US demand for Plastic film is expected to grow 1.9 percent annually to 16 billion pounds in 2016, with a market value of $19 billion. Expansion of the market will be fostered by an acceleration in economic growth and an increase in consumer spending, which will drive demand for film used in diverse applications such as retail sales, manufacturing, and construction. Advances will also be helped by an increase in the use of film in packaging, where it offers advantages in cost, performance, and source reduction over other packaging materials. The versatility of plastic film increasingly allows for the downgauging of packaging, reducing the amount of material needed and lowering production and shipping costs, while maintaining desired characteristics. Although this expands the presence of plastic film in the market, it also reduces the volume of film needed, limiting growth.
To Know More - Plastic Film to 2016
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