An Incisive, In-depth Analysis on the Specialty Films Market
This study offers a comprehensive, 360 degree analysis on the Specialty Films market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Specialty Films market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Growing need for packaging solutions across a range of industrial verticals has driven the demand for specialty films. These advanced packaging films are becoming a key commodity as their role is pivotal in keeping the product intact before it reaches the customer. Over the years, the demand for specialty films has spurred on the account of its growing applications, particularly in the food & beverage industry. Manufacturers are partnering with packaging companies that can provide the most effective specialty films, thereby creating a reliable rapport in the global specialty films competition landscape.
According to Future Market Insights, the global specialty films market is poised to expand steadily at a CAGR of 4.9% during the forecast period, 2017-2026. By the end of 2026, more than US$ 56 Bn worth of specialty films are expected to be sold in the world. The report also projects that Asia-Pacific excluding Japan (APEJ) region will represent largest market for specialty films, and will account for over one-third share of global revenues throughout the forecast period.
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 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 specialty films in chemicals 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.
Future Market Insights has developed an exclusive forecast study on the global market for specialty films, titled “Specialty Films Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026).” The study has been developed to trace key aspects encompassing the production and sales of specialty films in the global packaging sector. From trends in the packaging industry to recent innovations with respect to product development, a slew of causative factors influencing the growth of the global specialty films market have been addressed and analysed in the report. The report is directed to enable manufacturers of specialty films tap new growth opportunities in terms of business development. The study has been validated through multiple levels of quality checks and the data used for market size forecasting has been procured from authentic databases. The study provides market size estimations on the global specialty films market for the forecast period, 2017-2026, and supports these quantitative estimations with qualitative information derived from secondary research methodologies.
Features of the Report
Key highlights of the report include an executive summary that reveals the research findings in a nutshell, a market overview that provides unbiased outlook on the global specialty films market, and segmental analysis of the overall market to create a holistic and comprehensive forecast. The report delivers a formal introduction on how specialty films gained traction as a key commodity in packaging world over the recent past.
Developments in production of specialty films have been studied, and the report has repurposed this information to create presumptive scenarios on the future of the global market. From supply chain and costing structure to raw material procurement strategies, the report has analysed every aspect involving the business of providing specialty films for packaging of products across multiple industries.
A detailed assessment of the market players has been offered through the competition study provided in the report. Leading manufacturers of specialty films have been profiled on the basis of their current market standings and strategic developments. The study also delivers an intensity map that demarks the presence of market players across different geographies and regional markets.
Market Taxonomy
The global market for specialty films has been analysed 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.
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Key Advantages of the Report
The scope of the report is to enable manufacturers of specialty films assess the right path towards future market direction. From industrial regulations that limit the use of polymer materials in production of specialty films to environmental protection policies that coerce manufacturers into reusing and recycling specialty films, several inferences provided in the report can help market players in planning new strategies towards business development. The report serves as a reliable business document aimed at enabling market participants in creating robust plan of action for staying abreast in the expansion of the global specialty films market.
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