London, 13 February 2015 – The Global Packaging Film Market is expected to grow at a CAGR of 6.75 percent from 2014-2019, according to a new report from research firm TechNavio.
About the Report
Over the last few years, the importance of packaging has increased worldwide, and it has become a vital tool for branding. In the highly cluttered consumer goods industry, creating shelf appeal and visibility has become an important strategy for manufacturers, who focus on good packaging to create awareness and attract customers, which ultimately affects the Global Packaging Film Market.
The latest report by TechNavio also highlights the emergence of green plastics, which is expected to fuel the overall growth of the market. Green plastics are mainly biodegradable and have minimal toxic effects on the environment as compared to conventional plastics.
“The adoption of materials like polyvinyl alcohol, polyanhydrides and polylactic acid by manufacturers will help reduce the market share of conventional plastics, thus making a positive impact on the Global Packaging Film Market,” says Faisal Ghaus, Vice President of TechNavio.
“With environment compliance regulations worldwide getting more stringent, vendors are likely to adopt green plastic packaging films as a substitute to escape hefty penalties.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Growing Significance of Packaging
- For a full detailed list, view our report.
Market Challenges:
- Competition from Other Packaging Materials
- For a full detailed list, view our report.
Market Trends:
- Increased Usage of Green Plastic Packaging Films
- For a full detailed list, view our report.
Key Vendors:
- Amcor Ltd.
- Bemis Co. Inc.
- E. I. du Pont de Nemours and Co.
- Sealed Air Corp.
Other Prominent Vendors:
- AEP Industries
- Berry Plastics
- Charter Nex Films
- Daibochi Plastic
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
