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Description
The global thermoplastic films market size valued USD 548.1 million in 2020 and expected to grow at a CAGR of 15.4% during the forecast period 2021-2027. There are few factors which act as potent drivers such as cost efficiency and the fact that polypropylene can be used at a wide variety of temperatures. There are few restrains which hamper the growth of global thermoplastic films market are poorly resistant to hydrocarbons, organic solvents and extremely polar solvents and are more costly than thermoset materials and will melt if they are heated. Applications for furniture & interior, doors & windows and packaging open up multiple opportunity towards the global thermoplastic films market. This report studies global thermoplastic films dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global thermoplastic films market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global thermoplastic films market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Key Developments :
In AUGUST 2021,Klöckner Pentaplast, a leading global manufacturer of high barrier protective packaging solutions with industry-leading use of recycled content material, has launched kpNext, its first-to-market innovation in recyclable PET blister films. kpNext is the only PET recyclable blister that is completely compatible on pharmaceutical manufacturing form, fill and seal equipment.
In July 2021, Avery Dennison signed an agreement to acquire Vestcom, a privately held market-leading provider of pricing and branded labeling solutions at the shelf-edge for retailers and consumer packaged goods companies, for $1.45 billion in a cash transaction, subject to certain closing and post-closing adjustments.
