Germany Plastic Packaging Films Market Size, Share, and COVID-19 Impact Analysis, By Type (Polypropylene (PP) (BOPP, CPP), Polyethylene (LDPE, LLDPE), Polyethylene Terephthalate (BOPET), Polystyrene, Bio-Based, and PVC, EVOH, PETG, and Other Film Types), By End-user Industry (Food, Healthcare, Personal Care & Home Care, industrial Packaging, and Other End-use Industry Applications), and Germany Plastic Packaging Films Market Insights, Industry Trend, Forecasts to 2033
Industry: Chemicals & MaterialsGermany Plastic Packaging Films Market Insights Forecasts to 2033
- The Germany Plastic Packaging Films Market is growing at a CAGR of 2.55% from 2023 to 2033
- The Germany Plastic Packaging Films Market Size is expected to hold a significant share by 2033
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The Germany Plastic Packaging Films Market is anticipated to hold a significant share by 2033, growing at a CAGR of 2.55% from 2023 to 2033. The increasing demand for lightweight packaging solution and surging demand across industries are driving the plastic packaging films market in the Germany.
Market Overview
Plastic packaging films market refers to the production, supply, and demand of thin, flexible plastic films used for protecting and packaging various products across industries. Plastic packaging films are thin, flexible sheets of plastic, commonly made from materials like polyethylene (PE), polypropylene (PP), or polyethylene terephthalate (PET). There is an increasing need for plastic packaging films from key industries such as pharmaceutical & healthcare, food, beverage, and personal care & cosmetics to safeguard and maintain product integrity. There is an ongoing trend toward sustainability and lightweight due to environmental considerations and shifts in lifestyle, influencing consumer purchasing power. The innovation in plastic films, especially in the food industry, due to upsurging preferences for processed foods. The growing investment in the pharmaceutical sector is anticipated to propel the market growth due to the suitability of plastic films for sterile medical and pharmaceutical packaging.
Report Coverage
This research report categorizes the market for the Germany plastic packaging films market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany plastic packaging films market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany plastic packaging films market.
Germany Plastic Packaging Films Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023 – 2033 |
Forecast Period CAGR 2023 – 2033 : | 2.55% |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Type, By End-user Industry and COVID-19 Impact Analysis |
Companies covered:: | TORAY FILMS EUROPE, Bauerschmidt Plastics GmbH, Innovia Films (CCL Industries Inc.), Mitsubishi Polyester Film GmbH(Mitsubishi Chemical Group), Berry Global Inc., Klockner Pentaplast, SUDPACK Holding GmbH, DUO PLAST AG, Taghleef Industries, Cosmo Films, Jindal Films Europe, SRF LIMITED, and Other key players |
Pitfalls & Challenges: | COVID-19 has the potential to impact the global market |
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Driving Factors
The increasing demand for lightweight packaging solutions for food and non-food packaging surges the need for plastic films, thereby driving the market. The increasing demand for plastic films across packaging, agriculture, construction, and healthcare sectors is driving the plastic packaging films market. In addition, the increasing need for flexible packaging from food & beverage industries is propelling the market demand for plastic packaging films.
Restraining Factors
The stringent government regulations regarding the use of plastics are restraining the market growth. Further, the fluctuation in the raw material prices and complex recycling processes are challenging the market.
Market Segmentation
The Germany Plastic Packaging Films Market share is classified into type and end-user industry.
- The polyethylene (LDPE, LLDPE) segment is dominating the Germany plastic packaging films market and is anticipated to grow at a significant CAGR during the forecast period.
The Germany plastic packaging films market is segmented by type into polypropylene (PP) (BOPP, CPP), polyethylene (LDPE, LLDPE), polyethylene terephthalate (BOPET), polystyrene, bio-based, and PVC, EVOH, PETG, and other film types. Among these, the polyethylene (LDPE, LLDPE) segment is dominating the Germany plastic packaging films market and is anticipated to grow at a significant CAGR during the forecast period. Polyethylene is the most commonly used plastic material referred to by many kinds of names such as plastic sheeting, polyethylene sheet, poly sheeting, and poly film. The flexibility, strength and moisture, chemicals, and stress-resistant properties of polyethylene lead to drive the market in the polyethylene (LDPE, LLDPE) segment.
- The food segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe.
Based on the end-user industry, the Germany plastic packaging films market is divided into food, healthcare, personal care & home care, industrial packaging, and other end-use industry applications. Among these, the food segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the projected timeframe. Plastic packaging aids in preserving the freshness of food products during transportation. The increasing preference for food packaging films due to less susceptibility to theft and contamination as well as advancement in packaging materials are propelling the market in the food segment.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Germany plastic packaging films market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- TORAY FILMS EUROPE
- Bauerschmidt Plastics GmbH
- Innovia Films (CCL Industries Inc.)
- Mitsubishi Polyester Film GmbH(Mitsubishi Chemical Group)
- Berry Global Inc.
- Klockner Pentaplast
- SUDPACK Holding GmbH
- DUO PLAST AG
- Taghleef Industries
- Cosmo Films
- Jindal Films Europe
- SRF LIMITED
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In June 2024, To address the growing demand for recyclable packaging options, and in collaboration with supply chain partners, ExxonMobil has successfully helped develop a recyclable MDO-PE//PE laminate, suitable for a variety of foods and liquids.
Market Segment
This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany plastic packaging films market based on the below-mentioned segments:
Germany Plastic Packaging Films Market, By Type
- Polypropylene (PP) (BOPP, CPP)
- Polyethylene (LDPE, LLDPE)
- Polyethylene Terephthalate (BOPET)
- Polystyrene
- Bio-Based
- PVC, EVOH, PETG, and Other Film Types
Germany Plastic Packaging Films Market, By End-user Industry
- Food
- Healthcare
- Personal Care & Home Care
- Industrial Packaging
- Other End-use Industry Applications
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