The global packaging films market is expected to reach a market size of $164.11 billion by 2028 and register a high CAGR during the forecast period, according to a latest report by Reports and Data. Rapid growth of packaging films can be attributed to the rising demand for flexible packaging.
Food and beverage product manufacturers are increasingly adopting flexible films based on polyethylene, as they have distinct barrier properties that help with better protection or longer shelf life. Manufacturers are increasingly investing for the production of enhanced flexible packaging films that prioritize durability and resistance to tearing, food safety and freshness, safe distribution and storage, and protection from environmental elements like light, moisture, temperature and gas.