NEWARK DE: Sept. 21 2023 (GLOBE NEWSWIRE). The global printed film market is projected at US$ 4,997.8 Million in 2023. This will be driven primarily by the growth of printed plastic film insight.. The market is continuing to grow, creating new opportunities. A CAGR of 4.02% is expected between 2023-2033. The market will probably reach a total value of US$ 7,412.4 by 2033.
Technological advances are instrumental in developing recyclable films with better properties and more sustainable end-oflife options. The rapid growth of the market is largely due to the technological advancements, which are fueled by the increased awareness among consumers and the demand for eco-friendly options. Diverse industries, such as leading sectors, have embraced recyclable films as an environmentally friendly packaging solution.
Collaboration efforts between governments, industry associations, recycling organizations, and other recycling groups are aimed at establishing an efficient recycling infrastructure. These initiatives are crucial in creating a recycling ecosystem that is productive for plastic films and contributes to a sustainable tomorrow.
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PET films have become a viable option for a variety of industries including packaging, electronics and textiles. They are easily recyclable, allowing for a closed-loop recycling system. This reduces waste and the need for additional materials.
Plastic films with printed designs are attractive and visually appealing, which attracts a variety of consumers. This appeal is crucial in enhancing brand recognition and product desire, driving widespread adoption.
Globally, the growing preference for flexible packaging is driving the sale of plastic films printed with images. This preference is based on the convenience, flexibility, and sustainability of flexible packaging solutions.
The growth of the food and beverages industry will create lucrative growth opportunities in the printed plastic film market. The food and beverage industry is growing, which means that the market for printed plastic films will also grow.
The latest printing technology has also contributed to the growth and popularity of printed plastic films by enhancing their appeal and capabilities. These innovations enable manufacturers to create visually appealing packaging of high quality that meets consumer expectations.
Market Study Key Takeaways
- The United States is expected to have a 21 percent market share by 2023.
- In 2023, Japan’s market share is expected to be 5.5%.
- According to materials, it is expected that polyethylene will have a market share between 22.8% and 23.8% by 2023.
- Based on end-use, the food & beverage is expected to register a market share of 21.5% in 2023.
- The market for random polypropylene copolymers grew at a 5.39 CAGR from 2018 to 2022.
- In 2022, the market is expected to be worth US$ 4,827.6 millions.
“Demand for graphics packaging in the food industry The following are some examples of how to get started: The beverage industry will increase the adoption of printed films. The beverage industry is a key driver of the printed film market.,” Future Market Insights Analyst.
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Competitive Landscape
There are a number of players in the printed plastic film industry. The research and development is one of the main methods that these manufacturers use to introduce environment-friendly product line. In addition, key players also aim to follow a few expansion strategies including collaborations, mergers, acquisitions, as well as exploring regulatory approvals in order to strengthen their position on the market. Here are a few of the recent developments.
- In March 2023, Glenroy® Inc., a leading converter and printer of sustainable flexible packaging, invested in state-of-the-art flexographic plate mounting and demounting technology, taking their high-quality standards to even greater heights.
- In August 2023, Glenroy® Inc., proudly announced a leadership transition as part of its strategic growth plan. The company prepared for this new phase, which marked a pivotal point in Glenroy’s history.
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
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Market for Printed Plastic Films, by Category
By Material
- Polypropylene
- Polyethylene (PE)
- Biaxially-Oriented Terephthalate
- Polyvinyl chloride (PVC).
- Polyamide (PA),
- Bioplastics
- Other Plastics
Printing technology
- Flexographic printing
- Digital Printing
- Offset
- Gravure
By End Use
- Food & Beverages
- Healthcare
- Electronics
- Cosmetics & Personal Care
- Homecare
- Other End Uses
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
There are more valuable insights available
Our analysts offer a unbiased analysis of global printed plastic film market, providing historical data for 2018-2022 and forecast statistics for 2023-2033.
To understand opportunities in the printed plastic films market is segmented based on material: (polypropylene (PP), polyethylene (PE), biaxially oriented polyethylene terephthalate (BOPET), polyvinyl chloride (PVC), polyamide (PA), bioplastics and other plastics), printing technology (flexographic printing, digital printing, offset and gravure) and end use (food & beverages, healthcare, electronics, cosmetics & personal care, homecare and other end use) across seven major regions (North America, Latin America, Eastern Europe, South Asia, East Asia, Oceania, and Middle East & Africa).
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail played a key role in several transformational consulting projects. His main skills include macroeconomic analysis, competitive benchmarking and opportunity assessment. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail has appeared in many electronic and printed media outlets. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail was quoted in many leading publications including the European Pharmaceutical Review, and the European Adhesive Tape Association.
Take a look at related reports of the Packaging Domain:
Market share for recyclable plastic films: Market size for recyclable plastic films is estimated to reach US$ 24,230 millions in 2023, and US$ 39 785 million by 2033.
Plastic Dielectric Films: Market size is expected to grow at a CAGR (Compound Annual Growth Rate) of 4.1%, reaching a valuation of US$1,748.98 millions by 2033.
Cold Seal Plastic Films Market: The global market for cold seal films is expected to grow at a rate between 5,0% and 6,0% over the forecast period.
Craft Plastic Films Market Forecast: The packaging industry in general has been undergoing significant changes over the last few decades. This is due to changing consumer preferences and evolving design trends.
Plastic Healthcare Packaging Demand: The market for plastic healthcare packages is expected to reach a value of US$40,306.8 millions by 2033.
Future Market Insights
Future Market Insights, Inc., (ESOMAR-certified, Stevie Award winner, and member of the Greater New York Chamber of Commerce), offers deep insights into what is driving the demand on the market. FMI is the world’s leading provider of market information, advisory services and consulting for the Packaging and Food and Beverage industries, Consumer Technology, Health Care, Industrial and Chemicals. FMI’s team of analysts is composed of over 5,000 people worldwide. FMI offers global, local, and regional expertise in more than 110 different countries.
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