Packaging Films Market

Berry Global Inc. (US) and Amcor Plc (Switzerland) are Leading Players in the Packaging Films Market

The global packaging films market is projected to grow from USD 105.4 Billion in 2024 to USD 159.7 Billion by 2033, at a CAGR of 4.7% during the forecast period. The major driving factors for the growth of the packaging films market are the surging demand across major end-use industries, rising demand for bi-axially oriented films, and shifting demand towards flexible packaging films. The growing demand for packahing films in industries such as food and beverages, pharmaceuticals and healthcare as well as personal care and cosmetics is influenced by various factors. In the food and beverage industry the need for product safety, shelf life, and freshness has resulted in the utilization of high quality packaging films with advanced barrier features. These films protect products, from moisture, light and contamination guaranteeing quality from production to consumption. In the pharmaceutical and healthcare sectors stricter regulations and the demand for tamper evident and sterile packaging drive the demand for films that offer strong protection and comply with safety standards. In the personal care and cosmetics sector the emphasis on brand image and product integrity has resulted in a higher employment of packaging films that offer clarity, flexibility and an attractive look. Moreover, the increasing emphasis on sustainability across these sectors has facilitated the transition towards films that are recyclable, biodegradable, and environmentally friendly, further boosting their demand.

The global packaging film market is expanding due to customer demand for convenient solutions and on-the-go use, which necessitates the usage of flexible packaging formats. The food and beverage industry, particularly in developing nations, has driven an increase in demand for technology-based packaging that ensures food safety and extends shelf life. When it comes to production, packaging films are gaining traction by covering the market with technologies like increased film developments and multi-layer structures that are very efficient in terms of protection and usefulness. Similarly, growing concern for the environment has pushed the industry to use more environmentally friendly alternatives, such as biodegradable or recyclable films. The global shift to e-commerce has transferred the demand for newer and more protected packaging solutions for safe delivery of products.

The packaging films market is fragmented in nature with key players being Berry Global Inc. (US), Amcor Plc (Switzerland), RKW Group (Germany), Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Charter Next Generation (US), Mylar Specialty Films (UK), Sealed Air (US), Coveris (Austria), and SRF Limited (India), among others.

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Berry Global Inc. invents innovative packaging solutions and offers non-woven products. The company works through four segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties. The Consumer Packaging International segment provide products primarily for markets outside North America. The Engineered Materials segment manufactures flexible products serving mainly North American and European markets. The Health, Hygiene, and Specialties segment caters to global markets.

Amcor Plc is a global player in the packaging industry known for its advanced and sustainable packaging solutions. The company serves a range of industries such as food and beverage healthcare home care personal care and specialized applications. Amcor’s focus lies in creating packaging that is lighter, recyclable and reusable while incorporating increasing amounts of recycled materials. The company operates through two divisions; Flexible Packaging and Rigid Packaging. In the Flexible Packaging division there are 166 facilities across 37 countries employing over 36,000 individuals. This division produces packaging for food, beverages, healthcare, pharmaceuticals, personal care and more. On the other hand the Rigid Packaging division operates 52 plants in 11 countries with a workforce of more than 5,000. Amcor distributes its products globally reaching regions like Asia Pacific, Europe, North America, South America, and Middle East & Africa.

RKW Group is a leading worldwide producer of films made from polyolefins. Their creative and eco friendly film products improve everyday life for people around the globe. RKW specializes in manufacturing films used in hygiene products, agriculture as well as the food, beverage and powdered goods industries. The company also supplies films and non woven materials for sectors such as chemicals and processing along with applications in fields like healthcare, automotive and construction.

The companies have initiated the following developments:

  • In October 2023, Berry Global Inc. consolidating its global range of high-performance polyethylene (PE) lamination films under the Entour film brand, integrating the company's broader portfolio. The European 'FormiForLAM' product will be renamed Entour films as part of this initiative.
  • In July 2023, Berry Global's European flexible films business introduced a new version of its high-performance, patented NorDiVent form-fill-seal (FFS) film for powdered products, now incorporating up to 50% recycled plastic content.
  • In May 2024, in addition to its existing US, South America, and Asia Pacific centers, Amcor opened the Amcor Innovation Center Europe (AICE) in Ghent, Belgium. AICE will lead the development of new material technologies to enhance the sustainability and performance of packaging while focusing on designs that stand out in stores and improve consumer convenience.
  • In February 2023, RKW was honored with the German Brand Award for their market launch campaign of RKW Horizon MDO-PE films.

Related Reports:

Packaging Films Market by Application (Food, Beverage, Pharmaceutical & Healthcare, Personal Care & Cosmetics), Film(PE, BOPP, BOPET, CPP, PVC, PA, EVOH, Cellulose), Type (Pouches, Bags, Films & Wraps, Rollstock), Region - Global Forecast to 2033

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Packaging Films Market Size,  Share & Growth Report
Report Code
CH 2162
RI Published ON
9/5/2024
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