The Global Industrial Films Market is projected to reach a value of over USD 52.7billion by 2027 at a CAGR of around 4.3%.
Plastic films manufactured form use of polymeric material is known as industrial films. These films are primarily used as packaging films by various industries such as agriculture, building & construction, healthcare, transportation, and others. Prevention of product damages, increase transportation efficiency, increases the shelf life of perishable goods are some of the major advantages offered to the end-use industries.
Market Driver:
The use of industrial films in the agriculture industry is increasing significantly owing to its contribution towards greater efficiency and crop productivity. Industrial films are used in gardening and farming applications which includes mulching, silage, greenhouse, low tunnel cover, walk-in tunnel, and others. These films help to improve crop productivity and quality by increasing soil temperature, providing nutrients, minimizing soil erosion, enabling seed generation, suppressing the growth of weed, and providing protection from the weather. Owing to these benefits, agriculture films are gaining popularity across the globe. Moreover, acceleration in the innovation of agriculture production & business model on basis of smart agriculture and development in agriculture information technology has been promoting the development of agriculture sector. Thus, increasing demand for industrial films formsthe agriculture industry across the globe has expected to surge the demand for the product market.
Market Restraints:
Several regulations and acts have been implemented by various governing bodies across the globe against recycling plastic material and plastic waste. For instance,the Solid Waste Disposal Act, the Resource Conservation & Recovery Act, and the Ocean Dumping Act are some of the environmental laws for recycling of plastic materialsimposed by the U.S. government. Moreover, China imposed ‘Operations Green Fence’ in 2012 which aimed at banning improper plastic recycling practices leading to environmental pollution. Thus, such stringent environmental and government regulations may hinder the growth of industrial films during the forecasted period.
The report on the industrial filmsmarket covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million), Volume (Million Square Meter) |
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Segments Included |
Type, End-user Industry, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Industrial Films Market, by Type
Industrial Films Market, by End-user Industry
Industrial Films Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INDUSTRIAL FILMS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
