Global Packaging Film Market to Receive Overwhelming Hike in Revenues by 2024
Latest Report: Trends and Top Manufacturers analysis of “Packaging Film Market” Report Forecast to 2024 Published at Analytical Research Cognizance
(EMAILWIRE.COM, June 25, 2019 ) The packaging film market is expected to grow at a healthy CAGR of 6.0% over the forecast period (2019 - 2024). The increasing disposable income of consumers, rapid urbanization, and the demand for packaged food is rising in countries, like China, India, and others in the APAC regions. Growth in these nations is expected to positively impact the packaging films industry.
- China and India are expected to drive the global market over the forecast period. Packaging films are generally made of plastic as it is light, relatively cheaper. These enable the preservation of the products for long durations. These are preferred by consumers in the food and beverages industry owing to its aesthetic appeal that aids in its promotion.
- The market is expected to witness growth in consumption of biodegradable films over the forecast period. North America is the major contributor to this market, while Asia-Pacific is expected to record the highest growth rate.
Scope of the Report
Packaging films are heated and non-heated layers of coated plastics specifically used for food and consumer goods packaging. These materials are basically comprised of polyethylene, Polypropylene, Polyethylene terephthalate, Polycarbonate, Polyethylene naphthalate, and others.
Request a sample of Packaging Film Market report @ http://www.arcognizance.com/enquiry-sample/453952
Key Market Trends
Food & Beverages and Healthcare Sectors Hold Majority of Share in Packaging Film Market
- The packaging sector is evolving constantly to cater to changing consumer needs. Growing disposable incomes and rising middle-class population is among the prominent factors driving the demand for high-barrier packaging films across industries such as food and beverages, consumer products, industrial goods, and others.
- Food & beverages packaging is estimated to be the largest consumer of packaging film, followed by pharmaceutical and medical packaging, respectively. However, the healthcare sector is expected to offer huge potential growth opportunities for the packaging film market over and beyond the forecast period.
- The lifestyle changes, especially for the working urban population, has been a key factor in the demand surge for packaged food and beverage products. Introduction of ready to cook and eat varients of food and drinks has been experienced and has seen s continued growth in demand. Such predictors have been influencing market demand.
Asia-Pacific and Europe Contribute to Healthy Growth Rate over the Forecast Period
- Growing disposable incomes and a rising middle-class population is among the prominent factors driving the demand for high-barrier packaging films across industries in the Asia-Pacific region. The increasing demand for packaged food and pharmaceutical products in growing economies, such as China, India, Thailand, and Indonesia is expected to drive the growth of the packaging film market in Asia-Pacific at the highest rate.
- Also, the European Union and the United Kingdom are at the forefront of countries that make efforts to reduce plastic usage and waste. In 2018, EU European Strategy for Plastics in a Circular Economy. Thus the market in this region is likely to witness a steep shift towards other packaging alternatives.
- The current US and China trade war situation is expected to impact market demand. The recent ban on plastic waste imports in nations such as Singapore and China is also expected to impact the market over the forecast period.
Access this report of Packaging Film Market @ http://arcognizance.com/report/packaging-film-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The packaging film market is a fragmented one with the presence of various global as well as regional players such as AEP Industries Inc., Novolex, Bemis Company, Inc., RKW SE, Dupont Teijin Films, Jindal Poly Films Ltd, Innovia Films, ProAmpac, and many others. Most of these players are involved in several strategic developments including mergers, acquisitions, new product launch and market expansion to gain a competitive edge in the market.
In recent years, the packaging industry has seen many mergers and acquisitions among big packaging firms. Big players including ONCAP, Berry Global Group, Inc., Jindal Poly and many others are acquiring small companies to gain major market share in the industry and are trying to get a consolidate status from the fragmented one.
- May 2019 - Bemis Company, Inc. and Amcor Limited announced to merge and become one company by 12th June 2019 with clearance from US Department of Justice.
