According to a recent study conducted by Future Market Insights, the decorative surface films market is slated to reach a valuation of over US$ 7 Billion in 2022. During the 2022 to 2032 forecast period, demand for decorative surface films is slated to flourish at a value CAGR of 5.5% to reach US$ 12 Billion.
| Data Points | Key Statistics |
|---|---|
| Anticipated Market Value for Decorative Surface Films in 2022 | US$ 7 Billion |
| Projected Market Value for Decorative Surface Films in 2032 | US$ 12 Billion |
| Global Growth Rate (2022 to 2032) | 5.5% CAGR |
The packaging industry has grown extensively owing to its large use in different end user sectors. This has led to product innovation in the packaging industry according to the demand from end user sectors. Moreover, packaging is not only limited to specific end user sectors but also has extended to a wide variety of products that add a finishing touch to the products.
One such packaging that is gaining prominence in residential and commercial sectors is the decorative surface films. Decorative surface films come under flexible packaging and are used to cover a wide variety of products. This, in turn, is creating lucrative opportunities for the decorative surface films market.
As packaging plays a key role in the overall well-being of the products, the demand for the same has increased by leaps and bounds. The wide application of decorative surface films for windows or walls is positively influencing the demand for decorative surface films. Moreover, variations in designs of decorative surface films along with innovation in products are driving the growth of the decorative surface films market.
Future Market Insights states that the advantages offered by decorative surface films is gaining traction for the same and working in its favor.
In the upcoming years, the manufacturing and application of decorative surface films are expected to change rapidly owing to sustainability requirements from various government authorities.
Moreover, the changing landscape of interiors in the commercial and residential sectors along with redesigning of decorative surface films is expected to positively influence the demand for the same. In addition, technological advancements in decorative surface films packaging with the integration of IoT features will change the functioning of the same in the upcoming years.
Technological innovation and product development is rapidly shaping the demand for packaging industry across the globe. Decorative surface film packaging is one such market which is extremely impacting the growth of flexible packaging market.
Decorative surface films is a creative form of packaging which is extensively used on walls, windows, etc. Over the years, the decorative surface films is highly used across multiple application industries of food, household and electronic.
One of the primitive factor which is rapidly fueling the growth of global decorative surface films is the innovation of printing in packaging industry such as digital, screen and rotogravure printing.
The leading packaging manufacturer is focusing on the use of rotogravure printing which enables high production rate of printing and superior quality of printing on labels and films. Moreover, the APEJ market is expected to witness a superior growth over the forecast period.
With increasing investment in technology, leading manufacturer of the decorative surface film is highly focusing on the use of a conventional raw material. Use of such innovative material has enabled the manufacturer to produce decorative surface films which are resistant to scratches, stain and external chemical components.
Such factor is increasing the application use of decorative surface films across the food industry. Moreover, the use of conventional decorative surface films is immensely product appealing for the manufacturer.
All these factors are propelling the demand for decorative surface films across the developed market. One of the leading trend in decorative surface films is the use of active packaging technology. Such active packaging technology protects the product from external ingress of oxygen, moisture or microbiological contamination. These form of sustainable packaging is pushing the growth of decorative surface films market.
On the flip side the use of traditional plastic raw material is highly hazardous for environment, this causes the local and international regulatory bodies to impose stringent regulation which hampers the demand for decorative surface films market. The manufacturer operating in the region of Europe have to face stringent regulation with regards to film packaging.
Geographically, the decorative surface films market is segmented into end user base, application type and material type. On the basis of end user base the global decorative films market is segmented into metal and plastic. Furthermore, the metal material is further divided into cadmium, mercury, nickel.
Whereas, plastic is further segmented into polyethylene (PE), polypropylene (PP), poly vinyl chloride (PVC), polycarbonate (PC). On the basis of end user base the global decorative films market is segmented into food & beverage, pharmaceutical, electronic devices, medical devices, chemical, and others.
The global decorative surface films market is cartel by leading manufacturers operating in the region of Western Europe, APEJ and North America market. Among it the APEJ market is expected to hold a sustainable share in the global decorative surface films market and is further expected to hold a chunk of market share over the forecast period. Other regions including Japan and MEA are expected to showcase an accelerating CAGR over the forecast period.
Some of the key players operating in the global decorative surface films market include Klockner Pentaplast, Konrad Hornschuch AG, TAGHLEEF Industries Group, The AmGraph Group, DuPont, Metropolitan West, Inc., Hanex, Global Coating, Vaccum Surtec, Poli-Film Australia, Riken Technos Corp, Avery Dennnison, Griff Paper and Film Inc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Decorative Surface Films Market
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