Plastic Films & Sheets Global Market Report 2024

Plastic films and sheets are continuous, thin forms of plastic material that can be wound on a core or cut into sheets. Plastic films are generally thinner than plastic sheets, with a thickness ranging from 0.6 mm to 0.10 mm or thicker. These materials are widely utilized across various industries due to their environmental friendliness, versatility, resistance to wrinkles and weather, reusability, durability, and recyclability.

The primary types of plastic films and sheets include polypropylene, polyethylene, polyvinyl chloride, rubber, and other variations. Polypropylene is a key component in the creation of the synthetic resin known as polypropylene. This material finds diverse applications such as food packaging, stretch film, shrink film, heavy-duty bags, film on a reel, and more. End-users for these materials span across industries like automotive, aerospace and aviation, packaging, food and beverages, building and construction, healthcare, printing, agriculture, and other sectors.

The plastic films and sheets market research report is one of a series of new reports that provides plastic films and sheets market statistics, including plastic films and sheets industry global market size, regional shares, competitors with plastic films and sheets market share, detailed plastic films and sheets market segments, market trends and opportunities, and any further data you may need to thrive in the plastic films and sheets industry. This plastic films and sheets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plastic films & sheets market size has grown strongly in recent years. It will grow from $82.75 billion in 2023 to $87.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historical period can be attributed to the expansion of the packaging and labeling industries, the growth in food and beverage packaging, a heightened demand for flexible and durable materials, the development of high-barrier films, and an increase in applications within agriculture and greenhouse settings.

The plastic films & sheets market size is expected to see strong growth in the next few years. It will grow to $112.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to the rise of sustainable and recyclable plastic films, the increasing prominence of e-commerce and shipping activities, the development of customized film solutions tailored for specific packaging requirements, a growing demand for biodegradable and compostable films, expansion in the electronics and displays sector, integration into photovoltaic and renewable energy systems, and an increased use in healthcare and medical packaging. Noteworthy trends expected in the forecast period encompass the emergence of advanced nanocomposite plastic films, a focus on regulatory compliance for plastic film safety, the adoption of smart and RFID-enabled plastic packaging, the development of antimicrobial and anti-fogging plastic films, and collaborative efforts between film and material science.

The anticipated growth in the plastics industry is poised to drive the expansion of the plastic films and sheets market in the future. The plastics industry encompasses organizations engaged in the manufacturing of polymer materials recognized as plastic - characterized by being lightweight, elastic, moldable, and possessing other unique features. Plastic films and sheets offer various advantages to the industry, including reduced component weight in manufacturing, effective packaging solutions, strength, durability, and applicability across diverse sectors like automobiles, food and beverages, construction, electronics, healthcare, and more. As of March 2022, plastic production witnessed a 7.1% increase, with a projected year-on-year growth rate of 4.5%, as reported by the American Mold Builders Association. Consequently, the burgeoning plastic industry is a driving force behind the growth of the plastic film and sheet market.

The continuous growth of the construction industry is expected to propel the plastic film and sheet market forward. This sector involves activities such as planning, designing, constructing, maintaining, and repairing buildings, infrastructure, and industrial facilities. Plastic films and sheets find applications in construction, serving as vapor barriers, roofing membranes, and protective coverings. As of August 2023, the United States construction industry reported an estimated seasonally adjusted annual rate of $1,983.5 billion in spending, marking a 0.5% increase over the revised July estimate of $1,973.7 billion. The August figure reflects a 7.4% rise compared to the same period in 2022. Hence, the flourishing construction industry is a significant driver for the plastic film and sheet market's growth.

A noteworthy trend in the plastic films and sheets market is the emphasis on product innovation. Key companies in the market are actively developing new solutions to enhance their market standing. For example, in July 2021, SABIC, a Saudi Arabia-based company in the plastic films and sheets sector, introduced LEXANTM Copolymer - a sustainable polycarbonate film recognized as the first in the industry to receive ISCC PLUS certification for film and sheet products based on renewable polycarbonate. LEXAN polycarbonate resin exhibits outstanding mechanical, optical, electrical, and thermal properties, and the LEXANTM Copolymer, produced by LEXAN, demonstrates features such as scratch resistance, toughness, heat resistance, biocompatibility, and optical quality, meeting stringent FDA and USP requirements for medical devices.

Major companies in the plastic film and sheet market are forming strategic partnerships. For instance, in October 2022, Sukano collaborated with chemical manufacturer Emery Oleochemicals to develop a transparent PET antifogging compound for food contact PET packaging. This material, designed for rigid and oriented Coex films, features Sukano’s co-polyester compound in one cap layer of a film extrusion line A/B structure and PET as a core layer.

In June 2021, Spectrum Plastics Group, a US-based company in the plastic films and sheets market, completed the acquisition of KCS Plastics Ltd for an undisclosed amount. This strategic move is aimed at bolstering Spectrum Plastics Group's product portfolio in plastic films and sheets and gaining a competitive edge by providing packaging solutions for the food, industrial, and medical packaging sectors. KCS Plastics Ltd., based in Canada, operates in the plastic films and sheets industry.

Major companies operating in the plastic films & sheets market include Amcor Inc., Berry Plastic Inc., Saudi Basic Industries Corporation (SABIC), Toray Industries Inc., Sealed Air Corporation, UFlex Limited, Toyobo Co Ltd., Jindal Poly Films Limited, Dupont Teijin Films Limited, Taghleef Industries LLC, Bemis Manufacturing Company, Novolex Com, British Polythene Industries PLC., Oben Holding Group S.A.C, CCL Industries Inc., Mitsubishi Chemical Corporation, RKW Group, Plastic Film Corporation, AEP Industries Inc., Transcendia Inc., Placon Corporation, Glenroy Inc., Ampac Holdings LLC, API Group, Davis-Standard LLC, Inteplast Group, Bixby International Corporation, Coveris, Flex Films (USA) Inc., Raven Industries Inc.

Asia-Pacific was the largest region in the plastic films and sheets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this plastic films and sheets market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the plastic films and sheets market report is Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The plastic films and sheets market consists of sales of melamine sheet, perforated plastic sheet, phenolic sheet, and PVDF film. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.