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.
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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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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.
The speciality plastic films industry can be divided based on end-use into:
Looks into the regional markets of speciality plastic films like:
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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.
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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:
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.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global speciality plastic films market is projected to grow at a CAGR of nearly 7% in the forecast period of 2024-2032.
The major drivers of the industry include rising disposable incomes, increasing population, and the rising demand for packaged food and beverage products.
The rising adoption of bioplastics is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading end use sectors in the industry include packaging, personal care, and electrical and electronics, among others.
The leading players in the market are Bemis Co. Inc., Berry Global Inc., Sealed Air Corp. (NYSE: SEE), Toray Industries Inc. (TYO: 3402), and SABIC Corporation (TADAWUL: 2010), among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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