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