Packaging Films Market Demand, Industry Trends, Sales Analysis, Growth Opportunities 2033

ByNiranjan karde

The packaging films market is expected to be worth US$ 149.6 billion in 2023 and US$ 223.5 billion by 2033, with a CAGR of 4.1% from 2022 to 2032. The global packaging film industry is predicted to expand significantly due to increased application in pharmaceutical, food and beverage, and other industries.

The rising middle-class population and increased disposable income are predicted to propel the packaged food and personal care goods business. Over the forecast period, rising demand in these industries is expected to contribute to an increase in packaged goods and packaging films.

Developing economies are investigating the various advantages of packaged products in a variety of industrial areas to boost demand for packaging films. Plastics have non-corrosive, light, and relatively inexpensive properties that are predicted to boost global market growth for packaging films.

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Key Takeaways

  • The United States may control 20% of the packaging films market.
  • From 2023 through 2033, Germany maintained its 4.4% market share.
  • Japan may control 5.8% of the packaging films industry.
  • From 2023 to 2033, Australia held a 1% market share for packaging films.
  • The Chinese packaging films market is expected to record a 5.8% CAGR until 2033.
  • The India packaging films industry is expected to register a 6.4% CAGR between 2023 and 2033.
  • The packaging films market in the United Kingdom is expected to thrive at a 2.9% CAGR between 2023 and 2033.
  • From 2023 to 2033, the Polypropylene (PP) subcategory of the material type category might have a market share of 23.3%.
  • The food segment in the end-use category may account for 33.5% of the market share between 2023 and 2033.

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Packaging Films Market By Category

By Material Type:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)
  • Polyamide (PA)
  • Ethyl Vinyl Alcohol (EVOH)
  • Polyvinylidene Chloride (PVDC)
  • Bioplastics
  • Others

By Product Type:

  • Pouches
  • Bags & Sacks
  • Tubes
  • Liners
  • Sachets & Stick Packs
  • Tapes & Labels
  • Wraps/Rolls

By End Use:

  • Food
    • Meat, Seafood, and Poultry
    • Ready to Eat Meals
    • Dairy Products
    • Bakery and Confectionery
    • Other Food Products
  • Beverages
    • Alcoholic Beverages
    • Non-Alcoholic Beverages
  • Homecare Products
  • Personal Care Products
  • Healthcare Products
  • Electronics & Electricals
  • Other Industrial Goods

By Region:

  • North America
  • Latin America
  • Europe
  • The Middle East and Africa
  • East Asia
  • South Asia
  • Oceania