How Has The Industrial Films Market Size Evolved Historically?
The industrial films market has seen considerable growth due to a variety of factors.
• The market size of industrial films has seen impressive growth in the past years. The projected increase is from $44.85 billion in 2024 to $47.55 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. The historical growth is due to factors such as cost-effectiveness, transition from rigid to flexible packaging, rising demand for barrier films, usage in the textile industry, and the healthcare and medical sectors.
What Is The Projected Growth Of The Industrial Films Market Size In The Coming Years?
The Industrial Films market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the industrial films market is predicted to experience robust expansion. The market is anticipated to reach $61.6 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.7%.
The projected growth for this period can be attributed to factors such as continued industrialization, the rise of sustainable packaging, growth in the construction sector, expansion of agricultural applications, and fast-paced developments in electronics. The forecast period is also expected to see trends like functional coatings, optical films, heat-shrink films, UV-resistant films, and multi-layered films.
What Are The Key Drivers Fueling Growth In The Industrial Films Market?
The surge in construction undertakings and developments in emerging countries is predicted to drive the expansion of the industrial film market in the future. Construction undertakings include businesses involved in the detailed planning, development, and assembly of buildings using various construction materials. Industrial films play a paramount role in generating unique illumination and visual effects in the construction of buildings and commercial offices. As an illustration, Upmetrics, an American AI-powered business planning software provider, published an article in October 2023, asserting that the American construction industry is worth $1.8 trillion. Simultaneously, the worldwide construction industry holds a value of $8.9 trillion in 2023, and it's anticipated that the worldwide residential construction market will increase to $8.3 trillion by 2032, marking a 4.8% annual growth rate. As a result, the uptick in construction endeavors and projects is propelling the market for industrial films.
What Are The Principal Market Segments In The Global Industrial Films Industry?
The industrial films market covered in this report is segmented –
1) By Type: Linear Low Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyamide, Other Types
2) By Application: Coated Non-Woven Products, Dry Film Adhesives, Electronic and Battery, Barrier and Breathable, Puncture Resistant Coatings And Films
3) By End-Use Industry: Agriculture, Industrial Packaging, Construction, Medical, Transportation, Other End-Use Industries
Subsegments:
1) By Linear Low-Density Polyethylene (LLDPE): Films For Packaging Applications, Agricultural Films
2) By Low-Density Polyethylene (LDPE): General-Purpose Films, Stretch Films
3) By High-Density Polyethylene (HDPE): Rigid Films For Containers, Shrink Films
4) By Polyethylene Terephthalate (PET): Stretch PET Films, Thermal Shrink Films
5) By Polypropylene (PP): BOPP (Biaxially Oriented Polypropylene) Films, CPP (Cast Polypropylene) Films
6) By Polyvinyl Chloride (PVC): Flexible Films, Rigid Films
7) By Polyamide: Nylon Films, Barrier Films
8) By Other Types: Ethylene Vinyl Alcohol (EVOH) Films, Biodegradable Films
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Which Emerging Market Trends Are Altering The Industrial Films Industry?
Top organizations in the industrial film sector are concentrating on creating innovative products such as ultra-low-density film to improve packaging efficiency, cut material expenses, and fulfill sustainability objectives. Ultra-low-density film is a lightweight packing material that provides strength and resilience while minimizing material use and delivery expenses, thus supporting sustainability. For example, in July 2024, Innovia Films, a British packaging, and labeling company, introduced a low-density film named VL40 specifically tailored for ice cream flow wrapping. This novel film possesses unique attributes such as improved pliability and tear resistance, essential for preserving product quality during freezing and transportation. These properties are paired with exceptional barrier capabilities, promising protection against dampness and taste loss. The film is also fine-tuned for high-speed packing devices, offering an effective and green solution for both business and consumer applications.
Who Are the Key Players In The Industrial Films Market?
Major companies operating in the industrial films market include:
• Mitsui Chemicals Inc.
• Toyobo Co. Ltd.
• Eastman Chemical Company
• Compagnie de Saint-Gobain SA
• DuPont de Nemours Inc.
• Berry Global Inc.
• SKC Co. Ltd.
• Toray Industries Inc.
• Mitsubishi Chemical Holdings Corporation
• Solvay SA
• FUJIFILM Holdings Corporation
• Sigma Plastics Group
• Muraplast d.o.o.
• Unitika Ltd.
• Jindal Films Europe Virton Sprl
• Transcendia Inc.
• Mondi PLC
• Hi-Fi Industrial Film Ltd.
• Bogucki Folie Sp zoo
• Inteplast Group Corporation
• 3M Company
• Avery Dennison Corporation
• Covestro AG
• Filmquest Group Inc.
• Uflex Ltd.
• Hyplast NV
• Kuraray Co. Ltd.
• Novamont SpA
• Plastipak Holdings Inc.
• Polifilm Group
• Renolit Group
• RKW Group
• Saudi Basic Industries Corporation
• Sealed Air Corporation
• SRF Limited
• Technipaq Inc.
• Tredegar Corporation
What Are The Regional Insights Into The Industrial Films Market?
Asia-Pacific was the largest region in the industrial films market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
