As per a report by Future Market Insights, the elastic film market now holds a valuation of US$ 2.5 billion in 2024, which is set to take off and exceed $3,4 billion USD by 2034. From 2024 to2034, this market is expected to grow at a CAGR of 2.9%.
Due to women’s increased awareness of personal cleanliness, sales of elastic films are expected to rise. Modern polymer technologies, renowned for their strength, flexibility, adaptability, and environmental friendliness, are used to create elastic films. They are employed by a number of industries to package and safeguard products while they are being transported and stored.
Governments and non-governmental organizations are pushing for free sanitary pad distribution and feminine hygiene because of the high incidence of female diseases such bacterial vaginosis brought on by using the wrong sanitary solutions during menstruation. Elastic film sales have surged as a result of this.
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In medical and hygienic products, elastic films consisting of ethylene-based elastomers, styrene-block copolymers, propylene-based elastomers, and PET are commonly utilized for adhesive closure solutions such as frontal tapes.
The demand for baby care items, especially the elastic films used in diaper production, has increased due to advancements in reproductive technology and infertility therapies. This has created a positive market environment for manufacturers. The availability of alternative elastic laminates with less of an ecological impact and environmental laws, however, are impeding the expansion of the elastic film industry.
“The elastic film market is advancing due to its use in medical and hygiene products, baby care, and promoting feminine hygiene. However, environmental regulations and the availability of other elastic laminates limit its growth. Advanced polymer technologies, strength, flexibility, and adaptability make elastic films popular for eco-friendly packaging and protection during transit and storage.” says an analyst of Future Market Insights.
Key Takeaways from the Elastic Film Market Report
- The elastic film industry in France to experience a CAGR of 1.9% through 2034.
- The Spain elastic film market to demonstrate a CAGR of 2.5% by 2034.
- Thailand’s elastic film industry to see a CAGR of 3.9% from 2024 to 2034.
- The India elastic film sector to showcase a CAGR of 5.5% through 2034.
- China’s elastic film market to display a CAGR of 4.4% by 2034.
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Competitive Landscape of the Elastic Film Market
The market for elastic film is quite competitive, and demand is strong in developing nations. To keep up with the demands of the market and the competition, manufacturers make significant investments in R&D, hire cutting-edge equipment, and build facilities. Companies use a variety of strategies, such as product launches, partnerships, mergers and acquisitions, and collaborations.
Prominent corporations are striving to enhance their distribution networks in order to augment product accessibility for consumers and sustain market share. In the upcoming ten years, companies that are utilizing innovative technologies to satisfy consumer wants are expected to drive the elastic film market’s expansion.
Key Segments
By Material Type:
- Ethylene based elastomers
- Propylene based elastomers
- Styrene-block copolymers
- Others (PET based)
By Application:
- Hygiene
- Feminine Care
- Diapers
- Medical
- Other Applications
By End Use:
- Food and Beverage
- Pharmaceuticals
- Cosmetics and Personal care
- Automotive
- Electricals and Electronics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Recent Developments in the Elastic Film Market
- A high-strength, elasticity-retaining carbon nanotube film was created in February 2016 by Shanghai Jiao Tong University and East China University of Science and Technology scientists. This material is far stronger than carbon fiber and Kevlar.
- Infuse, a high molecular weight olefin block copolymer for film blowing, was released by Dow’s Hygiene and Medical business in April 2013. It provides better elasticity and soft stretch performance for elastic diaper components.
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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