Packaging Films Demand Analysis:
Packaging films are used in various industries like food & beverages, consumer goods, healthcare products, electrical & electronics, etc.
The rise in packaged food demand and the increasing demand for packaging films to increase the shelf life of products is expected to boost the packaging film market in the forecast period. Food bags, bubble packaging, tray covers, in-store bags, and overwraps, are the primary uses of packaging films. The easy availability and the rising demand of sustainable packaging solutions will help in increasing the packaging films for polypropylene packaging film, boosting the growth of the packaging films market. Packaging is an important tactic for extending the shelf life of fresh-cut agricultural products that have been packed.
In terms of demand by type, polyethylene films dominate the packaging films market. Among the various types of polyethylene, LDPE films are the most commonly used films. These films have good strength, tear resistance, heat stability, and high transparency which makes them a suitable option for wrapping products.
Packaging films Region Analysis:
The Asia Pacific region dominates the packaging films market on the back of strong demand from the food & beverages industry. China dominates the market in the region due to the busy lifestyles and the need for convenience products, the demand for diverse packaging films is high. Packaging films are widely used in the food & beverages industry because they are lightweight, affordable, and convenient and are used in homes and restaurants to keep the food safe from any kind of contaminants. Food manufacturers are working towards increasing the shelf life of processed foods and the strong presence of the food & beverages industries in countries like China, Japan, and India are expected to boost the packaging film demand in the forecast period.
Packaging films are widely used for commercial as well as residential purposes. HPDE, LDPE, polystyrene, and polypropylene are the most common types of plastics used in the packaging industry. These plastics are available in colored and transparent versions. Due to its lightweight characteristics, packaging films are used in a wide range of products including cereal boxes, disposable utensils, frozen food bags, trash bags, etc. The use of packaging films is
3M Company, Amcor Ltd., Bemis Company, Berry Plastics Corporation, Bilcare Limited, Bio Pack Films, Bischof + Klein SE & Co, Borealis AG, CCL Industries Inc, Cosmo Films Ltd, Dunmore are some of the packaging film manufacturers globally.
Recently, Amcor announced a new line of recyclable PrimeSeal and DairySeal which are types of recycle-ready thermoplastic films that will be used for the packaging of meat, fish, and dairy products. These films can lower carbon footprints by more than 70% in comparison with PA, PET, and other types of films.
Petroleum-based films were traditionally used to wrap fruits and vegetables. These films are derived from non-renewable resources and are non-biodegradable, which causes environmental issues. The rising awareness of the environmental concerns regarding the use of plastics and their inability to get recycled are driving the focus towards the use of bioplastics. Several market players are shifting their focus towards the production of biodegradable films which are derived from food sources such as soy, gelatine, papaya, gluten films, tree fiber films, etc. These films are designed in such a way that they can provide the same characteristics as traditional films but can now be recycled and not harm the environment.
The increasing awareness about the safety of the environment and the rising demand from environmental activists to invest more in sustainable forms of packaging such as biodegradable films might impact the packaging industry in the coming years.
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