PACKAGING FILM MARKET
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1 PACKAGING FILM MARKET BY APPLICATION (Food, Medical & Pharmaceutical, Consumer Product, Industrial & Others) & TYPE (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, Polyamide, Specialty Films & Others) MarketsandMarkets
2 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace & defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2013 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages 2
3 1 EXECUTIVE SUMMARY Global packaging films market is growing at a significant rate driven by the untapped emerging economies and rising demand in Food and Pharmaceutical packaging industry. The global Packaging film consumption was XX million metric ton (MT) globally for the year The figure below provides estimates for application and region wise consumption of packaging films market for FIGURE 1 PACKAGING FILM CONSUMPTION, BY APPLICATION & GEOGRAPHY, 2012 (MT) 00% 100% 90% 90% 80% 80% 70% Consumption (%) 60% 50% 40% 30% 20% Others Industrial Consumer Products Pharmaceutical & Medical Food Packaging 70% Consumption (%) 60% 50% 40% 30% 20% ROW Asia-Pa Europe North A 10% 10% 0% By Application 0% By Geography Source: Secondary Research, World Packaging Organization, FPA, Expert Interviews, and MarketsandMarkets Analysis Global packaging film consumption is expected to reach XX million MT in 2018, from XX million MT in Asia-Pacific holds the maximum share of the market representing over XX% of the global consumption. China and India are the two key countries driving the growth for packaging films. North America and the Europe, the other two key markets, are relatively matured and experiencing slower growth than other emerging economies. Consolidation is the key trend in the North American market. MarketsandMarkets Sample Pages 3
4 2 PACKAGING FILM PRODUCTION, BY TYPES & SOURCES 2.1 CHOICES OF RAW MATERIALS Polyethylene is the mostly used raw material for the production of packaging films. It captures more than XX% of the total films market. However, polypropylene is strongly gaining the shares in the packaging films market as it has wide number of applications. Biaxially Oriented Polypropylene (BOPP) demand is growing at a rapid rate in film manufacturing industry. The growing environmental awareness and stringent regulations, bioplastic are being preferred as raw materials primarily in North America and European markets. Materials such as cellulose and polylactic acid are gaining shares as raw materials in packaging film arena. The figure below shows the share of raw materials used for film production in FIGURE 2 PACKAGING FILM PRODUCTION: RAW MATERIALS USED Po Bo BO CP PA EV PV Ce Ot Source: Secondary Research, Expert Interviews, and MarketsandMarkets analysis MarketsandMarkets Sample Pages 4
5 The figure above shows the percentage consumption of raw materials for the manufacture of packaging films. Even though Polyethylene is the leading material for packaging film, polypropylene is strongly gaining market share due to wide applications. The figure below shows the revenue share by raw materials in from 2013 to MarketsandMarkets Sample Pages 5
6 3 PACKAGING FILMS MARKET, BY APPLICATION 3.1 MARKET SHARE BY APPLICATION The chapter gives a clear picture of packaging film products and its applications. Food packaging is the largest segment by volume and it is one of the growing segments. The increasing demand for microwavable food is driving the demand for films. Moreover, films have wide applications in pharmaceutical packaging and packaging of consumer products such as cosmetics, toiletries, and personal care products. The figure below shoes the estimated use of packaging films for different applications in FIGURE 3 PACKAGING FILM CONSUMPTION, BY APPLICATION, 2012 Fo M Co Ind Ot Source: Secondary Research, Factiva, Company Websites & Presentations, Press Releases, Expert Interviews, and MarketsandMarkets Analysis In 2012, food packaging applications accounted for around XX% of the total usage, followed by XX% in medical and pharmaceutical segment. The consumer product and industrial product segment accounted for around XX% and XX% of the total end-usage respectively; and other applications accounted for around XX%. The medical and pharmaceutical was estimated to account XX% of the film consumption, but with increasing application of packaging films in the sector, it is poised for high growth in the coming decade. Food packaging will continue to MarketsandMarkets Sample Pages 6
7 remain as a dominant application for packaging films due to the increasing demand from emerging markets such as India, Brazil, Turkey, Russia, Indonesia, Poland, and South Africa. The upcoming sport events in Brazil will also be a key factor for packaging film demand in Latin America. The table below provides the estimation for global consumption of packaging films by applications from 2011 to MarketsandMarkets Sample Pages 7
8 4 PACKAGING FILMS MARKET, BY GEOGRAPHY 4.1 MARKET SHARE ANALYSIS, BY GEOGRAPHY The figure below shows the global packaging films market share (by volume) across various regions. FIGURE 4 PACKAGING FILMS MARKET CONSUMPTION, BY GEOGRAPHY, 2012 Asi No Eur RO Source: World Packaging organization, Factiva, Company Websites & Presentations, Press Releases, Expert Interviews, and MarketsandMarkets Analysis Asia-Pacific is the major market for the packaging films. The growth in Asia-Pacific is driven by the increasing demand of packaged food and applications in medical and pharmaceutical packaging. It was the largest market in terms of volume with XX% share of the global market in North America was the second largest market with XX% share. ROW had XX% market share in terms of consumption. The demand for packaging film in ROW segment is driven by Brazil. According to industry experts, Asia-Pacific will continue to dominate the packaging films market driven by the countries such as China, India, Indonesia, and Thailand. MarketsandMarkets Sample Pages 8
9 Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge, when ordering, that MarketsandMarkets strategic analysis services are for our customers internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. MarketsandMarkets does not endorse any vendor, product or service depicted in its research publications. MarketsandMarkets strategic analysis publications consist of the opinions of MarketsandMarkets' research and should not be construed as statements of fact. MarketsandMarkets disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or users. All trademarks, copyrights and other forms of intellectual property belong to their respective owners and may be protected by copyright. Under no circumstance may any of these be reproduced in any form without the prior written agreement of their owner. No part of this strategic analysis service may be given, lent, resold or disclosed to noncustomers without written permission. Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited. For information regarding permission, contact: Tel: sales@marketsandmarkets.com MarketsandMarkets Sample Pages 9
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