PUBLISHER: The Business Research Company | PRODUCT CODE: 1263170
PUBLISHER: The Business Research Company | PRODUCT CODE: 1263170
“Textile Films Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on textile films market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for textile films? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The textile films market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the textile films market are: RKW SE, Covestro AG, Berry Global Inc., Mitsui Hygiene Materials Co Ltd., Schweitzer-Mauduit International Inc., Toray Industries Inc., Jindal Poly Films, Chirpal Poly Film, Arkema S.A, American Polyfilm Inc., Dongying Gaolart Import & Export Co, Fatra A.S., Trioplast Industrier AB, Cosmo Films, and Nahar Polyfilms.
The global textile films market is expected to grow from $5.38 billion in 2022 to $5.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.56%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The textile films market is expected to reach $7.62 billion in 2027 at a CAGR of 6.88%.
The textile films market consists of sales of acrylics, nylon, and urethane. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The textile film refers to a material film, including polymers and advanced composites, with mechanical properties such as strength and flexibility. These films are designed to provide comfort properties such as water resistance, breathability, and lightweight. Textile films are used to enhance the comfort of the textiles to meet the demands of various industries such as packaging, medical or technical clothing.
Asia-Pacific was the largest region in the textile films market in 2022. The regions covered in the textile films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main type of textile films are breathable films and non-breathale films. The breathable film used in various application. Breathable film is a polymer-based film used in diapers and feminine hygiene products to regulate moisture. The textile films materials are polyethylene (PE), polyprorpylene (PP), polyurethane (PU), and others materials that are applied in hygiene, medical, sportswear, protective apparel, and others applications.
The rapidly growing urban population is expected to drive the demand for the textile film market going forward. Urbanization refers to the shifting of population to urban areas. The positive effects include economic development, accessibility to education and jobs and a higher quality of life, and more income. All these factors combined make it lucrative for people to spend on high-quality textiles which has led to the development of new textile films and techniques. According to the World Bank, an international financial institution, the urban population in South Asia is expected to grow by 250 million by 2030. According to a report by PricewaterhouseCoopers (PwC), a UK-based professional services company, By 2030, urbanization is anticipated to account for 60% of global population. Therefore, the rapidly growing urban population will promote the textile film market.
Technological advancement is a key trends gaining popularity in the textile film market. The major market players operating in the textile film market are focused on developing advanced technologies to strengthen their market position. For instance, in August 2020, ColorMasters, a US-based flexible film packaging company expanded new blown film extrusion assets to make Dri-Genic breathable film combined with state-of-the-art printing technology. It can be used in adult incontinence products, baby diapers, medical apparel, protective apparel, and feminine hygiene product.
In May 2022, Bemis Associates Inc., a US-based plastic fabrication company, acquired Protechnic for an undisclosed amount. With this acquisition, Bemis will be able to develop new and innovative items globally, notably in the United States, Europe, and Asia. Protechnic is a France-based company that manufactures adhesives and plastic printed films.
The countries covered in the Textile Films market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The textile films market research report is one of a series of new reports from The Business Research Company that provides textile films market statistics, including textile films industry global market size, regional shares, competitors with a textile films market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the textile films industry. This textile films market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.