- February 2018, Berry Global acquired Clopay Plastic Products Company, Inc. form Griffon Corporation with a total value of USD 475 million.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/453952
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: Competitive Landscape
Chapter Seven: INVESTMENT ANALYSIS
Chapter Eight: MARKET OPPORTUNITIES AND FUTURE TRENDS
Request a sample of Packaging Film Market report @ http://www.arcognizance.com/enquiry-sample/453952
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics""based on the data collection facilities of big data, the face of ""business research facilities"" has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the ""out of the box""developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
- China and India are expected to drive the global market over the forecast period. Packaging films are generally made of plastic as it is light, relatively cheaper. These enable the preservation of the products for long durations. These are preferred by consumers in the food and beverages industry owing to its aesthetic appeal that aids in its promotion.
- The market is expected to witness growth in consumption of biodegradable films over the forecast period. North America is the major contributor to this market, while Asia-Pacific is expected to record the highest growth rate.
Scope of the Report
Packaging films are heated and non-heated layers of coated plastics specifically used for food and consumer goods packaging. These materials are basically comprised of polyethylene, Polypropylene, Polyethylene terephthalate, Polycarbonate, Polyethylene naphthalate, and others.
Request a sample of Packaging Film Market report @ http://www.arcognizance.com/enquiry-sample/453952
Key Market Trends
Food & Beverages and Healthcare Sectors Hold Majority of Share in Packaging Film Market
- The packaging sector is evolving constantly to cater to changing consumer needs. Growing disposable incomes and rising middle-class population is among the prominent factors driving the demand for high-barrier packaging films across industries such as food and beverages, consumer products, industrial goods, and others.
- Food & beverages packaging is estimated to be the largest consumer of packaging film, followed by pharmaceutical and medical packaging, respectively. However, the healthcare sector is expected to offer huge potential growth opportunities for the packaging film market over and beyond the forecast period.
- The lifestyle changes, especially for the working urban population, has been a key factor in the demand surge for packaged food and beverage products. Introduction of ready to cook and eat varients of food and drinks has been experienced and has seen s continued growth in demand. Such predictors have been influencing market demand.
Asia-Pacific and Europe Contribute to Healthy Growth Rate over the Forecast Period
- Growing disposable incomes and a rising middle-class population is among the prominent factors driving the demand for high-barrier packaging films across industries in the Asia-Pacific region. The increasing demand for packaged food and pharmaceutical products in growing economies, such as China, India, Thailand, and Indonesia is expected to drive the growth of the packaging film market in Asia-Pacific at the highest rate.
- Also, the European Union and the United Kingdom are at the forefront of countries that make efforts to reduce plastic usage and waste. In 2018, EU European Strategy for Plastics in a Circular Economy. Thus the market in this region is likely to witness a steep shift towards other packaging alternatives.
- The current US and China trade war situation is expected to impact market demand. The recent ban on plastic waste imports in nations such as Singapore and China is also expected to impact the market over the forecast period.
Access this report of Packaging Film Market @ http://arcognizance.com/report/packaging-film-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The packaging film market is a fragmented one with the presence of various global as well as regional players such as AEP Industries Inc., Novolex, Bemis Company, Inc., RKW SE, Dupont Teijin Films, Jindal Poly Films Ltd, Innovia Films, ProAmpac, and many others. Most of these players are involved in several strategic developments including mergers, acquisitions, new product launch and market expansion to gain a competitive edge in the market.
In recent years, the packaging industry has seen many mergers and acquisitions among big packaging firms. Big players including ONCAP, Berry Global Group, Inc., Jindal Poly and many others are acquiring small companies to gain major market share in the industry and are trying to get a consolidate status from the fragmented one.
- May 2019 - Bemis Company, Inc. and Amcor Limited announced to merge and become one company by 12th June 2019 with clearance from US Department of Justice.
- February 2018, Berry Global acquired Clopay Plastic Products Company, Inc. form Griffon Corporation with a total value of USD 475 million.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/453952
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: Competitive Landscape
Chapter Seven: INVESTMENT ANALYSIS
Chapter Eight: MARKET OPPORTUNITIES AND FUTURE TRENDS
Request a sample of Packaging Film Market report @ http://www.arcognizance.com/enquiry-sample/453952
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics""based on the data collection facilities of big data, the face of ""business research facilities"" has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the ""out of the box""developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
Contact Information:
Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
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Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results