As per a recently published report by Future Market Insights, sales of adhesive films market are projected to reach USD 29.8 billion by 2033 from USD 19.1 billion in 2023. The market is estimated to witness a CAGR of 4.6% between 2023 and 2033.
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.
Explore In-Depth Analysis—Click Here to Access the Report!
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 from the Adhesive Films Market Study
- The bi-axially oriented polypropylene (BOPP) films segment by material is estimated to hold around 41% of the adhesive films market share.
- By application, the tapes segment is estimated to offer a growth opportunity of USD 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.
Competitive Landscape
Key competitors in the global adhesive films market are attempting to gain a major part of the market by expanding their presence and product offerings. To compete with their rivals, these players are relying on acquisition and product launch strategies.
Few of the recent developments by key players are:
- Nitto Denko Corporation bought Mondi’s personal care component business in July 2022, and it will continue to operate under the moniker Advanced Film Solution Division.
- In May 2022, Hexis S.A.S. announced a new line of self-adhesive films dubbed HEX’TREM for décor kits designed specifically for extreme sports.
- Excel Scientific, Inc. introduced a new product in May 2022 called AeraSeal breathable sealing sheets for cell/tissue and bacterial cultures, which allow for uniform air/carbon dioxide exchange in each cell.
Key Players
- 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.
Adhesive Films Market 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
- Speciality Films
- Surface Protection Films
- Non Conductive Films
By End Use:
- Electrical & Electronics
- Electronic Panels
- Electrical Appliances
- Semiconductors
- Building & Construction
- Window
- Ceilings & Walls
- Aerospace
- Aircraft Components
- Satellites
- Automotive
- Packaging
- Transportation
- Others (Signage, Medical)
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan Countries
- Baltic Countries
- Middle East and Africa (MEA)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
