16/07/2016
NEWS!!!
The global packaging film market is expected to register decent growth during the coming decade driven by middle class of China and India.
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Polyethylene is the mostly used material for packaging film; however, in flexible packaging polypropylene is used as the preferred material for film formation.
Food packaging industry is the major consumer for packaging films. However, pharmaceutical and personal care packaging is increasingly finding application of packaging films. These films are formed by extrusion-blown, extrusion-cast and extrusion-coating process.
The global packaging film market was estimated at $89,299.3 million in 2012, and expected to grow at a CAGR of 5.8% from 2013 to 2018. Food packaging is the key application area for the packaging films and packaging film sales in food packaging market is expected to grow at 6.2% from 2012 to 2018.
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