The industrial films market is projected to grow from USD 41.3 billion in 2023 to USD 55.8 billion by 2028 at a CAGR of 4.4%. The industrial films market is driven by global surge in industrialization and urbanization. This urban boom inherently drives the demand for industrial films used in construction for applications like surface protection and lamination. Agricultural films, a subset of industrial films, are essential for crop protection and greenhouse applications. As the need for efficient agriculture practices grows, the demand for industrial films grows. The stringent environmental and governmental regulations have reshaped the industrial films market landscape, pushing producers towards innovation and sustainable solutions while navigating the challenges of compliance and evolving consumer expectations.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227835863
Based on film type, PP/BOPP films segment is projected to register highest CAGR during the forecast period. PP/BOPP films are known for their exceptional clarity, high tensile strength, and resistance to moisture, making them ideal for various packaging applications. They offer a cost-effective solution for manufacturers seeking reliable and visually appealing packaging materials. The versatility of PP/BOPP films is a key driver of their rapid growth. These films are suitable for a wide range of industries, including food and beverages, pharmaceuticals, consumer goods, and textiles. Their ability to provide excellent barrier properties against moisture, gases, and UV radiation further enhances their appeal in packaging perishable goods and protecting products during transportation and storage.
Based on end-use industry, agriculture holds the largest market share in the industrial films market during the forecast period. Plastic films are instrumental in enhancing agricultural productivity and sustainability. Greenhouse films, for instance, create controlled environments that extend the growing season and protect crops from adverse weather conditions. They facilitate year-round cultivation, making them invaluable for horticulture and floriculture. Mulch films, a subset of agricultural films, are widely adopted by farmers for soil management. These films cover the soil around plants, reducing weed growth and conserving moisture. This method not only boosts crop yields but also minimizes the need for chemical herbicides, aligning with sustainable farming practices. The multifaceted applications of industrial films in agriculture, including greenhouse, mulch, tunnel, and silage films, have established agriculture as the largest and most significant market for these films.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=227835863
Based on region, Asia Pacific is expected to lead the industrial films market in 2023, with India the fastest market in the region during the forecast period. The rapid industrialization and urbanization in many Asia Pacific countries have fueled the demand for industrial films. As these economies expand, there is a growing need for packaging, construction, and infrastructure development, all of which rely heavily on various types of industrial films. The region’s booming agricultural sector has also contributed significantly to the demand for industrial films. Agricultural films, including greenhouse films and mulch films, play a pivotal role in modern farming practices. Asia Pacific’s agrarian economies have adopted these films extensively to enhance crop yields, contributing to the overall growth of the industrial film market.
Major players operating in the industrial films market include Saint-Gobin (France), Berry Global Inc. (US), Toray Industries, Inc. (Japan), Eastman Chemical Company (US), 3M Company (US), Mitsubishi Chemical Group Corporation (Japan), RKW SE, Dupoint Teijin Films (US), and Kolon Industries, Inc. (South Korea), and others. These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe and Asia Pacific. They have an established portfolio of reputable offerings, a robust market presence, and strong business strategies. Furthermore, these companies have a significant market share, products with wider applications, broader geographical presence, and a larger product footprint.
Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=227835863
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/industrial-film-market-227835863.html