Packaging Films Market by Application (Food, Beverage, Pharmaceutical & Healthcare, Personal Care & Cosmetics), Film(PE, BOPP, BOPET, CPP, PVC, PA, EVOH, Cellulose), Type (Pouches, Bags, Films & Wraps, Rollstock), Region - Global Forecast to 2033
The packaging films market is projected to grow from USD 105.4 Billion in 2024 to USD 159.7 Billion by 2033, at a CAGR of 4.7% during the forecast period. Food and beverages, pharmaceuticals, and consumer goods industries are very important for the packaging film as they are the main points which are creating the need for such. The food and beverage sector is an example, which uses flexible packaging extensively to keep product freshness, shelf life, and visual delight at the same time. The vast uptake of packaged and convenience foods is also one of the factors which contribute to a rise in the demand for high-barrier films that shield against moisture, oxygen, and light. The only thing that is keeping the growth of packaging films in the pharmaceutical industry in motion is the need for their use for the drugs and medical devices packaging materials that should be protected and secured by the films with much more advanced protective characteristics like, tamper-evidence and sterility. The demand for e-commerce has been growing and the increasing use of films that are lightweight, durable and provide extra protection of the packed material during shipping is one of the outcomes. Similarly, the creation of recyclable and biodegradable films as a result of concerns about the environment is gaining more popularity among various sectors be it consumers, and brands. As a result of these factors, the market for the packaging films is experiencing quite a strong increase in the interest of companies across these industries as they are in the quest for the best and the most innovative of their needs to be resolved.
Scope of the Report
Years Considered for the Study
2023-2033
Base Year
2023
Forecast Period
2024-2033
Units Considered
Value (USD Million), and Volume (Kiloton)
Segments
Application, Film, Type, and Region
Regions covered
North America, Asia Pacific, Europe, South America, and Middle East & Africa
"By Application, beverage is the fourth largest market share for packaging films during forecast period."
Packaging films are essential in the beverage sector, safeguarding and ensuring the longevity of a range of drinks such as carbonated beverages, fruit juices, water in bottles, and energy drinks. These films act as a strong barrier to moisture, oxygen and light thus keeping the products fresh and of their original quality. Their lightweight and flexible nature make them the best choice for transportation and storage. The use of packaging films is on the rise in single-serve and portion-controlled applications, with stand-up pouches and flexible bottles becoming more popular due to their convenience and durability. Beverage companies such as Coca-Cola, PepsiCo, Nestle, and Red Bull, which are among the leading brands in the beverage sector, use packaging films not only to enhance shelf life but also to promote sustainability and product appeal to consumers who are becoming more demanding and seeking emerging trends in the industry.
"By Film, PVC account for fifth largest market share for packaging films during forecast period."
One of the main reasons why polyvinyl chloride (PVC) has made its mark in the packaging film industry is because it is sterile, biocompatibile as well as highly resistant to chemicals. Due to its easy sterilization feature, packaging films are suitable for healthcare purposes including the packaging of medical devices as well as containers of pharmaceuticals. PVC's chemical resistance property assures of its use in the chemical sector and even in industrial applications. PVC's utility goes beyond construction, agricultural and automotive industries where it is used for weather-resistant roofing, greenhouse coverings, and protective coatings, respectively. With its property of being unusual and unique as well as its adaptability, PVC is able to solidify its position as a material of choice in the packaging film industry.
"By Type, films & wraps account for fourth largest share during forecast period."
Packaging films are vital tools for the protection, bunching, and keeping of a wide range of products from different industries. They offer fundamental resistance to humidity, dust, and other external factors, thus, they are an important tool that ensures the conservation of your product both during storage and transportation. Certain varieties of films serve unique needs: a stretch film, which has a flexible quality, has been used worldwide in the transportation and storage industry to hold and stabilize the packs on pallets, hence the minimization of the harm possible along the route. When food trays are shrink-wrapped with films and the heat is applied, it forms a tight protective layer, which is the main reason for it, and this is why they are most commonly used in the beverage industry for tamper-evident packaging. Barrier materials have the most reliable moisture, oxygen, and light barriers which are necessary for longer storage periods of meat products.
