Dallas, TX -- (ReleaseWire) -- 02/13/2014 -- The report "Packaging Film Market - By Application (Food, Medical & Pharmaceutical, Consumer Product, Industrial, & Others) & Type (LDPE, LLDPE, HDPE, CPP, BOPP, Polyester, PVC, Polyamide, EVOH, Cellulose, PLA PVDC, PVOH & Others) - Global Trends & Forecast to 2018", defines and segments the global packaging film market with analysis and forecasting of the global revenue and consumption. The Packaging film market consumption will grow from an estimated 51.2 million MT in 2013 to 63.79 million MT by 2018, with a CAGR of 4.5% from 2013 to 2018.
Browse 80 market data tables and 49 figures spread through 221 pages and in-depth TOC on “Packaging Film Market — Global Trends & Forecast to 2018.
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The North America and Europe packaging film market is fragmented and going through a consolidation stage. There were a number of acquisitions done by the leading companies in these geographies. The top packaging film manufacturers such as Amcor Ltd., Bemis Co., AEP Industries, and Ampac Holding LLC carried out major acquisition activities in the North America and Europe market.
The North America and Europe packaging film market is fragmented and going through a consolidation stage. There were a number of acquisitions done by the leading companies in these geographies. The top packaging film manufacturers such as Amcor Ltd., Bemis Co., AEP Industries, and Ampac Holding LLC carried out major acquisition activities in the North America and Europe market. North America and Europe together represented about 80% of the acquisitions done by the top 20 companies during 2010 to 2013.
Maximum number of acquisitions is carried out in the area of flexible packaging films. In North America and Europe, there are a large number of small and medium enterprises that are not having infrastructure to serve large volume of orders. As a result, bigger firms have preferably chosen acquisition of such smaller firms as the strategy for expansion. During the last ten years, significant number of consolidation activities took place in North America and Europe. Most notably, Bemis Company’s acquisition of Alcan Packaging Food Americas in 2010 made it the twice as large as the second largest packaging film producer in North America.
Amcor Limited, a major player in the Asia-Pacific market acquired B-Pack Due, a CPP manufacturer based in Italy. It helped Amcor to cater to the needs of European customers. RKW-Group of Germany acquired Danafilms, Inc., U.S.-based film producer to expand its business operation in North America. These consolidation activities also involved a number of private equity and venture capital firms. Sun European Partner, a Europe-based private equity firm invested heavily in the recent past towards acquiring flexible packaging providers.
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