Industrial Films Market by Film Type (LLDPE, LDPE, HDPE, PET/BOPET, PP/BOPP, CPP, PVC, Polyamide/BOPA), End-use Industry (Transportation, Construction, Industrial Packaging, Agriculture, Medical), Region - Global Forecast to 2025
Updated on : March 28, 2023
Industrial Films Market
Industrial Films Market was valued at USD 39.3 billion in 2020 and is projected to reach USD 49.0 billion by 2025, growing at a cagr 4.5% from 2020 to 2025. The driving factors for the market is its growing demand from agriculture industry.
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COVID-19 Impact on the Industrial Films Market
The global Industrial films market includes major Tier I and II suppliers like as Saint-Gobain (France), Berry Global group (US), SKC Co. Ltd. (South Korea), Toray (Japan), and Eastman (US), DSM-RKW SE (Germany) and 3M (US). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.
These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for fatty alcohols is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.
Industrial Films Market Dynamics
Driver: Growing demand of bi-axially oriented films
Bi-axially oriented films have become the most popular as well as the fastest-growing type of films. The manufacturing process of these films is responsible for its distinct nature and superior characteristics. These films are stretched in both machine direction and transverse direction to design them with desired properties such as an excellent combination of mechanical, optical, thermal, and physical characteristics; transparency; chemical stability; and electrical insulation, among others.
The market demand for bi-axially oriented films is driven by their wide use in both industrial and packaging applications, backed by their excellent processability, unique properties, and adhesion to adhesives & coatings. The rising demand for bi-axially oriented films has encouraged market players to invest in their product line. The numerous materials used to make bi-axially oriented films include PP, PET, Polystyrene (PS), and PA, among others.
|
Film Type |
Property/Characteristic |
Application |
|
BOPET |
High clarity and electrical insulation, high mechanical strength, dimensional stability, excellent puncture resistance, high resistance to chemicals and temperature, and strong adhesive strength |
Electrical insulation in industrial applications, optical and electronic, and photovoltaics (backsheet laminates, photovoltaics panel) |
|
BOPP |
High tensile strength, low electrostatic charge, excellent clarity, good dimensional stability, resistance to harmful chemicals and pollution, puncture resistance, recyclability, resistance to grease and oils, environmental friendliness, UV resistance, and low weight |
Cable wrap and insulation, adhesive tapes, electrical applications, and other specialty applications |
|
BOPS |
Good anti-static ability, tear and puncture resistance, superb clarity, high rigidity, low processing cost, temperature resistance, and barrier to aroma and oxygen |
Electronics (display screens) and automotive (dashboard components) |
Restraint: Sringent environmental and governmental regulations
Several regulations and proposed bans on plastics affect the sales of plastic films. Several acts and regulations have been implemented across the globe to create stringent rules against plastic waste and recycling of plastic materials. In the US, the recycling of plastic materials is regulated by environmental laws such as the Solid Waste Disposal Act, the Ocean Dumping Act, and the Resource Conservation and Recovery Act. In 2012, China imposed ‘Operations Green Fence’ directed at banning improper recycling practices leading to environmental pollution. This rule banned imports of unwashed plastic materials and levied restrictions on recycling techniques.
Each state in the US has diversified tint limits for automotive films in front side windows, ranging from a high VLT (Visible Light Transmission) of 88% in California to a low of 24% in Washington. Automotive window films installed on window glasses prevent VLT from entering the vehicles. Hence, the use of these films is restricted in several countries, owing to road safety, violence, and other reasons. At the global level, 100% black tint window films are not permitted due to the high chances of accidents. In countries such as Libya, Bolivia, Kenya, Portugal, Kuwait, Belarus, Pakistan, and Iraq, all vehicles should possess 100% transparent films, whereas in India, the rear windows should have at least 70% VLT and 50% in the case of side windows. Such regulations restrict the growth of the industrial films market.