Wrap packaging involving flexible films or materials shrunk around products, is the most used packaging type in food and beverage, logistics, retail, manufacturing, and healthcare sectors. The food industry makes use of the cling film wraps which are used to cling to providing quality and safety and subsequently, shrink wraps which are used to bundle beverages and snacks such as drinks are used together. In logistics, stretch wraps are essential for the stabilization of palletized goods during the transport. Shrink wraps allow retailers to secure consumer goods into a compact package that is both tamper-evident and visually appealing. Thus, wrap packaging is used for protecting construction materials and large or odd-shaped items, while healthcare wrap packaging is used to protect sensitive products from infection.
"Middle East & Africa is accounted fourth larget market for Packaging films in 2023."
The Middle East & Africa region is accounted fourth larget in the packaging films market. The packaging films market in the Middle East & Africa is propelled by several key drivers such as rapid urbanization, increasing disposable incomes, and rising consumer preference for convenience and quality of products. The region's expanding retail and e-commerce sector is making it more and more necessary for effective packaging that not only protects the product but also appeals to consumers. Besides, there is an increasing concern towards food safety and providing more shelf life, which in turn, drives the need for advanced barrier films. The rapid growth of the pharmaceutical and healthcare sectors is also supporting the market due to the need of special packaging for medical and pharmaceutical products. In addition, the rising environmental consciousness is causing the packaging to be more green and recyclable, thus the market is further boosted.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the packaging films market.
By Company Type: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
By Designation: C Level: 35%, Director Level: 30%, and Others: 35%
By Region: North America: 25%, Europe: 20%, APAC: 45%, Middle East & Africa: 5%, and South America: 5%
Companies Covered: The global packaging films market comprises major manufacturers, such as Berry Global Inc. (US), Amcor Plc (Switzerland), RKW Group (Germany), Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Charter Next Generation (US), Mylar Specialty Films (UK), Sealed Air (US), Coveris (Austria), and SRF Limited (India), among others.
Research Coverage
The market study covers the packaging films market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on application, film, type, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the packaging films market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall packaging films market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Surging demand across major end-use industries, Rising demand for bi-axially oriented films, and Shifting demand towards flexible packaging films), restraints (Limited infrastructure facilities for recycling and Stringent regulations due to environmental concerns), opportunities (Untapped opportunities in emerging markets and Increasing use of packaging films in e-commerce market) and challenges (Vulnerability in raw material prices and Complex recycling processes).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the packaging films market
