The packaging film market size is anticipated to observe significant growth during the study period. Packaging film has brought a transformation in the industry in recent years and has made its way into nearly all industries on account of its flexible attributes. It offers superior protection from moisture, dust, air, and leakage, demonstrates exceptional flexibility, and various thicknesses, transparencies, and colors can be utilized to produce it. Due to these attributes, it has huge deployment in many industries, including industrial, healthcare, food & beverage, and others, which is leading to the market expansion.

Fortune Business Insights presents this information in their report titled "Packaging Film Market, 2025–2032."

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Major Players Profiled in the Report:

• Amcor (Australia)
• Mondi (U.K.)
• Berry Global (U.S.)
• UFlex Limited (India)
• CCL Industries (Canada)
• Sealed Air (U.S.)
• Sigma Plastics Group (U.S.)
• Dow (U.S.)
• TOYOBO Co., Ltd (Japan)
• 3M Company (U.S.)

Segmentation:

By material, the market is divided into polypropylene (PP), polyvinyl chloride (PVC), ethyl vinyl alcohol (EVOH), polyethylene (PE), polyethylene terephthalate (PET), and others. The polypropylene (PE) segment registers the largest packaging film market share owing to its low cost and lightweight nature. In addition, it is suitable for heat sealing and is leakage-proof, which aids in wrapping around the product and protecting it with the help of an airtight seal.

In terms of type, the market is classified into shrink and stretch. The shrink segment occupies the largest share, which can be attributed to the durability and versatility provided by these films. In addition, these films are ideal for products of different sizes and shapes and bind them in one place.

With respect to end use, the market is segregated into homecare, e-commerce, electronics & electricals, personal care, food & beverage, industrial, healthcare, and others.

On the regional front, the market is categorized into Asia Pacific, North America, Latin America, the Middle East & Africa, and Europe.

Report Coverage

The strategic moves adopted by leading companies to stand out from the competition have been mentioned in the report. In addition, it highlights the top trends, key segments, and the impact of the COVID-19 pandemic on the market growth. Additional aspects of the report include the major driving and restraining factors impacting the market growth.

Drivers:

Increasing Inclination Toward Bioplastic Packaging Film Materials to Spur the Market Expansion

One of the major factors impelling the packaging film market growth is the growing inclination toward bioplastic packaging film materials, which can be credited to rising environmental concerns. The demand for these films is also propelled by the increasing demand for consumer goods and health products coupled with the growing e-commerce industry.

Despite such growth opportunities, the tightening regulations by governments of many countries on the deployment of single-use plastic to reduce plastic waste may hinder the market expansion.

Regional Insights:

Asia Pacific Secures Largest Share Impelled by Growing Number of Industries

Asia Pacific accounts for the largest share of the market, which can be ascribed to the increasing number of industries. This, coupled with well-developed electrical and electronics industries in nations including China, is augmenting the regional expansion.

North America is witnessing the fastest growth, which can be credited to the rising demand for packaging films in the pharmaceutical and food & beverage industries.

Information Source: https://www.fortunebusinessinsights.com/packaging-film-market-109386

Competitive Landscape:

Leading Players Deploy Product Development Strategies to Enhance Their Position

Many strategic initiatives, including joint ventures, partnerships, capacity expansions, and acquisitions, are being adopted by top companies to sustain their industry leadership. A wide array of companies are also focusing on product development strategies to boost their position.

Key Industry Development

March 2022: Cosmo Films Ltd., a prominent name in specialty films for flexible packaging, released white CCP (Cast Polypropylene) film. These products demonstrate nearly 1,800 gf/inch seal strength and high COF (Coefficient of Friction).

September 2021: Berry Global announced the launch of a multilayer bottle for condiments and table sauces to enhance sustainability and convenience. The bottle has been made by deploying polypropylene and features a layer of EVOH that enhances the shelf life of products.