Opportunity: Increasing use of agricultural films
The use of plastic films in agriculture has been growing over the years owing to benefits such as preservation of quality of agriculture produce and improvement in crop production quantity. Decreasing arable land, changing weather conditions, and growing demand for food due to the increasing population are driving the demand for agricultural films. These films help in improving crop quality and productivity by minimizing soil erosion; increasing soil temperature; providing nutrients; providing protection from UV rays, rain, and wind; enabling seed germination, and suppressing the growth of weeds. These advantages have led to the increasing popularity of agricultural films at the global level. Improving standards of farming across the globe, coupled with the cost efficiency of this technology over conventional farming techniques, have further fueled the usage of agricultural films.
The key applications of plastic films in the agriculture industry include greenhouse, silage, mulch, and tunnel, among others. In the agriculture films industry, several innovations such as Near Infrared Radiation (NIR)-blocking films (blocks NIR of the Sun in tropical areas to give a cooling effect to crops), UV-blocking films (provides protection to crops from diseases and pests), and fluorescent films (converts UV radiation to different colors such as red or blue to optimize plant growth) are expected to positively influence the demand for agriculture films in the future.
Challenges: Challenges in recycling plastic
The direct disposal of plastic films raises concerns over recycling to prevent environmental damage. Every plastic product is not designed to be recycled. The key issues faced in plastics recycling are expensive collection process, requirement for extensive sorting, and lack of incentives for manufacturers to use recycled plastics.
The light and bulky nature of plastics makes the collection of similar plastic types in appropriate amounts a difficult process. Drop-off site options are sometimes adopted to minimize collection costs. However, this creates the difficulty of space requirements, making the collection process expensive. The extensive sorting requirement further acts as a challenge in the recycling of plastics. Although the Society of the Plastics Industry has developed seven resin codes, the market is filled with numerous types of plastics. This acts as a limitation for the recycling process as the different types of plastics need to be carefully sorted according to their resin codes for conversion into other products.
The lack of buyers for recycled plastics due to the absence of potential incentives has further made the recycling of plastics a challenging task. These challenges are expected to be overcome over the next few years through the development of advanced recycling technologies and the introduction of favorable initiatives.
ECOsystem ANALYSIS: Industrial films Market
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Source: Secondary research, primary research, and MarketsandMarkets Analysis
“The Industrial films market is projected to register a CAGR of 4.5% during the forecast period, in terms of value.”
The global Industrial films market is estimated to be USD 39.3 billion in 2020 and is projected to reach USD 49.0 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. The market is witnessing moderate growth, owing to increasing application, technological advancements, and growing demand for these resins in the Asia Pacific and Europe. Industrial films are largely used in the agriculture industry. The increasing use of agricultural films and the rising construction activities is driving the industrial films market. Strict environmental and government regulations is the restraints for the Industrial films market.
“Agriculture segment is expected to lead the Industrial films market during the forecast period.”
The agriculture industry will continue to lead the Industrial films market, , accounting for a share of 25.7% of the overall market, in 2019 terms of value. This was due to the increasing demand for food, decreasing arable land, and the need for water and energy preservation. It has led to the development of advanced cultivation methods that can increase crop productivity and resist climatic changes.
“Asia Pacific is the largest market for Industrial films.”
Asia Pacific accounted for the largest share of the Industrial films market in 2020. Factors such as the rapidly increasing consumption of industrial films in the automotive, agriculture, construction, and industrial packaging industries in countries such as India, Indonesia, China, and Thailand have led to an increased demand for Industrial films in the Asia Pacific region.
Industrial Films Market Players
Industrial films is a diversified and competitive market with a large number of global players and few regional and local players. Saint-Gobain (France), Berry Global group (US), SKC Co. Ltd. (South Korea), Toray (Japan), and Eastman (US), are some of the key players in the market.
