03 January 2013 23:08 [Source: ICIS news]
HOUSTON (ICIS)--US plastic film demand growth is projected at 1.8%/year to 15.9bn lb in 2016, a market research study said on Thursday.
Linear low density polyethylene (LLDPE) will lead the way, accounting for approximately half of the volume in 2016, but degradable plastics will exhibit the fastest growth among the low volume films, according to Cleveland-based industry research firm, The Freedonia Group.
LLDPE film demand is projected to increase by 2.1%/year to 7.5bn lb in 2016
High density polyethylene (HDPE) film will grow at 1.4%/year to 2.5bn lb because of slow retail bag advances, and low density polyethylene (LDPE) will grow at 1.7%/year to 2.3bn lb.
Demand for polyethylene terephthalate (PET) film will rise at a below-average rate, with good opportunities for PET film seen in food packaging applications such as snack foods, confections and frozen food, according to Freedonia.
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