According to Future Market Insights (FMI), the printed plastic films market will witness steady growth at 3.9% CAGR over the forecast period (2022-2032). Sales in the market are expected to reach US$ 4.8 Bn in 2022 and surpass a valuation of US$ 7.1 Bn by the end of 2032.
Printed plastic films are the flexible packaging solution created through blown film or cast film processes that involve the melting of the polymer resin. Printed plastic films are used in packaging various products due to their beneficial properties such as lightweight, cost-effective, convenient, barrier properties, sustainability, and others.
The printed plastic films are also used as a marketing tool as the company can print its logo or name and that can be used for packaging the product. This works as a promotion tool for diverse industries such as food & beverage, healthcare and others.
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Also, the printed plastic films offer an aesthetic look to the product which is gaining immense traction among various end users. Moreover, increasing preference and use of flexible packaging solutions will augment the sales of printed plastic films across the globe.
Subsequently, expansion of food & beverage industry is estimated to create lucrative growth opportunity for the printed plastic films market. Development of the latest printing technologies will also drive the growth of printed plastic films.
Key Takeaways from the Printed Plastic Films Market
- By material, polyethylene (PE) segment is projected to hold around 22% of the market value share by the end of 2032 due to its superior flexibility, lightweight and highly adaptable property.
- In terms of end-use, the food & beverage segment is projected to create a growth opportunity of US$ 355.6 Mn during the forecast period.
- On the basis of printing technology, flexographic printing segment will register a CAGR of 4.9% in the global plastic printed films market.
- North America is expected to lead the market by contributing almost 1/4th of demand share by the end of 2022.
- South Asia printed plastic films market is projected to expand 1.7 times the current market value during the forecast period.
“Cost-effectiveness of plastic film packaging over other materials and increasing preference for appealing packaging solutions is escalating the growth of printed plastic films market. Further, growing trend for sustainable packaging solutions will create growth opportunity for the bioplastic printed plastic films market” – says FMI analyst
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Printed Plastic Films Market Landscape
Amcor Plc, Berry Global Group, Huhtamäki Oyj, Sonoco Products Company, Sealed Air Corporation, Mondi Group, DS Smith Plc, and Constantia Flexibles Group GmbH are the key players operating in the printed plastic films market. Also, some of the other noticeable players in the printed plastic films market include Winpak Ltd., Coveris Holdings S.A., Glenroy Inc., Schur Flexibles Group GmbH, ProAmpac LLC, Bischof & Klein GmbH & Co. KG, Clondalkin Group Holdings B.V., Interflex Group Inc., Uflex Ltd. and others. The key players in tier 1 hold around 10-15% of the global printed plastic films market.
Printed Plastic Films Market by Category
By Material:
- Polypropylene (PP)
- Polyethylene (PE)
- Biaxially Oriented Polyethylene Terephthalate (BOPET)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Bioplastics
- Other Plastics
By Printing Technology:
- Flexographic Printing
- Digital Printing
- Offset
- Gravure
By End Use:
- Food & Beverages
- Healthcare
- Electronics
- Cosmetics & Personal Care
- Homecare
- Other End Use
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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