Global Technical Films Market, By Film Type (Stretch Film, Shrink Film, Barrier Film, Conductive Film, Safety and Security Film, Anti-Fog Film, Other Technical Films), Product Type (Degradable Film, Non-Degradable Film), End-Use Industry (Food and Beverage, Cosmetic and Personal Care, Chemical, Agriculture, Building and Construction, Pharmaceutical, Electrical and Electronic, Automobile), Material Type (Polyethylene (PE), Polyethylene Terephthalate (PET), Polyamide (PA), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene Vinyl Alcohol (EVOH), Polyurethane (PU), Aluminum, Polycarbonate (PC), Others), Thickness Type (Up to 25 Microns, 25-50 Microns, 50-100 Microns, 100-150 Microns) – Industry Trends and Forecast to 2029.
Technical films Market Analysis and Size
Technical films have been extensively use for packaging formats for both not industrial and industrial packaging applications. Packaging design and advancement level innovation in technical films over the last years, has increased its sales significantly among the consumers and brand owners. Technical films are applied in industries with specialized necessities, for instance, films with improved conductivity for use in explosive and powdery atmospheres, protective films for further processing which may include coating, lamination, and for other purposes.
Data Bridge Market Research analyses that the technical films market is expected to undergo a CAGR of 5.25% during the forecast period. This indicates that the market value, which was USD 34.77 billion in 2021, would rocket up to USD 52.36 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Technical films Market Scope and 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 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Film Type (Stretch Film, Shrink Film, Barrier Film, Conductive Film, Safety and Security Film, Anti-Fog Film, Other Technical Films), Product Type (Degradable Film, Non-Degradable Film), End-Use Industry (Food and Beverage, Cosmetic and Personal Care, Chemical, Agriculture, Building and Construction, Pharmaceutical, Electrical and Electronic, Automobile), Material Type (Polyethylene (PE), Polyethylene Terephthalate (PET), Polyamide (PA), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene Vinyl Alcohol (EVOH), Polyurethane (PU), Aluminum, Polycarbonate (PC), Others), Thickness Type (Up to 25 Microns, 25-50 Microns, 50-100 Microns, 100-150 Microns)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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SABIC (Saudi Arabia), Borealis AG (Austria), Mondi (U.K.), Jindal Poly Films (U.S.), Amcor plc (Switzerland), Huhtamaki (Finland), Sealed Air (U.S.), Toppan Inc., (Japan), Kureha Corporation (Japan), HPM Global, Inc. (South Korea), Flair Flexible Packaging Corporation (U.S.), Constantia Flexibles (Austria), MULTIVAC (Germany), DuPont (U.S.), Wihuri Group (Finland), BERNHARDT Packaging & Process (France), Uflex Limited (India)
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Market Opportunities
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Market Definition
Technical films are packaging films made of different types of plastics material and provide barrier and sealing properties. Technical films are made up of polyethylene and other plastics, regardless of their complexity. The requirement of technical film vary in terms of impermeability, turbidity, colour, transparency, coefficient of friction i.e. slipperiness, different shrinkage temperatures, amount of conductivity, intensity, minimum gels in a film and others.
Technical films Market Dynamics
Drivers
- Rise the Demand For Longer Shelf Life for Products
Technical films decrease the need for preservatives and enhance the product life. The demand is pushing the demand for technical films for convenient food packaging. Technical films also offer a printing substrate, improving the aesthetic appeal of products. Food and beverage sector is shifting toward lightweight, transportable packaging and away from traditional packaging formats. The technical films aid to meet this demand because they are lighter than other packaging and remove the use of cans and glass, which add the weight to the packaging.
- Increased demand for Pharmaceutical Packaging
The pharmaceutical sector has huge requirements for packaging solutions in terms of cost-effectiveness, insulation from the outside environment, high levels of protection and ease of handling. Therefore, blister base high packaging films are extensively used because this packaging prevent gas exchange through the packaging and control the temperature within the package which are expected to drive the growth rate of the technical films market.
