Packaging Films Market Strategic Insights and Updates by 2031
The Packaging Films Market is expected to register a CAGR of 3.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Material (BOPA, Polypropylene, BOPP, BOPET, BOPE, Linear Low density Polyethylene, High Density Polyethylene, PET, PVC, Polyamide, EVOH, and Others). The report is also segmented based on End Use (Food and Beverage, Homecare Products, Personal Care Products, Healthcare and Pharmaceuticals, Electrical and Electronics, Automotive, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Packaging Films Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Packaging Films Market Segmentation
Material- BOPA
- Polypropylene
- BOPP
- BOPET
- BOPE
- Linear Low density Polyethylene
- High Density Polyethylene
- PET
- PVC
- Polyamide
- EVOH
- Food and Beverage
- Homecare Products
- Personal Care Products
- Healthcare and Pharmaceuticals
- Electrical and Electronics
- Automotive
Strategic Insights
Packaging Films Market Growth Drivers- Consumer Preference for Convenience: One of the important drivers for packaging film demand is the consumer's preference for convenience. As lives get busier and more hectic, people are increasingly looking for ready-to-eat meals and any snack that they can carry around. This has created an apparent trend for packaging solutions not only to perform their tasks but also to be easy to consume and hence draw out demand from new packaging films.
- Barrier Films for Freshness and Extended Shelf Life: In this sense, easy-to-use packaging often requires barrier films that facilitate the product in maintaining freshness and shelf life. Consumers expect products to be safe and attractive without extensive preparation. Therefore, manufacturers are focusing their attention on creating packaging films that show the product better while it is easy to open and close, which is precisely what the consumer wants.
- E-commerce Growth: In addition, growth in e-commerce has considerably increased the demand for user-friendly packaging solutions. The convenience nature of e-commerce makes it more appealing to have goods delivered directly to consumers' doorsteps. Situations such as these require packaging to guarantee safe transportation from one place to another and still be convenient and friendly to use. This shift requires manufacturers to develop investments in sophisticated technologies of packaging films in order to meet the changed expectations of convenience-bound consumers, which in turn supports the growth of the market.
- Sustainability Drives Packaging Film Market Innovation: The current direction in packaging film markets is the use of sustainable alternatives in material. As awareness about environmental issues grows both for consumers and producers, there is heightened demand for packaging solutions with minimal ecological footprint. The trend is compelling manufacturers to find biodegradable, compostable, and recyclable materials for the production of their packaging films.
- Regulatory Pressure and Consumer Demand Push for Eco-Friendly Solutions: Then, the films meet regulatory pressure and consumer demands while solving environmental issues. Researchers have been investing in this sector to develop films that are performing better and more ecological. It is with this in mind that innovative products, such as bio-based polymers and recycled content, increasingly become available and able to enhance the sustainability profile of brands while gaining a better chance of attracting the eco-conscious consumer.
- Circular Economy and Sustainable Supply Chains: The shift in the attitude of sustainable impact also impacts on the supply chain-from raw material acquisition through the supply chain to disposal at the end-of-life. Brands are more focused on circular economies where packaging materials are used, reused, and recycled. This will lead to growth in this market for packaging films as companies make efforts to differentiate themselves through sustainable practices, causing the industry as a whole to become even more environmentally responsible.
- E-commerce Growth: E-commerce growth constitutes the biggest opportunity in the packaging film market. As more people turn towards online shopping, the need for efficient packaging solutions increases; such solutions protect the safety of the product during transit. This is a huge opportunity for manufacturers to design specific packaging films especially for e-commerce.
- Consumer Experience Drives Innovation in Packaging Films: This film should be able to not only protect the products but also positively contribute to the unboxing for consumers, bringing about clarity to see the product, handling durability, and easy opening. Thus, firms can capitalize on such an opportunity with innovations in packaging films that can satisfy specific demands, hence attracting the business of e-commerce searching for a reliable solution.
- Sustainable Packaging Solutions Align with E-commerce Demand: With further growth in e-commerce, the demand for sustainable packaging also increases. As environmentalism grows on the consumers' minds, more and more people prefer packaging films made of recyclable or biodegradable material. This widens the scope as the manufacturer can offer a more environmentally friendly solution to those in competition based on consumer values, hence taking a wider share of the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Packaging Films Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Packaging Films Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Packaging Films Market is estimated to witness a CAGR of 3.8% from 2023 to 2031
Expansion into emerging markets is driving the market growth
Shift Towards sustainable materials is one of the key opportunities for the market growth.
