On September 30, 2016, the consulting company Smithers Rapra, specializing in rubber and plastics, has published a report focusing on the global plastic film market, analyzing current technological developments and their future use potential, and forecasting market trends for a 2016-2021 period. The report provides historical data and current market estimates, along with quantitative market projections broken down by film type, end-use and region.
The global usage of plastic films is forecast to grow with an annual rate of up to 6%, reaching an annual demand of 73 million metric tons by 2021. This trend is largely due to the lighter weight of plastics compared to alternative materials such as glass or paper, because this quality is expected to be favored by the companies with an increased focus on fuel efficiency.
As discussed in an article by Anne Marie Mohan, published on October 19, 2016 on the Greener Package website, further socioeconomic trends favoring the growth of plastic film market, according to Smithers Rapra, include “economic influences, lifestyle and demographic changes, the development of new materials and packaging technologies, and emerging trends in end-use markets.”
Anne Marie Mohan (October 19, 2016). “Socioeconomic trends drive global growth of plastic films.” Greener Package
Smither Rapra (September 30, 2016). “The future of global plastic films to 2021.”