Healthcare, automotive, electronics and packaging are all driving the market for plastic films

According to the transparent market research company 'Plastic Film Market', the global plastic film market size will reach 14.55 billion US dollars by 2020. This is all due to increased applications in packaging, automotive, healthcare and electronics. Healthcare has really taken off in the field of wound care. Films are often used as carrier sheets or meshes for extruded materials. It is also used as moisture protection until it is removed and just applied to the skin. Electronics is one of the biggest growth areas as all products want to be smaller and lighter. In the automotive space, you can really see this. I'm sure you've noticed that in any new car, van or truck, they're much quieter. This is due to the combination of the film and the non-woven fabric. This ability to form and bend around vehicle components, which have historically been lighter, stronger and waterproof, has contributed to this growth. In terms of volume, acrylic film dominated in 2013-2014. They have been adapted to all the aforementioned markets. They are preferred because they can be formulated with all film technologies. In addition, polyvinyl acetate (PVA) and polyurethane plastic films are other multipurpose products that can replace acrylic products. Polyvinyl butyral (PVB) and epoxy resin plasticizers are mainly used in the automotive and construction industries, respectively. The label market is growing at a CAGR of over 6% and is the fastest growing segment during the forecast period mentioned in the report. The packaging industry is the biggest driver of growth in label production. Another 45 percent of the big users are tapes. This includes packaging tape, single-sided tape, double-sided tape and tape transfer tape. Then, what is the future? It revolves around medicine. This will be the fastest growing end-user market for plastic film. This is due to ease of use and product handling. Other areas leading to strong growth in plastic films will be mobile devices, tablets and compact devices.

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