Mondi Group, Kureha Corporation, Berry Global Inc, Toray Industries Inc, SUDPACK Holding GmbH, Amcor Plc, Sealed Air Corporation, Tagleef Industries Group, Dunmore Corporation, and Cosmo Film are among the leading players operating in the packaging films market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Packaging Film Market - By Type of Material
1.3.2Packaging Film Market - By Application
1.3.3Packaging Film Market - By Region
1.3.3.1By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4.PACKAGING FILM MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.PACKAGING FILM MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.PACKAGING FILM MARKET - GLOBAL MARKET ANALYSIS
6.1.PACKAGING FILM - GLOBAL MARKET OVERVIEW
6.2.PACKAGING FILM - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PACKAGING FILM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF MATERIAL
7.1.OVERVIEW
7.2.TYPE OF MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.POLYETHYLENE
7.3.1.Overview
7.3.2.Polyethylene Market Forecast and Analysis
7.4.POLYPROPYLENE
7.4.1.Overview
7.4.2.Polypropylene Market Forecast and Analysis
7.5.POLYESTER
7.5.1.Overview
7.5.2.Polyester Market Forecast and Analysis
7.6.PVC
7.6.1.Overview
7.6.2.PVC Market Forecast and Analysis
7.7.OTHER TYPE OF MATERIALS
7.7.1.Overview
7.7.2.Other Type of Materials Market Forecast and Analysis
8.PACKAGING FILM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.FOOD AND BEVERAGE PACKAGING
8.3.1.Overview
8.3.2.Food and Beverage Packaging Market Forecast and Analysis
8.4.MEDICAL AND PHARMACEUTICAL PACKAGING
8.4.1.Overview
8.4.2.Medical and Pharmaceutical Packaging Market Forecast and Analysis
8.5.CONSUMER PRODUCTS PACKAGING
8.5.1.Overview
8.5.2.Consumer Products Packaging Market Forecast and Analysis
8.6.INDUSTRIAL PACKAGING
8.6.1.Overview
8.6.2.Industrial Packaging Market Forecast and Analysis
8.7.OTHER APPLICATIONS
8.7.1.Overview
8.7.2.Other Applications Market Forecast and Analysis
9.PACKAGING FILM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Packaging Film Market Overview
9.1.2North America Packaging Film Market Forecasts and Analysis
9.1.3North America Packaging Film Market Forecasts and Analysis - By Type of Material
9.1.4North America Packaging Film Market Forecasts and Analysis - By Application
9.1.5North America Packaging Film Market Forecasts and Analysis - By Countries
9.1.5.1United States Packaging Film Market
9.1.5.1.1United States Packaging Film Market by Type of Material
9.1.5.1.2United States Packaging Film Market by Application
9.1.5.2Canada Packaging Film Market
9.1.5.2.1Canada Packaging Film Market by Type of Material
9.1.5.2.2Canada Packaging Film Market by Application
9.1.5.3Mexico Packaging Film Market
9.1.5.3.1Mexico Packaging Film Market by Type of Material
9.1.5.3.2Mexico Packaging Film Market by Application
9.2.EUROPE
9.2.1Europe Packaging Film Market Overview
9.2.2Europe Packaging Film Market Forecasts and Analysis
9.2.3Europe Packaging Film Market Forecasts and Analysis - By Type of Material
9.2.4Europe Packaging Film Market Forecasts and Analysis - By Application
9.2.5Europe Packaging Film Market Forecasts and Analysis - By Countries
9.2.5.1Germany Packaging Film Market
9.2.5.1.1Germany Packaging Film Market by Type of Material
9.2.5.1.2Germany Packaging Film Market by Application
9.2.5.2France Packaging Film Market
9.2.5.2.1France Packaging Film Market by Type of Material
9.2.5.2.2France Packaging Film Market by Application
9.2.5.3Italy Packaging Film Market
9.2.5.3.1Italy Packaging Film Market by Type of Material
9.2.5.3.2Italy Packaging Film Market by Application
9.2.5.4United Kingdom Packaging Film Market
9.2.5.4.1United Kingdom Packaging Film Market by Type of Material
9.2.5.4.2United Kingdom Packaging Film Market by Application
9.2.5.5Russia Packaging Film Market
9.2.5.5.1Russia Packaging Film Market by Type of Material
9.2.5.5.2Russia Packaging Film Market by Application
9.2.5.6Rest of Europe Packaging Film Market
9.2.5.6.1Rest of Europe Packaging Film Market by Type of Material
9.2.5.6.2Rest of Europe Packaging Film Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Packaging Film Market Overview
9.3.2Asia-Pacific Packaging Film Market Forecasts and Analysis
9.3.3Asia-Pacific Packaging Film Market Forecasts and Analysis - By Type of Material
