What is Self Adhesive Protective Film Market?
The global self adhesive protective film market is expected to grow at a healthy rate during the forecast period, according to the AMA study. The growing demand from food & beverage sector owing to high demand for packaging of different products, rising adoption of recyclable packaging products to reduce environmental pollution, and the rising demand for attractive packaging & labeling of products are some of the major drivers of this market. However, the outbreak of coronavirus is expected to hamper the industry growth for the next few years which is expected to witness a rapid increase in growth once the COVID-19 pandemic is over.
The market study is being classified by Type (Tapes, Graphic Films, Labels and Others), by Application (Stainless Steel, Glass, Plastics & Polymers and Others) and major geographies with country level break-up.
ADHETEC (France), 3M (United States), Mondi (Austria), TORAY INDUSTRIES, INC. (Japan), LINTEC Corporation (Japan), Indigo (United Kingdom), Cosmo Films Ltd. (India), CCL Industries (Canada), DUNMORE (United States), Fuji Seal International, Inc. (Japan) and SURFACE SHIELDS (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing new & innovative products and solutions in order to cater to the market's demands to remain competitive in the highly fragmented global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. For instance, in December 2018, 3M announced that it has expanded its lineup of advanced adhesives for medical devices with the addition of 3M Single Coated Medical Extended Wear Adhesive Non-woven Tape on Liner (3M 4077), a pressure sensitive adhesive that offers omni-directional stretch for superior conformability and breathing ability. Research Analyst at AMA predicts that United States, Japan Vendors will contribute to the maximum growth of Global Self Adhesive Protective Film market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Self Adhesive Protective Film market by Type, Application and Region.
On the basis of geography, the market of Self Adhesive Protective Film has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand from Food & Beverage Sector Owing to High Demand for Packaging of Different Food & Beverage Products
- Growing Demand for Recyclable Packaging Products to Reduce Environmental Pollution
- Growing Demand from Pharmaceutical & Consumer Goods Industries
Market Trend
- Growing Demand for Attractive Packaging & Labeling
Restraints
- The Outbreak of Coronavirus (COVID-19) is Leading to Shut Down of Production & Operations of Different Industries & Acting as a Short Term Restraint for this Market
Opportunities
- Opportunities in the Asia Pacific Region Propelled by the Countries such as China & India
Challenges
- Fluctuations in Raw Material Prices
In April 2020, Mondi announced that it has found a way to convert a production line at its Gronau plant in Germany to manufacture soft, elastic straps for face masks used by medical professionals and consumers globally.
Stringent Government Regulations Regarding the Lock-down of Different Sectors Creating Economic Challenges for Different Industries