Global plastic films and sheets packaging market to reach US$138.3 bln by 2022

15-Oct-15

The global plastic films and sheets packaging market is poised to reach US$138.3 bln by 2022 growing at a CAGR of 5.5%, as per Reportlinker. Rising demand for bi-axially oriented films and increased demand for bio plastic materials are the key drivers of the market. Regulations restricting the use of non-biodegradable plastics and matured western European markets are restraining factors of the market. The opportunities lie in adoption of specialty films and growing usage of plastic films & sheets in agriculture. The increasing disposable income of the consumers together with the growing demand for packaged food is driving the market for plastic films & sheets.