The Global Industrial Films Market is estimated to be USD 44.8 Bn in 2023 and is expected to reach USD 56.12 Bn by 2028 growing at a CAGR of 4.61%.Increasing Demand for Packaging in the Food Industry is Expected to Boost the Market Growth
The 'urban-industrial boom'refers to the rapid growth and development of urban and industrial areas, often associated with increased construction, infrastructure projects, and industrial activities. The Global Industrial Films Market can capitalize on this trend by providing various types of films used in construction, agriculture, and industrial processes. Films can be employed for applications such as geomembranes in construction and landscaping, greenhouse films in agriculture, and protective films for industry machinery and equipment. As urban and industrial development continues, the demand for industrial films to support these activities increases.
The regulatory landscape in various industries, including manufacturing and agriculture, is subject to changes to address environmental concerns and ensure safety. The Global Industrial Films Market needs to adapt to these evolving regulations by providing films that meet new compliance standards. For example, in the agriculture sector, there may be regulations related to pesticide containment and controlled-release films. In response, industrial film manufacturers may need to develop films that comply with these regulations to maintain market relevance.
Eco-friendly innovations in industrial films refer to developing and adopting more sustainable and environmentally friendly films. This includes using recyclable materials, reducing waste, and improving the overall environmental footprint of industrial films. Eco-friendly industrial films are becoming increasingly important as environmental concerns and sustainability goals gain prominence. These films can include agricultural mulch films that break down into biodegradable components or industrial packaging made from recycled materials.
Market Segmentations
- The Global Industrial Films Market is segmented based on Film Type, End-Use, and Geography.
- This section introduces the concept of categorizing the Global Industrial Films Market based on different film types. The choice of film type is critical in determining the film's characteristics, applications, and performance in various industrial settings.
- LLDPE (Linear Low-Density Polyethylene): LLDPE films are known for their flexibility, puncture resistance, and excellent elongation. They are commonly used in industrial packaging, agriculture, and construction. LLDPE films offer strength and toughness, making them suitable for protective and packaging purposes.
- LDPE (Low-Density Polyethylene): LDPE films are known for their clarity, flexibility, and moisture resistance. They are commonly used in industrial packaging, including plastic bags, shrink wrap, and agricultural films. LDPE films provide excellent transparency, making them suitable for various packaging applications.
- HDPE (High-Density Polyethylene): HDPE films are known for their strength, rigidity, and chemical resistance. They are commonly used in industrial applications such as geomembranes for environmental protection, construction films, and industrial packaging. HDPE films provide robust protection and are often used in demanding environments.
- PET/BOPET (Polyethylene Terephthalate/Biaxially Oriented Polyethylene Terephthalate):
- PET/BOPET films are known for their clarity, high tensile strength, and excellent dimensional stability. They are commonly used in industrial applications, including food packaging, labels, and electronics. PET/BOPET films are valued for their optical properties and suitability for high-quality printing.
- PP/BOPP (Polypropylene/Biaxially Oriented Polypropylene): PP/BOPP films are known for their stiffness, clarity, and moisture resistance. They are commonly used in industrial applications, including packaging, labels, and tapes. PP/BOPP films offer excellent printability and are often used for branding and packaging.
- CPP (Cast Polypropylene): CPP films are known for their transparency, heat resistance, and sealability. They are commonly used in industrial packaging applications such as food packaging and laminations. CPP films provide excellent heat-sealing properties and are suitable for various packaging needs.
- PVC (Polyvinyl Chloride): PVC films are known for their versatility, durability, and chemical resistance. They are commonly used in industrial applications such as electrical insulation, construction materials, and signage. PVC films are valued for their adaptability to various industrial needs.
- PA/BOPA (Polyamide/Biaxially Oriented Polyamide): PA/BOPA films are known for their exceptional strength, barrier properties, and puncture resistance. They are commonly used in industrial applications, including food packaging, medical packaging, and laminations. PA/BOPA films are suitable for applications that require strong barriers against moisture and oxygen.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are 3M Company, Berry Global Inc., Dupont Teijin Films, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Industrial Films Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Industrial Films Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Industrial Films Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.
Report Highlights
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
8 Americas' Industrial Films Market
14 Appendix
Companies Mentioned
- 3M Company
- Berry Global Inc.
- Dupont Teijin Films
- Eastman Chemical Co.
- Kolon Industries, Inc.
- Mitsubishi Chemical Group Corp.
- Polyplex
- RKW SE
- Rogers Corp
- Saint-Gobain
- Sigma Plastics Group
- Solvay
- The Chemours Co.
- Toray Industries, Inc.
- Toyobo
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 215 |
Published | February 2024 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 44.8 Billion |
Forecasted Market Value ( USD | $ 56.12 Billion |
Compound Annual Growth Rate | 4.6% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |