The printed plastic films market size is likely to expand at a valuation of USD 4,997.8 million in 2023. Based on the printed plastic films market report, the adoption traces an average CAGR of 4.02% through 2033. At this growth rate, demand for printed plastic films is expected to register a valuation of USD 7,412.4 million by 2033.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Printed Plastic Films Market Size in 2023 | USD 4,997.8 million |
| Projected Market Size in 2033 | USD 7,412.4 million |
| Value-based CAGR from 2023 to 2033 | 4.02% |
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The scope for printed plastic films market insights rose at a 5.39% CAGR between 2018 and 2022. The global market for printed plastic film producers is anticipated to develop at a moderate CAGR of 4.02% over the forecast period from 2023 to 2033.
| Report Attributes | Details |
|---|---|
| Market Value in 2018 | USD 3912 million |
| Market Value in 2022 | USD 4,827.6 million |
| CAGR from 2018 to 2022 | 5.39% |
Printed plastic films have emerged as a versatile solution with a dual purpose. They not only protect the enclosed products but also enhance their visual appeal. This combination of functionality and aesthetics has garnered significant attention across diverse industries. These films are crafted from a variety of plastic materials, including PP, PE, BOPET, PVC, PA, bioplastics, and more.
Each material brings its unique set of properties to the table, such as chemical resistance, recyclability, durability, and high strength. As a result, printed plastic films have found applications in an array of sectors, including food and beverages, where they are gaining substantial traction.
The food and beverage industry, in particular, benefits from the protective attributes of these films, ensuring the freshness and safety of products. Simultaneously, the visually appealing packaging they provide contributes to effective branding and product presentation.
The expanding healthcare and electronics industries are poised to offer lucrative growth opportunities for the printed plastic films market. These sectors demand specialized packaging solutions to safeguard sensitive and valuable products, further bolstering the demand for printed plastic films.
The printed plastic films market is projected to experience modest growth throughout the forecast period with its wide range of applications and diverse material options. The market is driven by the convergence of functionality and aesthetics across various industries.
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Germany, India, the United States, the United Kingdom, and Japan. Among these five countries, the United States is leading the market, followed by Japan.
Expected Market Values in 2033
| Germany | USD 81.1 million |
|---|---|
| India | USD 72.9 million |
| The United States | USD 120 million |
| The United Kingdom | USD 61.2 million |
| Japan | USD 84 million |
Forecast CAGRs from 2023 to 2033
| Germany | 4.4% |
|---|---|
| India | 7.3% |
| The United States | 21% |
| The United Kingdom | 2.7% |
| Japan | 5.5% |
The printed plastic films market in Germany is projected to experience substantial growth, with a projected opportunity worth USD 81.1 million during the forecast period.
Germany, as reported by the Germany Trade and Invest (GTAI), boasts the status of having the fourth-largest food and beverage industry in the country. Additionally, it holds the position of being the third-largest importer and exporter of food and agriculture products globally. These factors, combined, are expected to significantly boost the demand for printed plastic films in Germany.
The food and beverage sector in the country, along with its significant position in the international food trade, underscores the potential for printed plastic films. These films play a crucial role in packaging and preserving food products, aligning with the stringent quality and safety standards upheld by the industry. As a result, Germany’s market is primed for the expansion of printed plastic films, driven by the dynamic landscape of its food and beverage industry.
The printed plastic films market in India is poised for substantial growth, with an anticipated CAGR of 7.3% in 2023. This growth is attributed to the escalating consumption of plastic flexible packaging within India.
The Federation of Indian Chambers of Commerce & Industry has confirmed a significant uptick in per capita plastic consumption, from around 12 kilograms in 2016 to a projected 20 kilograms by the end of 2022. This substantial increase reflects the country's growing reliance on plastic materials across various industries. As a consequence, there is an increasing preference for plastic, particularly in the form of flexible packaging, which encompasses printed plastic films.
The surge in demand is driven by the versatility, cost-effectiveness, and adaptability of plastic materials in catering to diverse industry needs. The projected growth underscores the pivotal role that printed plastic films play in India's evolving packaging landscape, aligning with the nation's expanding consumption of plastic products across numerous sectors.
The United States asserts a commanding presence in the global market, representing approximately 21% of the market share.
Collaborative initiatives among government bodies, industry stakeholders, and environmental organizations have further propelled the growth of recycling in the United States. These partnerships have fostered innovation and knowledge sharing, facilitating the development of efficient recycling processes and technologies.
The United States boasts a well-developed recycling infrastructure that encompasses collection, sorting, and reprocessing facilities. Technological advancements in sorting and reprocessing techniques have significantly improved the efficiency of recycling operations, enabling the recovery of a wide range of materials, including printed plastic films.
