The latest research study “Specialty Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global specialty films market size reached US$ 39.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Specialty films are high-performance polymers (HPP) that are flexible, extensible, and made using various resins, such as ethylene vinyl alcohol (EVOH), polyvinylidene chloride, polyesters, nylons, and fluoropolymers. They are used for conduction, insulation, and protection of items from external contamination as they offer better flex crack resistance, heat-celling, superior adhesion, and high variants.
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Specialty Films Market Trends:
The global specialty films market is primarily driven by the surging adoption of specialty films across various industries, such as construction, packaging, electronics, personal care, and transportation, due to the rising demand for heat-resistant packaging solutions. Moreover, the increasing use of biaxially orientated polypropylene (BOPP) as a raw material to manufacture flexible packaging films is positively influencing the market growth. Additionally, governments of numerous countries are taking favorable initiatives to promote the use of biodegradable packaging solutions due to rising environmental concerns. Besides this, biodegradable packaging helps reduce petroleum consumption, greenhouse gas (GHG) emissions, and waste generation, which is propelling the market growth.
Furthermore, the rising product applications in the food and beverages (F&B) industry for storing and protecting various fast-moving consumer goods (FMCG) from heat, moisture, contamination, and ultraviolet (UV) radiations, while extending shelf life and preserving the nutritional profile has catalyzed the market growth. Other factors, including rising investments in research and development (R&D) activities, strategic collaborations among key players, and increasing consumer awareness about healthier lifestyles, are also anticipated to drive the market further.
Specialty Films Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- 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.
Key Market Segmentation:
The report has segmented the market on the basis of region, resin, function and end use industry.
Breakup by Resin:
- Polyester
- Nylon
- Polyacrylamide
- Fluoropolymer
- Polyimide
- Polyolefin
- Others
Breakup by Function:
- Barrier
- Conduction and Insulation
- Microporous
- Safety and Security
- Others
Breakup by End Use Industry:
- Packaging
- Personal Care
- Electrical and Electronics
- Transportation
- Construction
- Medical
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
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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