)--The global specialty plastic films market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio. https://www.technavio.com/talk-to-us'report=IRTNTR31463
As per Technavio, the increasing adoption of bioplastics will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.Global Specialty Plastic Films Market: Increasing Adoption of Bioplastics
Growing concerns over the harmful effects caused by plastics on the environment have increased the focus toward the adoption of biopolymer-based plastics. These plastics are produced from biomass and comprise of materials such as corn, wheat, and sugarcane. Their demand is increasing rapidly in many industrial and consumer applications, particularly in the packaging industry. Thus, the increasing adoption of bioplastics is expected to have a positive impact on the growth of the global specialty plastic films market during the forecast period.“Increasing focus toward recycling to reduce plastic waste and the rising adoption of barrier films will further boost market growth during the forecast period,” says a senior analyst at Technavio.Register for a free trial today and gain instant access to 17,000+ market research reports.
end-user (packaging, personal care, electrical and electronics, and others) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the rapid growth of end-user industries such as food and beverage and personal care.Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.