Plastic film outlook brightens
By PIC staffGeneral Flexible Packaging plastic film plastic packaging
U.K. consulting firm expects China and India to make substantial investment in plastic film
NOTTINGHAM, U.K.—Plastic film manufacturers can breathe at least a small sigh of relief, according to a new industry outlook from PCI Films Consulting.
The U.K.-based consulting firm looked at factors such as pricing and demand for the global polyester film industry.
It says the film shortage has eased. New capacity coming on stream before 2015 will ensure 2010 uncertainties do not return in the short-to-medium term.
Prices have eased considerably due to extra volume from India and softer demand, likely due to the running down of stock built up at the end of last year.
India’s decision to ban laminate packaging will further improve supply while substantial new investment is planned by emerging players in India and China.
The thick film market will see steady growth, driven by developments in photovoltaic and flat screen applications.
But flexible packaging will be the main driver—accounting for 54 per cent of the industry.
Flexible packaging will see an annual growth of around 8.5 per cent, although there will be regional variations in that rate.
PCI’s report was based on global data from manufacturers, users and machinery suppliers.