Industrial Films Market Report Scope
|
Report Metric |
Details |
|
Market Size Available for years |
2018-2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
|
Forecast units |
Value (USD Billion) and Volume (Million Square Meter) |
|
Segments covered |
By Type, By End-Use Industry & By Region
|
By Type
- LLDPE
- LDPE
- HDPE
- PET/BOPET
- PP/BOPP
- CPP
- PVC
- Polyamide/BOPA
- Others
By End-Use Industry
- Agriculture
- Industrial Packaging
- Construction
- Medical
- Transportation
- Others
By Region
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Recent Developments
- In February 2019, Saint-Gobain completed the acquisition of American Seal and Engineering Co., a leader in technical sealing solutions
- In July 2019, Berry Global Group completed the acquisition of RPC for aggregate consideration of USD 6.1 billion. RPC is a leading plastic product design and engineering company for packaging and select non-packaging markets, with 189 sites in 34 countries
- In January 2020, Toray Industries, Inc., created PICASUS VT, the world’s first film incorporating an optical function to allow light to pass through the front similar to glass and reflect obliquely incident light like a mirror. This revolutionary material opens new doors to applications in such areas as augmented and mixed reality for Head-Mounted Display (HMD) and Head-Up Display (HUD), and privacy filter and display films
Frequently Asked Questions (FAQ):
Does this report cover volume tables in addition to the value tables?
Yes, volume tables are provided for each segment except offering.
Which countries are considered in the European region?
The report includes the following European countries
- Germany
- U.K.
- Turkey
- Italy
- Spain
- Russia
- France
- Rest of Europe
What is the COVID-19 impact on the industrial films market?
Industry experts believe that COVID-19 would have a impact on industrial films market as there is an increase in demand for industrial films in various industries such as agriculture, medical and packaging. Furthermore, they also believe that the market will rebound in Q4 in 2020.
What are some of the uses of Industrial films?
Industrial films are largely used in the coating applications by the medical, construction and architectural end-use industries. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 16)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 REGIONS COVERED
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 20)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 SUPPLY-SIDE ANALYSIS
2.2.2 FORECAST
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 27)
4 PREMIUM INSIGHTS (Page No. - 31)
4.1 ATTRACTIVE OPPORTUNITIES IN THE INDUSTRIAL FILMS MARKET
4.2 INDUSTRIAL FILMS MARKET, BY END-USE INDUSTRY
4.3 INDUSTRIAL FILMS MARKET, BY FILM TYPE, 2019
5 MARKET OVERVIEW (Page No. - 35)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing demand for bi-axially oriented films
5.2.1.2 Wide range of applications amongst various end-use industries
5.2.2 RESTRAINTS
5.2.2.1 Stringent environmental and governmental regulations
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing use of agriculture films
5.2.3.2 Rising demand for plastic films in medical applications
5.2.3.3 Growing focus on bio-based plastic materials
5.2.4 CHALLENGES
5.2.4.1 Challenges in recycling of plastics
5.2.4.2 Volatile raw material prices
5.2.4.3 Dynamic market
5.3 PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.3.6 IMPACT OF COVID-19 ON SUPPLY CHAIN
5.3.7 MACROECONOMIC INDICATORS
5.3.7.1 INTRODUCTION
5.3.8 TRENDS AND FORECAST OF GDP
5.3.9 TRENDS AND FORECASTS OF AGRICULTURE INDUSTRY AND THEIR IMPACT ON INDUSTRIAL FILMS
