Industrial Films Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Market is Segmented by Type (Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyamide, and Others), End-user Industry (Agriculture, Industrial Packaging, Building and Construction, Healthcare, Transportation, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Industrial Films Market Size

Industrial Films Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players

Industrial Films Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Industrial Films Market Analysis

The global market for industrial films is expected to register a CAGR of over 4% during the forecast period. The major factor driving the market studied is the increasing demand for packaging in the food industry. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

The agriculture industry is expected to dominate the industrial films market over the forecast period.

The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.

Industrial Films Industry Segmentation

The Industrial Films report includes:

Type
Linear Low Density Polyethylene (LLDPE)
Low-Density Polyethylene (LDPE)
High-Density Polyethylene (HDPE)
Polyethylene Terephthalate (PET)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyamide
Others
End-user Industry
Agriculture
Industrial Packaging
Building & Construction
Healthcare
Transportation
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Industrial Films Market Trends

This section covers the major market trends shaping the Industrial Films Market according to our research experts:

Increasing demand from Agriculture Industry

  • The usage of industrial films in the agricultural industry contributed to greater efficiency and crop productivity. Therefore, the use of industrial films in agriculture has significantly increased.
  • Industrial films have several applications in the agriculture industry for farming and gardening, which include a greenhouse, silage, mulching, walk-in tunnel, and low tunnel covers, among others.
  • Acceleration of the development of agricultural information technology and the construction of innovative agricultural production and business models on the basis of smart agriculture has been promoting the development of the agricultural sector in recent times.
  • A rapidly growing population all over the world is fueling the growth of the agriculture industry. Countries, such as China, the United States, India, Brazil, are the top agricultural producing countries globally. The use of industrial films in agriculture is rapidly growing in these countries.
  • Therefore, the demand for industrial films from the agriculture industry across the globe is expected to grow during the forecast period.
Industrial Films Market, Revenue (%), by End-user Industry, Global, 2019

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.
  • Growing agriculture, building and construction, packaging industries in Countries, such as China, India, and Japan. are expected to drive the demand for industrial films in the region during the forecast period.
  • China is ranked as the top agricultural production country in the world. The agriculture sector in the country has been growing rapidly in recent times. Additionally, the government has been taking initiatives for the establishment of international cooperation to push forward green development in the agricultural industry and rural regions through the advancement of science and technology.
  • The packaging industry in China has been witnessing exponential growth, with the increasing trend of express deliveries. Additionally, with the growth in industrial and FMCG products, the packaging demand has been increasing in the country, which is expected to further boost the demand for the market studied in the coming years.
  • India is one of the largest producers of agriculture products globally. Growing demand for wheat, rice, fruits and vegetables, sugarcane, cotton, and oilseeds, along with rising urban and rural incomes, are boosting Indian agriculture production.
  • Furthermore, with the rapid increase in population across China, India, and Japan, among others, the demand for construction is expected to increase, which, in turn, may augment the usage of industrial films in the construction activities considerably.
  • Hence, the growing end-user industries are expected to boost the demand for industrial films in countries of the Asia-Pacific region over the forecast period.
Industrial Films Market - Growth Rate by Region, 2020-2025

Industrial Films Industry Overview

The global industrial films market is partially fragmented in nature. The major companies of the market studied include Saint-Gobain Performance Plastics, Toyobo Co. LTD, Solvay, Sigma Plastics Group, and Mitsui Chemicals Tohcello.Inc., among others.

Industrial Films Market Leaders

  1. Saint-Gobain Performance Plastics

  2. Toyobo Co., LTD.

  3. Solvay

  4. Sigma Plastics Group

  5. Mitsui Chemicals Tohcello.Inc.

*Disclaimer: Major Players sorted in no particular order

Industrial Films Market Concentration

Industrial Films Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Packaging in Food Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Linear Low Density Polyethylene (LLDPE)

      2. 5.1.2 Low-Density Polyethylene (LDPE)

      3. 5.1.3 High-Density Polyethylene (HDPE)

      4. 5.1.4 Polyethylene Terephthalate (PET)

      5. 5.1.5 Polypropylene (PP)

      6. 5.1.6 Polyvinyl Chloride (PVC)

      7. 5.1.7 Polyamide

      8. 5.1.8 Others

    2. 5.2 End-user Industry

      1. 5.2.1 Agriculture

      2. 5.2.2 Industrial Packaging

      3. 5.2.3 Building & Construction

      4. 5.2.4 Healthcare

      5. 5.2.5 Transportation

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Cosmo Films Ltd

      2. 6.4.2 Dunmore

      3. 6.4.3 Inteplast Group

      4. 6.4.4 Jindal Poly Films

      5. 6.4.5 Kolon Industries

      6. 6.4.6 Mitsui Chemicals Tohcello.Inc

      7. 6.4.7 Polyplex

      8. 6.4.8 Raven Industries Inc.

      9. 6.4.9 Saint-Gobain Performance Plastics

      10. 6.4.10 Sigma Plastics Group

      11. 6.4.11 Solvay

      12. 6.4.12 Toyobo Co. LTD

      13. 6.4.13 Treofan Group

      14. 6.4.14 Trioplast Industrier AB

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Industrial Films Market Research FAQs

The Industrial Films Market is studied from 2018 - 2028.

The Industrial Films Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Saint-Gobain Performance Plastics , Toyobo Co., LTD., Solvay, Sigma Plastics Group, Mitsui Chemicals Tohcello.Inc. are the major companies operating in Industrial Films Market.

Industrial Films Industry Report

Statistics for the 2023 Industrial Films market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Films analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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