Packaging films are manly thin plastic or polymer-based film used to wrap, protect, and preserve products, providing barrier protection against moisture, gases, and contaminants, along with mechanical strength, flexibility, and transparency. Made from different material like polyethylene, polypropylene, PVC, and PET, these films are used in food, beverage, pharmaceutical, and consumer goods packaging. They extend shelf life, ensure product safety, and enhance product appearance, with functionalities such as heat sealability, printability, and puncture resistance. Advanced packaging films may also include smart technologies like anti-microbial coatings, oxygen scavengers, and biodegradable properties to meet market demands and sustainability goals.
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Data Bridge Market Research analyzes that the Global Packaging Films Market is expected to reach USD 156.96 billion by 2031 from USD 102.74 billion in 2023, growing with a CAGR of 5.49% in the forecast period of 2024 to 2031.
Key Findings of the Study
Increasing Consumer Awareness for Sustainable and Eco-Friendly Packaging
The global packaging films market is experiencing robust growth driven by an increasing trend towards environmentally friendly and sustainable packaging options. Growing concern over plastic waste and environmental issues, coupled with stringent government regulations and incentives promoting eco-friendly practices, are accelerating the adoption of biodegradable, compostable, and recyclable film materials. Particularly, the food and beverages industry is witnessing a surge in demand for eco-friendly packaging solutions, such as those made from corn starch or sugarcane. As consumers prioritize sustainability, the film packaging industry is undergoing a transformative shift towards more environmentally responsible practices, ensuring a greener future for packaging solutions worldwide.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2023 (Customizable to 2016- 2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Type (Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polylactic Acid (PLA) , Cellulose, Ethylene Vinyl Alcohol (EVOH), and Others), Flexibility (Flexible and Rigid), Nature (Synthetic and Bio-Based), Application (Food & Beverage, Pharmaceuticals, Personal Care & Cosmetics, Electrical and Electronics, Household and Home Décor, Pet Food, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Sweden, Finland, Netherlands, Switzerland, Poland, Belgium, Turkey, Norway, Denmark, Rest of Europe, China, Japan, India, South Korea, Indonesia, Thailand, Malaysia, Philippines, Singapore, Australia, New Zealand, Rest of Asia-Pacific, Brazil, Argentina Rest of South America, Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, Rest of Middle East And Africa
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Market Players Covered
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Mondi(U.K), Amcor plc (U.S), Klöckner Pentaplast (Germany), Taghleef Industries (Israel), Parkside (U.K), Novolex (U.S), ProAmpac (U.S), Interplast Group (U.S), DACO Corporation (U.S), AEP GROUP (France), Sigma Plastics Group (U.S), TIPA LTD (Australia), Papier-Mettler (U.S), Berry Global Group, Inc. (U.S), Uflex Limited (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global packaging films market is segmented into four notable segments based on type, flexibility, nature, and application.
- On the basis of type, the market is segmented into Polyethylene (PE), Polypropylene (PP) Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), Polylactic Acid (PLA), Cellulose, Ethylene Vinyl Alcohol (EVOH), and others
In 2024, the Polyethylene (PE) segment is expected to dominate the Global Packaging Films Market
In 2024, the Polyethylene (PE) segment is expected to dominate the market with a market share of 32.17%, due to its versatility, cost-effectiveness, and durability. Polyethylene is a type of plastic that is easy to produce and can be used for a wide range of packaging needs, from food to industrial products.
On the basis of flexibility, the market is segmented into flexible and rigid.
In 2024, the flexible segment is expected to dominate the Global Packaging Films Market
In 2024, the flexible segment is expected to dominate the market with a highest market share of 57.85%, as flexible packaging films can be easily molded into various shapes and sizes, making them ideal for a wide range of products from food to pharmaceuticals. They are also lightweight, reducing shipping costs and environmental impact.
- On the basis of nature, the market is segmented into synthetic and bio-based. In 2024, the synthetic is expected to dominate the market with a highest market share of 52.84%
- On the basis of application, the market is segmented into food & beverage, pharmaceuticals, personal care & cosmetics, electrical and electronics, household and home décor, pet food, and others. In 2024, the food & beverage is expected to dominate the market with a highest market share of 33.32%
Major Players
Data Bridge Market Research analyses Novolex (U.S), Amcor plc (U.S), Sigma Plastics Group (U.S), Interplast Group (U.S), Papier-Mettler (U.S) as major market players in this market.
Market Development
- In October 2022, Novolex earned a benchmark BPI compostable certification, namely dual How2Compost and How2Recycle labels for paper bags and sacks products, namely "Dubl Life". This certification will help the company to gain recognition from the customers and improve its market scope. In July 2023, the company announced a capital investment to increase production capacity at its consolidated subsidiaries in order to meet the growing global demand for high-purity graphite products. This will help the company to expand its global presence
- In March 2024, Amcor plc, a global leader in developing and producing responsible packaging solutions, has been awarded with eight Flexible Packaging Achievement Awards for innovative and sustainable contributions to the industry. Among all the awards, McCoy Dunnage Free IBC Liners for bulk aseptic products has received three awards: Gold for Sustainability, and Silver for Expanding the Use of Flexible Packaging, and Technical Innovation. This will strengthen the company’s aim towards achieving its sustainability goals and achieving more innovative solutions
- In October 2023, Berry Global Inc. (NYSE: BERY) was recognized as one of America’s top employers within Indiana by Forbes. This acknowledgment was based on feedback from employees, including direct input and recommendations. It helped in building the employer-employee trust and given a positive impact for its customers
Regional Analysis
On the basis of geography, the country covered in this market is U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Sweden, Finland, Netherlands, Switzerland, Poland, Belgium, Turkey, Norway, Denmark, Rest of Europe, China, Japan, India, South Korea, Indonesia, Thailand, Malaysia, Philippines, Singapore, Australia, New Zealand, Rest of Asia-Pacific, Brazil, Argentina Rest of South America, Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, Rest of Middle East And Africa.
As per Data Bridge Market Research analysis:
Asia_pacific is the dominant and fastest growing region in Global Packaging Films Market
Asia-Pacific is expected to dominate and fastest growing region the market due to rise in adoption of packaging films in pharmaceutical and agriculture industry.
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