According to forecasts of Global Industry Analysts Inc. (GIA), by 2015, global plastic film and board market consumption is expected to reach 50.7 million tons.
Among them, Asia-Pacific region is expected to become the fastest growing regional market, and the compound annual growth from now to 2015 will reach 4.0%. Headquartered in San Francisco, California, USA
Jose’s GIA said that this growth will “be driven by the huge potential of the Chinese and Indian marketsâ€, and the economies of these countries are developing rapidly, and the current per capita consumption of films and plates is low.
Markets in North America, Japan, and Western Europe have matured and saturated. GIA predicts that Africa/Middle East, Latin America and Eastern Europe will also show growth in the future. GIA added: "The thriving Russian market is driving the growing demand for plastic film in the region."
In terms of polymer types, GIA said that polyethylene film will be the world's most demanding market segment. However, with the increasing penetration of polypropylene into existing polyethylene applications, the market share of polyethylene is losing.
In the polyethylene material family, the market share of low-density polyethylene (LDPE) is flowing to linear low-density polyethylene (LLDPE). The market for high-density polyethylene (HDPE) film is also steadily increasing, but it is not growing as fast as linear low-density polyethylene (LLDPE).
From a sales perspective, biaxially oriented polypropylene film is the fastest growing market segment. After experiencing a recession in 2008, the BOPP market quickly recovered in 2009 with an increase of 3-4%.
According to GIA, from 2010 to 2013, global BOPP production capacity is expected to increase by 2.2 million tons to 2.4 million tons, most of which will come from the Middle East.
Among them, Asia-Pacific region is expected to become the fastest growing regional market, and the compound annual growth from now to 2015 will reach 4.0%. Headquartered in San Francisco, California, USA
Jose’s GIA said that this growth will “be driven by the huge potential of the Chinese and Indian marketsâ€, and the economies of these countries are developing rapidly, and the current per capita consumption of films and plates is low.
Markets in North America, Japan, and Western Europe have matured and saturated. GIA predicts that Africa/Middle East, Latin America and Eastern Europe will also show growth in the future. GIA added: "The thriving Russian market is driving the growing demand for plastic film in the region."
In terms of polymer types, GIA said that polyethylene film will be the world's most demanding market segment. However, with the increasing penetration of polypropylene into existing polyethylene applications, the market share of polyethylene is losing.
In the polyethylene material family, the market share of low-density polyethylene (LDPE) is flowing to linear low-density polyethylene (LLDPE). The market for high-density polyethylene (HDPE) film is also steadily increasing, but it is not growing as fast as linear low-density polyethylene (LLDPE).
From a sales perspective, biaxially oriented polypropylene film is the fastest growing market segment. After experiencing a recession in 2008, the BOPP market quickly recovered in 2009 with an increase of 3-4%.
According to GIA, from 2010 to 2013, global BOPP production capacity is expected to increase by 2.2 million tons to 2.4 million tons, most of which will come from the Middle East.
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