 growing at a CAGR of 5.9% during the forecast period. Packaging films are thin, flexible sheets of plastic or other materials used to wrap and protect products. They come in various types like polyethylene, polypropylene, polyester, and more. These films offer benefits such as barrier properties, moisture, oxygen, light, durability, and printability. They are widely used in industries like food, pharmaceuticals, and consumer goods to ensure product safety and freshness.
According to the Flexible Packaging Association (FPA), the food industry is the major packaging market, accounting for approximately 60% of all flexible packaging sales in North America.
Market Dynamics:
Driver:
Increasing consumption of packaged food and beverages
The packaging films market is driven by the growing consumption of packaged food and beverages, fueled by urbanization and changing consumer lifestyles. As convenience becomes a priority, the demand for packaging solutions that preserve freshness and extend shelf life increases. Packaging films offer versatility and protection, making them ideal for various food products. This trend is particularly prominent in emerging markets where rising disposable incomes lead to increased spending on packaged goods, thereby boosting the market's growth trajectory.
Restraint:
Limited recycling infrastructure
Limited recycling infrastructure is a significant restraint to the packaging films market because it hampers the efficient recycling and reuse of plastic films. Most packaging films, especially multilayered and flexible films, are difficult to recycle due to the complexity of materials and lack of proper recycling facilities. This leads to increased waste accumulation and environmental concerns, discouraging sustainable practices within the industry. The absence of widespread, accessible recycling programs restricts the growth of the market for eco-friendly packaging solutions and pushes companies to rely on non-recyclable alternatives.
Opportunity:
Rising demand for biodegradable films
As environmental awareness grows, consumers and businesses are seeking eco-friendly alternatives to traditional plastic packaging. Biodegradable films, made from renewable resources, offer a sustainable solution that reduces plastic waste and aligns with regulatory mandates for greener practices. This shift is driving innovation in film production, encouraging manufacturers to develop advanced biodegradable options that meet both performance standards and environmental goals.
Threat:
Competition from alternative packaging materials
Competition from alternative packaging materials, such as paper, glass, metal, and biodegradable plastics, poses a significant threat to the packaging films market. As consumers and industries increasingly seek environmentally sustainable options, these alternatives offer benefits like recyclability, biodegradability, and reduced environmental impact compared to traditional plastic films. Additionally, regulatory pressures and growing environmental awareness are driving the shift toward eco-friendly packaging solutions.
Covid-19 Impact:
The Covid-19 pandemic significantly impacted the packaging films market by disrupting supply chains and altering consumer behavior. Initially, lockdowns led to decreased demand in sectors like foodservice, but increased home consumption of packaged goods offset this decline. The pandemic accelerated e-commerce growth, boosting demand for protective packaging films. As industries adapted to new norms, the market saw a resurgence driven by heightened focus on hygiene and safety in packaging.
The barrier films segment is expected to be the largest during the forecast period
The barrier films segment is expected to account for the largest market share during the projection period due to its critical role in preserving product quality. These films provide excellent protection against moisture, oxygen, and other contaminants, making them essential for food packaging applications that require extended shelf life. The increasing demand for convenience foods and ready-to-eat meals further drives this segment's growth as manufacturers seek reliable solutions to maintain product integrity.
The bioplastics segment is expected to have the highest CAGR during the forecast period
The bioplastics segment is expected to have the highest CAGR due to growing environmental concerns and regulatory pressures favoring sustainable materials. Bioplastics offer an eco-friendly alternative to traditional plastics, reducing carbon footprint and waste. Their application spans various industries including food packaging, where they help address consumer demand for green solutions. As technological advancements improve their performance and cost-effectiveness, bioplastics are becoming increasingly attractive in meeting sustainability goals.
Region with largest share:
The Asia Pacific region is anticipated to account for the largest market share during the forecast period due to its robust manufacturing base and expanding consumer markets. Countries like China and India are experiencing rapid industrialization and urbanization, driving demand for efficient packaging solutions across various sectors. The region's strong growth in e-commerce further boosts the need for protective films, solidifying Asia Pacific's dominance in the global market.
