Global demand for plastic films is forecast to grow by 4% per annum to 2021 reaching 73.3 million to
Global demand for plastic films is forecast to grow by 4% per annum to 2021 reaching 73.3 million tonnes
According to Smithers report - The Future of Global Plastic Films to 2021 - the development of the global plastic films market is dependent upon a number of socioeconomic trends, ranging from economic influences, lifestyle and demographics changes to the development of new materials and packaging technologies and emerging trends in end-use markets. These have enhanced the value of plastic films and made them even more attractive to brand owners, converters and consumers around the world.
"The trends of sustainability and lightweighting continue to account for the downgauging of plastic films to accommodate both suppliers suffering from reduced margins as a result of low polymer prices, and consumer demands for reduced packaging due to environmental issues and lifestyle changes. Many traditional plastic films however have reached the limits of this trend, and will begin to be promoted in terms of the precycling benefits of these films versus rigid films and packaging, since once they are produced, they generate little or no waste and can therefore reduce waste at source, so that it is eliminated before it is even created."