About Industrial Films
The industrial films are engineered and prepared specifically for protective and functional properties, the films thickness ranges from 0.030 till 0.300mm with different widths. These films play important part in the pharmaceutical and drugs industry. The growth of the industrial films is driven by the increasing use of industrial films in various industries like food packaging, lamination, pharmaceutical, etc. However, with the regulatory guidelines regarding energy efficincy and emissions, market growth might be affected.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Industrial Films market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Films Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Industrial Films market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Treofan Group (Germany), Profol GmbH (Germany), Berry Global, Inc (United States), Saint-Gobain Performance Plastics (France), Skc Co. Ltd (South Korea), 3M (United States), Dupont Teijin Films (United States), Kolon Industries Inc. (South Korea) and Eastman Chemical Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are RKW Group (Germany) and Cosmo Films Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Films market by Type (Acrylic Film, Adhesive Film, Bi-Axially Oriented Polypropylene (BOPP) Film, Polyethylene Terephthalate (PET) Film, Polyester Film and Others), Application (Industrial, Packaging, Consumer Electronics, Food Safety, Thermal Lamination and Others) and Region.
On the basis of geography, the market of Industrial Films 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). If we see Market by End User, the sub-segment i.e. Food and Beverage Industry will boost the Industrial Films market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Use of Opaque Industrial Films in E-commerce Business and Production of Sustainable Industrial Fims
Market Growth Drivers:
Growing Need for Packaging in Various Industry and Need for Covering Films for Protection of Goods
Challenges:
Lack of Quality and Performance of Industrial Films
Restraints:
Risk of Side effects Associated with Industrial Films Food Packaging and Harmful effects of Industrial Films on Environment
Opportunities:
Research and Innovation in Food and Beverage Packaging and Advancement in Technology used for the Packaging Films
Market Leaders and their expansionary development strategies
In May 2023, PPG announced that it will deliver paint and clear film solutions for automotive and industrial customers through PPG Advanced Surface Technologies, a new joint venture formed with entrotech, Inc., a provider of technology-driven film solutions. PPG retains a majority stake in the joint venture. Specific financial and ownership terms were not disclosed.
Key Target Audience
Industrial Films Manufacturers, Industrial Films International Traders, Industrial Films Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.