The United Kingdom asserts a commanding presence in the global market, representing around 2.7% of the market share.
The rising favorability of PET packaging products has significantly bolstered its market presence in recent years. Plastic bottle quality continues to advance, expanding into segments traditionally reliant on different materials.
The United Kingdom’s packaging industry is on the upswing, driven by the expanding industrial sector's heightened demand for packaging services. Plastic packaging predominantly characterizes the packaging sector, benefitting from robust manufacturing capabilities.
The United Kingdom Parliament estimates an annual usage of five million tons of plastic, with packaging accounting for around half of this volume. The flexible packaging industry's growth, supported by international players' expansion and local business acquisitions, further fuels the demand for plastics.
Japan is anticipated to reach USD 84 million in 2023, expanding at a market share of 5.5%.
The market in the country is poised for significant growth driven by the increasing adoption of flexible packaging solutions across a spectrum of end-users and sectors. Notably, industries such as food & beverage, pet food, personal care, and others are contributing to this surge. The home and personal care segment, in particular, anticipates a notable uptick in flexible packaging demand, propelled by the adoption of innovative packaging solutions.
The food & beverage sector has experienced a substantial increase in demand for flexible packaging solutions in recent years. The trend is driven, in part, by an aging population's preference for small and flexible packaging options for food products. In essence, the market is poised for expansion, driven by the versatility and adaptability of flexible packaging across diverse industries.
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The below table highlights how polyethylene is projected to lead the market in terms of materials, expanding at a 22.8% market share in 2023. Also, the table further continues with the details about how the food & beverage is likely to spearhead sales based on source and is anticipated to witness a market share of 21.5% in 2023.
| Category | Market Shares 2023 |
|---|---|
| Polyethylene | 22.8% |
| Food & Beverage | 21.5% |
The polyethylene (PE) segment, valued at around 22.8% in 2023, is anticipated to retain its prominence owing to its advantageous properties and widespread usage across various industries.
The bioplastic segment is poised for significant growth and is expected to achieve a 5.8% compound annual growth rate (CAGR) throughout the forecast period. This growth trajectory is attributed to the rising adoption of sustainable packaging solutions, reflecting a broad industry shift toward environmental consciousness.
The food & beverage segment is expected to continue dominating the printed plastic films industry with a market share of 21.5% in 2023 based on End-users.
The global printed plastic films market is projected to experience significant growth, driven primarily by the healthcare, electronics, and food & beverage industries. These key sectors are poised to collectively generate substantial growth opportunities throughout the forecast period. Also, the growing preference for flexible packaging solutions within these industries is a key factor expected to boost the demand and sales of printed plastic films.
Key players operating in printed plastic films are strengthening their footprint through mergers or acquisitions to expand their resources. Also, manufacturers of printed plastic films are focusing on product innovation and capacity expansion.
Some of the key developments are
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | USD 4,997.8 million |
| Projected Market Valuation in 2033 | USD 7,412.4 million |
| CAGR Share from 2023 to 2033 | 4.02% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Material, Technology, End-user, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Amcor Plc; Berry Global Group, Inc.; Huhtamäki Oyj; Sonoco Products Company; Sealed Air Corporation; Mondi Group; DS Smith Plc; Constantia Flexibles Group GmbH; Winpak Ltd.; Coveris Holdings S.A.; Glenroy, Inc.; Schur Flexibles Group GmbH; ProAmpac LLC; Bischof & Klein GmbH & Co. KG; Clondalkin Group Holdings B.V.; Flair Flexible Packaging Corporation; Interflex Group Inc.; Uflex Ltd.; Takigawa Corporation; Bryce Corporation |
The polypropylene random copolymers market is expected to reach USD 4,997.8 million in 2023.
The market for polypropylene random copolymers is set to expand by a CAGR of 4.02% by 2033.
The polypropylene random copolymers industry is forecast to reach USD 7,412.4 million by 2033.
The United States is likely to be the top-performing market, accounting for USD 120 million by 2033.
Polyethylene (PE) is preferred and is expected to rise at a market share of 22.8% through 2033.
| Market Estimated Size (2023) | USD 24,230 million |
|---|---|
| Market Forecasted Size (2033) | USD 39,785 million |
| Market CAGR (2023 to 2033) | 5.1% |
| Market Size (2023) | USD 1,192.2 million |
|---|---|
| Sales Forecast (2033) | USD 1,748.98 million |
| Market CAGR (2023 to 2033) | 4.1% |
| Estimated Size, 2021 | USD 3.3 billion |
|---|---|
| Projected Size, 2031 | USD 5.9 billion |
| Value-based CAGR (2021 to 2031) | 5.8% |
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