Industrial Films Market

Market Overview:

The global industrial films market size reached US$ 41.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.

An industrial film refers to a particular type of plastic that provides chemical resistance and adaptability to harsh environments. In general, industrial films are manufactured from the extrusion of polymer materials, such as polyethylene, polypropylene, polyethylene terephthalate, and polyamide. These films are also utilized for enhancing crop quality and productivity by minimizing soil erosion, increasing soil temperature, providing nutrients and protection from UV rays, rain, and wind, as well as suppressing weed growth. Waterproofing, clarity, and durability are some of the major characteristics of industrial films. As a result, they find extensive applications in the automotive, transportation, construction, agriculture, medical, electrical, and electronics sectors.

Industrial Films Market Trends:

The market is majorly driven by the escalating product demand in the agriculture industry. This can be attributed to the higher cost-efficiency of this technology over conventional farming techniques. Additionally, continual product innovations, such as the advent of near-infrared radiation (NIR)-blocking films, UV-blocking films, and fluorescent films, are resulting in a higher product uptake. The decreasing volumes of arable lands across the globe, along with rapid urbanization leading to the increasing adoption of high productivity farming practices, are propelling the market. Apart from this, the rising demand for food due to the increasing population is driving the demand for agricultural films on the global level. The market is further driven by the rapid utilization of industrial films in the formulation of cover films for electronic gadgets. Some of the other factors contributing to the market growth include inflating disposable income levels of the masses, extensive research and development (R&D) activities conducted by key players, increasing investments in the development of flexible and transparent bi-axial films, and considerable rise in the sales of smart devices.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial films market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end use industry.

 Breakup by Type:

• Linear Low-Density Polyethylene (LLDPE) and Low-Density Polyethylene (LDPE)
• High-Density Polyethylene (HDPE)
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyamide
• Others
   

Breakup by End Use Industry:

• Agriculture
• Industrial Packaging
• Building and Construction
• Healthcare
• Transportation
• Others
   

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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Berry Global Inc., Bogucki Folie, Compagnie de Saint-Gobain S.A., Cosmo Films Limited, Dupont Teijin Films US, Inteplast Group Corporation, Jindal Poly Films, Mitsui Chemicals Tohcello Inc. (Mitsui Chemicals Inc.), Polyplex Corporation Limited, SKC Co. Ltd., Toray Industries Inc., Toyobo Co. Ltd. and Unitika Ltd.

Report Coverage: