Global Industrial Films Market Size By End-Use (Industry, Agricultural Purposes), By Product Type (Linear Low-Density Polyethylene, Low-density Polyethylene), By Geographic Scope And Forecast

Industrial Films Market Size And Forecast

Industrial Films Market size was valued at USD 39.5 Billion in 2021 and is projected to reach USD 55.2 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030.

The widespread application as an end-user in the Industries along with the increase in demand in the agricultural sectors is the key driver of this industry. The Global Industrial Films Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Industrial Films Market Definition

Industrial Films are produced from Plasticized Polyvinylchloride. The major application of these films is in packaging. It is also used in Construction, Agriculture, etc. Industrial Films require controlling various parameters for getting superior quality. Some of these factors are mentioned below

Thickness Think of thickness as crucial for both heat sealing and how well the material holds up. Because it's tricky to measure perfectly by hand, we take a bunch of readings with a micrometer in a small area and average them out. Basis Weight This is another way to get a sense of how thick the material is. Density Basically, this tells us how many square meters you can get out of 1 kg of the polymer. Moisture Barrier We test how well the material blocks moisture at a set temperature and humidity. Gas Barrier We measure how well gases like Oxygen and Carbon Dioxide are blocked, again at a specific temperature and humidity. Coefficient of Friction (CoF) The slicker the surface, the lower the CoF. Measuring this is super important, because if it's too sticky, it won't move smoothly through packaging machinery. The material itself can be made of things like Linear Low-Density Polyethylene, Low-density Polyethylene, High-Density Polyethylene, or Polypropylene, among other things.

Global Industrial Films Market Overview

In manufacturing, moving goods around is just part of the job. But those goods? They're vulnerable! Think damage from air, a sudden jolt, too much pressure, heat, even water. That's where good packaging comes in – the better it is, the safer your stuff stays. That’s why industrial films are so popular. Take Stand Up Pouch bags, for example. These flexible packages, made from plastic, aluminum, and other materials, are a go-to. They shield products from all sorts of environmental nasties and physical bumps. Some even have zippers to make things easier for customers! The fact that industrial films are so useful for shipping and packaging is a major reason why the industry is doing so well. You can learn more here.

In the case of Agriculture, the usage of Industrial Films is rising rapidly. For example, Silage Films is an Agricultural Film that is used in Farmland for the protection of silage, hays, forage, maize, etc. in areas where the growth period of herding grass is relatively short. Using the Silage films, silage can be wrapped for transportation and delivery. Silage Films also help in keeping the forage under optimum humidity to facilitate anaerobic fermentation.

However, environmental factors are forcing to stop the usage of Plastics because most of the plastic materials are non-biodegradable. Besides this, the effect of COVID-19 also plays a major role in the reduction of Industrial Production. These factors are acting as a restraint for the growth of this market. There is a silver lining as well. The rapid industrialization in the Asia Pacific Region is providing a massive opportunity for the growth of this market.

Global Industrial Films Market Segmentation Analysis

The Global Industrial Films Market can be segmented based on the End-Use, Product Type, And Geography.

Industrial Films Market, By End-Use

• Industry
• Agricultural Purposes
• Transportation
• Packaging

Based on End-Use, the market is segmented into Industry, Agricultural Purposes, Transportation and Packaging. However, the use in the Industry is much more as compared to the other segments. In agriculture, mostly traditional methods are used. Emerging countries are still lagging behind the scientific implementation in Agriculture. But the usage in Agriculture is increasing rapidly as more and more scientific means are being employed. The second popular usage is in Transportation and Packaging.

Industrial Films Market, By Product Type

• Linear Low-Density Polyethylene
• Low-density Polyethylene
• High-Density Polyethylene
• Polypropylene
• Others

Based on Product Type, the market is segmented into Linear Low-Density Polyethylene, Low-density Polyethylene, High-Density Polyethylene, Polypropylene, and Others. Among the different segments of products available, Linear Low-Density Polyethylene is having the highest market share. It is used for making Plastic Bags, Stretch Wraps, Pouches, Toys, etc. Its net market volume is more than $40 Billion. The second popular variant is Low-density Polyethylene. It is used to make plastic bags, Containers, corrosion-resistant work surfaces, etc. Its estimated market is about $33 Billion. The net volume for High-Density Polyethylene is approximately more than 30 Million Tons.

Industrial Films Market, By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World

Okay, so when we look at the Global Industrial Films Market, we can break it down by regionNorth America, Europe, Asia-Pacific, and the Rest of the World. You'll see the biggest growth in areas with strong industrial activity – especially in Asia-Pacific, where it's really booming! Think about agricultural exports too, they're a big deal. India's, for example, hit 2.52 Lakh crores in FY 2019-20. That’s a lot of films needed for packaging! Asia-Pacific is currently leading the way, followed by North America and then Europe. A key driver in North America is pharmaceutical packaging. Consider the fact that Pharma exports there jumped by 23.8% in FY 2019-20.

Key Players

The “Global Industrial Films Market” study report will provide valuable insight with an emphasis on the global market. The major players are Cosmo Films, Eastman, Inteplast Group, Jindal Poly Films, 3M, Kolon Industries, FlexFilms, Ester Ind, Bilcare, and Sigma Plastics Group. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

We take a close look at the market, using both numbers and more nuanced factors to understand different segments. We'll give you market value data (in USD Billion!) for each of these segments and even the smaller sub-segments. You'll see which regions and segments are predicted to grow fastest and become the biggest players. We'll also break down each geographic area, examining product/service use and the things that influence the market there. Our competitive landscape section ranks the major players and covers all the juicy stuffnew launches, partnerships, expansions, and acquisitions from the last five years. We've got detailed company profiles too, including overviews, insights, benchmarking, and even a SWOT analysis. We'll also give you our view of the industry's current and future, highlighting opportunities, drivers, and challenges in both emerging and developed regions. You'll also find a deep dive into the market using Porter's five forces, a look at the Value Chain, and an overview of market dynamics with growth projections. Oh, and you get 6 months of analyst support after you buy. Learn More

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