5.3.10 TRENDS AND FORECASTS OF MEDICAL INDUSTRY AND THEIR IMPACT ON INDUSTRIAL FILMS
6 INDUSTRIAL FILMS MARKET, BY FILM TYPE (Page No. - 51)
6.1 INTRODUCTION
6.2 INDUSTRIAL FILMS MARKET, BY FILM TYPE
6.3 LLDPE
6.4 LDPE
6.5 HDPE
6.6 PET/BOPET
6.7 PP/BOPP
6.8 CPP
6.9 PVC
6.10 PA/BOPA
6.11 OTHERS
7 INDUSTRIAL FILMS MARKET, BY END-USE INDUSTRY (Page No. - 60)
7.1 INTRODUCTION
7.2 AGRICULTURE
7.2.1 RISING DEMAND FOR FOOD DUE TO INCREASING POPULATION AND CLIMATE CHANGES WILL DRIVE THE DEMAND
7.2.2 IMPACT OF COVID-19 ON AGRICULTURE INDUSTRY
7.3 INDUSTRIAL PACKAGING
7.3.1 PREVENTION OF DAMAGE DURING TRANSPORTATION DRIVES THE DEMAND
7.3.2 IMPACT OF COVID-19 ON INDUSTRIAL PACKAGING INDUSTRY
7.4 CONSTRUCTION
7.4.1 PREVENTION OF DAMAGE TO FURNISHINGS FROM UV RAYS AND ENERGY CONSERVATION ARE THE DRIVING FACTORS
7.4.2 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY
7.5 MEDICAL
7.5.1 INCREASING DEMAND FOR FACE SHIELDS AND PPE KITS WILL DRIVE THE MARKET
7.5.2 IMPACT OF COVID-19 ON MEDICAL INDUSTRY
7.6 TRANSPORTATION
7.6.1 INCREASING DEMAND FOR PAINT PROTECTION FILMS TO DRIVE THE MARKET
7.6.2 IMPACT OF COVID-19 ON TRANSPORTATION INDUSTRY
7.7 OTHERS
8 INDUSTRIAL FILMS MARKET, BY REGION (Page No. - 75)
8.1 APAC
8.1.1 IMPACT OF COVID-19 ON INDUSTRIAL FILMS MARKET IN APAC
8.1.2 CHINA
8.1.2.1 Need to boost crop production and rapidly growing population to drive the market
8.1.3 INDIA
8.1.3.1 Rising demand for food is driving the demand for agricultural films
8.1.4 JAPAN
8.1.4.1 Increasing use of plastic films in the country is driving the market
8.1.5 SOUTH KOREA
8.1.6 INDONESIA
8.1.6.1 Expansion and establishment of new automobile production plants are driving the market
8.1.7 THAILAND
8.1.7.1 Growing construction industry of the country drives the market
8.1.8 REST OF APAC
8.2 EUROPE
8.2.1 IMPACT OF COVID-19 ON INDUSTRIAL FILMS MARKET IN EUROPE
8.2.2 GERMANY
8.2.2.1 Growing automotive industry, surge in residential construction, and investment in infrastructural developments are driving the demand
8.2.3 FRANCE
8.2.3.1 Increasing demand from domestic construction and electronics industries is driving the market
8.2.4 UK
8.2.4.1 Presence of a large number of automotive companies and growing construction industry to drive the market
8.2.5 ITALY
8.2.5.1 Application of mulch films in domestic agriculture industry driving the market
8.2.6 SPAIN
8.2.6.1 Rise in the production of automobiles to drive the demand
8.2.7 RUSSIA
8.2.7.1 Developments in public infrastructure and growing automobile industry are driving the market
8.2.8 TURKEY
8.2.8.1 Increase in adoption of greenhouse farming and growing automotive industry are driving the market
8.2.9 REST OF EUROPE
8.3 NORTH AMERICA
8.3.1 IMPACT OF COVID-19 ON INDUSTRIAL FILMS MARKET IN NORTH AMERICA
8.3.2 US
8.3.2.1 Increasing demand from the automotive industry is driving the market
8.3.3 MEXICO
8.3.3.1 Increasing infrastructure spending is driving the demand
8.3.4 CANADA
8.3.4.1 Increasing infrastructure investments and supportive government programs are driving the market
8.4 MIDDLE EAST & AFRICA
8.4.1 IMPACT OF COVID-19 ON INDUSTRIAL FILMS MARKET IN MIDDLE EAST & AFRICA
8.4.2 SAUDI ARABIA
8.4.2.1 Increasing demand for food due to rising population is driving the demand
8.4.3 UAE
8.4.3.1 Increasing demand from the construction industry is driving the market
8.4.4 SOUTH AFRICA
8.4.4.1 Growing automotive industry is increasing the demand
8.4.5 IRAN
8.4.5.1 Shifting of focus from vegetable farms to greenhouse farming is driving the growth
8.4.6 REST OF MIDDLE EAST & AFRICA
8.5 SOUTH AMERICA
8.5.1 IMPACT OF COVID-19 ON INDUSTRIAL FILMS MARKET IN SOUTH AMERICA
