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Specialty Plastic Films Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI3770

Specialty Plastic Films Market Size

Specialty Plastic Films Market will see noticeable growth over 2024-2032, due to the increasing usage across a range of industries, including FMCG and biopharma. Likewise, the adoption of fluoropolymer films in medical applications, such as fluid bags, drug containment, and medical liners, to maintain a high level of sanitation will also augment industry growth.

In February 2021, Dow Packaging and Specialty Plastics and Lucro Plastecycle, a recycling company based in Mumbai, entered into a memorandum of understanding (MoU) to collaborate on the development and introduction of polyethylene films made from post-consumer recycled (PCR) plastics in India. This agreement was aimed at leveraging the expertise and resources of both parties to advance sustainable packaging solutions in the region. Similar efforts focused at providing eco-friendly films will bolster the market growth.

Specialty plastic films are widely used to hold items, separate areas or volumes, and act as barriers or printable surfaces, making them an attractive choice in the residential and commercial industries. In addition, these high-strength films are also deployed in construction and other heavy-duty usage, as well as downgauging of existing applications.

Specialty Plastic Films Market Trends

Rapid entry of key specialty film manufacturers into the FMCG business and the emergence of e-commerce as a key channel for FMCG is impelling the specialty plastic films market trends. These films provide good sealing and prevent product contamination, among other advantages. Moreover, the high investment interest towards the expansion of BOPP film production lines will also contribute to the rising market share over the foreseeable future.

Specialty Plastic Films Market Analysis

Considering end-user, the food & beverage segment will depict a strong growth rate through 2032. This is due to the favorable attributes of plastic films, including lightweight and resistance to heat, oil, and contamination, which make them an ideal for use in food-safe packaging. A considerable rise in consumption of ready-to-eat and processed foods is likely to further bolster the demand for specialty plastic films across the food & beverages sector.

Asia Pacific specialty plastic films market is projected to account for a commendable share by 2032, given the steady increase in the number of biopharma companies in countries like China. As per IBEF, the e-commerce industry in India is anticipated to reach over USD 200 billion by 2026. The significant expansion of e-commerce and the rise of industries such as personal care, beauty, and wellness, will drive the product adoption across the region.

Specialty Plastic Films Market Share

The competitive landscape of the global specialty plastic films industry consists of companies such as:

  • Amcor
  • Jindal Poly
  • RPC
  • Sealed Air
  • Toray Plastics
  • Covestro
  •  Honeywell
  • AEP Industries (Berry Global Group)
  •  DuPont Teijin Films
  •  SABIC (Saudi Aramco)
  • AkzoNobel

These companies are focusing on new product launches and other inorganic strategies to expand their footprint across the global market.

Specialty Plastic Films Industry News

  • In May 2023, SEE (Sealed Air Corporation) disclosed the successful finalization of its acquisition deal with Liquibox, valued at $1.15 billion, free from cash and debt obligations. This merger brought together two prominent entities within the flexible packaging sector, marking a significant milestone in their respective histories.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Kiran Pulidindi

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