Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market Size, Share, Trends, Growth 2032

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Industry Prospective:

The global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) market size was worth around USD 139.56 billion in 2022 and is predicted to grow to around USD 206.34 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.97% between 2023 and 2030.

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Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Overview

Plastic films and sheets are defined as a continuous and extended form of plastic material that is extremely thin. In the case of plastic films, they are typically wound on a core whereas sheets are typically cut into specific size pieces. Most plastic films are available in sizes ranging between 0.06 mm to 0.010 mm. When they are thicker than this size range, plastic films are then known as sheets. The market for plastic films and sheets is filled with an extremely wide range of options including films made of simple single-use material and more complex materials with advanced structure with different coatings and materials. Some of the most common plastic sheets and films are LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH. LLDPE stands for linear low-density polyethylene, LDPE represents, low-density polyethylene, HDPE is high-density polyethylene, BOPP is biaxially oriented polypropylene, BOPET is known as biaxially oriented polyethylene terephthalate, CPP is cast polypropylene, PVC represents polyvinyl chloride, PES is polyethersulfone, PA is polyamide, and EVOH is ethylene vinyl alcohol. Each plastic film type offers specific advantages and disadvantages.

Key Insights:

• As per the analysis shared by our research analyst, the global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) market is estimated to grow annually at a CAGR of around 4.97% over the forecast period (2023-2030)
• In terms of revenue, the global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) market size was valued at around USD 139.56 billion in 2022 and is projected to reach USD 206.34 billion, by 2030.
• The plastic films & sheets market is projected to grow at a significant rate due to the growing expansion of new sustainable plastic film production rate
• Based on end-user industry segmentation, packaging was predicted to show maximum market share in the year 2022
• Based on application segmentation, bags was the leading segment in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

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Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Growth Drivers

Growing expansion of new sustainable plastic film production rate to drive market growth

The global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) market is expected to grow owing to the increasing number of new sustainable plastic films and sheets production rate as companies continue to work toward meeting the rapidly rising demand from end-consumers. As the world swiftly moves toward environmentally friendly packaging solutions, the demand for recycled and degradable plastic films or sheets is on the rise. In May 2023, INEOS, a global chemical company, announced the launch of rigid and ultra-thin film specially intended to be applied for recyclable flexible packaging products. The range is made of more than 50% recycled plastic. These developments have also resulted in a greater need for dedicated facilities that either produce large volumes of recycled plastic or use it to create a circular economy. In July 2023, NOVA Chemicals Corporation announced the expansion of its Circular Solutions business. In a recent move, the company has invested in constructing and developing its first mechanical recycling facility in Connersville. The unit will use post-consumer plastic films for the production of SYNDIGO™ recycled polyethylene (rPE) at a commercial scale by the end of 2025. In other news, 2022 marked the announcement of the launch of eco-friendly GEOPLAS HCT3 by Gunze. The product will be heat-shrinkable and made of recycled resin.

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Restraints

Phasing out of single-user plastic to restrict market growth

The global plastic films & sheets market growth is expected to be restricted due to the steady phasing out of single-use plastic since these variants cannot become a part of the circular economy and leave a drastic impact on the environment. The extensive use of single-use plastics and lack of disposal process are known as the leading causes of global warming. As per estimates, landfills filled with single-use plastic accounted for more than 15% of methane emissions. Around 22 million tonnes of plastic was added to the environment in 2019. These numbers and their impact on global ecosystems have caused several countries to take action against the use of harmful plastic variants. For instance, as of January 2021, the use of single-use plastic for straws & stirrers, plates, cutlery, food containers, and other products has been banned in France.

