According to Freedonia Group released the latest research report, US demand for plastic film will grow by 1.5% per year to reach 15.4 billion pounds in 2018, the market value of approximately $ 24.9 billion. Accelerated growth of manufacturing output and disposable income in multiple markets bode well for the plastic film. Resin supply will cause prices to stabilize prices, compared to other materials, plastic film will be more cost-competitive. Stand-up pouches gradually penetrate emerging markets will drive demand for plastic film.
LLDPE is to use the largest film resin, the resin using 45% of the total amount in 2013, to 2018, LLDPE will maintain steady growth. Market analyst Spencer Hobson found that “demand growth will slow LDPE film, because in some areas, it was replaced by LLDPE film, LDPE film and multiple major application market has reached maturity.”
To promote the affected by fresh agricultural product and snacks packaging of, demand growth rate PP thin-film of will be higher than average level. To 2018, HDPE thin-film is expected to the growth rate of lowest, because in spite of demand in the food packaging market in of will to rise, but to reduce the disposable plastic bags dosage of enough to offset these growth. PET thin-film demand will close to the average growth level of, this kind thin-film demand in food packaging will rise sharply, but the demand in magnetic tape and film market will decline.