8.5.2 BRAZIL
8.5.2.1 Increasing adoption of greenhouse farming is boosting the market
8.5.3 ARGENTINA
8.5.3.1 Growing construction activities and government efforts to provide affordable houses are driving the demand
8.5.4 REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE (Page No. - 132)
9.1 OVERVIEW
9.2 MARKET RANKING ANALYSIS
9.3 COMPETITIVE SCENARIO
9.3.1 MERGERS & ACQUISITIONS
9.3.2 AGREEMENTS & JOINT VENTURES
9.3.3 NEW PRODUCT DEVELOPMENTS
9.3.4 EXPANSIONS
10 COMPANY PROFILES (Page No. - 139)
10.1 SAINT-GOBAIN
10.1.1 BUSINESS OVERVIEW
10.1.2 PRODUCTS OFFERED
10.1.3 RECENT DEVELOPMENTS
10.1.4 SWOT ANALYSIS: SAINT-GOBAIN
10.1.5 WINNING IMPERATIVES
10.1.6 CURRENT FOCUS AND STRATEGIES
10.1.7 THREAT FROM COMPETITION
10.1.8 RIGHT TO WIN
10.2 BERRY GLOBAL GROUP
10.2.1 BUSINESS OVERVIEW
10.2.2 PRODUCTS OFFERED
10.2.3 RECENT DEVELOPMENTS
10.2.4 SWOT ANALYSIS: BERRY GLOBAL GROUP
10.2.5 WINNING IMPERATIVES
10.2.6 CURRENT FOCUS AND STRATEGIES
10.2.7 THREAT FROM COMPETITION
10.2.8 RIGHT TO WIN
10.3 SKC CO., LTD
10.3.1 BUSINESS OVERVIEW
10.3.2 PRODUCTS OFFERED
10.3.3 SWOT ANALYSIS: SKC CO., LTD.
10.3.4 WINNING IMPERATIVES
10.3.5 CURRENT FOCUS AND STRATEGIES
10.3.6 THREAT FROM COMPETITION
10.3.7 RIGHT TO WIN
10.4 TORAY
10.4.1 BUSINESS OVERVIEW
10.4.2 PRODUCTS OFFERED
10.4.3 RECENT DEVELOPMENTS
10.4.4 SWOT ANALYSIS
10.4.5 WINNING IMPERATIVES
10.4.6 CURRENT FOCUS AND STRATEGIES
10.4.7 THREAT FROM COMPETITORS
10.4.8 RIGHT TO WIN
10.5 EASTMAN CHEMICAL COMPANY
10.5.1 BUSINESS OVERVIEW
10.5.2 PRODUCTS OFFERED
10.5.3 RECENT DEVELOPMENTS
10.5.4 SWOT ANALYSIS
10.5.5 WINNING IMPERATIVES
10.5.6 CURRENT FOCUS AND STRATEGIES
10.5.7 THREAT FROM COMPETITORS
10.5.8 RIGHT TO WIN
10.6 RKW SE
10.6.1 BUSINESS OVERVIEW
10.6.2 PRODUCTS OFFERED
10.6.3 MNM VIEW
10.7 3M
10.7.1 BUSINESS OVERVIEW
10.7.2 PRODUCTS OFFERED
10.7.3 MNM VIEW
10.8 MITSUBISHI CHEMICALS HOLDINGS CORPORATION
10.8.1 BUSINESS OVERVIEW
10.8.2 PRODUCTS OFFERED
10.8.3 MNM VIEW
10.9 DUPONT TEIJIN FILMS
10.9.1 BUSINESS OVERVIEW
10.9.2 PRODUCTS OFFERED
10.9.3 MNM VIEW
10.1 OTHER COMPANIES
10.10.1 TOYOBO
10.10.2 KOLON INDUSTRIES
10.10.3 POLYPLEX
10.10.4 ROGERS CORPORATION
10.10.5 SOLVAY
10.10.6 MITSUI CHEMICALS TOHCELLO
10.10.7 THE CHEMOURS COMPANY
10.10.8 COSMO FILMS
10.10.9 RAVEN INDUSTRIES
10.10.10 TREOFAN GROUP
10.10.11 DUNMORE CORPORATION
10.10.12 TRIOPLAST INDUSTRIER AB
10.10.13 JINDAL POLY FILMS
10.10.14 SIGMA PLASTICS GROUP
10.10.15 INTEPLAST GROUP
11 APPENDIX (Page No. - 177)
11.1 INSIGHTS FROM INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
11.4 AVAILABLE CUSTOMIZATIONS
11.5 RELATED REPORTS
LIST OF TABLES (100 Tables)
TABLE 1 INDUSTRIAL FILMS MARKET TO RECORD HIGH GROWTH BETWEEN 2020 AND 2025
TABLE 2 PROPERTIES AND APPLICATIONS OF BI-AXIALLY ORIENTED FILMS
TABLE 3 APPLICATIONS OF INDUSTRIAL FILMS
TABLE 4 TRENDS AND FORECAST OF GDP, BY KEY COUNTRY, 2016-2023 (USD MILLION)
TABLE 5 AGRICULTURE AS PERCENTAGE OF GDP, BY KEY COUNTRY, 2019
TABLE 6 NUMBER AND DISTRIBUTION OF PERSONS AGED 60 YEARS OR OVER, BY REGION, 2017 AND 2050
TABLE 7 INDUSTRIAL FILMS MARKET SIZE, BY FILM TYPE, 2018-2025 (USD MILLION)
TABLE 8 INDUSTRIAL FILMS MARKET SIZE, BY FILM TYPE, 2018-2025 (MILLION SQUARE METER)
TABLE 9 INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 10 INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 11 INDUSTRIAL FILMS MARKET SIZE IN AGRICULTURE, BY REGION, 2018-2025 (USD MILLION)
TABLE 12 INDUSTRIAL FILMS MARKET SIZE IN AGRICULTURE, BY REGION, 2018-2025 (MILLION SQUARE METER)
TABLE 13 INDUSTRIAL FILMS MARKET SIZE IN INDUSTRIAL PACKAGING, BY REGION, 2018-2025 (USD MILLION)
TABLE 14 INDUSTRIAL FILMS MARKET SIZE IN INDUSTRIAL PACKAGING, BY REGION, 2018-2025 (MILLION SQUARE METER)
TABLE 15 INDUSTRIAL FILMS MARKET SIZE IN CONSTRUCTION, BY REGION, 2018-2025 (USD MILLION)
TABLE 16 INDUSTRIAL FILMS MARKET SIZE IN CONSTRUCTION, BY REGION, 2018-2025 (MILLION SQUARE METER)
TABLE 17 INDUSTRIAL FILMS MARKET SIZE IN MEDICAL, BY REGION, 2018-2025 (USD MILLION)
TABLE 18 INDUSTRIAL FILMS MARKET SIZE IN MEDICAL, BY REGION, 2018-2025 (MILLION SQUARE METER)
TABLE 19 INDUSTRIAL FILMS MARKET SIZE IN TRANSPORTATION, BY REGION, 2018-2025 (USD MILLION)
TABLE 20 INDUSTRIAL FILMS MARKET SIZE IN TRANSPORTATION, BY REGION, 2018-2025 (MILLION SQUARE METER)
TABLE 21 INDUSTRIAL FILMS MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2018-2025 (USD MILLION)
TABLE 22 INDUSTRIAL FILMS MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2018-2025 (MILLION SQUARE METERS)
TABLE 23 INDUSTRIAL FILMS MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 24 INDUSTRIAL FILMS MARKET SIZE, BY REGION, 2018-2025 (MILLION SQUARE METER)
TABLE 25 APAC: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 26 APAC: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 27 APAC: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 28 APAC: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 29 CHINA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 30 CHINA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 31 INDIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 32 INDIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 33 JAPAN: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 34 JAPAN: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 35 SOUTH KOREA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 36 SOUTH KOREA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 37 INDONESIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 38 INDONESIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 39 THAILAND: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 40 THAILAND: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 41 REST OF APAC: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 42 REST OF APAC: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 43 EUROPE: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 44 EUROPE: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 45 EUROPE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 46 EUROPE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 47 GERMANY: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 48 GERMANY: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 49 FRANCE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 50 FRANCE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 51 UK: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 52 UK: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 53 ITALY: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 54 ITALY: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 55 SPAIN: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 56 SPAIN: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 57 RUSSIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 58 RUSSIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 59 TURKEY: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 60 TURKEY: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 61 REST OF EUROPE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 62 REST OF EUROPE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 63 NORTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 64 NORTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 65 NORTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 66 NORTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 67 US: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 68 US: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 69 MEXICO: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 70 MEXICO: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 71 CANADA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 72 CANADA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 73 MIDDLE EAST & AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 74 MIDDLE EAST & AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 75 MIDDLE EAST & AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 76 MIDDLE EAST & AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 77 SAUDI ARABIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 78 SAUDI ARABIA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 79 UAE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 80 UAE: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 81 SOUTH AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 82 SOUTH AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 83 IRAN: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 84 IRAN: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 85 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 86 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 87 SOUTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 88 SOUTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY COUNTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 89 SOUTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 90 SOUTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 91 BRAZIL: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 92 BRAZIL: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 93 ARGENTINA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 94 ARGENTINA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 95 REST OF SOUTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
TABLE 96 REST OF SOUTH AMERICA: INDUSTRIAL FILMS MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (MILLION SQUARE METER)
TABLE 97 MERGERS & ACQUISITIONS, 2017-2020
TABLE 98 AGREEMENTS & JOINT VENTURES, 2017-2020
TABLE 99 NEW PRODUCT DEVELOPMENTS, 2017-2020
TABLE 100 EXPANSIONS, 2017-2020
LIST OF FIGURES (39 Figures)
FIGURE 1 INDUSTRIAL FILMS: MARKET SEGMENTATION
FIGURE 2 INDUSTRIAL FILMS MARKET: RESEARCH DESIGN
FIGURE 3 MARKET NUMBER ESTIMATION
FIGURE 4 INDUSTRIAL FILMS MARKET: DATA TRIANGULATION
FIGURE 5 LLDPE SEGMENT TO BE THE LARGEST FILM TYPE BETWEEN 2020 AND 2025
FIGURE 6 AGRICULTURE END-USE INDUSTRY TO RECORD THE HIGHEST GROWTH BETWEEN 2020 AND 2025
FIGURE 7 APAC LED THE GLOBAL INDUSTRIAL FILMS MARKET IN 2019
FIGURE 8 INDUSTRIAL FILMS MARKET TO WITNESS RAPID GROWTH BETWEEN 2020 AND 2025
FIGURE 9 AGRICULTURE TO REGISTER THE HIGHEST GROWTH DURING THE FORECAST PERIOD
FIGURE 10 LLDPE WAS FASTEST-GROWING FILM TYPE IN THE MARKET
FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE INDUSTRIAL FILMS MARKET
FIGURE 12 INDUSTRIAL FILMS MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 13 LLDPE FILMS TO DOMINATE THE MARKET DURING FORECAST PERIOD
FIGURE 14 AGRICULTURE TO BE THE LARGEST END-USE INDUSTRY OF THE INDUSTRIAL FILMS MARKET
FIGURE 15 APAC TO BE THE FASTEST-GROWING MARKET IN THE AGRICULTURE SEGMENT
FIGURE 16 APAC TO BE THE LARGEST MARKET IN THE INDUSTRIAL PACKAGING SEGMENT
FIGURE 17 APAC TO BE THE LARGEST MARKET IN THE CONSTRUCTION SEGMENT
FIGURE 18 APAC TO BE THE LARGEST MARKET IN THE MEDICAL SEGMENT
FIGURE 19 APAC TO BE THE FASTEST-GROWING MARKET IN THE TRANSPORTATION SEGMENT
FIGURE 20 APAC TO BE THE FASTEST-GROWING MARKET IN THE OTHER END-USE INDUSTRIES SEGMENT
