Sustainable Packaging Films Market Research Report 2022: A $275+ Billion Industry by 2031 – Global Analysis and Forecast, 2021-2031 Focusing on Materials, Applications and Regional Analysis – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added the Sustainable Films for Packaging Market- A Global and Regional Analysis: Focus on Material, Applications and Region- Analysis and Forecast, 2022-2031 report ResearchAndMarkets.com Offer.

Global Sustainable Films for Packaging Market was valued at US$140.0 billion in 2021 and is projected to reach US$276.2 billion by 2031, growing at a CAGR of 7.0% during the forecast period 2022-2031.

The growth of the global sustainable packaging films market is expected to be driven by an increasing focus on the circular economy and growing awareness of its environmental benefits among end users and consumers. However, the lack of recycling technology and high cost of raw materials are some important factors limiting the market.

phase of the market life cycle

The global market for sustainable packaging films is in a growth phase. New trends, such as the development of bioplastics, are likely to offer the market further growth opportunities in the coming years.

Industrial Impact

With an increasing global focus on the circular economy, the shift towards green industrial practices is increasing, thereby creating a demand for sustainable products. The shift is more pronounced in the food and beverage industry in regions like Europe and North America.

Effects of COVID-19

The COVID-19 pandemic has had a tremendous impact on the global sustainable packaging film market. It has changed the market both positively and negatively. During the COVID-19 pandemic, sectors that help meet basic needs, such as B. the secure supply of consumers with food and supplies, increasingly disrupted.

market segmentation

Among the various sustainable films used for packaging in end-use applications, the food and beverage segment is projected to be the largest application during the forecast period 2022-2031.

Among the different types of material, the polyethylene segment was the market leader in 2021 and is expected to be the market leader also during the forecast period 2022-2031.

Europe led the sustainable packaging films market in 2021 and is expected to maintain its dominance during the forecast period.

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of materials available for sustainable packaging films and their global potential. In addition, the study provides the reader with an in-depth understanding of the various sustainable films for packaging applications in industries such as food and beverage, pharmaceutical, personal care, consumer goods and consumer electronics.

Growth/Marketing Strategy: Business expansion, partnership, collaboration and joint venture are some key strategies adopted by key players in this space. For example, in February 2022, Sealed Air expanded its portfolio of recyclable barrier display films to improve recyclability in European food supply chains. The company launched two new Eco BDF films, branded Cryovac Eco BDF20M and Eco rBDF20M, which are low-density polyethylene (LDPE) compatible with mechanical recycling and chemical recycling.

Competitive Strategy: Among the key players in the global Sustainable Packaging Films market analyzed and profiled in the study are Sustainable Packaging Film Providers. Additionally, a detailed competitive benchmarking of the players operating in the global Packaging Films Market has been carried out to help the reader to understand how the players are stacking up against each other and to present a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations help the reader to understand the untapped revenue streams in the market.

Recent developments in the market for sustainable films for packaging

  • In February 2022, Sealed Air expanded its portfolio of recyclable barrier display films to improve recyclability in European food supply chains. The company launched two new Eco BDF films, branded Cryovac Eco BDF20M and Eco rBDF20M, which are low-density polyethylene (LDPE) compatible with mechanical recycling and chemical recycling.

  • In April 2022, ProAmpac announced the launch of its latest ProActive Recyclable R-2000S, which is made from recyclable polyethylene material.

  • In June 2021, Amcor plc launched AmPrima PE Plus ultra-clear and heat resistant films. The AmPrima PE Plus product uses raw materials that are ready for recycling processes and manufacturing. These films are easy to recycle and effectively reduce the carbon footprint.

  • In November 2021, Rani Plast made significant additional investments to increase the production capacity for recycled packaging film. In addition, the new lines would reduce production waste, increase the quality of the packaging film and allow the company to use other raw materials such as recycled plastic granules.

Summary of key market players and competition

The profiled companies were selected based on input collected from primary experts that analyzed company coverage, product portfolio and market penetration.

Some prominent names in this market are:

  • Amcor plc

  • Rani group

  • Innovia Films

  • mondi

  • Berry Global Inc.

  • UFlex Limited

  • TORAY ADVANCED FILM CO., LTD.

  • Pregis LLC

  • Constantia Flexibles

  • sealed air

  • Transcontinental Inc.

  • ProAmpac

  • DUNMORE

  • Bleher film technology GmbH

  • ePac Holdings, LLC.

  • Cosmo movies

Main topics covered:

1 markets

1.1 Industry Outlook

1.1.1 Trends: present and future

1.1.1.1 Circular packaging and circular economy

1.1.1.2 Bioplastics in packaging

1.1.2 Supply Chain Network

1.1.3 Impact of COVID-19 on Sustainable Packaging Films Market

1.1.4 Ecosystem/Ongoing Programs

1.1.4.1 Associations

1.2 Business Dynamics

1.2.1 Business Drivers

1.2.1.1 Growing government and industry initiatives to reduce plastic waste

1.2.1.2 Increasing demand for mono-material plastic packaging

1.2.2 Business Challenges

1.2.2.1 Lack of technological progress in recycling

1.2.2.2 High cost and insufficient production of bio-based raw materials

1.2.3 Business Strategies

1.2.3.1 Product Developments

1.2.3.2 Market Developments

1.2.4 Business Opportunity

1.2.4.1 Upcoming trends in bioplastics

1.3 Start-up landscape

1.3.1 Important startups in the ecosystem

2 application

2.1 Global Sustainable Packaging Films Market (Applications and Specifications)

2.1.1 Food and Drinks

2.1.2 Drugs

2.1.3 Consumer Goods

2.1.4 Personal Care

2.1.5 Consumer Electronics

2.2 Demand Analysis of Sustainable Packaging Films Market (by Application), Value and Volume Data

3 products

3.1 Sustainable Films for Packaging Market – Products and Specifications

3.1.1 Polypropylene (PP)

3.1.2 Polyethylene (PE)

3.1.3 Polyethylene terephthalate (PET)

3.1.4 Others (PLA and cellulose)

3.1.4.1 Polylactic acid (PLA)

3.1.4.2 Cellulose

3.2 Demand Analysis of Sustainable Packaging Films Market (by Material), Value and Volume

3.3 Product Benchmarking: Growth Rate – Market Share Matrix

3.4 Global Price Analysis

4 regions

4.1 Markets

4.1.1 Buyer Attributes

4.1.2 Major Manufacturers/Suppliers in USA

4.1.3 Business Challenges

4.1.4 Business Drivers

4.1.2 Applications

4.1.3 Products

5 Markets – Competitive Benchmarking & Company Profiles

5.1 Competitive Benchmarking

5.1.1 Competitive Position Matrix

5.1.2 Product matrix for key companies

5.1.3 Market Share Analysis

5.2 Company Profiles

5.2.1 Corporate Overview

5.2.1.1 Role in the Sustainable Packaging Films Market

5.2.1.2 Product Portfolio

5.2.1.3 Business Strategies

5.2.1.3.1 Market Development

5.2.1.3.2 Product Development

5.2.1.4 Corporate Strategies

5.2.1.4.1 Partnerships, Cooperations and Joint Ventures

5.2.1.5 R&D Analysis

5.2.1.6 Analyst View

For more information about this report, visit https://www.researchandmarkets.com/r/pxoqou

Source

Leave a Reply

Your email address will not be published. Required fields are marked *