Sales of speciality films are anticipated to expand at a CAGR of 4.9% from 2022 to 2026 as a result of an increase in the use of barrier films in food and pharmaceutical packaging as well as an increase in demand for conduction and insulation films.
By the end of 2026, the specialised films market is expected to increase from US$ 23.1 billion in 2022 to US$ 28 billion. Nowadays, 16% of the market for packaging films is made up of sales of specialty films.
With a wide range of uses in industries like packaging, construction, automotive, and healthcare, among others, specialty films are a constantly expanding market. These films stand out due to their distinctive qualities, which include high strength, transparency, conductivity, and durability. As a result, they are perfect for use in a wide range of applications.
New and inventive specialised films have been created as a result of the rising need for lightweight, high-performance materials and the developing environmental sustainability concerns. These films are created using a variety of polymers, including polyethylene, polypropylene, and polyvinyl chloride, and are produced using a number of methods, including casting, extrusion, and lamination.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5938
The growing demand for packaging materials that can protect and preserve the quality of food and other perishable commodities is one of the main factors driving the specialty films market. Specialty films are used in the packaging of a variety of items, including fruits, vegetables, meats, and dairy products. Examples of these films include barrier films and modified atmosphere packaging films.
Specialty films are also widely employed in the building sector, where they serve as insulation, vapour barriers, and roofing membranes. These films are excellent for use in outdoor applications since they are extremely strong and resistant to water, UV radiation, and harsh temperatures.
The automotive industry is also a major user of specialty films, which are used in the manufacturing of automotive interiors and exteriors, as well as in the production of automotive parts, such as dashboards and door panels. Specialty films are also used in the production of solar panels, where they are used as encapsulants to protect the photovoltaic cells from the elements.
Specialty films are utilised in the healthcare sector to create medical devices and drug delivery systems. These films are perfect for use in medical applications since they are highly sterilizable and resistant to chemical and biological pollutants.
In conclusion, the market for speciality films is anticipated to maintain its rapid rise during the ensuing years, propelled by the rising demand for high-performance materials and the rising environmental sustainability concerns. Specialty films are a desirable alternative for a variety of industries due to their diverse applications and distinctive qualities, and it is anticipated that their use will increase in the coming years.
Request Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-5938
Competitive Landscape
The strictness of industry regulatory authorities towards the usage of polymerized, non-degradable materials is a major barrier in the manufacturing of specialised films. Environmental issues have grown as the number of specialty films abandoned openly has increased. Furthermore, the single-use nature of these films limits the extent of specialised film recycling and reuse.
Bemis Company, Koninklijke DSM N.V., The Mondi Group, Borealis AG, Amcor Ltd., Sealed Air Inc., Selenis Portugal S.A., Saudi Arabia Basic Industries Corporation (SABIC), Bischof + Klein SE & Co., and 3M Company are among the leading specialty film companies.
Majority of businesses are expected to increase the production of specialty films with improved chemical resistance. With the growing presence of food and beverage industries in APAC, several prominent players in the global specialty films market are projected to expand their manufacturing capacities by establishing manufacturing plants in China, South Korea, and India.
- Bemis Company
- Koninklijke DSM N.V.
- The Mondi Group
- Borealis AG, Amcor Ltd.
- Sealed Air Inc.
- Selenis Portugal S.A.
Key Segments Of Specialty Films Industry Survey
Specialty Films Market by Product:
- Stretch Films
- Shrink Films
- Barrier Films
- Conductive Films
- Safety & Security Films
- Anti-fog Films
- Other Films
Specialty Films Market by Material:
- Polyethylene (PE) Specialty Films
- Polyethylene terephthalate (PET) Specialty Films
- Polyamide (PA) Specialty Films
- Polypropylene (PP) Specialty Films
- Polyvinyl Chloride (PVC) Specialty Films
- Polyurethane (PU) Specialty Films
- Aluminium Specialty Films
- Others (Evoh, Polycarbonate, etc.)
Specialty Films Market by End Use:
- Food & Beverages
- Cosmetics & Personal Care
- Chemicals
- Agriculture
- Building & Construction
- Pharmaceuticals
- Electrical & Electronics
- Automobiles
- Others
Specialty Films Market by Region:
- North America Specialty Films Market
- Latin America Specialty Films Market
- Europe Specialty Films Market
- East Asia Specialty Films Market
- South Asia & Pacific Specialty Films Market
- Middle East & Africa (MEA) Specialty Films Market
Buy Now/Purchase @ https://www.futuremarketinsights.com/checkout/5938
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Market Research & Business Intelligence | Future Market Insights
Explore Future Market Insights’ 15,000+ market research reports and business intelligence. Research and consulting partner to 80% of Fortune 1,000 companies.
Contact Us:
Future Market Insights Inc.
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse all Reports: https://www.futuremarketinsights.com/reports
