Industrial Films are widely used in the end user industries such as agriculture, food, transportation, and packaging among others. The global industrial films market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading, owing to the growing urbanization and industrialization in the developing countries if the region. The major countries attributing to this growth are India and China. The presence of the agrarian economies has augment the use of industrial films owing to its ability in enhancing higher yield and minimization of soil erosion. In addition to this, the growing demand for industrial films in the packaging of electronics and pharmaceuticals is also adding to the market growth.
North America is a dominant region in the market of Industrial Films and is expected to retain its dominance during the forecast years. The developed end user industry coupled with the increasing adoption rate are the major factor driving the market growth. The growing investment in the construction sector mainly in U.S and Canada is further expected to surge the market growth during the forecast years. Furthermore, the growing demand for electronics and medical and pharmaceutical products has augmented the packaging industry which in turn will boost the market of Industrial Films in the region.
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European market of Industrial Films is set to grow at a steady pace during the forecast period. The presence of the developed automobile sector and the pharmaceutical industry are the major factor driving the market growth. Moreover, the reduction in arable land has surged the use of industrial films in the agricultural sector owing to its higher yield and excellent crop protection qualities.
Some of the prominent players operating in the Global Industrial Films Market are DuPont Teijin Films (U.S.), SKC Co., Ltd. (South Korea), 3M (U.S.), Toray Industries Inc. (Japan), Berry Global Inc. (U.S.), Saint-Gobain (France), Eastman Chemical Company (U.S), Mitsubishi Chemical Corporation (Japan), and RKW SE (Germany) among others.
The Global Industrial Films Market is segmented into product type and end user industry. On the basis of the product type, the market is segregated into linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate/bi-axially-oriented polyethylene terephthalate (PET/BOPET), polypropylene/bi-axially oriented polypropylene (PP/BOPP), cast polypropylene (CPP), polyvinyl chloride (PVC), polyamide/bi-axially oriented polyamide (BOPA), and others. The market by the end-user industry is further categorized into transportation, construction, industrial packaging, agriculture, medical and others
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