USD 2.4 billion
Report ID:
SQMIG15B2038 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|Tables:
65
|Figures:
75
Mono Material Plastic Packaging Film Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 3.59 Billion by 2032, growing at a CAGR of 4.1% during the forecast period (2025-2032).
The main advantage of mono material plastic packaging film is that it is easier to recycle than multi-layered plastic packaging, which is made up of different types of plastic polymers that can be difficult to separate and recycle. It is also lightweight, flexible, and has excellent barrier properties, making it suitable for a wide range of applications, including food and beverage packaging, medical packaging, and personal care products. The most commonly used types of plastic polymers for the film include polyethylene (PE), polypropylene (PP), and polylactic acid (PLA). These materials are recyclable and can be processed into a wide range of new products, making them an attractive option for companies looking to reduce their environmental impact and meet consumer demand for more sustainable packaging solutions.
The global mono material plastic packaging film market is a rapidly growing industry driven by several key factors, including increasing demand for sustainable packaging solutions, growing awareness of environmental issues, and the need for lightweight and cost-effective packaging materials. One of the key drivers of the market is the growing demand for sustainable packaging solutions. As consumers become more aware of the environmental impact of traditional plastic packaging, they are increasingly demanding more eco-friendly and sustainable packaging solutions. It is an attractive option for companies looking to reduce their environmental impact, as it is made from a single type of plastic polymer and is easily recyclable. Another key driver of the market is the need for lightweight and cost-effective packaging materials. It is lightweight and flexible, making it ideal for a wide range of applications, including food and beverage packaging, medical packaging, and personal care products. It is also a cost-effective alternative to traditional packaging materials, which is particularly important in price-sensitive markets.
However, there are also several challenges that the mono material plastic packaging film market faces. One of the key challenges is the lack of standardization in recycling infrastructure, which can make it difficult to recycle it in some regions. Additionally, the high cost of raw materials and the lack of awareness and understanding among consumers about the benefits of sustainable packaging are also barriers to the growth of the market. Overall, the global market is a rapidly growing industry driven by increasing demand for sustainable and cost-effective packaging solutions. As consumers become more environmentally conscious, and as governments and companies become more committed to reducing their environmental impact, the demand for mono material plastic packaging film is expected to continue to grow in the coming years.
US Mono Material Plastic Packaging Film Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.4 billion
Largest Segment
Polyethylene (PE)
Fastest Growth
Polyethylene (PE)
Growth Rate
4.1% CAGR
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Global mono material plastic packaging film market is segmented on the basis of material type, application and region. By material type, the market is segmented into polyethylene (PE), polypropylene (PP), polylactic acid (PLA) and others. By application, market is segmented into food and beverage packaging, healthcare packaging, personal care packaging, industrial packaging and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Mono Material Plastic Packaging Film Market Analysis by Material Type
In terms of material type, polyethylene (PE) is the largest segment of the mono material plastic packaging film market, followed by polypropylene (PP). Polyethylene is the largest segment of the market. It is widely used in food packaging, particularly in the form of flexible packaging films, due to its high strength, flexibility, and resistance to moisture and chemicals. In addition, polyethylene is widely used in industrial packaging, particularly in the form of stretch wrap films.
Polypropylene is the second-largest segment of the mono material plastic packaging film market. It is widely used in a range of applications, including personal care and industrial packaging, due to its high strength, flexibility, and resistance to moisture and chemicals. In addition, polypropylene is increasingly being used in food packaging, particularly in the form of rigid packaging containers.
Mono Material Plastic Packaging Film Market Analysis by Application
In terms of application, the food and beverage segment is the largest and fastest-growing segment of the mono material plastic packaging film market. The food and beverage packaging segment is the largest application segment of the global market. This is due to the widespread use of plastic films in the packaging of a variety of food and beverage products, including snacks, baked goods, frozen foods, and beverages. These are used in food and beverage packaging due to their ability to protect the contents from moisture, oxygen, and other environmental factors that can degrade the quality of the product.
The healthcare packaging segment is another significant application segment of the global mono material plastic packaging film market. These films are used in the packaging of medical devices, pharmaceutical products, and other healthcare products due to their ability to protect the contents from moisture, oxygen, and other environmental factors that can degrade the quality of the product.
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In terms of region, the Asia-Pacific region is the largest and fastest-growing market for mono material plastic packaging film market. The growing population and changing lifestyles in the APAC region have led to an increasing demand for packaged food and beverages, driving the growth of the market. The increasing awareness of the need for sustainable packaging solutions is driving the demand for mono material plastic packaging film in the APAC region, as it is a more eco-friendly alternative to traditional plastic packaging. The APAC region has witnessed significant investments in the packaging industry, which is driving the growth of the market. The governments in several countries in the APAC region have introduced policies and regulations to promote the use of sustainable packaging solutions, which is expected to drive the growth of the market in the region. The e-commerce industry is witnessing significant growth in the APAC region, and the film provides a reliable and cost-effective packaging solution for products that are shipped directly to consumers. Overall, the APAC region is expected to witness the highest growth rate in the market during the forecast period, driven by the increasing demand for sustainable packaging solutions, growing investments in the packaging industry, and the rapid growth of the food and beverage and e-commerce industries in the region.
