Global plastic films and sheets market estimated at US$120 bln by 2020

摘要

GLOBAL demand for plastic films and sheets market was valued at US$90 bln in 2014, and is expected to reach US$120 bln in 2020, growing at a CAGR of around 5 % between 2015 and 2020, as per Zion Research. Plastic film is a thin continuous polymeric material. Thicker plastic material is often called a "sheet". These thin plastic membranes are used to separate areas or volumes, to hold items, to act as barriers, or as printable surfaces. Plastic exhibits outstanding physical and chemical properties. Hence, plastic films and sheets are widely used in different industries such as food packaging, agriculture, pharmaceuticals, construction, consumer goods and personal care products. Polyethylene, polypropylene, polyester, nylon, polyvinyl chloride, etc. are major raw materials used in the manufacturing of plastic films and sheets. The major driving factor for plastics films and sheets market is growing flexible packaging industry across the world. Another factor that drives the demand of plastic films and sheets is raising demand for bio-plastic materials. As plastics film and sheets offers recycling of plastic and act as a substitute to glass and metal material. It is considered as a major driving factor for the plastic films and sheets demand. However, availability and prices of the raw materials is expected to limit the growth of this industry.