United Kingdom Plastic Packaging Films Market - Growth Trends And Forecasts ( 2024 -2029)

United Kingdom Plastic Packaging Films Market Analysis

The United Kingdom Plastic Packaging Films Market size is estimated at 0.95 Million tonnes in 2024, and is expected to reach 1.11 Million tonnes by 2029, growing at a CAGR of 3.16% during the forecast period (2024-2029).

• The rising need for high-performance films is propelling the growth of the plastic packaging film market in the United Kingdom. This market growth is also driven by heightened barrier requirements across various end-user industries, including food packaging, pharmaceuticals, and consumer goods. Advancements in processing technologies facilitate the use of plastic films, ensuring their suitability and cost efficiency in production. These technological improvements enable manufacturers to meet stringent industry standards and cater to the evolving demands of consumers.
• Consumers in the region gravitate toward products with extended shelf lives, driven by convenience and a growing concern for reducing food waste. With its superior barrier properties, plastic film packaging shields items from moisture, oxygen, light, and other elements that can compromise their quality and freshness. As a result, it is proving instrumental in prolonging the shelf life of a wide array of perishable items, spanning from food and beverages to pharmaceuticals and personal care products. Additionally, the lightweight nature of plastic film packaging reduces transportation costs and carbon emissions, making it an environmentally friendly option. The versatility of plastic film also allows innovative packaging designs that cater to various consumer preferences and market demands.
• On-the-go consumption, smaller households, and rising demand for convenience increasingly define modern lifestyles. Plastic film packaging is a solution, offering lightweight, portable, and resealable features that align with these lifestyles. Single-serve and portion-controlled formats are gaining traction, catering to consumers' convenience and portion-control preferences. Additionally, the versatility of plastic film packaging allows innovative designs and functionalities, such as easy-open features and extended shelf life, further enhancing its appeal to consumers and manufacturers alike.
• The UK government introduced the plastic packaging tax (PPT) to curb plastic waste, effective 2022. This tax targets plastic packaging with less than 30% recycled content. This levy compels companies that produce plastic packaging to adopt more recycled materials, aiming to slash plastic waste destined for landfills or incineration. In April 2024, the tax increased to GBP 217.85 per tonne. The tax's proceeds are earmarked to bolster the UK's recycling infrastructure and combat plastic waste. These regulations are poised to reshape the market, presenting challenges and opportunities.
• Recycling is pivotal in establishing a closed loop for sustainable plastics. Advancements in collection, sorting techniques, and innovative recycling methods ensure that plastic retains its value throughout its lifecycle. As the region has established mandated targets for recycled content, it underscores the importance of innovation and investment in reducing waste and enhancing recycling efficiency.

United Kingdom Plastic Packaging Films Market Trends

The Polyethylene Segment is Expected to Hold a Significant Market Share

United Kingdom Plastic Packaging Films Industry Segmentation

Plastic films are versatile, serving to wrap products, overwrap various packaging types (from individual packs to palletized loads), and create sachets, bags, and pouches. They are often part of laminates, which are combined with other plastics and materials for packaging. The report delves into the demand for these converted packaging films, analyzing them across essential resin and application categories. This broad scope mirrors the diverse needs of the market and the shifting preferences of consumers and businesses.

The UK plastic packaging film market is segmented by type (polypropylene (biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP)), polyethylene (low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE)), polyethylene terephthalate (biaxially oriented polyethylene terephthalate (BOPET)), polystyrene, bio-based, and PVC, EVOH, PETG, and other film types) and end user (food [candy & confectionery, frozen foods, fresh produce, dairy products, dry foods, meat, poultry, and seafood, pet food, and other food products (seasonings & spices, spreadables, sauces, condiments, etc.)], healthcare, consumer products packaging (cosmetics, household, and personal care), industrial packaging, and other end users (agricultural, chemical, and others)). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.