Region with highest CAGR:
The Asia Pacific region is anticipated to achieve the highest CAGR during the forecast period owing to increasing investments in sustainable packaging technologies and rising consumer awareness about environmental issues. The region's dynamic economic growth supports innovation in biodegradable and recyclable film solutions. As regulatory frameworks tighten around plastic usage, Asia Pacific's focus on eco-friendly practices positions it as a leader in adopting advanced packaging technologies that cater to evolving market demands.
Key players in the market
Some of the key players in Packaging Films Market include Berry Global Inc., Amcor Plc, RKW Group, Toray Industries, Inc., Mitsubishi Chemical Group Corporation, Charter Next Generation, Mylar Specialty Films, Sealed Air Corporation, Coveris, SRF Limited, AEP Industries Inc., Novolex, Jindal Poly Films Ltd., ProAmpac, Innovia Films and Uflex Limited.
Key Developments:
In October 2024, Global packaging leader, Berry Global Group, Inc. collaborated with men’s skincare brand, true™, to launch a refillable deodorant in Poland. The new deodorant sticks launched in spring 2023 and are available in 200 Douglas Perfumery stores, airport duty free concessions, and on true’s online store.
In September 2024, Berry Global Group, Inc. collaborated with food and beverage leader Lassonde Industries Inc. to incorporate 25% post-consumer recycled (PCR) content into its private label lemon and lime juice bottle. The new, 15-ounce bottle is also widely recyclable and optimized to be lightweight. The new flip-top closure is recyclable when consumers recycle the bottle with the cap on, as encouraged by the Association of Plastic Recyclers.
In April 2024, UFlex, India’s largest multinational flexible packaging and Solutions Company, announces a significant milestone in its journey of expansion and innovation. Starting March 31, 2024, the company has successfully commenced commercializing poly-condensed polyester chips at its manufacturing facility in Panipat, India.
Film Types Covered:
• Barrier Films
• Shrink Films
• Stretch Films
• Metallized Films
• Plain Films
Material Types Covered:
• Polyethylene (PE)
• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Polyamide (PA)
• Ethyl Vinyl Alcohol (EVOH)
• Polyvinylidene Chloride (PVDC)
• Bioplastics
• Other Material Types
Applications Covered:
• Food & Beverage
• Healthcare
• Industrial
• Consumer Goods
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Packaging Films Market, By Film Type
