Industrial Packaging Films Market was valued at USD 30 Billion in 2022 and is projected to reach USD 48 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
As we transition into 2023 and beyond, the outlook for the industrial packaging films market looks even more promising. The market is expected to experience a robust expansion, with a projected CAGR of 7-8% between 2023 and 2033. This growth is fueled by several key factors, including the increased demand for sustainable packaging solutions, the rise of e-commerce, and the continuous innovations in film technology. Key players in the market are focusing on developing bio-based, recyclable, and biodegradable films to meet the growing demand for eco-friendly packaging. The increased awareness of environmental issues, particularly plastic waste, has led to a surge in demand for alternative materials such as plant-based films and biodegradable polymers.
As industries such as food and beverage, pharmaceuticals, and personal care products continue to grow, the industrial packaging films market will benefit from new opportunities and trends. Additionally, the growing focus on minimizing carbon footprints and reducing plastic use is anticipated to shape the market dynamics. The advent of smart packaging solutions, including films with active and intelligent properties, is expected to play a critical role in transforming the industry. These developments will ensure that the industrial packaging films market remains dynamic, evolving with new challenges and opportunities in the coming decade.
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The industrial packaging films market has undergone significant changes from 2018 to 2022, driven by advancements in technology, shifting consumer demands, and evolving regulations. The demand for these films was primarily focused on enhancing packaging performance, extending shelf life, and promoting sustainability. These factors have paved the way for various innovations, particularly in food packaging, pharmaceuticals, and consumer goods. The rising need for lightweight, durable, and eco-friendly materials has accelerated the growth of the market, especially in regions like North America and Europe. In 2022, the global industrial packaging films market was valued at approximately $45 billion, with a strong compound annual growth rate (CAGR) of 6% between 2018 and 2022.
DuPont Teijin Films
Saint-Gobain
3M
SKC
Inc.
Mitsubishi Chemical
Hipac
RKW Group
Korozo Packaging
PolifilmUAB Umaras
DUO Plast AG
CMB Barberan
Eredi Caimi
Sunkey
ISOFlex Packaging
Malpack
Amtopp
Specialty Polyfilms India
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Packaging Films Market
Food and Beverages
Papermaking
Chemical
FMCG
Architecture and Construction
Others
Based on Types the Market is categorized into Below types that held the largest Industrial Packaging Films market share In 2023.
Shrink Films
Stretch Films
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Packaging Films Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Packaging Films Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Packaging Films Market, By Type
6. Global Industrial Packaging Films Market, By Application
7. Global Industrial Packaging Films Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Packaging Films Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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