The German market for adhesive films is poised for substantial growth, with an anticipated potential value of US$ 552.4 million during the projection period. This growth is closely tied to the flourishing food & beverage industry in Germany, which ranks as the nation’s fourth-largest sector, as reported by Germany Trade and Invest (GTAI). Germany’s position as the third-largest global exporter and importer of agricultural products and food items further bolsters this trend. As the food sector continues to thrive, there is a clear correlation with the increasing demand for adhesive films in packaging and labeling applications, making it a promising market for manufacturers and investors alike.
As per a recently published report by Future Market Insights, sales of the adhesive films market are projected to reach US$ 29.8 billion by 2033 from US$ 19.1 billion in 2023. The market is estimated to witness a CAGR of 4.6% between 2023 and 2033.
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Increased acceptability of innovative packaging items is a sign of the product’s freshness and intact quality. Consumers are less likely to purchase a product if the packaging is unappealing. There has been an incredible increase in terms of demand for graphic packaging and flexographic printing.
Graphic packaging and flexographic printed materials are also aesthetically appealing, as compared to other rigid packaging products. They are considered to be an ideal solution for the consumer products sector, where packaging serves as a means of product distinction and remains the focal point of producers’ attention. This is supporting adhesive films demand in the next ten years.
Key Takeaways:
- The bi-axially oriented polypropylene (BOPP) films segment by material is estimated to hold around 41% of the adhesive films industry share.
- By application, the tapes segment is estimated to offer a growth opportunity of US$ 2.9 Bn from 2023 to 2033.
- Based on adhesive type, the silicone segment is expected to account for around 57.0% of the global adhesive films market share by 2023.
- Based on application, graphic films are projected to witness burgeoning growth at 6.0% CAGR between 2022 and 2033.
- Above 200 Um thickness type is expected to surge at a CAGR 6.1% from 2022 to 2033.
“Adhesive films are user and environmentally friendly, and this factor is expected to generate a high demand for the product. Usage of adhesive films in the food industry is also projected to be fuelled by surging demand for frozen and ready-to-eat food,” says a lead analyst at Future Market Insights.
Aerospace Industry to be a Significant Consumer of Adhesive Films by 2033
Aerospace industry significantly relies on the use of adhesive films on a big scale in order to create airplanes that are visually appealing and practical. Military aircrafts and fleets are susceptible to increased frequency of maintenance and repair.
Exterior, interior, and engine compartments, as well as their overhead bins and useful seat trays, in aircraft all contain adhesive films. The market for adhesive films is likely see an increasing sales as a result.
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Demand for Sustainable & Recyclable Solutions to Enhance Adhesive Films Sales
Governments across the globe are developing legislation to require firms to use eco-friendly production techniques and to supply environmentally friendly products. For instance, the European Commission’s eco-design regulation attempts to decrease the environmental effect of products, including life-cycle and energy consumption, by providing manufacturers with design guidelines for eco-friendly and energy-related items, which is expected to aid adhesive films sales.
As environmental restrictions are governing the disposal of plastic trash, it has raised awareness and resulted in the production of biodegradable packaging items. Adhesive film producers are inventing and manufacturing environmentally friendly products. In the long run, this factor is anticipated to transform the market for these films.
Competition Landscape:
Few of the manufacturers involved in production of adhesive films are 3M Company, Avery Dennison Corporation, Klöckner Pentaplast, Irplast S.P.A, Cosmo Films, Ecoplast Ltd., Nitto Denko Corp, Adhesive Films, Inc., Grafix Plastics, Shenzhen Sun Tone New Material Co., Ltd., Hexis S.A.S, Presto Tape, Unite Glass, American Polyfilm, Inc., Donlee New Materials Technology Inc., Schweitzer-Mauduit International, Inc. (Mativ Holdings), Zhejiang Deyang Adhesive Products Co., Ltd., Merck KGaA, Porvair Science Ltd. (Porvair plc), Corning, Inc., Brand GmbH & Co KG, Eppendorf AG, Excel Scientific, Inc., Bio-Rad Laboratories, Inc., Toyochem Co., Ltd., Toray Industries, Inc., LINTEC Corp. and ORAFOL Europe GmbH among others.
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Outlook by Category
By Adhesive Type:
- Acrylic
- Rubber
- Water Based
- Oil Based
- Silicone
By Material:
- Bi-axially Oriented Polypropylene (BOPP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Others (PET, EVOH)
By Thickness:
- Up to 50 Um
- 51 to 100 Um
- 101 to 200 Um
- Above 200 Um
By Application:
- Labels
- Tapes
- Envelops
- Bags & Pouches
- Graphic Films
By End Use:
- Electrical & Electronics
- Building & Construction
- Aerospace
- Automotive
- Packaging
- Transportation
- Others (Signage, Medical)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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