Market Development: Comprehensive information about lucrative markets - the report analyses the packaging films market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the packaging films market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Berry Global Inc. (US), Amcor Plc (Switzerland), RKW Group (Germany), Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Charter Next Generation (US), Mylar Specialty Films (UK), Sealed Air (US), Coveris (Austria), and SRF Limited (India), among others in the packaging films market. The report also helps stakeholders understand the pulse of the packaging films market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 PACKAGING FILMS MARKET SEGMENTATION
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.3 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PACKAGING FILMS MARKET
4.2 ASIA PACIFIC: PACKAGING FILMS MARKET, BY APPLICATION AND COUNTRY
4.3 PACKAGING FILMS MARKET, BY APPLICATION
4.4 PACKAGING FILMS MARKET, BY FILM
4.5 PACKAGING FILMS MARKET, BY TYPE
4.6 PACKAGING FILMS MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Surging demand across major end-use industries
5.2.1.2 Rising demand for bi-axially oriented films
5.2.1.3 Shifting demand toward flexible packaging films
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations due to environmental concerns
5.2.3 OPPORTUNITIES
5.2.3.1 Expanding industrial activities in emerging markets
5.2.3.2 Growing use of packaging films in e-commerce
5.2.4 CHALLENGES
5.2.4.1 Vulnerability in raw material prices
5.2.4.2 Complex recycling processes
5.2.4.3 Limited infrastructure facilities for recycling
6 INDUSTRY TRENDS
6.1 PORTER'S FIVE FORCES ANALYSIS
6.1.1 THREAT OF NEW ENTRANTS
6.1.2 THREAT OF SUBSTITUTES
6.1.3 BARGAINING POWER OF SUPPLIERS
6.1.4 BARGAINING POWER OF BUYERS
6.1.5 INTENSITY OF COMPETITIVE RIVALRY
6.2 VALUE CHAIN ANALYSIS
6.3 TRADE ANALYSIS
6.3.1 EXPORT SCENARIO (HS CODE 3920)
6.3.2 IMPORT SCENARIO (HS CODE 3920)
6.4 IMPACT OF GEN AI ON PACKAGING FILMS
6.4.1 INTEGRATING AI IN PACKAGING FILMS
6.4.2 BEST PRACTICES TO LEVERAGE AI FOR PACKAGING FILMS MARKET
6.4.3 USE CASES OF GENERATIVE AI IN PACKAGING FILMS MARKET
6.4.3.1 Future of generative AI in packaging films market
6.5 MACROECONOMIC INDICATORS
6.5.1 GLOBAL GDP OUTLOOK
6.6 TECHNOLOGY ANALYSIS
6.6.1 KEY TECHNOLOGIES
6.6.1.1 Active packaging technology
6.6.1.2 Nanotechnology
6.6.2 COMPLEMENTARY TECHNOLOGIES
6.6.2.1 Digital printing technology
6.6.2.2 Packaging automation technology
6.7 TARIFF AND REGULATORY LANDSCAPE
6.7.1 TARIFF RELATED TO PACKAGING FILMS MARKET
6.7.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.8 CASE STUDY ANALYSIS
6.8.1 BERRY GLOBAL: ENHANCING SHELF LIFE WITH ADVANCED BARRIER FILMS
6.8.2 SEALED AIR: INNOVATIVE PROTECTIVE PACKAGING FOR FRAGILE GOODS
6.8.3 CONSTANTIA FLEXIBLES: ECO-FRIENDLY FILMS FOR SUSTAINABLE PACKAGING
6.9 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.10 KEY CONFERENCES & EVENTS IN 2024-2025
6.11 KEY STAKEHOLDERS AND BUYING CRITERIA
6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.11.2 BUYING CRITERIA
6.12 ECOSYSTEM ANALYSIS
6.13 PATENT ANALYSIS
6.13.1 INTRODUCTION
6.13.2 METHODOLOGY
6.14 PRICING ANALYSIS
6.14.1 AVERAGE SELLING PRICE OF PACKAGING FILMS, BY REGION
6.14.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY FILM TYPE
6.14.3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PRODUCT TYPE
6.14.4 INVESTMENT AND FUNDING SCENARIO
7 PACKAGING FILMS MARKET, BY FILM
7.1 INTRODUCTION
7.2 PE
7.2.1 VERSATILE APPLICATIONS IN FOOD & BEVERAGE INDUSTRY
7.3 BOPP
7.3.1 GROWING USE IN VARIOUS PACKAGING APPLICATIONS
7.4 CAVITATED BOPP
7.4.1 GROWING DEMAND DUE TO LOW WEIGHT, IMPROVED PRINTABILITY, AND REDUCED COST
7.4.2 OTHER BOPP
7.5 CPP
7.5.1 INCREASING USES DUE TO COST-EFFICIENCY AND AVAILABILITY
7.6 BOPET
7.6.1 HIGH DEMAND DUE TO SUPERIOR FUNCTIONAL PROTECTION AND ESTHETIC APPEAL
7.7 PVC
