Plastic Films & Sheets Market Size, Share, Opportunities, And Trends By Type (High-density polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Low-density polyethylene (LDPE), Medium-density polyethylene (MDPE), Polyamide/Nylon, Polycarbonate (PC), Others), By End-User (Packaging, Agriculture, Automotive, Construction, Electronics, Healthcare, Others), And By Geography - Forecasts From 2024 To 2029

The plastic films & sheets market is projected to rise at a compound annual growth rate (CAGR) of 5.27% to reach US$160.568 billion by 2029, from US$124.218 billion in 2024.

The demand for the plastic films & sheets market is driven by several factors, such as the packaging industry, where plastic films & sheets are used for protection, barrier properties, and lightweight options. India's export of pulses increased by 80.38% in nine months of the current fiscal year period compared to the same months of the last fiscal year, from US$ 242 million reported in the timeframe of December 2021-22, which increased to US$ 436 million from April-December 2022-23.

The export of Basmati rice rose from US$2,379 million (April–December 2021) to US$3,337 million (April–December 2022). The packaging of these food materials requires low-density polyethylene for its lightweight and moisture resistance. Furthermore, 2.3 million electric cars were sold in the first quarter of 2023, which indicates that the necessity for plastics will rise for cost efficiency.

Plastic films and sheets play fundamental roles within the electronics industry by providing insulation, shielding components during manufacturing, and serving as substrates for printed circuit sheets. Other businesses, such as healthcare, will moreover drive the market essentially as the requirement for disposable equipment rises. The plastic films and sheets industry is anticipated to rise at a significant growth rate. The demand for plastic sheets is increasing, especially in the agricultural division and for the construction of greenhouses utilizing plastic sheets.

Furthermore, individuals' changing dietary habits and rising inclination for processed foods are adding fuel to the market for plastic films and sheets. Increasing globalization and urbanization are also anticipated to boost the market, as plastic sheets are fundamental in various industries such as construction and transportation and for effective packaging of customer merchandise.

PLASTIC FILMS & SHEETS MARKET DRIVERS:

• The rise in sales of automobiles is anticipated to propel the plastic films & sheets market growth.

Plastic Films & Sheets are everywhere, including in the automobile sector. The plastic used in automobiles provides lightweight to the product and design flexibility, which gives it wider application in the automobile sector. Polypropylene finds its application to car bumpers and the car's interior flooring. Polyvinyl chloride can be used for dashboards and automotive body parts. Polycarbonate is lightweight, which reduces a car's overall weight and improves vehicle and fuel efficiency. The global sales of new cars have increased since 2020 to 70.71 million; in 2022, they reached 72.86 million.

This growth has been propelled by the demand for electric vehicles (EVs), with global sales for EVs in 2022 seeing exponential growth as sales exceeded 10 million. A total of 14% of cars sold in 2022 were EVs, up from around 9% in 2021 and less than 5% in 2020. China is one of the leading markets for the EV, as relative change was +4,760,000 from 2020 to 2022.

This demand for EVs is expected to continue in the coming decade. The need for lightweight materials will drive market growth, as EVs have significant distinguished design features that will require plastic in manufacturing.

Plastic films and sheets (PF) are an integral part of the automotive industry, having a wide variety of purposes that do not affect only a car's good looks but also its functionality. PF materials are widely used in automobile interiors for upholstery, dashboard covers, and door paneling because of their durability, flexibility, and simplicity of customization. They contribute to the creation of an elegant design and are, at the same time, comfortable.

According to the International Energy Agency, in the transportation sector, there will be over 26 million EVs on the road in 2022, a 60% increase from 2021 and a five-fold increase over the number of vehicles in 2018. An increasing number of EVs were available, and 220 new bus and truck models came to the market in 2022. On average, China is home to over 80% of all purchases of heavy-duty vehicles, and these, alongside most other projects, are initiated there. Moreover, sales of the transportation industry in Europe and North America more than quadrupled in 2022 compared to 2021. Furthermore, as per the PIB, in India, there were 27,81,69,631 non-electric vehicles in operation and 13,34,385 EVs in 2022.

Moreover, as per the estimates by the IEA, the number of worldwide electric car stocks reached 10 million in 2020, up 43% from 2019 and accounting for 1% of the market share, following a decade of explosive expansion. In 2020, two-thirds of newly registered electric cars were battery electric vehicles (BEVs), making up two-thirds of the stock. China leads the world in the number of electric vehicles (4.5 million), while Europe saw the biggest yearly gain in 2020, reaching 3.2 million. 

Plastic Films & Sheets Market Geographical Outlook

• The North American region is anticipated to hold the major market share.

Several factors are involved in the positive impact of the growth and sustainability of the United States plastic films and sheets market. One of the key drivers is rising demand from various end-user sectors, including packaging, automotive, construction, and agricultural. Within the packaging business, this demand for light and thinner materials set to be cheaper and environment-friendly is a market growth driving factor. Further, the automotive industry's requirement for durable and lightweight materials for internal and exterior utilization contributes to the country's demand for plastic films and sheets.

Additionally, innovative advancements in film and sheet manufacturing techniques, such as extrusion and lamination, enhance the quality and performance of products, thus fuelling the market's expansion. The increased emphasis on sustainability and recyclability encourages innovation in eco-friendly materials, allowing market players to satisfy changing customer preferences and regulatory needs. Overall, these forces lead to the strong growth of the US plastic films and sheets market.

Plastic film and sheet market companies in the United States use various techniques to retain competitiveness and capitalize on emerging possibilities. They focus on product improvement, allocating a budget for research and development to generate new goods that meet the industry's updated needs, which include higher resistance and sustainability. In November 2023, Berry Global invented the Omni® Xtra film version for fresh food applications, which is an uncharacteristic polyethylene high-performance film that is most of the time substituted by PVC types.

Plastic Films & Sheets Market Key Developments:

• September 2022- SABIC, a global chemical industry leader, introduced SABIC® PP compound G3430X and SABIC PP compound G3440X grades. These two new short-glass fiber-reinforced polypropylene (PP) compounds provide improved performance and processing for the vehicle's under-hood, exterior, and interior. The two advanced grades perform better than regular short-glass fiber materials in melt flow, tensile, and flexural strength.
• February 2022- Coveris, a leading sustainable packaging firm, created a line of lightweight, next-generation stretch films with at least 30% recycled material to minimize reliance on virgin plastics and fulfill upcoming Plastic Packaging Tax standards.

Plastic Films & Sheets Market Scope:

Report Metric	Details
Market Size Value in 2024	US$124.218 billion
Market Size Value in 2029	US$160.568 billion
Growth Rate	CAGR of 5.27% from 2024 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Type End-User Geography
Companies Covered	Toray Industries, Inc. British Polythene Ltd. Toyobo Co., Ltd. Berry Global, Inc. SABIC
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Market Segmentation:

The Plastic Films & Sheets Market is segmented and analyzed as below:

• By Type
  • High-density polyethylene (HDPE)
  • Linear Low-Density Polyethylene (LLDPE)
  • Low-density polyethylene (LDPE)
  • Medium-density polyethylene (MDPE)
  • Polyamide/Nylon
  • Polycarbonate (PC)
  • Others
• By End-User
  • Packaging
  • Agriculture
  • Automotive
  • Construction
  • Electronic
  • Healthcare
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. PLASTIC FILMS & SHEETS MARKET BY TYPE 

5.1. Introduction 

5.2. High-density polyethylene (HDPE)

5.3. Linear Low-Density Polyethylene (LLDPE)

5.4. Low-density polyethylene (LDPE)

5.5. Medium-density polyethylene (MDPE)

5.6. Polyamide/Nylon

5.7. Polycarbonate (PC)

5.8. Others

6. PLASTIC FILMS & SHEETS MARKET BY END-USER 

6.1. Introduction 

6.2. Packaging

6.3. Agriculture

6.4. Automotive

6.5. Construction

6.6. Electronic

6.7. Healthcare

6.8. Others

7. PLASTIC FILMS & SHEETS MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Type

7.2.2. By End-User 

7.2.3. By Country

7.2.3.1. United States

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Type

7.3.2. By End-User 

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4. Europe

7.4.1. By Type

7.4.2. By End-User 

7.4.3. By Country

7.4.3.1. Germany

7.4.3.2. France

7.4.3.3. United Kingdom

7.4.3.4. Spain

7.4.3.5. Others

7.5. Middle East and Africa

7.5.1. By Type

7.5.2. By End-User 

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. UAE

7.5.3.3. Israel

7.5.3.4. Others

7.6. Asia Pacific

7.6.1. By Type

7.6.2. By End-User 

7.6.3. By Country

7.6.3.1. China 

7.6.3.2. Japan

7.6.3.3. India

7.6.3.4. South Korea

7.6.3.5. Indonesia

7.6.3.6. Taiwan

7.6.3.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Toray Industries, Inc.

9.2. British Polythene Ltd.

9.3. Toyobo Co., Ltd.

9.4. Berry Global, Inc.

9.5. SABIC

9.6. Sealed Air

9.7. Dow

9.8. DuPont de Nemours, Inc.

9.9. Novolex

9.10. Amcor plc

9.11. UFlex Ltd.

Toray Industries, Inc.

British Polythene Ltd.

Toyobo Co., Ltd.

Berry Global, Inc.

SABIC

Sealed Air

Dow

DuPont de Nemours, Inc.

Novolex

Amcor plc

UFlex Ltd.