5.1 Introduction
5.2 Barrier Films
5.3 Shrink Films
5.4 Stretch Films
5.5 Metallized Films
5.6 Plain Films
6 Global Packaging Films Market, By Material Type
6.1 Introduction
6.2 Polyethylene (PE)
6.3 Polypropylene (PP)
6.4 Polyethylene Terephthalate (PET)
6.5 Polyvinyl Chloride (PVC)
6.6 Polyamide (PA)
6.7 Ethyl Vinyl Alcohol (EVOH)
6.8 Polyvinylidene Chloride (PVDC)
6.9 Bioplastics
6.10 Other Material Types
7 Global Packaging Films Market, By Application
7.1 Introduction
7.2 Food & Beverage
7.2.1 Meat, Seafood & Poultry
7.2.2 Ready-to-Eat Meals
7.2.3 Dairy Products
7.2.4 Bakery & Confectionery
7.2.5 Fresh Produce
7.2.6 Carbonated Drinks
7.2.7 Non-carbonated Drinks
7.2.8 Alcoholic Beverages
7.2.9 Other Food & Beverage Products
7.3 Healthcare
7.3.1 Pharmaceuticals
7.3.2 Medical Devices
7.3.3 Personal Care & Cosmetics
7.4 Industrial
7.4.1 Electronics & Electrical
7.4.2 Building & Construction
7.4.3 Chemical Products
7.5 Consumer Goods
7.5.1 Household Products
7.5.2 Pet Food & Care
7.5.3 E-commerce Packaging
7.6 Other Applications
8 Global Packaging Films Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Berry Global Inc.
10.2 Amcor Plc
10.3 RKW Group
10.4 Toray Industries, Inc.
10.5 Mitsubishi Chemical Group Corporation
10.6 Charter Next Generation
10.7 Mylar Specialty Films
10.8 Sealed Air Corporation
10.9 Coveris
10.10 SRF Limited
10.11 AEP Industries Inc.
10.12 Novolex
10.13 Jindal Poly Films Ltd.
10.14 ProAmpac
10.15 Innovia Films
10.16 Uflex Limited
List of Tables
1 Global Packaging Films Market Outlook, By Region (2022-2030) ($MN)
2 Global Packaging Films Market Outlook, By Film Type (2022-2030) ($MN)
3 Global Packaging Films Market Outlook, By Barrier Films (2022-2030) ($MN)
4 Global Packaging Films Market Outlook, By Shrink Films (2022-2030) ($MN)
5 Global Packaging Films Market Outlook, By Stretch Films (2022-2030) ($MN)
6 Global Packaging Films Market Outlook, By Metallized Films (2022-2030) ($MN)
7 Global Packaging Films Market Outlook, By Plain Films (2022-2030) ($MN)
8 Global Packaging Films Market Outlook, By Material Type (2022-2030) ($MN)
9 Global Packaging Films Market Outlook, By Polyethylene (PE) (2022-2030) ($MN)
10 Global Packaging Films Market Outlook, By Polypropylene (PP) (2022-2030) ($MN)
11 Global Packaging Films Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)
12 Global Packaging Films Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
13 Global Packaging Films Market Outlook, By Polyamide (PA) (2022-2030) ($MN)
14 Global Packaging Films Market Outlook, By Ethyl Vinyl Alcohol (EVOH) (2022-2030) ($MN)
15 Global Packaging Films Market Outlook, By Polyvinylidene Chloride (PVDC) (2022-2030) ($MN)
16 Global Packaging Films Market Outlook, By Bioplastics (2022-2030) ($MN)
17 Global Packaging Films Market Outlook, By Other Material Types (2022-2030) ($MN)
18 Global Packaging Films Market Outlook, By Application (2022-2030) ($MN)
19 Global Packaging Films Market Outlook, By Food & Beverage (2022-2030) ($MN)
20 Global Packaging Films Market Outlook, By Meat, Seafood & Poultry (2022-2030) ($MN)
21 Global Packaging Films Market Outlook, By Ready-to-Eat Meals (2022-2030) ($MN)
22 Global Packaging Films Market Outlook, By Dairy Products (2022-2030) ($MN)
23 Global Packaging Films Market Outlook, By Bakery & Confectionery (2022-2030) ($MN)
24 Global Packaging Films Market Outlook, By Fresh Produce (2022-2030) ($MN)
25 Global Packaging Films Market Outlook, By Carbonated Drinks (2022-2030) ($MN)
26 Global Packaging Films Market Outlook, By Non-carbonated Drinks (2022-2030) ($MN)
27 Global Packaging Films Market Outlook, By Alcoholic Beverages (2022-2030) ($MN)
28 Global Packaging Films Market Outlook, By Other Food & Beverage Products (2022-2030) ($MN)
29 Global Packaging Films Market Outlook, By Healthcare (2022-2030) ($MN)
30 Global Packaging Films Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
31 Global Packaging Films Market Outlook, By Medical Devices (2022-2030) ($MN)
32 Global Packaging Films Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
33 Global Packaging Films Market Outlook, By Industrial (2022-2030) ($MN)
34 Global Packaging Films Market Outlook, By Electronics & Electrical (2022-2030) ($MN)
35 Global Packaging Films Market Outlook, By Building & Construction (2022-2030) ($MN)
36 Global Packaging Films Market Outlook, By Chemical Products (2022-2030) ($MN)
37 Global Packaging Films Market Outlook, By Consumer Goods (2022-2030) ($MN)
38 Global Packaging Films Market Outlook, By Household Products (2022-2030) ($MN)
39 Global Packaging Films Market Outlook, By Pet Food & Care (2022-2030) ($MN)
40 Global Packaging Films Market Outlook, By E-commerce Packaging (2022-2030) ($MN)
41 Global Packaging Films Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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