Lewes, DE -- (SBWIRE) -- 04/21/2016 -- Report forecast the global plastic film market to grow at a CAGR of 5.31% during the period 2016-2020.

Plastic films are mainly used for packaging chemicals, consumer goods, food and beverages, and pharmaceutical products. They are light, non-corrosive, relatively cheap, and can be molded into various shapes, making them highly applicable for packaging. Their inert nature and ability to preserve products for a long period make them a popular choice in the food and beverages industry.

Plastic film packaging is also preferred by various industries such as food packaging and personal care packaging, as its attractiveness aids in promotions. It is used by other industries for the packaging of products like automotive parts, industrial goods, pharmaceutical products, and other consumer goods. The various materials used in the manufacturing of plastic films are BOPET, BOPP, cellulosic, CPP, EVOH, HDPE, LDPE, LLDPE, PVC, PVDC, PVOH, and polyamide. These films prevent the spoilage of goods from air and moisture, thus enhancing the quality of packaged products.

The report covers the present scenario and the growth prospects of the global plastic films market for 2015-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

The market is divided into the following segments based on geography:
- APAC
- North America
- Europe
- ROW

According to the report, rapid urbanization and increased health awareness are the main factors driving the growth of the healthcare industry. An increase in per capita income has elevated the purchasing power of people worldwide, which has had a major positive impact on the global healthcare market.

Further, the report states that there is increased competition for plastic films in the market because of the presence of various substitute forms of packaging materials, such as paper and aluminum foil. In industrial applications, aluminum is preferred over plastic because of its absolute chemically inert and heat-resistive properties, which might hinder the growth of the global plastic films market.

Global Plastic Films Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Plastic Films Market: Amcor, AEP Industries, Berry Plastic, British Polythene Industries, and Jindal Poly Films.

Other Prominent Vendors in the market are: Achilles USA, Balcan Plastic, Bemis, Clopay Plastics, Eurofilm Mantzaris, Gunze, Inteplast Group, National Plastic Film Company, SABIC Innovative Plastics, Taghleef, Toray Industries, Toyobo, Tredegar, and Vibac Group.

Market driver
- Increased demand from healthcare industry
- For a full, detailed list, view our report

Market challenge
- Availability of alternative materials
- For a full, detailed list, view our report

Market trend
- Increased use of biodegradable films
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages and 37 Exhibit "Global Plastic Films Market 2016 – 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by materials, Geographical segmentation, Market drivers, Impact of drivers, Impact of drivers and challenges, Market trends, Vendor landscape, Other prominent vendors, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-plastic-films-market-2016-2020

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