Industrial Films Market worth $55.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Oct. 13, 2023 /PRNewswire/ -- The report "Industrial Films Market by Film Type (LLDPE, LDPE, HDPE, PET/BOPET, PP/BOPP, CPP, PVC, Polyamide/BOPA), End-Use Industry (Agriculture, Industrial Packaging, Construction, Medical, Transportation), & Region - Global Forecast to 2028", is estimated to be USD 43.1 billion in 2022 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 4.4% between 2023 to 2028. The rising demand from emerging economies and the growing trend toward sustainability are creating growth opportunities for the industrial films market. However, stringent environmental and government regulations and volatile raw material prices act as restraints to the growth of the global industrial films market.

Browse in-depth TOC on "Industrial Films Market"

234 – Tables

42 – Figures

228 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227835863

LLDPE film type is estimated to be the largest type of industrial film

The LLDPE film type account for the largest share in the overall Industrial films market. The LLDPE film type led the industrial films market in 2022, accounting for a share of 33.5% in terms of value. The demand for LLDPE industrial films is driven by their higher impact and tensile strength, low cost of manufacturing, and wide usage in end-use industries such as agriculture and industrial packaging.

Agriculture end-use industry to register highest CAGR during forecast period

In 2022, the agriculture industry led the demand for industrial films, accounting for a share of 26.3% of the overall market in 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.

Industrial films are widely used across industries. In the construction industry, industrial films have applications in flooring & insulation, waterproofing, cladding, reinforcement, and roofing. In the transportation industry, these films are installed on windows and bodies of vehicles to protect them from damaging environmental effects such as rain, snow, ultraviolet (UV) radiation, and scratches.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=227835863

The industrial films market size in Asia Pacific was USD 17.1 billion in 2022 and is projected to reach USD 24.0 billion by 2028, marking a CAGR of 5.82% during the forecast period. In 2022, North America and Europe accounted for a market share of 22.6% and 21.2%, respectively, in terms of value. The growth of the Asia Pacific market can be attributed to 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.

The global market for industrial films is dominated by players such as Saint-Gobain (France), Berry Global Group (US), SKC Co., Ltd (South Korea), Toray (Japan), Eastman Chemical Company (US), 3M Company (US), Mitsubishi Chemicals Holdings Corporation (Japan), RKW SE (Germany), and DuPont Teijin Films (US). Product launches and mergers & acquisitions are the key strategies adopted by the industry players to achieve growth in the industrial films market.

Browse Adjacent Market: Advanced Materials Market Research Reports & Consulting

Related Reports:

Agricultural Films Market - Global Forecast to 2028

Industrial Packaging Market - Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-film-market.asp

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-film.asp

Logo - https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets