NEWARK, DE:, Sept. 21, 2023 (GLOBE NEWSWIRE) — The global printed plastic film market is expected to reach a value of US$4,997.8 million in 2023, driven by growth in printed plastic film insights.. The driving trend continues to create new market opportunities, leading to an assumed CAGR of 4.02% between 2023 and 2033. The market is likely to reach a total valuation of around US$7,412.4 million by 2033.
Technological advances play a pivotal role in the development of recyclable films, providing them with improved properties and sustainable end-of-life options. This technological advancement is leading to rapid market expansion, primarily driven by increasing consumer awareness and growing demand for environmentally friendly alternatives. Many industries, including leading sectors, are adopting recyclable films as a sustainable packaging solution.
Collaborative efforts involving governments, industry associations and recycling organizations are working to create effective recycling infrastructure and legislation. These initiatives are essential to strengthen the productive recycling ecosystem for plastic films, contributing to a sustainable future.
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PET films, whose applications include packaging, electronics, textiles and printing, have emerged as a sustainable option. Its ease of recycling facilitates the creation of a closed-loop system that reduces the need for new materials and reduces waste, in line with circular economy principles.
Printed plastic films provide an attractive aesthetic appearance to products, attracting great interest from a variety of end users. This appeal plays a pivotal role in enhancing product desirability and brand recognition, leading to its widespread adoption.
The growing preference for flexible packaging solutions is an important driver driving printed plastic film sales across the global market. This preference is based on the convenience, versatility and sustainability that flexible packaging solutions provide.
The expansion of the food and beverage industry is expected to create lucrative growth opportunities for the printed plastic films market. As the industry continues to grow, the demand for innovative and eye-catching packaging solutions, such as printed plastic films, is expected to rise alongside it.
The development of the latest printing technologies also contributes to the growth of printed plastic films and enhances their capabilities and appeal. These innovations enable manufacturers to produce high-quality, visually stunning packaging that matches consumer expectations and market trends.
Key takeaways from the market study
- The United States is scheduled to gain a market share of 21% in 2023.
- Japan is expected to develop a market share of 5.5% in 2023.
- Based on materials, polyethylene is likely to register a market share of 22.8% in 2023.
- Based on end use, food and beverages are expected to register a market share of 21.5% in 2023.
- Polypropylene Random Copolymer Market Insights has increased at a CAGR of 5.39% between 2018 and 2022.
- The market value reached US$4,827.6 million in 2022.
“High demand for graphic packaging across food items And The beverage industry will improve the adoption of printed plastic films. It is one of the major drivers of the printed plastic films market“,” Comments a Future Market Insights analyst.
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The printed plastic films industry consists of a large number of market players. Research and development is one such element that is mainly used to offer eco-friendly product lines from the core aspect of these manufacturers. In addition, the major players are also aiming to pursue some other expansion strategies, including collaborations, mergers and acquisitions and exploring regulatory approvals to strengthen their market position. Some new developments are listed below.
- In March 2023, Glenroy® Inc., a leading manufacturer of converters and printers for sustainable flexible packaging, invested in the latest flexographic plate assembly and disassembly technology, raising its high quality standards to even greater heights.
- In August 2023, Glenroy® Inc. announced Proudly announced the leadership transition as part of its strategic growth plan. The company had been diligently preparing for this next phase and it marked a pivotal moment in Glenroy’s journey.
Overview of the main companies
- Amcor Company S.A.L
- Berry International Group Company
- Hotamaki Oyig
- Sunoco Products Company
- Sealed air company
- Mundi Group
- DS Smith Company
- Constantia Flexible Group LLC
- WINPAC LIMITED.
- Coverez Holdings SA
- Glenroy Company
- Sure Flexible Group LLC
- Prompack LLC
- Bischof & Klein GmbH & Co. K.G
- Clondalkin Group Holdings BV
- Flair Flexible Packaging Company
- Interflex Group Company
- UFLEX LIMITED.
- Takigawa Company
- Price Company
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Printed Plastic Films Market by Category
According to the article
- Polypropylene (PP)
- Polyethylene (PE)
- Biaxial polyethylene terephthalate (BOPET)
- Polyvinyl chloride (PVC)
- Polyamide (PA)
- Other plastic materials
By printing technology
- Flexographic printing
- Digital printing
Depending on the end use
- Food and drinks
- health care
- Cosmetics and personal care
- Home care
- Other end uses
- north america
- latin america
- South Asia
- East Asia
- Middle East and Africa
More valuable insights are available
Our analysts provide unbiased analysis of the global Printed Plastic Film market providing historical data from 2018 to 2022 and forecast statistics between 2023 and 2033.
To understand the opportunities in the printed plastic films market, the market is segmented based on materials: (polypropylene (PP), polyethylene (PE), biaxial polyethylene terephthalate (BOPET), polyvinyl chloride (PVC), and polyamide (PA). , bioplastics and other plastics). and printing technology (flexographic, digital, offset and gravure) and end use (food and beverage, healthcare, electronics, cosmetics, personal care, home care and other end uses) across seven major regions (North America, Latin America, Eastern Europe, South Asia, East Asia, Oceania, Middle East and Africa).
About the author
Ismail Sutaria (Principal Packaging and Materials Consultant) has over 8 years of experience in market research and consulting in the field of packaging and materials. Ismail’s strength lies in identifying a client’s key challenges and providing logical, actionable insights to empower clients with strategic decision-making power.
Ismail has been an essential part of many transformational consulting assignments. His core skills include competitive performance measurement, opportunity assessment, macroeconomic analysis, and business transformation consulting. Ismail holds an MBA in Marketing and holds a Bachelor’s degree in Mathematics.
Ismail is a regular member of industry conferences and exhibitions and has been widely covered in electronic and print media. He is one of the speakers on our upcoming talk show – The Rise of Smart Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Society.
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