221 Pages Report] The global packaging film market is expected to register decent growth during the coming decade driven by middle class of China and India. With rapid urbanization and increasing disposable income, demand for packaged food and pharmaceutical products are rising in China, India and other emerging nations. Growth in such emerging nations is expected to impact the packaging films industry positively. Polyethylene is the mostly used material for packaging film; however, in flexible packaging polypropylene is used as the preferred material for film formation. Specialty films such as water soluble and high barrier films are gaining importance in matured economies of North America and Europe.

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Food packaging industry is the major consumer for packaging films. However, pharmaceutical and personal care packaging is increasingly finding application of packaging films. These films are formed by extrusion-blown, extrusion-cast and extrusion-coating process. Selection of the raw material is primarily based on the end-usage of the films. Key raw materials used in packaging films include LDPE, LLDPE, HDPE, BOPP, CPP, BOPET, PVC, EVOH, PLA, PVDC, PVOH and others.

Geographically, Asia-Pacific is the major segment in packaging film market with around 35% of the market share in 2012. North America and Europe held market shares of 25.3% and 24.1% respectively. The global packaging film consumption is expected to grow at a CAGR of 4.5% from 2013 to 2018. In Terms of value the market is expected to grow at a CAGR of 5.8% from 2013 to 2018. China and India are expected to drive the global market in the coming future. Increasing demand for packaged food and improving healthcare infrastructure is the major reason for growth in China and India.

In terms of raw materials, polyethylene leads the packaging film market, representing 64% of the total raw materials used in 2012. However, polypropylene films demand is growing at a faster rate than polyethylene films. BOPP is the mostly preferred raw material for flexible packaging films in the recent past and expected to report higher growth as compared to the cast polypropylene. Biodegradable films are also expected to register high consumption growth in the coming years, specifically in the developed nations.

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In the application segment, food packaging is the key application area. However, packaging films are now increasingly used in pharmaceutical and consumer goods packaging. In consumer goods segment, films are primarily used in personal care products such as packing of soap, shampoo, and other cosmetic products.

The global packaging film market was estimated at $89,299.3 million in 2012, and expected to grow at a CAGR of 5.8% from 2013 to 2018. Food packaging is the key application area for the packaging films and packaging film sales in food packaging market is expected to grow at 6.2% from 2012 to 2018.

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