Global plastic film and sheets market to reach 56.6-Mn tonnes by 2017

Global Industry Analysts, Inc.(GIA) released a comprehensive global report on Plastic Films and Sheets market. The global Plastic Film and Sheets market is forecast to reach 56.6 million tonnes by 2017, mainly driven by burgeoning demand from end-use markets, competitive advantages over traditional paper and foil, and technological advancements. Changing consumer dynamics particularly in the food and non-food packaging industries, economic recovery, and growing prominence of developing Asian, Middle East and Latin American markets will further accelerate the pace of development.
 Plastic film, used for packaging of both food and non-food products apart from various other plastic products, is the largest sub-sector of the plastics processing industry. Primary applications of plastic films include food packaging, shrink-wrap, stretch-wrap, carrier bags, bin bags, and heavy-duty sacks, and agriculture and building applications. Globalisation and consolidation have impacted the plastic film industry to a considerable extent. BOPP films represents one of the high-growth segments in the global plastic film & sheets industry. Over the near term, BOPP production capacity is estimated to expand by 2-3 million tonnes, with the Middle East accounting for the bulk of the capacity expansion. By product, the Polyethylene (PE) Films is considered the building block and accounts for the lion's share of the worldwide plastic films and sheet market. Asia and the Middle East are the main regions, expected to drive growth in this segment.
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