The increasing environmental concerns around the world has resulted in a growing demand for biopolymer-based plastics. These bio-based plastics are made from biodegradable and renewable raw materials such as sugarcane, soybean, wood pulp, corn, wheat, coffee, and castor plant seeds. The increasing use of such bio-based plastics in industrial and consumer goods applications will significantly reduce emissions and overall carbon footprint. The use of biodegradable packaging is further boosted by eco-friendly initiatives by corporates and the abundance of raw materials for manufacturing bioplastics. Although conventional plastics have beneficial characteristics, continuous product developments by polymer manufacturers will boost the adoption of bioplastic packaging. The increasing adoption of bioplastics will be a critical specialty plastic films market trend driving the growth of the market.
The several beneficial properties of specialty plastic films such as high tensile strength, durability, and high resistance to heat, humidity, chemicals, and gas will boost its demand for food and beverage packaging applications. Moreover, specialty plastic films are lightweight, resistant to puncture, and enhance aesthetic appearance, increasing the saleability of food and beverage products. The growing demand for packaged food and beverage food products, especially from developing countries, is expected to fuel the need for new packaging methods and efficient packaging materials such as specialty plastic films. The increasing demand for packaged food and beverages will be a significant factor driving specialty plastic films market growth at a CAGR of over 6% during the forecast period.
Top Specialty Plastic Films Companies Covered in this Market Research Report
The global specialty plastic films market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this specialty plastic films market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading specialty plastic films manufacturers, including:
Bemis Co. Inc.
Berry Global Inc.
Sealed Air Corp.
Toray Industries Inc.
Specialty Plastic Films Market Segmentation Based on End-user
Electrical and electronics
The packaging segment will account for the highest specialty plastic films market share. The growing need for fresh foods such as fruits, vegetables, and meat will boost the demand for specialty plastic films from packaging end-users. This report provides an accurate prediction of the contribution of all the segments to the growth of the specialty plastic films market size.
Specialty Plastic Films Market Segmentation Based on Geographic Region
With a complete study of the growth opportunities for the companies, it has been identified that the APAC region will account for the highest share of the specialty plastic films market throughout the forecast period. The rapid growth of end-user industries such as food and beverages and personal care and growing need for fresh food will contribute to the specialty plastic films market growth in this region.
Key Highlights of the Global Specialty Plastic Films Market Report for the Forecast Period 2019-2023
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the specialty plastic films market during the next five years
Precise estimation of the global specialty plastic films market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the specialty plastic films industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of specialty plastic films companies
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