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Industrial films are plastic films made from polymeric material fabrication. With growing population, economic growth, technological advancements and competitive players in the market the construction industry will observe increasing curve in coming years which will favour demand for industrial films in this industry.
The food packaging industry is growing day by day. Plastic films are a popular choice for food packaging purposes. These materials are less susceptible to contamination as well as pilferage along with increasing product shelf life. Huge expansion of food & beverage industry in past years attributing to growing population, rising consumer spending on quality food, growth in packaged food along with presence and exponentially growing restaurants will favour food & beverage production, thus propelling demand for industrial films in this application. Furthermore, evolving transportation industry has surged production of heavy truck and light & commercial vehicles which will further promote product demand.
The report analyses the global industrial films market based on material, application and geography.
Various materials studied are segmented into linear low density polyethylene (LLDPE), low density polyethylene (LDPE), high density polyethylene (HDPE), polyolefin, polyvinyl chloride (PVC), polyethylene terapthlate (PET)/BOPET, polyamide/ BOPA, polypropylene/ BOPP, cast polypropylene (CPP). BOPP Film is a bi-axially oriented polypropylene (BOPP). This material has good clarity, resistance to UV light, excellent chemical and abrasion resistance, and a smooth surface. The clear material has a reasonable scuff resistance and a great acid resistance
Various application considered in this study includes agriculture, industrial packaging, construction, transportation, medical. Growing global population will continue to increase amounts of agriculture products usage as food, feed and industrial feedstock. Agriculture production is expected to grow by 15% over the foreseeable timeframe owing to yield improvements, higher production intensity and technological innovation & implementation in agriculture processes, through inclusion of machinery and equipment for efficient operations will favour demand for industrial films.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific led by China and India will register fastest growth in foreseeable timeframe. Evolving agriculture sector owing to high government funding, adoption of technology will propel market growth. For instance, as per IBEF statistics, in December 2018, the agriculture export policy aims to increase India’s agricultural exports to USD 60 billion by 2022. Likewise, North America will observe significant gains owing to flourishing pharmaceutical industry, where these films are used for animal and human drug packaging. The United States is the worldwide leader in per capita prescription drug spending, representing over 30% to 40% of the worldwide market, thus promoting product demand.
The key competitors of this market Saint Gobain, Berry Global Group, SKC Co.Ltd, Toray, Eastman Chemical Company, RKW SE, 3M, Mitsubishi Chemicals Holding Corporation, DuPont Tejin Films, Solvay, Kolon Industries, The Chemours Compony, Dunmore Corporation, Jindal Poly Films, Sigma Plastic Group, COSMO Films, Trioplast Industries AB.
The report analyses the global industrial films market based on material, application and geography. Various materials studied are segmented into linear low density polyethylene (LLDPE), low density polyethylene (LDPE), high density polyethylene (HDPE), polyolefin, polyvinyl chloride (PVC), polyethylene terapthlate (PET)/BOPET, polyamide/ BOPA, polypropylene/ BOPP, cast polypropylene (CPP). Various application considered in this study includes agriculture, industrial packaging, construction, transportation, medical. The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan, Australia and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
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