Packaging Film Market By Application & Type (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, PVC, Polyamide, EVOH, Cellulose, PLA, PVDC, PVOH & Others) - Global Trends & Forecast to 2018
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Ever increasing applications in food and pharmaceutical packaging and in the untapped Asia-Pacific market are presenting good opportunities for the packaging film industry. Though polyethylene is used as a key material for packaging film production, polypropylene is slowly becoming the preferred choice for manufacturers. Specifically, BOPP films market is growing at a significant rate during the recent years. Geographically, Asia-Pacific is expected to lead the market during the next five years.
In the application segment, food packaging is the key application area. However, packaging films are now increasingly used in pharmaceutical and consumer goods packaging. In the consumer goods segment, films are primarily used in personal care products such as packing of soap, shampoo, and other cosmetic products.
The global packaging film market was estimated at $89,299.3 million in 2012, and expected to grow at a CAGR of 5.8% from 2013 to 2018. Food packaging is the key application area for the packaging films and packaging film sales in food packaging market is expected to grow at 6.2% from 2012 to 2018.
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