Global plastic films and sheets market to grow 4.4%

Source：Research and Markets Release Date：2014-02-10 201

Plastics & Rubber

The global market was estimated at $112.4 billion in 2012, and expected to grow annually by 4.4% from 2013 to 2018.

In its latest report, Research and Markets estimates the global plastic films and plastic sheets to grow annually by 4.4% from the period 2013 to 2018. The global market for these products reached $112.4 billion in 2012.

Ever increasing application of plastic films and sheets in food packaging and agricultural applications, and untapped Asia-Pacific market is presenting good outlook for this industry. Food packaging is the key application area for the plastic films and sheets. Sales in food packaging market is expected to grow at 5.2% from 2013 to 2018.

Even though polyethylene is used as a key material for plastic films and sheets production, polypropylene is slowly becoming the preferred choice especially in the packaging application. Specifically, BOPP films market is growing at a significant rate during the recent years. In non-packaging, agriculture industry posts good opportunity for the plastic film and sheets market.

Geographically, Asia-Pacific is expected to lead the market during the next five years. China and India are the two most growing nations in terms of plastic films and sheets consumption. In developed nations, demand for conventional plastic films is growing at a slow pace. However, specialty and high barrier films are gaining importance in these regions.

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