Rising Demand for Speciality Films in Food and Beverage Industry Driving the Market Growth
The global market for speciality films is being driven by the growing demand for packaging solutions across industry verticals, owing to their importance in keeping the packed content intact. Speciality films are used for wide applications in the food and beverage industry owing to their durability, strength, and resistivity to water. This is a major factor influencing the growth of the market positively.The growing trends surrounding the growing demand for packed food products, the rising concerns regarding food security, and the increasing demand for healthy food products, are some of the factors propelling the growth of the market. Apart from this, the spur in the beverage industry owing to the surging demand for energy drinks, alcoholic drinks, dairy drinks, and soft drinks, among others, is stimulating the demand for speciality films for packaging and barrier in the food and beverage industry, thereby proving impetus to the market.
Speciality Films: Market Segmentation
Speciality films are protective coverings made from resins like polyester, nylon, fluoropolymer, and polyimide, among others, that have tensile strength, resistance to moisture and heat, and durability. Speciality films find robust applications in the packaging industry in various end-use industries.Market Breakup by Resin
- Polyester
- Nylon
- Polyacrylamide
- Fluoropolymer
- Polyimide
- Polyolefin
- Others
Market Breakup by Function
- Barrier
- Conduction and Insulation
- Microporous
- Safety and Security
- Others
Market Breakup by End-User Industry
- Packaging
- Personal Care
- Electrical and Electronics
- Transportation
- Construction
- Medical
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Advancements in Speciality Films Based on Bio-Based Polymers to Aid the Growth of the Market
The growth in the global market for speciality films can be associated with the robust use of speciality films for packaging in various industries, such as food and beverage, personal care, pharmaceutical, and electronics, among others. The growing demand for high-value, technologically advanced materials with enhanced barrier properties, controlled permeability, and resistivity to outside temperature have been driving the growth of the market. Looking forward, the development of technologically advanced materials, based on bio-based polymers are anticipated to boost the growth of the market in the coming years.Key Industry Players in the Global Speciality Films Market
The report presents a detailed analysis of the following key players in the global speciality films market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:- 3M Company
- Avery Dennison Corporation
- Covestro AG
- Inteplast Group
- SABIC
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Speciality Films market report include:- 3M Company
- Avery Dennison Corporation
- Covestro AG
- Inteplast Group
- SABIC