FIGURE 21 INDIA TO RECORD THE HIGHEST GROWTH DURING THE FORECAST PERIOD
FIGURE 22 APAC: INDUSTRIAL FILMS MARKET SNAPSHOT
FIGURE 23 EUROPE: INDUSTRIAL FILMS MARKET SNAPSHOT
FIGURE 24 NORTH AMERICA: INDUSTRIAL FILMS MARKET SNAPSHOT
FIGURE 25 MIDDLE EAST & AFRICA: INDUSTRIAL FILMS MARKET SNAPSHOT
FIGURE 26 SOUTH AMERICA: INDUSTRIAL FILMS MARKET SNAPSHOT
FIGURE 27 COMPANIES PRIMARILY ADOPTED MERGER & ACQUISITION AS THE KEY GROWTH STRATEGY BETWEEN 2017 AND 2020
FIGURE 28 INDUSTRIAL FILMS MARKET, 2019
FIGURE 29 SAINT-GOBAIN: COMPANY SNAPSHOT
FIGURE 30 BERRY GLOBAL GROUP: COMPANY SNAPSHOT
FIGURE 31 SKC CO., LTD: COMPANY SNAPSHOT
FIGURE 32 TORAY: COMPANY SNAPSHOT
FIGURE 33 TORAY: SWOT ANALYSIS
FIGURE 34 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
FIGURE 35 EASTMAN COMPANY: SWOT ANALYSIS
FIGURE 36 RKW SE: COMPANY SNAPSHOT
FIGURE 37 3M: COMPANY SNAPSHOT
FIGURE 38 MITSUBISHI CHEMICALS HOLDINGS CORPORATION: COMPANY SNAPSHOT
FIGURE 39 DUPONT TEIJIN FILMS: COMPANY SNAPSHOT
The study involved the estimation of the current size of the Industrial Film Market. Exhaustive secondary research was conducted to collect information about the market, the peer market, and the parent market, the impact of COVID-19 outbreak in the said market. This was followed by the validation of these findings, assumptions, and sizing with industry experts identified across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size.
Secondary Research
In the secondary research process, various sources such as Hoovers, Bloomberg Businessweek, Factiva, World Bank, and Industry Journals were used. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; and databases.
Primary Research
The industrial films market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. Developments in the industrial films market characterize the demand side. Market consolidation activities undertaken by manufacturers characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the industrial films market. These methods were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Industrial films: Bottom-Up Approach
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Industrial films : Top-Down Approach
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the industrial films market.
Report Objectives
- To define, describe, and forecast the industrial films market in terms of value and volume
- To provide detailed information about the key factors influencing the market growth, such as drivers, restraints, opportunities, and challenges
- To analyze and forecast the market size based on composition, chemistry, application, and technology
- To forecast the market size of five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America (along with the key countries in each region)
- To strategically analyze the micromarkets1 with respect to individual growth trends, growth prospects, and contribution to the overall market
- To analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
- To analyze the competitive developments, such as expansion, mergers & acquisitions, new product developments, and agreement) in the industrial films market
- To strategically profile the key players and comprehensively analyze their core competencies2
Note 1. Micromarkets are defined as subsegments of the Industrial films market included in the report.
: Core competencies2 of the companies are determined in terms of product offerings and business strategies adopted by them to sustain in the market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of a region with respect to a particular country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Industrial Films Market