P e r s i s t e n c e M a r k e t R e s e a r c h register the highest CAGR during the forecast period . Recyclable and sustainable properties of PET are factors expected to drive global demand for PET plastic films over the forecast period . In terms of volume consumption , the PP segment is expected to contribute a comparatively higher share to the overall global plastic films market .
The Packaging application segment is estimated to account for the highest value share of 48.0 % by the end of 2016 and is expected to gain significant market share by the end of 2026 . In terms of volume consumption , the Packaging segment is expected to contribute the highest share to the overall global plastic films market during the forecast period The Decoration application segment is estimated to be valued at US $ 12,023.1 Mn by the end of 2016 . The Decoration segment is expected to register a comparatively higher CAGR during the forecast period . In terms of value and volume , the Others ( wood grain patterns ) segment is expected to dominate the global plastic films market over the forecast period .
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Among regions , Europe is anticipated to register a CAGR of 6.7 % in terms of value over the forecast period and is estimated to account for 29.2 % volume share by 2016 end . The APAC market is estimated to represent incremental opportunity of US $ 10.17 Bn between 2016 and 2024 .
The global plastic films market report profiles some of the leading companies operating in the global plastic films market and gives information on their long-term and short-term strategies as well as market performance . Companies featured in the report are The Dow Chemical Company , DuPont , Eastman Chemical Company , Evonik Industries AG , Amcor Limited , Berry Plastics Corporation , Griffon Corporation Inc ., Mitsubishi Chemical Holdings Corporation , Saudi Basic Industries Corporation ( SABIC ), and Honeywell International Inc . Top companies dominating the global plastic films market are focusing on offering innovative , customer-centric products and are looking to expand their presence in different regional markets through strategic mergers and acquisitions . Some of these companies are investing in R & D initiatives for the development of new technologies to cater to the rising demand for high quality plastic films .
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Global Plastic Films Market 2016-2024