Market Overview:
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 growth rate (CAGR) of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Specialty films refer to flexible, extensible, high-performance polymers (HPP) that comprise various types of resins, including polyesters, ethylene vinyl alcohol (EVOH), polyvinylidene chloride, nylons, and fluoropolymers. They offer better flex crack resistance, heat-celling, superior adhesion, and high tensile strength at cost-effective prices, due to which they are deployed for conduction and insulation purposes and protecting the products against external contamination. At present, the specialty films are commercially available in varying types, such as stretch, shrink, conductive, and barrier.
www.imarcgroup.com
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Specialty Films Market Trends:
The widespread adoption of specialty films across various industrial verticals, such as packaging, personal care, electronics, transportation, pharmaceutical, and construction, on account of the increasing demand for heat-resistant packaging solutions, is one of the key factors primarily driving the market growth. Specialty packages are further utilized in the food and beverages (F&B) sector for storing and protecting various fast-moving consumer goods (FMCG) from moisture, contamination, heat, and ultraviolet (UV) radiations, while ensuring longer shelf life and maintaining the nutritional profile. Moreover, the extensive utilization of biaxially oriented polypropylene (BOPP) as a raw material for manufacturing flexible packaging films is also contributing to the market. Additionally, the rising environmental concerns amongst the consumers have prompted the government bodies of various countries to promote the usage of biodegradable packaging solutions. Biodegradable packages aid in minimizing greenhouse gas (GHG) emissions, petroleum consumption, and the amount of waste being produced, which, in turn, is supporting the market growth. Apart from this, strategic collaborations amongst key players and the escalating investments in the research and development (R&D) activities to engineer technologically advanced specialty film materials are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global specialty films market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on resin, function and end use industry.
Breakup by Resin:
- Polyester
- Nylon
- Polyacrylamide
- Fluoropolymer
- Polyimide
- Polyolefin
- Others
Breakup by Function:
www.imarcgroup.com
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- 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:
To get more information on the regional analysis of this market, Request Sample
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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 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. and Ube Industries Ltd.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Billion |
Segment Coverage |
Resin, Function, End Use Industry, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies 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. and Ube Industries Ltd. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |