The global nylon films market, valued at US$ 983.6 million in 2022, is projected to reach US$ 1,400.0 million by 2029, with a compound annual growth rate (CAGR) of 5.2% during the period. This substantial growth is indicative of the increasing demand and widespread applications of nylon films across various industries.
The surge in coextruded films is driving notable growth for nylon film manufacturers, leveraging thin, individual layers to optimize the cost-effective utilization of high-performance polymers. Additionally, a shift is observed in various food packaging industries, eyeing entry into the medical packaging sector due to its higher profit margins and expanding market opportunities.
Expecting an impressive Compound Annual Growth Rate (CAGR) of 8.7%, India is poised for significant growth in the coming years. Fueled by a rising demand for high-quality products and the increasing per capita income in the country, particularly as the second most populous economy globally, India’s food and food services sector is on a remarkable upswing. According to FMI projections, the food and food services market in India is anticipated to surge exponentially, reaching a substantial value of USD 71 billion by 2025. This sustained expansion in the food and food services industry is set to generate considerable demand for nylon films throughout the forecast period.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-6669
Nylon Films Market: Competition Landscape
- Unitika Ltd.,
- Winpak,
- Toray Plastics Inc.,
- Hyosung Corporation,
- Kolon Industries, and
- Honeywell International LLC
are some of the key players in the nylon films market. These players are strengthening their market presence through strategic acquisitions to increase their production capacity.
Key Takeaways of Nylon Films Market Study
- According to FMI analysis, the food segment is expected to outbid other end uses in the nylon films market over the forecast period. Manufacturers of perishable products such as meat and cheese are expected to account for a significant share of the food segment in the nylon films market.
- 11 to 20 microns is identified as the highly preferred thickness for nylon films among packaging converters. This thickness is well-suited for packaging applications that require optimum protection and performance.
- The bi-axially oriented polyamide film segment is projected to remain prominent by film type in the foreseeable future. Growth is attributed to the high tensile strength, improved impact strength, along with better oxygen barrier as compared to cast PA films.
- East Asia is expected to represent more than a quarter of the global films market share during the forecast period. China represents 60% of the total East Asia market share in 2022, attributable to the large number of unorganized players in the region. Moreover, South Asia is anticipated to remain a lucrative region in the nylon films market till the end of the forecast period.
“Players in the global nylon films market can gain significant profits by focusing on emerging countries in South Asia, such as India, Thailand, and Vietnam. Increasing demand from perishable and processed foods packaging manufacturers is expected to boost the growth of the nylon films market in this region.”
Ready to Learn About Our Approach? Explore Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-6669
Bi-axially Oriented Polyamide Segment is projected to Anticipate Heightened Demand from the Nylon Films Market
FMI’s analysis forecasts the BOPA segment to dominate the global nylon films market, constituting an estimated market share of approximately 80.3% by 2022. The ascendancy of BOPA films is attributed to their exceptional attributes, including remarkable flexibility, high tensile strength, and outstanding mechanical strength. These properties not only confer excellent toughness to the films but also make them highly rigid, rendering them ideal for applications in packaging within the electrical and chemical end-use industries. The robust demand for nylon films in the forecast period is expected to be fueled by the escalating requirements of these industries, where the unique characteristics of BOPA films cater to specific packaging needs.
The BOPA segment’s dominance underscores the versatility and adaptability of these films in meeting the stringent demands of diverse end-use sectors. As industries increasingly prioritize packaging solutions that offer a combination of durability, strength, and flexibility, BOPA films emerge as a preferred choice, poised to sustain their leading market position and contribute significantly to the overall growth of the global nylon films market in the foreseeable future.
Market Trends and Future Prospects
The Nylon Films Market is expected to witness continued growth in the coming years, driven by evolving consumer preferences and technological advancements. Some key trends and predictions for the market include:
1. Biodegradable Nylon Films
With the rising focus on sustainability, the demand for biodegradable nylon films is expected to surge. These films offer the same performance benefits as traditional nylon films but with reduced environmental impact.
2. Nanotechnology in Nylon Films
Nanotechnology integration in nylon films is likely to improve their barrier properties and enable innovative applications in the packaging and electronics industries.
3. Lightweight and Cost-Effective Solutions
Manufacturers are continuously working to develop lightweight and cost-effective nylon film solutions that cater to various end-user industries.
4. Growing Demand in Emerging Economies
As disposable incomes rise in emerging economies, the demand for packaged goods and flexible packaging solutions is expected to increase, thereby driving the demand for nylon films.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/6669
Nylon Films Market by Category
By Grade:
- Nylon 6
- Nylon 66
By Thickness:
- Upto 10 Microns
- 11 to 20 Microns
- 21 to 30 Microns
- Above 30 Microns
By Film Type:
- Bi-axially Oriented Polyamide (BOPA)
- Composite Polyamide (CPA)
By End-Use:
- Food
- Meat
- Cereals
- Cheese
- Processed Food
- Pharmaceuticals
- Electrical
- Chemicals
- Others
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
