By: marketsandmarkets.com

Publishing Date: February 2015

Report Code: CH 3154

The plastic films & sheets market is mainly driven by the increased demand for oriented films coupled with the rising demand for packaged food in the emerging economies. The increased usage of plastic films for agriculture drives the market for plastic films in Asia-Pacific, particularly in India. Asia-Pacific holds a significant market share in the plastic films & sheets market. China leads the Asian market in terms of demand for plastic films & sheets in packaging. Asia-Pacific is thus expected to maintain its dominance in the global market owing to the steady growth in China and India. The plastic films & sheets market is projected to reach $118,623.8 million by 2019.

In terms of applications, food packaging accounts for the maximum market share. However, the demand for plastic films in pharmaceutical & medical application is also increasing in many regions. The food packaging acquires major share in Asia-Pacific due to the increased demand for packaged food in the region.

The LLDPE market holds the maximum market share, in terms of types. LLDPE is the most preferred type due to its properties of high puncture resistance and high tensile strength. It is replacing conventional LDPE in many areas, primarily due to the combination of favorable production cost and product performance.