Market Share of Plastic Film Industry
The plastic film market is fragmented in nature because of the presence of global players and local manufacturers such as Amcor PLC, Berry Global Group Inc., Toray Advanced Film Co Ltd, Oben Holding Group, Taghleef Industries LLC, and Copol International Ltd. Partnerships, mergers, and acquisitions are the prime growth strategies global players adopt to sustain in the market.
- April 2024: Inteplast BOPP Films, a producer of biaxially oriented polypropylene films, partnered with VerdaFresh, a company specializing in sustainable food packaging solutions, to develop a high-barrier flexible film designed to prolong the shelf life of food products while minimizing packaging waste. The initiative, as stated by the company, aims to combat food waste through sustainable packaging methods.
- September 2023: Oben Group announced its agreement to acquire Terphane, a flexible packaging films business part of Tredegar Corporation, which will help the company expand its footprint in the market.
- May 2023: INEO created a thin, inflexible film that is made from over half recycled plastic. This is the first occasion that such a large amount of recycled waste plastic has been employed for packaging products. By combining INEO's polymer savvy with the advanced Machine-Direction Orientation (MDO) technology of Hosokawa Alpine, Recycl-IN resins with more than 50% recycled plastic were converted into polyethylene film.
Plastic Film Market Leaders
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Amcor plc
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Berry Global, Inc
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Toray Advanced Film Co Ltd
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Oben Holding Group
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Taghleef Industries LLC
*Disclaimer: Major Players sorted in no particular order