Furthermore, increasing demand for sustainable sources in delivery, augmented disposable income, and other food services, increased development of new government policies supporting packaging solutions are expected to increase the demand for technical films in the market.
Opportunities
- Production of Biodegradable Technical Films
The government initiatives of manufacturing renewable and biodegradable cellulose-based technical films to reduce the environmental impact which create the profitable opportunities to the market players during forecast period of 2022 to 2029. The major market players address these environmental issues and decrease the amount of polymer used without compromising the product performance.
- Increasing Investments in Packaging
Moreover, the rising investments in packaging industry for many research and development activities will further offer various growth opportunities for the growth of the technical films market.
Restraints/Challenges
However, increasing the cost of raw material and rising consumer awareness regrading healthier lifestyles are acting as major constraints to the growth of the technical films market in the forecast period, whereas recyclability and biodegradability are acting as major challenges for the growth of the technical films market.
This technical 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 technical 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Technical Films Market
To widespread coronavirus, the flexible packaging manufacturers are developing packaging solutions that can keep up with the delivery of daily useful products. Technical film sales for product packaging are anticipated to increase in order to ensure safe and non-contaminated product delivery to B2B and other consumers. During the outbreak of COVID-19, there were some challenges for the sales of technical films. The lack of logistical and transportation services hindered the delivery of raw materials for the production of technical films. The government stringent regulations have restrain the productivity of technical films. Technical film production and sales began picking up because of effective planning by higher authorities and manufacturers.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In October 2021, Mondi Group Plc introduced the RetortPouch, made up of high barrier technical film. This new mono-material solution is perfect for food packaging applications.
- In March 2020, Berry Global Group, Inc., another leading manufacturer of technical stretch films, invested US$ 30 million to upsurge the production capacity for ultra-high performance stretch films in North American locations.
Global Technical Films Market Scope
The technical films market is segmented on the basis of film type, end-use industry, material type and thickness type. 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.
Film Type
- Stretch Film
- Shrink Film
- Barrier Film
- Conductive Film
- Safety and Security Film
- Anti-Fog Film
- Other Technical Films
Product Type
- Degradable Film
- Non-Degradable Film
End-Use Industry
- Food and Beverage
- Cosmetic and Personal Care
- Chemical, Agriculture
- Building and Construction
- Pharmaceutical
- Electrical and Electronic
- Automobile
Material Type
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polyamide (PA)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Polyurethane (PU)
- Aluminum, Polycarbonate (PC)
- Others
Thickness Type
- Up to 25 Microns
- 25-50 Microns
- 50-100 Microns
- 100-150 Microns
Technical Films Market Regional Analysis/Insights
The technical films market is analysed and market size insights and trends are provided by country, film type, end-use industry, material type and thickness type as referenced above.
The countries covered in the technical films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the technical films market due to the due to rising retail sales and increased use of technical films in the region's industries
Asia-Pacific will continue to project the highest compound annual growth rate for this period due to China's large market share in the technical films market as a result of rapid urbanisation.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 Technical Films Market Share Analysis
The technical 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 technical films market.
Some of the major players operating in the technical films market are:
- SABIC (Saudi Arabia)
- Borealis AG (Austria)
- Mondi (U.K.)
- Jindal Poly Films (U.S.)
- Amcor plc (Switzerland)
- Huhtamaki (Finland)
- Sealed Air (U.S.)
- Toppan Inc., (Japan)
- Kureha Corporation (Japan)
- HPM Global, Inc. (South Korea)
- Flair Flexible Packaging Corporation (U.S.)
- Constantia Flexibles (Austria)
- MULTIVAC (Germany)
- DuPont (U.S.)
- Wihuri Group (Finland)
- BERNHARDT Packaging & Process (France)
- Uflex Limited (India)
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