IMARC Group’s latest research report, titled “Specialty Films Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global specialty films market reached a value of US$ 36.89 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 52.5 Billion by 2027, exhibiting a CAGR of 5.80% during 2022-2027.
Specialty films are extensible, flexible, high-performance polymers with various packaging applications. They facilitate the long-term storage of packaged goods by providing advantages such as toughness, heat resistance, and moisture resistance. They are widely available in various types, including conductive, stretch, barrier, and shrink. And, They offer high tensile strength, superior adhesion, better flex durability, and heat-celling at affordable prices. As a result, specialty films find extensive insulation and conduction applications and prevent external contamination in the product.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by resin, function and end use industry and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Specialty Films Market
- Strategies of major players and product offerings
The global specialty films market is primarily driven by the increasing product demand across various industries, such as packaging, personal care, electronics, transportation, pharmaceutical, and construction. Moreover, the rising usage of biaxially oriented polypropylene (BOPP) as a primary raw material in manufacturing flexible packaging films is another major growth-inducing factor. Additionally, governments of numerous countries are promoting biodegradable packaging solutions due to rising environmental concerns. In line with this, the escalating demand for biodegradable packages that reduce petroleum usage, waste production, and greenhouse gas (GHG) emissions is positively influencing the market growth.
Besides this, the surging product adoption in the food and beverages (F&B) sector for ensuring longer shelf life and maintaining a nutritional profile by protecting fast-moving consumer goods (FMCG) from heat, ultraviolet (UV) radiation, moisture, and contamination has catalyzed the market growth. Furthermore, the increasing consumption of processed foods due to rising living standards has augmented product demand. Other factors, including the ongoing research and development (R&D) activities, the launch of technologically advanced specialty film materials, and rapid urbanization, are also anticipated to create a favorable market outlook.
Key Players Included in Global Research Report:
- 3M Company
- Avery Dennison Corporation
- Covestro AG
- DuPont de Nemours Inc.
- Evonik Industries AG
- Honeywell International Inc.
- Inteplast Group Corporation
- Kaneka Corporation
- Mondi plc
- Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- Toray Industries Inc.
- Ube Industries Ltd.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Segmentation:
Breakup by Resin:
- Polyester
- Nylon
- Polyacrylamide
- Fluoropolymer
- Polyimide
- Polyolefin
- Others
Breakup by Function:
- Barrier
- Conduction and Insulation
- Microporous
- Safety and Security
- Others
The Breakup by End Use Industry:
- Packaging
- Personal Care
- Electrical and Electronics
- Transportation
- Construction
- Medical
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Specialty Films Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Specialty Films Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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