Nylon 6 Remains Preferred Grade Type
Nylon 6 films account for a voluminous share of the market revenue, which is likely to increase throughout the period of projection. As the trend of lightweight packaging is gaining ground, films and coatings made from nylon 6 continue to define manufacturers’ bottom lines. By 2025, the adoption of nylon 6 grade type will hit the US$ 1 Bn mark. On the other hand, nylon 66 is expected to see steady demand growth due to its greater mold shrinkage, which further complicates the manufacturing process.
Primacy of Asian Markets to Sustain Through 2029
Capturing over one-third share of total consumption, the nylon films market in East Asia will continue to attract significant capital investments from manufacturers over the next decade. With China leading the regional market, growth will be shaped by the rising popularity of convenience foods, as well as booming chemical industry.
While sales opportunities are also lucrative in the developed regions of Europe and North America, the adoption of nylon films in South Asia would surge at a rapid CAGR, which, in turn, is resulting in the realignment of strategies regarding the South Asia nylon films market.
Bettering Shelf Life with a Blend of Innovation
Influenced by the accelerating consumption of ready-to-eat single-serve meals, manufacturers are embracing innovative packaging formats such as modified atmosphere packaging (MAP) and vacuum packaging in an effort to enhance the durability of their products. Moreover, they are introducing multi-layered nylon films (8, 9, or 11 layers), especially for healthcare applications. This multilayer flexible packaging solution is still in its early stage, yet, its cost-effective quotient is expected to boost its prominence in other industries.
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How Growth will Unfold
As flexible packaging solutions continue to make headway in every vertical, globally, industrial operators are rethinking their existing business models. The food industry, being the early adopter, will remain the key revenue generator in the nylon films market, and will register revenue over US$ 1 Bn by 2029.
Under the end-use category, the packaging of perishable products such as meat, cheese, and processed food would complement global demand growth. Although pharmaceutical and electrical industries have relatively lesser market share, manufacturers are also eyeing these end-use industries for potential sale opportunities.
FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL NYLON FILMS MARKET
What are the future prospects of the nylon films market?
The nylon films market is anticipated to witness gradual growth, with the market creating an incremental opportunity of US$ 581 Mn over the forecast period.
What is the key factor driving the growth of the nylon films market?
Flexible packaging converters highly prefer nylon films for packaging perishable products such as meat, cheese, and other processed food items, attributable to the excellent oxygen and aroma barrier properties of such films. Improved shelf life of these products is another factor that is expected to contribute to the increased adoption of nylon films by packaging manufacturers over the forecast period of 2019-2029.
Which players are identified as tier-1 players in the nylon films market?
Unitika Ltd., Toray Plastics Inc., Winpak, Kolon Industries, Hyosung Corporation, and Honeywell International LLC are some of key players in the nylon films market that FMI has identified as tier-1 players. Most of these players focus expansion through strategic acquisition of regional players to maintain their market position in the nylon films market.
Which brands are associated with the nylon films market?
Some of the popular brands associated with the nylon films market are EMBLEM by Unitika Ltd., RAYFAN from Winpak, AMIDROLL brand by KOLON industries, a series of SUPERNYL films by Mitsubishi, HARDEEN from Toyobo, and NYLEEN from Domo Chemicals.
Which region accounts for the highest generation of revenue in the nylon films Market?
In terms of market growth, the East Asia nylon films market is projected to be at the forefront through 2029. This can be attributed to the increasing adoption of nylon films by food packaging manufacturers for the enhanced shelf life and improved barrier properties of these films.
Which end-use industry offers high potential opportunities for market players?
The food industry is anticipated to account for a significant market share in the nylon films market, and remain the most lucrative segment throughout the forecast period. However, the pharmaceuticals segment is expected to generate an impressive incremental opportunity over the next five years, due to the rising demand for multi-layer films because of their excellent barrier properties.
NYLON FILMS MARKET TAXONOMY
The global nylon films market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Nylon 6
- Nylon 66
- Upto 10 Microns
- 11 to 20 Microns
- 21 to 30 Microns
- Above 30 Microns
- Processed Food
- Other Industrial
- North America
- Latin America
- South Asia
- East Asia