Global Speciality Plastic Films Market Report and Forecast 2024-2032

Global Speciality Plastic Films Market Outlook

The global speciality plastic films market size is expected to grow at a CAGR of 7% in the forecast period of 2024-2032. The market growth is being driven by the rising demand for bioplastics.

The growing environmental issues around the globe have led to an increased demand for plastics based on biopolymers. These bio-based plastics are produced from biodegradable and renewable raw materials such as plant seeds, including sugarcane, soybean, wood pulp, maize, wheat, coffee, and castor. Such bio-based plastics will be increasingly used in industrial and consumer goods applications to decrease emissions and general carbon footprint considerably. The use of biodegradable packaging is further enhanced by corporate eco-friendly projects and the abundance of raw materials during the bioplastic production. Despite the useful features of standard plastics, the ongoing product advances by polymer producers will increase the acceptance of bio-plastic packaging.

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Market Segmentation

Plastic film is described as a consistent type of thin plastic material, generally tore or cut into sheets on a core. It is possible to manufacture plastic film from distinct plastic resins, each with its distinctive physical characteristics that are different for different apps.

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The speciality plastic films industry can be divided based on end-use into:

• Packaging 
• Personal Care
• Electrical and Electronics
• Others

The EMR report looks into the regional markets of speciality plastic films like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

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Market Analysis

The speciality plastic films market is driven by the growing adoption of bioplastics. The various useful characteristics of speciality plastic films, such as their high tensile strength, durability, high temperature, and moisture, chemicals, and gas resistance, will increase their demand for food and beverage packaging applications. Speciality plastic films are lightweight, puncture-resistant, and improve aesthetic appearance, thus, improving the saleability of food and beverage products. The increasing demand for packaged food and beverage products is anticipated to fuel the need for fresh packaging techniques and effective packaging materials such as speciality plastic films. The growing demand for packaged food is an essential factor driving the development of the market for speciality plastic films.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global speciality plastic films market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Bemis Co. Inc.     
• Berry Global Inc. 
• SABIC Corporation (TADAWUL: 2010)
• Sealed Air Corp. (NYSE: SEE)    
• Toray Industries Inc. (TYO: 3402)
• Others 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

Key Highlights of the Report