The Future of Mono-material Plastic Packaging Film to 2025
August 12, 2020World mono-material plastic packaging film consumption grew during 2015–19 at an annual average rate of 3.5% to 20.44 million tonnes ($55.9 billion). Consumption is forecast to grow during 2020–25 at an annual average rate of 3.9% to 26.03 million tonnes ($70.9 billion).
World mono-material
plastic packaging film consumption grew during 2015–19 at an annual average
rate of 3.5% to 20.44 million tonnes ($55.9 billion). Consumption is forecast
to grow during 2020–25 at an annual average rate of 3.9% to 26.03 million
tonnes ($70.9 billion). Flexible plastic packaging is growing worldwide and is
taking market share from other pack formats, such as rigid packaging, across
many applications.
Flexible plastic packaging has a number of advantages compared to rigid
packaging formats; including lack of rigidity, lower weight, lower transport
costs, less energy to produce and lower environmental impact. Barrier
protection can be tailored to meet product and shelf-life needs and it can be
retorted and hot-filled to challenge glass and metal packaging. Flexible
packaging can also be readily printed, decorated and coded without use of
separate labels.
What will you discover?
- The key drivers and trends which are driving the demand for mono-material plastic packaging
- The biggest sector growth areas in the mono-material plastic packaging market
- The sustainability pressures that are shaping the ways in which we use plastic packaging.
The Smithers methodology
This report is based on extensive primary and secondary research. Primary
research consisted of targeted interviews with packaging material suppliers,
converters and experts drawn from key markets. This was supported by secondary
research in the form of extensive literature analysis of published data,
official government statistics, domestic and international trade organisation
data, company websites, industry reports, trade press articles, presentations
and attendance at trade events.