Plastic Films Market : US$ 110.49 Bn by 2024 | Page 2

R e s e a r c h

Report Media Releases
Global Plastic Films Market to Reach a Valuation of US$
110.49 Bn by 2024; Increasing Demand for PET, PVC, and
PP Decorative Laminates Across the Globe Likely to Fuel
Revenue Growth
In a new report titled “Plastic Films Market: Global Industry Analysis and Forecast, 2016 - 2024”,
Persistence Market Research analyzes the performance of the global plastic films market over

M a r k e t

an eight-year period and provides insights on the key factors and trends likely to influence the
market during the forecast period (2016 – 2024). The global plastic films market is estimated to
represent absolute $ opportunity of US$ 3,150.3 Mn in 2016 over 2015 and is projected to
register a healthy CAGR of 6.1% in terms of value during the forecast period.
Increasing demand for plastic films as substitutes for glass and metal is expected to be a key
factor driving the growth of the global plastic films market. Moreover, plastic films are cheaper in
terms of packaging, decoration, and industrial applications as compared to glass and metal
packaging options. These factors are expected to fuel revenue growth of the global plastic films
market over the forecast period. Growth of the global plastic films market is expected to increase

P e r s i s t e n c e

significantly due to a high demand for hygienic and flexible food packaging materials. Increasing
environmental concerns among consumers and shifting preference towards more eco-friendly
products are other factors expected to boost the growth of the global plastic films market during
the forecast period.
The global plastic films market is segmented on the basis of Product Type (PET, PVC, PP, PE,
and Others (PS, PA, EVA, etc.)); Application (Packaging (Food Container, Blister Packs, Electric
& Electronic purposes, Others), Decoration (Solid colors, Others), Industrial (Construction
materials, Safety materials, Advertisement lighting)); and Region (North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa).
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The PET product type segment is estimated to account for the highest value share of 29.6% by
the end of 2016 and is expected to gain significant market share by the end of 2026. The PET
segment is estimated to be valued at US$ 20,393.5 Mn by the end of 2016 and is anticipated to

Global Plastic Films Market 2016-2024