9.3.4Asia-Pacific Packaging Film Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Packaging Film Market Forecasts and Analysis - By Countries
9.3.5.1Australia Packaging Film Market
9.3.5.1.1Australia Packaging Film Market by Type of Material
9.3.5.1.2Australia Packaging Film Market by Application
9.3.5.2China Packaging Film Market
9.3.5.2.1China Packaging Film Market by Type of Material
9.3.5.2.2China Packaging Film Market by Application
9.3.5.3India Packaging Film Market
9.3.5.3.1India Packaging Film Market by Type of Material
9.3.5.3.2India Packaging Film Market by Application
9.3.5.4Japan Packaging Film Market
9.3.5.4.1Japan Packaging Film Market by Type of Material
9.3.5.4.2Japan Packaging Film Market by Application
9.3.5.5South Korea Packaging Film Market
9.3.5.5.1South Korea Packaging Film Market by Type of Material
9.3.5.5.2South Korea Packaging Film Market by Application
9.3.5.6Rest of Asia-Pacific Packaging Film Market
9.3.5.6.1Rest of Asia-Pacific Packaging Film Market by Type of Material
9.3.5.6.2Rest of Asia-Pacific Packaging Film Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Packaging Film Market Overview
9.4.2Middle East and Africa Packaging Film Market Forecasts and Analysis
9.4.3Middle East and Africa Packaging Film Market Forecasts and Analysis - By Type of Material
9.4.4Middle East and Africa Packaging Film Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Packaging Film Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Packaging Film Market
9.4.5.1.1South Africa Packaging Film Market by Type of Material
9.4.5.1.2South Africa Packaging Film Market by Application
9.4.5.2Saudi Arabia Packaging Film Market
9.4.5.2.1Saudi Arabia Packaging Film Market by Type of Material
9.4.5.2.2Saudi Arabia Packaging Film Market by Application
9.4.5.3U.A.E Packaging Film Market
9.4.5.3.1U.A.E Packaging Film Market by Type of Material
9.4.5.3.2U.A.E Packaging Film Market by Application
9.4.5.4Rest of Middle East and Africa Packaging Film Market
9.4.5.4.1Rest of Middle East and Africa Packaging Film Market by Type of Material
9.4.5.4.2Rest of Middle East and Africa Packaging Film Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Packaging Film Market Overview
9.5.2South and Central America Packaging Film Market Forecasts and Analysis
9.5.3South and Central America Packaging Film Market Forecasts and Analysis - By Type of Material
9.5.4South and Central America Packaging Film Market Forecasts and Analysis - By Application
9.5.5South and Central America Packaging Film Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Packaging Film Market
9.5.5.1.1Brazil Packaging Film Market by Type of Material
9.5.5.1.2Brazil Packaging Film Market by Application
9.5.5.2Argentina Packaging Film Market
9.5.5.2.1Argentina Packaging Film Market by Type of Material
9.5.5.2.2Argentina Packaging Film Market by Application
9.5.5.3Rest of South and Central America Packaging Film Market
9.5.5.3.1Rest of South and Central America Packaging Film Market by Type of Material
9.5.5.3.2Rest of South and Central America Packaging Film Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.PACKAGING FILM MARKET, KEY COMPANY PROFILES
11.1.AEP INDUSTRIES INC
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.AMCOR LIMITED
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.AMPAC HOLDINGS, LLC
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.BEMIS COMPANY
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.BERRY PLASTICS CORPORATION
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.CHARTER NEX FILMS INC
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.DUPONT TEIJIN FILMS
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.EXOPACK HOLDING CORPORATION
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.GRAPHIC PACKAGING HOLDING CORPORATION
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.HILEX POLY CO LLC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. AEP Industries Inc
2. Amcor Limited
3. Ampac Holdings, LlC
4. Bemis Company
5. Berry Plastics Corporation
6. Charter Nex Films Inc
7. Dupont Teijin Films
8. Exopack Holding Corporation
9. Graphic Packaging Holding Corporation
10. Hilex Poly Co LlC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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