Global Industrial Films Market
The GMI Research forecasts that the Industrial Films Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their extensive application across various industries, including construction, agriculture, and industrial packaging, to enlarge the shelf life of the product and the increase in the consumption of bi-axially oriented plastic films.
Introduction of the Industrial Films Market
Industrial films are made up of a polyester base or clear acetate and are employed across enormous industries for packing and storing. The enlargement of the food and beverage industry has substantially raised the demand for films.
Key Players of the Global Industrial Films Market:
- Inteplast Group
- Jindal Poly Films
- Cosmo Films Ltd
- Raven Industries Inc.
- Sigma Plastics Group
- Kolon Industries
- Mitsui Chemicals Tohcello.Inc
- Saint-Gobain Performance Plasticsi
Industrial Films Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The industrial films are extended across the machine and transverse direction to sketch them with remarkable properties, which include an excellent merger of optical, mechanical, thermal, and physical characteristics; transparency; chemical stability; and electrical insulation. The augmenting demand for bi-axially oriented films, led by their escalating prominence among various films, is the primary driver responsible for the market growth. In addition, their implementation across the agricultural industry to generate better effectiveness and productivity accompanied by the fabrication of innovative agricultural production and business based on smart agriculture have impelled the market share. However, stringent norms and regulations by the government will hamper industrial films market growth.
Silica Content Segment Drivers
Based on the silica content, polyethylene will experience significant growth over the coming years owing to various advantages proffered by the polymer, which include enhanced protection, recyclability, cost-efficiency, and adaptability. According to "International Council of Chemical Associations" over 1500 LDPE plants exist in the world that further adds to the market growth.
End-Use Industry Segment Drivers
Based on the end-use industry, agriculture is contemplated to grow at a higher rate owing to the growing need to raise agricultural productivity to serve the demand for food leading to the commercialization of these specialty coverings. Moreover, several advancements, including Ultra Violet (UV)and NIR blocking, fluorescent, and ultra-thermic films, will contribute to the market growth.
Based on the regional coverage, Asia-Pacific is expected to hold a major share in the near future. This is primarily attributed to the amplifying demand from Japan, China, and India. Also, the report by World Bank stated that China ranked at the top in the packaging sector, which paved the way for the growth of the market. As per IBEF, India is the largest agriculture producer, and extending construction activities will proliferate the industrial films market size.
Industrial Films Market Segmentation:
Segmentation by Silica Content
Segmentation by End-Use Industry
- Automotive Transportation
- Building Construction
- Electrical Electronics
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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