Specialty Films Market

Barrier Films to Remain in Great Demand through 2026

Flexibility and dynamic resistance against oxygen, water, light and other external elements are some of the key functions of packaging barrier films that are driving their demand in the global specialty films market. High barrier films are being predominantly used a flexible packaging commodity. In 2017, more than US$ 18 Bn worth of barrier films are poised to have been sold in the global specialty films market. The demand for packaging barrier films market will continue to gain traction through 2026, while conductive films will register fastest sales at a CAGR of 7.1%.

Increasing Demand for PE Specialty Films in Food & Beverage Industry

The report has further revealed that polyethylene materials will be widely used in the production of specialty films. The abilities of PE specialty films in providing durable packaging solutions and utmost water resistance will continue to drive their demand, particularly in the food & beverage industry. By 2026, nearly US$ 20 Bn worth of specialty films made from PE materials are expected to be sold in the global market. Over the forecast period, food & beverage industry will remain the largest end-user of specialty films. The report also reveals that the end-use of chemical specialty films sector will register fastest revenue growth at a CAGR of 6.2% during the forecast period.

Global Specialty Films Market: Key Players

A key challenge in the production of specialty films is the stringency of industrial regulatory bodies towards the use of polymerized, non-degradable materials. Increasing incidences of specialty films being dumped openly has created environmental concerns. Moreover, single-use nature of these films limits the scope of recycling and reusing specialty films.

Leading manufacturers of specialty films include, Bemis Company, Koninklijke DSM N.V., The Mondi Group, Borealis AG, Amcor Ltd., Sealed Air Inc., Selenis Portugal S.A., Saudi Arabia Basic Industries Corporation (SABIC), Bischof + Klein SE & Co., and 3M Company. These companies have been extensively profiled in the report. A majority of the companies are expected to boost the production of specialty films with higher chemical resistance. With increasing presence of food & beverage companies in the APEJ region, several key players in the global specialty films market are likely to extend their production capabilities by setting up plants in countries namely, China, South Korea, and India.

Market Taxonomy

Specialty films market analysis on the basis of product-type, material-type, end-use, and region. The taxonomy of the global specialty films market has been illustrated below. Additional information on cross-segmental market forecast and country-specific market size estimations has been provided in the report as well.

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Product Type

• Stretch Film
• Shrink Film
• Barrier Film
• Conductive Film
• Safety & Security Film
• Anti-Fog Film
• Other Films

Material Type

• Polyethylene (PE)
• Polyethylene terephthalate (PET)
• Polyamide (PA)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyurethane (PU)
• Aluminum
• Others (Evoh, Polycarbonate etc)

End Use

• Food & Beverage
• Cosmetic & Personal Care
• Chemical
• Agriculture
• Building & Construction
• Pharmaceutical
• Electrical & Electronic
• Automobile
• Others