Industrial Films Market (By Type: Linear Low-density Polyethylene (LLDPE), Low-density Polyethylene (LDPE), High-density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyamide Others; By End-user Industry: Agriculture, Industrial Packaging, Building & Construction, Healthcare, Transportation, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global industrial films market size was USD 43.41 billion in 2023, calculated at USD 45.59 billion in 2024 and is expected to reach around USD 70.91 billion by 2033. The market is expanding at a solid CAGR of 5.03% over the forecast period 2024 to 2033.
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The Asia Pacific industrial films market size surpassed USD 17.80 billion in 2023 and is projected to attain around USD 29.43 billion by 2033, poised to grow at a CAGR of 5.15% from 2024 to 2033.
Asia Pacific held the dominant share of the industrial films market in 2023 and is expected to witness further growth during the forecast period. The region is observed to witness prolific growth during the forecast period owing to the increasing presence of major manufacturing hubs, increasing use of films for insulation purposes in the construction industry, the rising progress of industrialization, and the rise in economic growth are expected to contribute towards the growth of the market.
Additionally, the industrial films market has experienced an increasing demand for industrial films from developing countries such as China and India for agricultural purposes, which is anticipated to drive market growth in the region. Silo bags, silage sheets, mulch film, solarization film, and others are the different types of films used in agriculture to enhance crop productivity and achieve greater efficiency. Furthermore, the robust growth of the e-commerce sector is fuelling the demand for cost-effective and sustainable packaging materials. Thus, this is expected to propel the market growth in the region during the forecast period.
North America is expected to expand at a rapid pace in the industrial films market during the forecast period. The growth of the region is attributed to the presence of medical and healthcare infrastructure; industrial films are widely used in medical packaging, such as medical device packaging, sterile barrier systems, pharmaceutical packaging, and others. The use of these films ensures the sterility and safety of medical products. In addition, rising building & construction activities and the growth of the industrial packaging industries are significantly increasing the demand for industrial films in the region. Several key market players are investing in research and development to manufacture sustainable industrial films to meet the increasing demand from numerous end-user industries.
Industrial films are specialized plastics and are extensively used in a wide range of applications across various sectors, such as packaging, construction, agriculture, medical healthcare, and electronics. Industrial films are made from polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), polyethylene (PE), and other polymers, offering excellent and unique properties to meet industrial requirements.
Industrial films can be tailored according to the need and are highly resistant to chemical and harsh environmental conditions. Industrial films are cost-effective and lightweight, making them a suitable choice for various applications in industries. Industrial films can also be recyclable, which makes them a sustainable and environmentally friendly choice.
Report Coverage | Details |
Industrial Film Market Size in 2023 | USD 43.41 Billion |
Industrial Film Market Size in 2024 | USD 45.59 Billion |
Industrial Film Market Size by 2033 | USD 70.91 Billion |
Industrial Film Market Growth Rate | CAGR of 5.03% from 2024 to 2033 |
Largest Market | Asia Pacific |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | Type, End-user, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver: Rising demand from the agriculture industry
The growing demand from the agriculture industry is expected to boost the growth of the industrial films market during the forecast period. The rising use of silo bags, bale silage, mulch and fumigation film, greenhouse and tunnel film, and silage clamp films reduce the requirement for chemical fertilizers, herbicides, and pesticides which significantly enhances the crop productivity through more varieties, higher yields, and disease control. In addition, the rapid population growth is likely to propel the growth of the agriculture industry, which in turn increases the use of industrial films in agriculture. Thereby driving the market’s expansion in the coming years.
Restraint: Increasing risk of environmental damage
The increasing risk of environmental damage is anticipated to hamper the industrial films market growth. Industrial films are not biodegradable and can create pollution if they are not disposed of properly, which results in environmental damage. It is difficult to recycle industrial films if they are not clean and dry. In addition, these films can be punctured or torn easily, can be complex to work with, and require specialized tools for cutting and shaping, which may limit the adoption and expansion of the global industrial films market.
Opportunity
Growing demand for bi-axially oriented plastic films
The rising demand for bi-axially oriented plastic films is projected to offer significant growth opportunities to the industrial films market during the forecast period. The industrial films market has witnessed the increasing usage of bi-axially oriented plastic films in the packaging industry. BOPP films are one of the fastest-growing types of film and are well known for their durability, moisture resistance, strength, and transparency. BOPP Films is gaining momentum in food packaging industries globally owing to its superior moisture barrier properties, high clarity and graphic reproduction, seal ability, and extended shelf-life.
