The printed plastic films market is on a trajectory of significant expansion, with a projected valuation of approximately US$ 4,997.8 million in 2023. According to market reports, this growth is expected to continue at an average Compound Annual Growth Rate (CAGR) of 4.02% through 2033, ultimately reaching an estimated valuation of US$ 7,412.4 million by that year.
One of the primary drivers of this robust market growth is the burgeoning demand within the food and beverage industry for attractive and flexible packaging solutions. In an era of heightened consumer preferences for visually appealing packaging, printed plastic films play a pivotal role in enhancing product attractiveness and branding.
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The market is poised for remarkable expansion, forecasted to grow to 1.5 times its current value from 2023 to 2033, indicating a growing adoption of printed plastic films across various industries.
South Asia and North America are set to play a significant role, jointly commanding about 47% of the global printed plastic films market. This prominence is attributed to the preference for flexible packaging solutions in these regions.
Furthermore, the healthcare and electronics sectors are presenting lucrative opportunities for the printed plastic films market. These industries demand specialized packaging solutions that provide protection, visual appeal, and durability, further fueling the demand for printed plastic films. This sustained growth is indicative of the ever-expanding role that printed plastic films play in modern packaging solutions across various sectors.
Also, the printed plastic films offer an aesthetic look to the product which is gaining immense traction among various end users. Moreover, increasing preference and use of flexible packaging solutions will augment the sales of printed plastic films across the globe.
Subsequently, expansion of food & beverage industry is estimated to create lucrative growth opportunity for the printed plastic films market. Development of the latest printing technologies will also drive the growth of printed plastic films.
Key Takeaways:
- Printed plastic films market set to reach $4,997.8 million in 2023 with a 4.02% CAGR through 2033.
- Food and beverage industry’s preference for attractive packaging is a major driver of printed plastic films sales.
- Market is expected to expand 1.5 times its 2023 value by 2033 due to increased adoption across industries.
- South Asia and North America together account for about 47% of the global printed plastic films market due to their flexible packaging preferences.
- Growing healthcare and electronics industries are creating demand for specialized printed plastic films, emphasizing protection, visual appeal, and durability.
“Cost-effectiveness of plastic film packaging over other materials and increasing preference for appealing packaging solutions is escalating the growth of printed plastic films market. Further, growing trend for sustainable packaging solutions will create growth opportunity for the bioplastic printed plastic films market” – says FMI analyst
Printed Plastic Films Market Landscape
Amcor Plc, Berry Global Group, Huhtamäki Oyj, Sonoco Products Company, Sealed Air Corporation, Mondi Group, DS Smith Plc, and Constantia Flexibles Group GmbH are the key players operating in the printed plastic films market. Also, some of the other noticeable players in the printed plastic films market include Winpak Ltd., Coveris Holdings S.A., Glenroy Inc., Schur Flexibles Group GmbH, ProAmpac LLC, Bischof & Klein GmbH & Co. KG, Clondalkin Group Holdings B.V., Interflex Group Inc., Uflex Ltd. and others. The key players in tier 1 hold around 10-15% of the global printed plastic films market.
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Printed Plastic Films Market by Category
By Material:
- Polypropylene (PP)
- Polyethylene (PE)
- Biaxially Oriented Polyethylene Terephthalate (BOPET)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Bioplastics
- Other Plastics
By Printing Technology:
- Flexographic Printing
- Digital Printing
- Offset
- Gravure
By End Use:
- Food & Beverages
- Healthcare
- Electronics
- Cosmetics & Personal Care
- Homecare
- Other End Use
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 has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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