Packaging Film Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Packaging Film Market is segmented by Type of Material (Polyethylene, Polypropylene, Polyester, PVC), Application (Food and Beverage Packaging, Medical and Pharmaceutical Packaging, Consumer Products Packaging, Industrial Packaging), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Packaging Film Industry Overview

Packaging Film Market Summary
Study Period: 2017-2027
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 6 %

Major Players

Packaging Film Market Major Players

*Disclaimer: Major Players sorted in no particular order


80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Packaging Film Market Analysis

The packaging film market is expected to witness a CAGR of 6% over the forecast period. The disposable income of consumers, urbanization and the demand for packaged food are the factors attributed to the growth of the market in emerging countries.

  • The growing e-commerce market and surge in demand for consumer goods and health products are driving demand for packaging films. Further, the rise in food delivery services due to maintaining hygiene and increasing investment in food delivery sectors post-pandemic are essential factors supporting the market's growth.
  • Furthermore, the rising demand from the retail sector for the extended shelf life of packaged products and the consumers' demand for convenience products are augmenting the sales of packaging films in the retail industry.
  • The rapidly growing usage of films in food packaging is significantly contributing to the growth of the packaging film market. This can be attributed to the increasing trend of down-gauging, which has supported the shift from rigid to flexible packaging. A strong focus on extending product shelf life and reducing packaging material waste, combined with a growing preference for packaged fresh foods such as fruits, meat, vegetables, and seafood, have increased demand for packaging films.
  • However, the volatility of raw material prices, the ongoing drive for sustainability which includes replacing plastic-based packaging products with biodegradable materials, and mandates of using PCR (post-consumer recycled) plastics in response to growing environmental concerns are some of the major factors hampering the market growth.
  • The COVID-19 pandemic has led to a significant increase in the demand for film packaging. The market experienced a marked increase in need through the rise in online shopping and food takeaway, which has led to an upsurge in the amount of packaging film usage. At the same time, the accelerated shift towards e-commerce resulted in a permanent plateau in production. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.​

Packaging Film Industry Segments

Plastic film is a continuous sheet of thin polymer material. "Sheet" is a common term for thicker plastic material. These delicate plastic membranes are employed as barriers, to retain objects, to divide spaces or volumes, and as printable surfaces.

The study presents the current status and prospects of the packaging film market. The market tracks the key parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The market size reflects the value of packaging film consumption across studied applications and is computed in real terms (USD million).​ The impact of COVID-19 is also considered for current market estimation and future growth projections.

The Packaging Film Market is Segmented by Type of Material (Polyethylene, Polypropylene, Polyester, PVC), Application (Food and Beverage Packaging, Medical and Pharmaceutical Packaging, Consumer Products Packaging, Industrial Packaging), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type of Material
Other Type of Materials
By Application
Food and Beverage Packaging
Medical and Pharmaceutical Packaging
Consumer Products Packaging
Industrial Packaging
Other Applications
North America
Latin America
Middle East & Africa

Report scope can be customized per your requirements. Click here.

Packaging Film Market Trends

This section covers the major market trends shaping the Packaging Film Market according to our research experts:

A Surge in E-commerce Business has Fueled Demand for Packaging

  • Because of COVID-19, there has been a renewed interest in packaging hygiene due to increased safety concerns. Furthermore, the period saw an increase in e-commerce, which increased the demand for well-designed and functional packaging films that are both sustainable and hygienic.
  • With the massive growth in online ordering, packaging film has gained popularity in the e-commerce market due to its discreet characteristics, which include being thicker than traditional clear shrink films to ensure durability and performance while keeping the contents of shipment private and having higher tear strength.
  • Shrink films are widely used for wrapping food packaging products in the e-commerce sector owing to their benefits, such as optimal shelf life and better oxygen transmission rates. With the demand for shrink film from the rapidly growing food industry, manufacturers are focusing on expanding their capacity to cater to this significant demand. For instance, In January 2022, IPG expanded its North American shrink film production by acquiring a new film plant in Everetts, NC, which allowed the company to expand its production capacity and product types.
  • The retail sector has witnessed strong growth due to changing lifestyles and rising disposable income. The emergence of online delivery services has shifted people's shopping habits from traditional to e-commerce in the countries like Thailand. Modern retail stores such as supermarkets, hypermarkets, and convenience stores have also risen significantly. Thailand's retail sales, including online and in-store purchases, have increased dramatically in the past few years.
Packaging Film Market - E-commerce Market Value in Thailand, in THB Trillion, 2017 - 2021

Asia-Pacific and Europe Contribute to Healthy Growth Rate over the Forecast Period

  • China is expected to account for the largest market share in the packaging films market of the Asia Pacific region, majorly due to its large middle-class population, increasing disposable incomes, and high demand for packaged food and pharmaceutical products. The increasing pharmaceutical production in the region is significantly driving the growth of the packaging film market in the region.​​
  • The e-commerce sector's growing presence in Southeast Asian nations such as Thailand is paving the way for packaging film in the region. Moreover, custom-made packaging films and wraps are required for industrial applications involving industrial powders, granular chemicals, lubricants, agricultural products, and other materials, which cater to market growth.
  • There have been various expansion activities by companies in the market to enhance their geographical presence and position. For instance, in December 2021, PTL launched a BOPP line in Indonesia as a part of its Southeast Asia expansion plans. With the start-up of the new BOPP film line, a 10.6-meter line, the company aims to further strengthen the cost-effectiveness of the operations in Indonesia due to economies of scale and improve its industry positioning in the geography.
  • The growing popularity of ready-to-eat meals that require safe packaging in the Asia Pacific and the growth of the food and beverage industries create a significant demand for high-quality and cost-effective packaging such as Cling films made of polyvinyl chloride (PVC) is a sustainable option for fresh food packing.
Packaging Film Market - Growth Rate by Region

