Plastic Films and Sheets Market Size and Companies Trends
The global plastic films and sheets market size reached US$ 138.50 billion in 2023 and is projected to hit around US$ 253.52 billion by 2034, expanding at a CAGR of 5.65% during the forecast period from 2024 to 2034.
Global Plastic Films and Sheets Market Key Players
- Toray Industries, Inc.
- British Polythene Ltd.
- Toyobo Co., Ltd.
- Berry Global, Inc.
- SABIC
- Plastic Film Corporation of America
- Sealed Air
- Dow Inc.
- DuPont de Nemours, Inc.
- Novolex
- Amcor plc
- UFlex Ltd.
Latest Announcements by Plastic Films and Sheets Industry Leaders:
- In June 2024, A new project is added to the repertoire of Anton Debatin GmbH and Prezero Flexible Packaging GmbH's long-standing collaboration. The latter's experience allows DEBATIN to further improve the sustainability of its packaging solutions.
Thomas Rose, CEO of DEBATIN, packaging solutions providing company stated that, significant amount of company’s goods, which comprise over 80% PCR, have been using films created from PCR material for years. The new final product includes 60% PR material, with 50% originating from materials gathered through the home recycling system, such as mixed recyclables and plastic packaging, due to PreZero's experience. Even if the raw material used to make PR films is frequently contaminated, PreZero can still use its domestic waste streams. Frank Rieker, Managing Director of PreZero Polymers International GmbH, continues to state that the company can turn domestic waste streams into PCR plastics for DEBATIN by using company’s own sorting and recycling equipment. This indicates that even this very challenging-to-process garbage is making its way into recycling, promoting a more sustainable economy.
New Advancements in Plastic Films and Sheets Industry
- In March 2024, TOPPAN Speciality Films Private Limited (TSF) based in India and TOPPAN Inc. (TOPPAN), a TOPPAN Group company and a fully owned subsidiary of TOPPAN Holdings Inc. (TY0: 7911), have created GL-SP, a barrier film that uses biaxially oriented polypropylene (BOPP) as the substrate. Production and sales of the film are soon to begin. With a dominant market position worldwide, the TOPPAN Group's GL BARRIER1 family of transparent vapor-deposited barrier films now includes GL-SP as a new solution for sustainable packaging. Sales of GL-SP for the packaging of dry contents will begin in April of this year by TOPPAN and TSF, with an emphasis on markets in the Americas, Europe, India, and ASEAN.
- In January 2024, At Pharmapack 2024, TekniPlex Healthcare, plastic films and pouch material manufacturing company and Alpek Polyester, a company producing Alpek Polyester will present the "world's first" pharmaceutical-grade PET blister film with post-consumer recycled content.
