The market for specialty films is highly driven by its characteristics such as high tensile strength, biodegradability, safety and protection, protective shield and barrier protection. Furthermore the growing importance of bio based polymers is stimulating the demand for such films. The specialty films are print friendly which helps to increase the brand value of products sealed off in them. Vendors are developing environmental-friendly specialty films because of implementation of stern environmental regulations and increasing awareness of sustainable development.
The market for such films is highly application based. Growth of flexible packaging industry owing to its rising demand in construction due to increased aesthetic values and food & beverages is likely to have a positive impact on the market growth over the next five years. It is also extensively used in electronic and transportation industry. The market size for global specialty films was valued at around USD 30 billion in 2015 and is expected to grow at a CAGR of approximately 5% by the end of the forecasted period.
Major Key Players
- Amcor ltd.,
- Covestro Inc.,
- Dow Chemical Inc.,
- DuPont USA,
- Honeywell International Inc.,
- Sealed Air Inc.,
- 3M Company,
- Eastman Chemical Inc.,
- Jindal Poly Films Inc.,
- Evonik Industries Inc.
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- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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Scope of the report
This study provides an overview of the global specialty films industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global specialty films market as material, and application. On the basis of material it is segmented as polyesters, nylons, polyolefin and others. On the basis of application it is segmented as electronics, construction, food & beverages, personal care and others.
Taste the market data and market information presented through more than 100 market data tables and figures spread over 115 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Specialty Films Market Research Report – Forecast to 2022”.
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Market Research Analysis:
Chemical resistance and excellent mechanical strength offered by these films will open new avenues for the product market in food and automotive applications. Investment in R&D in area of recyclable plastic materials and development of bio-degradable is anticipated to open new avenues for the market growth by 2022. The industry will be experiencing high industry competition due to the presence of several manufacturers in the industry. Various Initiatives which are taken by manufacturers to improve films strength, durability, and quality to meet the consumer demand along with stringent specifications is expected to drive demand.
Specialty films used in food processing and pharmaceutical blister packaging industry is likely to fuel the demand over the estimated period. Significant growth will be witnessed by Polyamide and nylon based films owing to the excellent flexibility and thermal stability offered by these materials. Growing demand for bio-degradable plastic materials is likely to be a key driver for the product growth over the forecast period. Rising consumer awareness for food hygiene and safety will also boost demand of specialty films.
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