Industrial Film Market Analysis - Forecasts To 2025 By Type (Linear Low Density Polyethylene [LLDPE], Low Density Polyethylene [LDPE], High-Density-Polyethylene [HDPE], Biaxially-Oriented-Polyethylene Terephthalate [PET/BOPET], Bi-Oriented Polypropylene [PP/BOPP], Cast Polypropylene [CPP], Polyvinyl Chloride [PVC] and Polyamide/BOPA), By Application (Food & Beverage, Industrial Packaging, Pharmaceutical and Consumer Goods), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) End-use Landscape, Vendor Landscape and Competitive Landscape - Global Market Estimates
Industrial Film Market Insights
The industrial film market is anticipated to witness a lucrative growth over the forecast period. It is further expected to witness a healthy CAGR due to its increasing application in pharmaceutical, industrial, food & beverage and other industries. Along with this, the increasing consumption of industrial films in the Asia-Pacific region is also expected to boost the industry.
The industrial film market is also anticipated to grow significantly due to the adoption of packaged products by the developing economies in several sectors. Moreover, the properties of plastic such as light, durable and non-corrosive are also expected to attribute towards the growth of the industry.
The industry depends for its raw materials on products such as lubricants, plastic additives and polymers which are all produced through petrochemical processes. The price of these products along with the unstable behaviour of the natural gas and petroleum market are anticipated to hamper the growth of the industrial film market.
Industrial Film Market: Type Insights
On the basis of type, the industrial film market is segmented into LLDPE, LDPE, HDPE, PET, BOPP, CPP, PVC and BOPA. The LLPDE segment is expected to grow at a significant rate over the forecast period. This can be attributed to its properties like high strength, transparency and cost effectiveness.
The PVC segment is expected to stimulate market growth mainly due to its features which makes its application high in industries such as construction, automotive, packaging, and electronics. PVC is used to manufacture products such as cables & wires, pipes and automotive parts.
The market for PET is also expected to boost due to the rising demand for beverages and growing usage in food packaging.
Industrial Film Market: Application Insights
On the basis of application, the industrial film market can be segmented according to Agriculture, Transportation, Food & Beverage, Industrial Packaging, Construction, Pharmaceutical and Consumer Goods.
The agricultural segment is projected to rise significantly over the forecast period due to the growing need for reserving the agricultural products. Moreover, the increasing use of the industrial films to reduce the climatic effects on the crop and to increase the crop yield are also anticipated to affect the market growth.
The packaging industry is also anticipated to grow over the forecast period owing to the increasing production of bottles mainly for drinks and carbonated beverages coupled with the increase in consumption of packaged food by consumers across the globe.
Industrial Film Market: Regional Insights
Asia-Pacific is expected to hold the largest market share for this product over the forecast period on account of it being the most promising region in production as well as consumption of industrial films. The increased investment in construction and automobile sectors are expected to stimulate market growth. Moreover, the government initiatives for the product in this region are expected to drive growth over the coming years.
The industrial film market in Latin America is also expected to grow significantly owing to the rising consumer inclination towards processed and packaged food. Demand is expected to arise from Brazil and Mexico due to the increased investment in construction and automotive industries.
Industrial Film Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from Industrial Film market. Some leading consumers of the product are General Motor (The U.S.), Bechtel (The U.S.), Yurun Group Ltd (China) and Hon Hai Precision Industry (Taiwan).
Industrial Film Market: Competitive Landscape
The global industrial film market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include DuPont Teijin Films (The U.S.), SKC Co., Ltd. (South Korea), 3M (U.S.) and La Seda de Barcelona (Spain).
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2017, Reliance Industries Limited started production at its new Jamnagar polyethylene complex. The complex comprises a 550,000 mt/year linear low density polyethylene swing plant and a 400,000 mt/year low density polyethylene unit.
In October 2017, DowDuPont based in Wilmington, Del. and Midland, added almost 3 billion pounds of annual production capacity for polyethylene and elastomers at its Sadara site in Saudi Arabia. The company also aims at adding almost 3.4 billion pounds of production of PE, elastomers and EPDM on the U.S. Gulf Coast.
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The global Industrial Film Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the industry analysis; industry trends; market analysis; market trends; market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Industrial Film Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, VPs, CEOs, COOs, financial consultants, business consultants, strategy consultants, project management consultants, business management consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, demand forecasting, SWOT analysis of the company’s manufacturing Industrial Films, and customer analytics.
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