Plastic Films Market Growth Is Driven By the Increasing Demand for the Degradable Plastic Films

 

Plastic Films Market

Plastic films are used in a wide variety of applications, such as video tape, photographic film, electrical fabrication, film stock for movies, landscaping, building construction, labels, plastic bags, packaging, decoration, labeling, and industrial purposes, among others. Therefore, with the increasing applications, the demand for plastic films is also increasing with a rapid pace, driving the growth of the plastic films market. There is an increasing demand for plastic films for food and pharmaceutical packaging. For example, in September 2020, SABIC launched a sustainable packaging solution for frozen food which combines a new polyethylene (PE) grade and an innovative film production technology.

Compared to conventional blow PE film solutions, it offers significantly higher throughput and also has potential for down-gauging, making it attractive from a commercial and sustainability standpoint. Different types of plastic materials, such as polyamide (PA), Polypropylene (PP), Polystyrene (PS), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), polyethylene (PE), etc. are used to make plastic films. Moreover, growing demand for flexible and hygienic food packaging materials is primarily fueling the plastic films market growth. Manufacturers are introducing new and innovative packaging products to meet the increasing demand for food packaging materials, driving the plastic films market growth.

For instance, in February 2021, INDEVCO Plastics launched new recyclable industrial films and bags that contain up to 50% recycled resin. Moreover, in January 2021, the company launched a recyclable Shrink Bundling Film that contains 50% post-consumer recycled (PCR) resin for the beverage and processed food industries. Designed for industrial manufacturers, these films and bags are useable for various applications. As there is an increasing demand for degradable plastic films due to rising environmental concern, manufacturers are focused on launching new and innovative packaging solutions in the market. This in turn is also expected to augment the growth of the plastic films market.

Several governments worldwide have introduced stringent regulations to promote the use of degradable plastic films, as they are sustainable and environmentally friendly. Non-degradable films are hazardous and have negative effects on the environment. Thus, there is an increasing demand for degradable plastic films. However, the high cost associated with the manufacturing of degradable films is expected to hamper the growth of the plastic films market. The cost of the raw materials required to manufacture degradable/biodegradable films is relatively high. Moreover, another major factor that can be a hindrance to the growth of the market is the availability of alternatives such as paper packaging products.


Location: India

Comments

Post a Comment

Popular posts from this blog

Fitness Equipment Market is doing warm-ups to pull growth-rich opportunities from the growing obesity rates accompanied by the sedentary lifestyles

Image
  Fitness equipment is any mechanical device or equipment used in sport or exercise to improve the physical performance or strength of that activity by providing either adjustable or constant levels of force, either of dynamic nature that is immediately available to exert (such as running) or of a static type that requires adjustments (such as a bicycle). Some common types of equipment are treadmills, elliptical machines, step machines, exercise bicycles, recumbent bikes, treadmill monitors, rowing machines, and many more. Fitness equipment is used in gyms and private home fitness facilities as well as public parks and recreational facilities. Fitness equipment for the home is designed to provide low-impact aerobic workouts. Some items are available for rent or sale on the Internet. Rowing machines and exercise bicycles can give an all-over body workout, while Schwinn exercise bicycles can be used to target specific muscles. Fitness equipment for home gyms can be classified into ...
Read more

The market for ureteral stents would benefit from the rising prevalence of urological diseases

Image
  A ureteral stent is a slender adaptable cylinder embedded straightforwardly into the ureter to forestall or cure block of the urinary entry from the ureter. The length of these stents utilized for grown-up quiet's reaches somewhere in the range of 30 and 24 inches. Furthermore, various distances across or sizes of stents are accessible, to suit distinctive ureter sizes. This permits treatment choices to be customized to the person, just as to the degree of obstacle. Urinary stents are made of either metal silicone or plastic. They are set straightforwardly into the bladder through the urethra valve. Ureteral stents can either be made percutaneously, through medical procedure or by methods for an outpatient strategy. Contingent upon the sort of ureter that is influenced, the technique can be either a solitary needle or numerous needles. The developing commonness of urological illnesses around the world is driving the development of the ureteral stents market . Development in t...
Read more

Increases in Fuel Prices Significantly Impacts Growth of Automotive Repair and Maintenance Services Market

Image
  The automotive repair and maintenance services market is expected to expand significantly in the near future. Mechanical services are likely to remain the largest sector while electronic services are expected to grow the fastest. New heavy-duty vehicle dealers are expected to lead gains while independent repair shops, specialized mechanics and general automotive service companies will maintain their share of the market. The top performing providers will share the lion's share of market revenues with the top performing service providers. The gap between the two in terms of growth will widen further as traditional dealers find it difficult to survive the economic downturn. As the industry continues to reinvent itself, several factors are likely to impact the service sector. Economic Factors: The automotive repair and maintenance services market employs a large number of skilled workers. These works for the majority of the firms that provide services for automobiles. The high inf...
Read more