GITNUX MARKETDATA REPORT 2024

Plastic Films Industry Statistics

The plastic films industry is experiencing strong growth due to increasing demand from various end-use industries such as packaging, agriculture, and construction.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and insights related to the plastic films industry, shedding light on market trends, regional dynamics, and growth projections. From the dominance of the Asia Pacific region to the rise of bio-based plastic films and the expanding applications in various sectors, these statistics offer a comprehensive overview of the market landscape. Let’s dive into the numbers shaping the future of the plastic films industry.

Statistic 1

"The global plastic films market size was valued at USD 83.4 billion in 2018."

Statistic 2

"Asia Pacific region dominated the plastic film market with over 35% share of global revenue in 2019."

Statistic 3

"China alone accounts for more than half of the APAC plastic films market."

Statistic 4

"Bio-based plastic films market is projected to expand at a CAGR of 6% from 2020 to 2026."

Statistic 5

"The LDPE (low-density polyethylene) segment accounted for the largest share of the plastic films market in 2019."

Statistic 6

"The packaging industry accounted for the largest share of more than 70% of the plastic films market in 2019."

Statistic 7

"The BOPP (Biaxially Oriented Polypropylene) segment of plastic films market is projected to grow at the highest CAGR during 2020-2025."

Statistic 8

"North America plastic films market is expected to reach USD 33.83 billion by 2025."

Statistic 9

"The agricultural sector accounted for 23% of total plastic films usage in 2018."

Statistic 10

"The plastic recycling rate in Europe was 42.6% in 2018."

Statistic 11

"The use of plastic films in the building and construction industry is expected to grow at a CAGR of 5.5% over the forecast period."

Statistic 12

"In the US, approximately 6 billion pounds of plastic films and bags are produced each year."

Statistic 13

"The global plastic films & sheets market is expected to reach $157.5 billion by 2027."

Statistic 14

"Belgium accounted for the largest share of the plastic film exports in 2019, representing 17% of the global exports."

Statistic 15

"The global plastic films demand in agriculture was nearly 4.35 million tons in 2018."

In conclusion, the global plastic films industry is a dynamic and lucrative market, with significant growth potential in various regions and sectors. The Asia Pacific region, particularly led by China, remains a dominant player in the market, while the bio-based plastic films segment is projected to experience steady growth. The packaging industry continues to be a major consumer of plastic films, with LDPE being the most widely used material. Additionally, there are promising developments in sectors such as agriculture and construction, indicating expanding opportunities for plastic films usage. With increasing focus on sustainability, innovations in recycling and bio-based materials are likely to shape the future landscape of the industry, driving the market towards the projected $157.5 billion mark by 2027.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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