Increased Demand for Plastic-Based Flexible Packaging Products Driving US Plastics Films Industry

NEW YORK - Aug. 20, 2015 - PRLog -- The plastic films market in the US is expected to grow at a fast rate during the forecast period because of an increase in demand for food and beverage products. The healthcare packaging industry is an important growth factor contribute to the growth of the market because of the rise in demand for blister packaging and stick pouches in the packaging of drugs. Rise in demand for LLDPE and HDPE resins which are widely used in the manufacture of plastic films, will lead to the growth of the market during the forecast period.

“With increased adoption of protective packaging solution such as active and intelligent packaging, vendors have started investing in newer technologies to develop products and foster product innovations,”says Faisal Ghaus, Vice President of Technavio Research.

“Manufacturers of packaging materials are also looking at differentiating their products from their competitors by providing the best possible protective packaging products to meet customers' needs.”

Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on theplastic films market in the US 2015-2019.   Demand for biodegradable plastic packaging films is one of the major trends upcoming in the market. Biodegradable plastic films are easily decomposed by microorganisms, and have a significantly less harmful effect on the environment than conventional plastics. They are not necessarily entirely made from renewable materials; many are made from petrochemicals with biodegradable additives. In terms of revenue, the plastic films market in the US 2015-2019 is expected to grow at a CAGR of 16.65% during the period 2014-2019.

To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Plastic Films Market in the US 2015-2019 (http://www.technavio.com/report/us-plastic-films-market?u...), please send an e-mail to media@TechNavio.com