Global Specialty Films Market 2020-2030

Global specialty films market will reach $54.12 billion by 2030, growing by 5.4% annually over 2020-2030 owing to robust and high tensile packaging application, increasing demand for the product in various industry verticals, and the development of technologically advanced materials. Some of the key factors driving the growth of the specialty film market are the growing demand from end-use industries, such as food & beverage and cosmetics & personal care, and the availability of raw materials. Additionally, the increasing use of specialty films in packaging applications is another factor that is expected to drive the growth of the market.

Specialty films are used in food and beverage packaging for their barrier properties, which protect the contents from oxygen, moisture, and other environmental factors. They can also extend the shelf life of packaged foods by keeping them fresher for longer. In addition, specialty films can provide tamper-evident packaging that helps to ensure the safety of food products.Specialty films are used in a wide range of cosmetic and personal care applications due to their unique properties. For example, barrier films can be used to create packaging that is impermeable to oxygen and moisture, which is essential for products such as makeup and skincare items that are susceptible to spoilage. Additionally, conductive films can be used in electronics applications such as smart makeup mirrors that use sensors to detect the user's skin type and provide customized recommendations. Greenhouse covers, mulch films, and silage bags are all specialized films that are utilized in a variety of agricultural processes. Greenhouse covers help to maintain the temperature and humidity levels within the greenhouse, while mulch films aid in moisture retention in the soil. Silage bags are used to store plant residues for future use as animal feed. Furthermore, specialty film can be utilized in a variety of other applications, including agricultural packaging. Primary and secondary packaging are two types of agricultural packaging. The research and development related to the development of bio-degradable and recyclable plastic materials are estimated to generate numerous opportunities for the market. On the flip side, the stringent regulations on the usage of plastic materials is projected to pose as a major challenge to the growth of the specialty films polymer market. Currently, the barrier film segment dominates the global market by product type. Specialty and high-performance barrier films provide ultra-high oxygen barrier properties, flex crack, and thermal resistivity and various other functional benefits. Properties, such as superior gas and water vapor barrier performance helps to protect the products from any form of deterioration, such as corrosion, rotting, moisture absorption, drying, and oxidation. The global specialty and high performance films market is moderately consolidated as the majority of the market share is divided among few players. The research and development related to the development of bio-degradable and recyclable plastic materials are estimated to generate numerous opportunities for the market. On the flip side, the stringent regulations on the usage of plastic materials is projected to pose as a major challenge to the growth of the specialty films polymer market. Asia-Pacific accounted for the largest market in the specialty and high-performance films market, in the past few years. The growing packaging industry, increasing automotive production, massive electronics production industry in China and India and the growing construction industry in various countries in the Asia-Pacific region is driving the market studied in the Asia-Pacific region.

Covid-19 Impact 
For all the companies and the production and manufacturing divisions they were linked with, the pandemic was a novel but strange experience. The government's lockdown compelled individuals to stay inside and halted the delivery of the target audience's orders. As a result, the size of the speciality film market also shrank in the pandemic year of 2020.But as the limitations are being lifted, market delivery is starting to resume its normal course. This will have a favourable effect on market operations from 2021 to 2028, according to the forecast. Flexibility and the availability of dynamic resistance against gases like oxygen, and external elements like water and light are the major functions of the major that promise good growth during the forecast period. High barrier films, as a part of the global market, are experiencing a surge as they are predominantly being used for packing commodities and hence, restore the market operations post the COVID-19 era.

Highlighted with 80 tables and 78 figures, this 162-page report “Global Specialty Films Market 2020-2030 by Resin (Polyester, Nylon, Polyolefin, Fluoropolymer), Function (Barrier, Safety, Conduction), Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global specialty films market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. 

In-depth qualitative analyses include identification and investigation of the following aspects:
   • Market Structure 
   • Growth Drivers 
   • Restraints and Challenges
   • Emerging Product Trends & Market Opportunities
   • Porter’s Fiver Forces

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Manmayi Raval

Research Consultant

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global specialty films market in every aspect of the classification from perspectives of Resin, Function, Industry Vertical, and Region. 

By Resin
     • Polyester
     • Nylon
     • Polyolefin
     • Fluoropolymer
     • Polyacrylamide
     • Polyimide
     • Other Resins

By Function 
     • Barrier
     • Safety and Security
     • Conduction and Insulation
     • Microporous Function
     • Decorative Function
     • Other Functions

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By Industry Vertical
     • Packaging
     • Transportation
     • Construction
     • Personal Care
     • Electrical and Electronics
     • Medical Industry
     • Other Industry Verticals

By Geography
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2020-2030. The breakdown of all regional markets by country and split of key national markets by Resin, Function, and Industry Vertical over the forecast years are also included.

Specifically, potential risks associated with investing in Asia Pacific specialty films market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players

Key Players (this may not be a complete list and extra companies can be added upon request): 
3M, Akzo Nobel NV, Avery Dennison, Bemis Co., Inc., Covestro AG, DuPont Teijin Films, Evonik Industries AG, Honeywell International Inc., Inteplast Group, KANEKA Corporation, Kuraray America Inc., SABIC, SKC, The Chemours Company, Toray Industries Inc., UBE Industries Ltd.,  

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)