Global Matte Films Market, By Material (Tempered glass, Polyethylene Terephthalate (PET), Thermoplastic polyurethane (TPU), Biaxially Oriented Polypropylene (BOPP), Polyethylene (PE)), End User (Food and Beverage, Cosmetic, Home and personal care, Pharmaceuticals, Electronic Industries, Automobile Industries, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Plastic matte films are increasingly being used in packaging, and concerns have arisen about their ability to facilitate the diffusion of vapours and gases, which can impair the consistency of innovative coatings and barrier films addressing the health of packaging goods. The beneficial packaging materials such as matte films now play a vital role in digital packaging to increase the product's shelf-life and provide a clear indicator of product quality and status.
Data Bridge Market Research analyses that the matte films market was valued at USD 850.00 million in 2021 and is expected to reach USD 1482.44 million by 2029, registering a CAGR of 7.20% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Tempered glass, Polyethylene Terephthalate (PET), Thermoplastic polyurethane (TPU), Biaxially Oriented Polypropylene (BOPP), Polyethylene (PE)), End User (Food and Beverage, Cosmetic, Home and personal care, Pharmaceuticals, Electronic Industries, Automobile Industries, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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ASIAN REPROGRAPHICS PVT. LTD (India), Spick Global (India), TEKRA, LLC. (U.S.), Tech Armor (U.S.), Belkin International, Inc, (U.S.), iPearl (U.S.), Zagg inc, (U.S.), Kuzy (U.S.), NuShield, Inc. (U.S.), 3M (U.S.), Arlon Graphics, LLC (U.S.), ADS Window Films (U.K), AVERY DENNISON CORPORATION (U.S.), Hexis UK Ltd (U.K.), ORAFOL Europe GmbH (Germany), GARWARE HI-TECH FILMS LIMITED (India), Ritrama S.p.A (Italy), NEXFIL (U.S.)
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Market Opportunities
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Increase in the number of emerging markets
Sustainable and new packaging solutions
Rise in strategic collaborations
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Market Definition
Matte films are especially designed polyester film with a medium gloss, medium haze, and an outstanding grainy and matt coating. Upon metallization, this matte film offers a luxury appearance and aesthetics silver finish that can provide product distinction in a gradually competitive marketplace for any material surface.
Matte Films Market Dynamics
Drivers
- Increase the demand for food packaging
Adoption of matte film for the flexible packaging which enables to protect the food product against vapour and maintain the aroma loss in acidic and alkaline food products is growing in the market. Additionally, this also helps maintain the hygiene characteristics of the food products, which are expected to drive the growth of the matte film market.
- Rising demand in automotive industry
The automotive industry is commonly used matte film to cover the parts of the vehicles that are more prone to injury or abrasion. Matte film is used in specific car parts such as side skirt, steering windshield, bonnet, door cover, rear bumper, front bumper, etc. The Matte film covers the car from bugs, soil, grease, mud, etc. caused by surface stains. In effect, rising demand for hybrid cars and lightweight vehicles will boost the growth of the matte films market.
Opportunities
- Sustainable and new packaging solutions
Dynamic changes in industry, such as introducing new regulatory initiatives that have forced the manufacturers to produce new packaging solutions. Growing concerns about the use of bio-degradable matte film and its impact on the environment have also driven the producers to develop the ecological options which are safe and secure for use. The rising demand for the eco-friendly matte film solutions are expected to create the beneficial opportunities for the market growth rate in upcoming years.
Moreover, rise in number of strategic collaborations and increasing emerging new markets will also boost the profitable opportunities for the market's growth rate.
Restraints/ Challenges
- Environment concern and high cost of raw material
The growing environmental concern overall will decrease the scope of plastic based matte film because of increased plastic pollution around the globe which will obstruct the matte films market growth rate. The high price and supply chain of raw materials will also act as market restraint and further challenge the growth rate of the matte film market. These are the major factors which restrains the market's growth rate.
This matte films market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the matte films market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Matte Films Market
As the spread of covid-19 pandemic is engulfing the globe. Due to this pandemic, many electronic industries and automobile industries have severely affected. Many plants have been temporarily closed due to the collapsing demand and shortage of supply of automobiles in the market. Also, many workers with coronavirus infections have to be either hospitalized or home quarantined. But many automobile industry have ongoing production of emergency services vehicles such as Law enforcing vehicles, Ambulance, Firefighters, Etc. So, automobile industry and automobile as the major driver for matte film market which has adversely effected the market growth of Matte films.
Global Matte Films Market Scope
The matte films market is segmented on the basis of material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Tempered glass
- Polyethylene Terephthalate (PET)
- Thermoplastic polyurethane (TPU)
- Biaxially oriented polypropylene (BOPP)
- Polyethylene (PE)
End User
- Food and Beverage
- Cosmetic, Home and personal care
- Pharmaceuticals
- Electronic Industries
- Automobile Industries
- Others
Matte Films Market Regional Analysis/Insights
The matte films market is analysed and market size insights and trends are provided by country, material and end-user as referenced above.
The countries covered in the matte films market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the matte films market in terms of market share during the forecast period. This is due to the rising demand for matte films in this region. The Asia-Pacific region leads the matte films market, with India and China leading the way in terms of rising competition for smartphones with low cost advanced technologies in this region.
During the estimated period, Europe is projected to be the fastest developing region due to the rising demand in this region's automobile and electronic industries.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Matte Films Market Share Analysis
The matte films market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to matte films market.
Some of the major players operating in the matte films market are:
- ASIAN REPROGRAPHICS PVT. LTD (India)
- Spick Global (India)
- TEKRA, LLC. (U.S.)
- Tech Armor (U.S.)
- Belkin International, Inc, (U.S.)
- iPearl (U.S.)
- Zagg inc, (U.S.)
- Kuzy (U.S.)
- NuShield, Inc. (U.S.)
- 3M (U.S.)
- Arlon Graphics, LLC (U.S.)
- ADS Window Films (U.K)
- AVERY DENNISON CORPORATION (U.S.)
- Hexis UK Ltd (U.K.)
- ORAFOL Europe GmbH (Germany)
- GARWARE HI-TECH FILMS LIMITED (India)
- Ritrama S.p.A (Italy)
- NEXFIL (U.S.)
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