7.7.1 GROWING APPLICATIONS IN MEDICAL SECTOR DUE TO BIOCOMPATIBILITY AND CHEMICAL RESISTANCE
7.8 PA
7.8.1 INCREASING APPLICATIONS DUE TO STRENGTH, BARRIER PROTECTION, AND VERSATILITY
7.9 EVOH
7.9.1 HIGH DEMAND FOR ITS BARRIER PROTECTION, FLEXIBILITY, AND COMPATIBILITY
7.10 CELLULOSE
7.10.1 EXCELLENT FUNCTIONALITY AND ENVIRONMENTAL BENEFITS ACROSS INDUSTRIES
7.11 OTHER FILMS
8 PACKAGING FILMS MARKET, BY TYPE
8.1 INTRODUCTION
8.2 POUCHES
8.2.1 CONVENIENT PACKAGING, HEAT-SEALING CAPABILITIES, AND USER-FRIENDLY DESIGN
8.3 ROLL STOCK
8.3.1 DESIGNED TO INCREASE SHELF LIFE AND RETAIN FLAVOR AND AROMA
8.4 BAGS
8.4.1 PROVIDE ESTHETIC IMPACT AND BOOST MARKETING EXPOSURE
8.5 WRAPS
8.5.1 INCREASING ONLINE SALES AND EXPANDING E-COMMERCE INDUSTRY
8.6 OTHER PACKAGING TYPES
9 PACKAGING FILMS MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 FOOD
9.2.1 INCREASING DEMAND FOR CONVENIENCE AND READY-TO-EAT FOOD
9.3 BEVERAGE
9.3.1 POUCHES TO BE MOST PREFERRED PACKAGING SOLUTION
9.4 PHARMACEUTICAL & HEALTHCARE
9.4.1 INCREASING USE IN PACKAGING OF SINGLE-DOSE AND UNIT-DOSE PHARMACEUTICAL PRODUCTS
9.5 PERSONAL CARE & COSMETICS
9.5.1 GROWING USE IN SINGLE-USE AND TRAVEL-SIZED PERSONAL CARE PRODUCTS
9.6 OTHER APPLICATIONS
10 PACKAGING FILMS MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 Population growth and increase in infrastructure
10.2.2 INDIA
10.2.2.1 Changing consumer trends and economic growth
10.2.3 JAPAN
10.2.3.1 Growth of healthcare and manufacturing sectors
10.2.4 SOUTH KOREA
10.2.4.1 Growing personal care & cosmetics industry
10.2.5 INDONESIA
10.2.5.1 Growing food & beverage industry
10.2.6 AUSTRALIA
10.2.6.1 Increasing emphasis on sustainability and environmental responsibility
10.2.7 THAILAND
10.2.7.1 Rising demand for convenient and ready-to-eat foods
10.2.8 PHILIPPINES
10.2.8.1 Urbanization and rising incomes fueling market
10.2.9 VIETNAM
10.2.9.1 Country's growing pharmaceutical industry
10.2.10 MALAYSIA
10.2.10.1 Growing demand for packaged food and beverages
10.2.11 REST OF ASIA PACIFIC
10.3 NORTH AMERICA
10.3.1 US
10.3.1.1 Stringent government regulations on packaging industry
10.3.2 CANADA
10.3.2.1 Rising demand for precise packaging
10.3.3 MEXICO
10.3.3.1 Expanding opportunities due to technological advancements and innovative packaging
10.4 EUROPE
10.4.1 GERMANY
10.4.1.1 Growing demand from expanding e-commerce industry
10.4.2 ITALY
10.4.2.1 Increased demand with growth of agrifood business
10.4.3 FRANCE
10.4.3.1 Expanding geriatric population and rising health concerns
10.4.4 SPAIN
10.4.4.1 Increasing exports of agricultural goods
10.4.5 UK
10.4.5.1 Expansion of e-commerce industry
10.4.6 RUSSIA
10.4.6.1 Growing demand for packaged food products
10.4.7 REST OF EUROPE
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 Saudi Arabia
10.5.1.1.1 Saudi Vision 2030 to play a crucial role in driving market
10.5.1.2 UAE
10.5.1.2.1 Growth of food and healthcare sectors
10.5.1.3 Rest of GCC countries
10.5.2 TURKEY
10.5.2.1 Increasing use of flexible packaging
10.5.3 SOUTH AFRICA
10.5.3.1 Government initiatives to support market growth
10.5.4 REST OF MIDDLE EAST & AFRICA
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.1.1 Growing agricultural exports and packaged food consumption
10.6.2 ARGENTINA
10.6.2.1 Growing food & beverage industry
10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES
11.3 REVENUE ANALYSIS
11.4 MARKET SHARE ANALYSIS
11.5 PRODUCT/BRAND COMPARISON ANALYSIS
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.6.5.1 Company footprint
11.6.5.2 Application footprint
11.6.5.3 Film footprint
11.6.5.4 Type footprint
11.6.5.5 Region footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023