The North America is a significant market for the global mono material plastic packaging film market, with the US being the largest market in the region. The market is expected to grow at a significant rate during the forecast period. The increasing awareness of the need for sustainable packaging solutions is driving the demand for these films in North America. The regulatory environment related to plastic waste management is constantly evolving in North America, with increasing emphasis on reducing plastic waste and increasing the use of sustainable packaging solutions. The food and beverage industry is a major end-user of these films in North America due to its superior barrier properties, which protect products from moisture, oxygen, and other environmental factors. Technological advancements in the production of the film have led to the development of high-performance materials that offer superior strength, durability, and barrier properties, which are driving the growth of the market. The increasing popularity of online shopping in North America is driving the demand for the film, as it provides a convenient and reliable packaging solution for products that are shipped directly to consumers. Mono material plastic packaging film is cost-effective compared to other materials, which makes it an attractive option for a wide range of applications in North America. Overall, the North American market is expected to witness significant growth during the forecast period, driven by the increasing demand for sustainable, cost-effective, and high-performance packaging solutions in the region.
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Mono Material Plastic Packaging Film Market Drivers
Growing demand for sustainable packaging
Increasing use in the food and beverage industry
Growing demand for e-commerce
Mono Material Plastic Packaging Film Market Restraints
Limited availability of raw materials
Competition from alternative packaging materials
Uncertainty regarding the regulatory environment
Concerns regarding the recyclability of certain types of mono material plastic packaging film
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The global mono material plastic packaging film market is highly competitive and fragmented, with several leading players vying for market share. The market players are adopting various strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to maintain their position in the market. These players are focusing on innovation and new product development to gain a competitive edge in the market. The market is witnessing increasing consolidation through mergers and acquisitions as leading players look to expand their product portfolios and geographic reach. The emphasis on sustainable and eco-friendly packaging is also leading to a shift in focus toward the development of mono material plastic packaging film solutions that are recyclable, compostable, and biodegradable.
Mono Material Plastic Packaging Film Market Top Player’s Company Profiles
Mono Material Plastic Packaging Film Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our mono material plastic packaging film market analyses, the global market is expected to experience significant growth in the coming years. As consumers become more aware of the impact of plastic waste on the environment, there is increasing demand for eco-friendly packaging solutions. These films are considered more sustainable than traditional multi-layered films, as they are easier to recycle and reduce the amount of plastic waste generated. Governments and regulatory bodies around the world are implementing regulations aimed at reducing plastic waste and promoting sustainable packaging. This is expected to drive the adoption of these films in various industries. The food and beverage, healthcare, and personal care industries are expected to be major consumers of mono material plastic packaging films due to their ability to protect products from environmental factors. Advances in materials science and manufacturing technologies are leading to the development of more advanced and sustainable packaging films. This is expected to drive innovation in the market and open up new opportunities for growth. Overall, the market is expected to experience steady growth in the coming years, driven by increasing demand for sustainable and convenient packaging solutions. The market is also expected to benefit from advancements in materials science and manufacturing technologies, which are likely to result in the development of more advanced and sustainable packaging solutions.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.4 billion |
Market size value in 2031 | USD 3.45 billion |
Growth Rate | 4.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mono Material Plastic Packaging Film Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mono Material Plastic Packaging Film Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mono Material Plastic Packaging Film Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mono Material Plastic Packaging Film Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Mono Material Plastic Packaging Film Market size was valued at around USD 2.4 billion in 2019 and is expected to reach a value of USD 3.45 billion by 2031, at a CAGR of 4.1% over the forecast period (2024-2031).
The mono material plastic packaging film market is highly competitive and fragmented, with several leading players vying for market share. The market players are adopting various strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to maintain their position in the market. These players are focusing on innovation and new product development to gain a competitive edge in the market. The market is witnessing increasing consolidation through mergers and acquisitions as leading players look to expand their product portfolios and geographic reach. The emphasis on sustainable and eco-friendly packaging is also leading to a shift in focus toward the development of mono material plastic packaging film solutions that are recyclable, compostable, and biodegradable. 'Amcor (Australia)', 'Berry (US)', 'DuPont Teijin Films (UK)', 'Mitsubishi Polyester Film (Japan)', 'Jindal Poly Films (India)', 'Toray Plastics (US)', 'RKW SE (Germany)', 'Uflex Ltd. (India)', 'SABIC (Saudi Arabia)', 'Mondi Group (Austria)', 'Bischof + Klein (Germany)', 'Innovia Films (UK)', 'Taghleef Industries (UAE)', 'Cosmo Films (India)', 'Plastika Kritis (Greece)', 'Schur Flexibles (Austria)', 'Wipak Group (Finland)', 'Flex Films (India)', 'Proampac (US)', 'Coveris (UK)'
The rising awareness of the need for environmentally-friendly packaging solutions is driving the demand for mono material plastic packaging film. It is recyclable, compostable, and biodegradable, making it a more sustainable alternative to conventional plastic packaging.
Technological Advancements: With the advancements in technology, manufacturers are developing innovative solutions to cater to the growing demand for sustainable packaging. For instance, the development of multilayer mono-material films with barrier properties is expected to provide better protection for the products.
In terms of region, the Asia-Pacific region is the largest and fastest-growing market for mono material plastic packaging film market. The growing population and changing lifestyles in the APAC region have led to an increasing demand for packaged food and beverages, driving the growth of the market. The increasing awareness of the need for sustainable packaging solutions is driving the demand for mono material plastic packaging film in the APAC region, as it is a more eco-friendly alternative to traditional plastic packaging. The APAC region has witnessed significant investments in the packaging industry, which is driving the growth of the market. The governments in several countries in the APAC region have introduced policies and regulations to promote the use of sustainable packaging solutions, which is expected to drive the growth of the market in the region. The e-commerce industry is witnessing significant growth in the APAC region, and the film provides a reliable and cost-effective packaging solution for products that are shipped directly to consumers. Overall, the APAC region is expected to witness the highest growth rate in the market during the forecast period, driven by the increasing demand for sustainable packaging solutions, growing investments in the packaging industry, and the rapid growth of the food and beverage and e-commerce industries in the region.
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Report ID: SQMIG15B2038
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