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Opportunities

Increased demand for highly durable plastic films and sheets for online sales channels may create more expansion possibilities

The industry for plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) is expected to gain higher growth momentum due to the increased demand and consumption of highly durable plastic films and sheets for online purchases. The e-commerce industry is one of the fastest-growing sectors. In addition to this, globalization has created more growth scope for official company websites and third-party sellers of commercial, industrial, and residential products. All of these factors have worked in tandem to generate tremendous growth potential for suppliers of durable and strong plastic films and sheets. In 2022, Amazon, a global and world’s leading e-commerce company, generated a net revenue of USD 514.1 billion and similar statistics are observed for other regional and global companies. The increased consumer reach, higher access to product discounts, and an extensive range of options have led to surging consumerism causing more demand for plastic sheets and films for packaging purposes.

Growing use in the food and beverages sector to fuel market growth trajectory

The plastic films & sheets industry growth prospects look positive because of the increasing demand for plastic films and sheets used in food and beverage labeling especially BOPET and BOPP since these plastic films can be easily printed without compromising on film integrity. Furthermore, the growing demand for food products as the world population is growing at an alarming rate along with higher disposable income and rapid globalization strategy adopted by food companies. A surging segment of consumers demanding organic food products is a promising market segment.

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Challenges

High market fragmentation due to the presence of alternate solutions may lead to a loss of revenue

As world leaders and end-user corporations continue to invest in more sustainable and eco-friendly solutions, the demand for global market product offerings is projected to reduce as the consumption trend of other substitutes such as paperboards, glass, metal, wood, and fabric rises. Furthermore, the presence of multiple options leads to the market being extremely fragmented.

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Segmentation

The global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) market is segmented based on end-user industry, type, application, and region.

Based on the end-user industry, the global market segments are non-packaging and packaging. In 2022, the highest growth rate was registered in the packaging segment since plastic sheets and films rank as the top preference of materials for creating safe and preventive packaging solutions for a wide range of products including food products and clothing items along with personal care or cosmetic products. They are some of the most-selling products across the globe and aesthetic packaging is important to branding or advertising. In 2022, the global cosmetic packaging market was valued at USD 52 billion.

Based on type, the global market divisions are LDPE, LLDPE, BOPP, HDPE, PVC, PA, PES, and CPP.

Based on application, the plastic films & sheets industry divisions are pouches, shrink films, stretch films, wraps, and bags. In 2022, the most significant contributor was the bags segment since they have wide applications in several industries such as food service and retail. Plastic sheets and films are used to carry and protect items from external contaminants or environmental conditions such as rain and damage from ultraviolet (UV) rays. The increased investments in stretch and shrink film production may lead to higher segmental growth. Shrink wrap rolls are typically available in the size range of 15 cm to 91 cm.

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Report Scope

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Regional Analysis

Asia-Pacific is expected to witness the highest growth rate during the forecast period

The global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) market will be led by Asia-Pacific during the projection period. The high consumption of single-use plastic packaging solutions as the consumption rate across sectors such as healthcare, e-commerce, and consumer electronics is on the rise. Furthermore, the expansive chemical industry in China and India is likely to help the regional market grow further. China is keen on investing in recycling plastic films and sheet production. In January 2021, Alibaba Group and Unilever announced that they have created an artificial intelligence (AI) enabled recycling system capable of automatically identifying plastic packaging and putting high-grade plastic back into the economy. In the same year, Lucro Plastecycle, an Indian homegrown recycling company, and global chemical leader Dow signed a memorandum of understanding (MoU) as the companies plan to launch post-consumer recycled polyethylene (PE) film solutions in the Indian market.

Plastic Films & Sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) Market: Competitive Analysis

The global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH) market is led by players like:

• Bemis Company Inc.
• Dow Inc.
• Berry Global Group Inc.
• DuPont
• Polyplex Corporation Ltd
• ExxonMobil
• Borealis AG
• Sealed Air Corporation
• UFlex Ltd
• Amcor Plc
• Treofan Group

The global plastic films & sheets (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA, and EVOH) market is segmented as follows:

By End-User Industry

• Non-Packaging
• Packaging

By Type

• LDPE
• LLDPE
• BOPP
• HDPE
• PVC
• PA
• PES
• CPP

By Application

• Pouches
• Shrink Films
• Stretch Films
• Wraps
• Bags

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa