COVID-19 Potential impact on Plastic Film Market size in terms of volume and value 2020-2027
Plastic Film Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Plastic Film status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2027.
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The high cost of raw materials as the manufacturing of biodegradable plastic films is relatively high as compared to conventional film is expected to restrict the market growth of the plastic film. Manufacturing of biodegradable film requires additives which further adds to the cost of the manufacturing. Hence, the high cost of raw materials is expected to negatively impact market growth to some extent.
The growing trend of using plastic film across the construction industry for the manufacturing of windows, roofing applications, water barrier material, etc., is expected to propel the market growth of the plastic film. The market growth of plastic films can also be attributed to the expanding construction industry. According to the Coherent Market Insights forecast, the market in developing countries, including China and India, are expected to account for over 80% of the global construction market value and volume by 2030, which is expected to increase significantly in the near future.
Key players operating in global plastic films market are The Dow Chemical Company, DuPont, Eastman Chemical Company, Evonik Industries AG, Amcor Limited, Berry Plastics Corporation, Griffon Corporation Inc., Mitsubishi Chemical Holdings Corporation, Saudi Basic Industries Corporation (SABIC), and Honeywell International Inc.
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