Packaging Film Market Competitor Analysis

The packaging film market is fragmented with many players, such as AEP Industries Inc., Novolex, Bemis Company Inc., RKW SE, Dupont Teijin Films, Jindal Poly Films Ltd, Innovia Films, ProAmpac, and many others. Most of these players are undergoing several strategic developments to gain a competitive edge, including mergers, acquisitions, new product launches, and market expansion.

In May 2022, Jindal Poly Films Limited (JFPL) signed a contract with Brookfield Asset Management to sell a small portion of its packaging film business. The company decided to spend INR 2,000 crores (USD 260 million) in the business with institutional partners (collectively referred to as "Brookfield").

In March 2022, SAES Coated Films and RKW Group partnered to develop premium performance films for sustainable food packaging that aimed to offer high protection throughout the product lifecycle.

Packaging Film Market Top Players

  1. AEP Industries Inc.

  2. Novolex

  3. Amcor PLC (Bemis Company Inc.)

  4. RKW SE

  5. Dupont Teijin Films

*Disclaimer: Major Players sorted in no particular order

Packaging Film Market Concentration

Packaging Film Market Recent Developments

  • August 2022: TIPA Ltd and Aquapak collaborated to develop new compostable film solutions. This collaboration involved TIPA Ltd using Aquapak'swater-soluble polymer technology to deliver high-barrier and polyvinylidene dichloride (PVDC)-free compostable films for packaging.
  • June 2022: Pregis, the producer of protective packaging solutions, announced that it would invest more than EUR 10 million (USD 10.6 million) in multilayer PE film technology and manufacturing tools at its location in Heerlen, Netherlands. With this investment, Pregiscan continues to provide the packaging industry with cutting-edge sustainable solutions. Utilizing the Pregis AirSpeedinflatable systems for void fill and Hybrid Cushioning "HC" performance packaging solutions, the new extrusion technology will enable Pregisto to create and produce high-yield "thin" PE film with exceptional performance.
  • February 2022: To lessen reliance on virgin plastics and satisfy upcoming UK Plastic Packaging Tax requirements, one of the prominent sustainable packaging firms, Coveris, launched a variety of lightweight, next-generation stretch films with a minimum of 30% recycled content. The films are the most recent in a recent line of recycled product breakthroughs that also assist the businesses' objective of zero net waste. They were developed at Coveris' cutting-edge extrusion factory and Film Science Lab in Winsford.

Packaging Film Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter Five Forces

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Assessment of the Impact of COVID-19 on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Surge in E-commerce Business has Fueled Demand for Packaging

      2. 5.1.2 Innovations in Food and Beverage Packaging

    2. 5.2 Market Restraints

      1. 5.2.1 Stringent Regulations for Chemical Composition of Packaging Materials


    1. 6.1 By Type of Material

      1. 6.1.1 Polyethylene

      2. 6.1.2 Polypropylene

      3. 6.1.3 Polyester

      4. 6.1.4 PVC

      5. 6.1.5 Other Type of Materials

    2. 6.2 By Application

      1. 6.2.1 Food and Beverage Packaging

      2. 6.2.2 Medical and Pharmaceutical Packaging

      3. 6.2.3 Consumer Products Packaging

      4. 6.2.4 Industrial Packaging

      5. 6.2.5 Other Applications

    3. 6.3 Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Latin America

      5. 6.3.5 Middle East & Africa


    1. 7.1 Company Profiles

      1. 7.1.1 AEP Industries Inc.

      2. 7.1.2 Novolex

      3. 7.1.3 Amcor PLC (Bemis Company Inc.)

      4. 7.1.4 RKW SE

      5. 7.1.5 Dupont Teijin Films

      6. 7.1.6 Jindal Poly Films Ltd

      7. 7.1.7 Innovia Films

      8. 7.1.8 ProAmpac

      9. 7.1.9 Cosmo Films Ltd

      10. 7.1.10 SRF Limited

      11. 7.1.11 Graphic Packaging International LLC

      12. 7.1.12 Sigma Plastics Group

      13. 7.1.13 Sealed Air Corporation

    2. *List Not Exhaustive


**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Packaging Film Market Research FAQs

The Packaging Film Market market is studied from 2017 - 2027.

The Packaging Film Market is growing at a CAGR of 6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

AEP Industries Inc., Novolex, Amcor PLC (Bemis Company Inc.), RKW SE, Dupont Teijin Films are the major companies operating in Packaging Film Market.

Packaging Film Industry Reports

In-depth industry statistics and market share insights of the Packaging Film Market sector for 2020, 2021, and 2022. The Packaging Film Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Packaging Film Market report PDF.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!