In food and beverage packaging, BOPP film is used to create different types of packaging, such as vacuum pouches, stand-up pouches, and side-gusseted bags. This packaging protects food and beverage products from damage during transportation and storage. BOPP film has a wide range of applications across many different industries, including food & beverage packaging, labeling and branding, laminating, tamper evident films, personal care product packaging, medical packaging, adhesive tape, agricultural films, and others. Thereby driving the industrial films market growth.
The linear low-density polyethylene (LLDPE) segment accounted for the dominating share of the industrial films market in 2023 due to its higher tensile strength. LLDPE Film is a versatile material and is well known for its excellent flexibility and toughness. Linear low-density polyethylene is widely used in various applications across several industries, such as food packaging, agricultural films, industrial packaging, and consumer product packaging, to protect from moisture, oxygen, and contaminants.
The low-density polyethylene (LDPE) segment is expected to witness significant growth in the industrial films market during the forecast period. Low-density polyethylene (LDPE) is extensively used due to its good clarity, chemical resistance properties, excellent moisture barriers, and superior flexibility. LDPE is commonly used in packaging, food & beverage, agriculture, and construction industries for various applications. Low-density polyethylene is often chosen for applications such as shipping sacks, construction and agricultural films, mattress bags, liners, grocery bags, and others. Such supportive factors driving the growth of the industrial films market in the coming years.
The agriculture segment held the largest segment of the industrial films market in 2023, owing to the increasing usage of industrial films for agricultural purposes. Industrial films provide a sustainable and cost-effective solution for boosting crop yields and safeguarding crops from harsh or severe weather conditions. Farmers are widely adopting these films, which makes them a crucial component of modern agriculture practices. Industrial films have several applications to increase efficiency and crop productivity in the agriculture industry for farming and gardening, which include a greenhouse, silage, mulching, small tunnels, and others. Thus bolstering the segment’s growth.
The industrial packaging segment is expected to grow significantly in the industrial films market during the forecast period. The increasing demand for packaged food products is expected to spur the demand for industrial films in the packaging industry. Industrial films are lightweight, cost-effective, and easy to transport and store, making them an ideal choice for packaging. Industrial films offer better flexibility and durability compared to conventional packaging. Industrial films are built with enhanced properties and offer high performance in terms of strength, durability, and chemical stability, along with continuous improvement in material technology, which is propelling the segment’s growth.
Segments Covered in the Report
By Type
By End-user
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Industrial Film Market
5.1. COVID-19 Landscape: Industrial Film Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Industrial Film Market, By Type
8.1. Industrial Film Market Revenue and Volume, By Type, 2024-2033
8.1.1 Linear Low-density Polyethylene (LLDPE)
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Low-density Polyethylene (LDPE)
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. High-density Polyethylene (HDPE)
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Polyethylene Terephthalate (PET)
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
8.1.5. Polypropylene (PP)
8.1.5.1. Market Revenue and Volume Forecast (2021-2033)
8.1.6. Polyvinyl Chloride (PVC)
8.1.6.1. Market Revenue and Volume Forecast (2021-2033)
8.1.7. Polyamide
8.1.7.1. Market Revenue and Volume Forecast (2021-2033)
8.1.8. Others
8.1.8.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Industrial Film Market, By End-user
9.1. Industrial Film Market Revenue and Volume, By End-user, 2024-2033
9.1.1. Agriculture
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Industrial Packaging
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Building & Construction
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
9.1.4. Healthcare
9.1.4.1. Market Revenue and Volume Forecast (2021-2033)
9.1.5. Transportation
9.1.5.1. Market Revenue and Volume Forecast (2021-2033)
9.1.6. Others
9.1.6.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Industrial Film Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.1.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.1.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.1.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.2.6.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.3.6.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.4.6.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.5.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.5.3.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, By Type (2021-2033)
10.5.4.2. Market Revenue and Volume Forecast, By End-user (2021-2033)
Chapter 11. Company Profiles
11.1. Cosmo Films Ltd
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Dunmore
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Inteplast Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. AbbJindal Poly Filmsot
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Kolon Industries
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Berry Global Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Dupont Teijin Films
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Jindal Poly Films
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. SKC Co. Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Toray Industries Inc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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