The global market for plastic films and sheets was estimated at $112.4 billion in 2012, and expected to grow at a CAGR of 4.4 percent from 2013 to 2018, according to a report from Markets and Markets.
Food packaging is the key application area for the plastic films and sheets. Sales in food packaging market is expected to grow at 5.2 percent from 2013 to 2018.
Ever increasing application of plastic films and sheets in food packaging and agricultural applications, and untapped Asia-Pacific market is presenting good outlook for this industry. Even though polyethylene is used as a key material for plastic films and sheets production, polypropylene is slowly becoming ...