Specialty Films Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 47401 Report Format: PDF + Excel

Specialty Films Market Overview

Specialty Films Market size is expected to reach a value of $48.19 billion by 2026 and is set to grow at a CAGR of 5.6% during the forecast period from 2021-2026. The increase in the demand from the packaging industry is one of the significant factors driving the specialty films market. There has been a surging demand from the food packaging industry for films like polyvinylidene chloride, which is one of the modified plastic films that is used as a clear and flexible food wrap. Ethylene vinyl alcohol, a type of copolymer is also widely used for atmosphere packaging in the food packaging industry. Furthermore, specialty films such as fluoropolymers are also used in insulation of wires and polyamides for a wide range of applications in the automobile industry, textile industry, and others. Polycarbonate, a type of polymer is widely used in the optical industry. The increase in demand for various applications and the growth of end-use industries is driving the specialty films market.

COVID-19 impact

During the Covid-19 pandemic, the specialty films market witnessed a sharp decline in growth in terms of production, sales, marketing, and distribution. There were shutdowns and bans across various countries owing to the global pandemic covid-19. The restrictions in the trading activities such as exports and imports across the world hugely impacted the specialty films market. However, the specialty films market saw a considerable amount of growth during the end of the year 2020 and is set to improve further during the year 2021.

Specialty Films Market Report Coverage

The report: “Specialty Films Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Specialty Films Industry.

By Resin Type: Polyester, Nylon, Polycarbonates, Fluoropolymers, Polyimides, and Polyolefin
By Product Type: Barrier Films, Safety & Security Films, Decorative Films, Microporous Films, and Insulation Films
By End-Use Industry: Packaging Industry, Transportation, Building and Construction, Agriculture Industry, Healthcare and Pharmaceutical Industry, Personal care and cosmetics, Electrical and Electronics, and Others.
By Geography: North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • The Asia-Pacific region held the largest share in the specialty films market owing to an increase in the demand for packaging especially from the food industry and pharmaceutical industry.
  • The increase in the demand for atmosphere packaging such as ethylene vinyl alcohol from food packaging industry is one of the significant factors driving the specialty films market.
  • Specialty films such as high-performance films are also used in windows and other applications in the building and construction industry. This is driving the demand for specialty films market.
  • Though the specialty films market witnessed a decline in the growth during the COVID-19 pandemic. However, the growth of the specialty films market will improve by the next year 2021.

FIGURE: Asia-Pacific Specialty Film Market Revenue, 2020-2026 (US$ Billion)

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Specialty Films Market Segment Analysis – By Resin Type

Polyester segment held the largest share of 38% in the specialty films market in the year 2020. Polyester is widely used in various applications ranging from textiles, automobile, electrical and electronics and various other applications. Polyester provides various advantages such as strength and lightweight, which is increasing the demand for polyester. This is majorly driving the polyester segment in the specialty films market. According to European Association for Textile Polyolefins, the world production of polyester yarns was valued at 40760 tonnes during 2019, at an annual increase of more than 3% from the previous year production. This is one of the main factors driving the demand for polyester segment in the specialty films market.

Specialty Films Market Segment Analysis – By Product Type

Barrier films segment held the largest share of 43% in the specialty films market in the year 2020. Barrier films are modified plastic films that are used for air tight packing in the food industry. The increase in the demand for packaging food is one of the significant factors driving the demand for packaging in the food industry. According to Food and Agriculture Organization of the United Nations, the world export of food items increased during the year 2020, in spite of the global pandemic. Export of cereals increased to 433 million tonnes during the year 2020 from 423.7 million tonnes during 2019 at a rate of 2.1%; export of wheat increased to 177.5 million tonnes during the year 2020 from 175.1 million tonnes during 2019 at a rate of 1.3%; export of grains increased to 207.9 million tonnes during the year 2020 from 203.7 million tonnes during 2019 at a rate of 2.06%, and export of meat increased to 36985 thousand tonnes during the year 2020 from 36115 thousand tonnes during 2019 at a rate of 2.4%. The increase in the exports of food articles is increasing the demand for barrier films or modified plastic films in the specialty films market.

Specialty Films Market Segment Analysis – By End-Use Industry

Packaging industry held the largest share of 40% in the specialty films market in the year 2020. Specialty films are widely in the food packaging industry for atmosphere packaging. It is also used in various other applications such as consumer good, electronics and other applications. The increase in the demand for safe delivery of product, be it food or electronics, is one of the significant factor increasing the demand for modified plastic films. According to the recent data from World Packaging Organization (WPO), a global organization and regulatory body of the packaging industry, the annual turnover of the global packaging industry crossed the value of US$500 billion during the year 2019. This is further driving the demand for specialty films from the packaging industry.

Specialty Films Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 42% in the specialty films market in the year 2020. The rapid growth of key-use industries such as food industry, electronics & electrical industry and automobile industry in countries like South Korea, India and China coupled with the increase in the population is driving the specialty films market in the Asia Pacific region. According to International Data Corporation of China, by 2021 the information and communication technology industry of China is projected to reach US$8.1 trillion representing 55% of China’s GDP. This will increase the demand for polycarbonates, which is majorly used in optical fibers. According to Indian Brand Equity Foundation, electronic goods export between April 2020 to March 2021 was valued at US$11.11 billion and for the month of March 2021 it was US$1.40 billion. According to United Nations COMTRADE database, even though during the pandemic in the year 2020, the exports of electrical, electronic equipment in Japan was valued at US$102.55 billion, with only a slight decrease from the previous year. This is increasing the demand for specialty films market in the region.

Specialty Films Market Drivers  

Growth of the construction sector

The increase in the growth of the building and construction sector across the globe is one of the significant factors driving the specialty films market. Specialty films like high-performance films are widely used in the construction sector as window films, door sheets, frame sheets and other applications. Therefore, the increase in the growth and number of activities in the building and construction sector is driving the demand for specialty films market. According to the World Bank, the cost of expenditure in the construction industry across the world was estimated to reach US$11.9 trillion in the year 2020, which is an increase of 4.2% as compared to the previous year expenditure. This will further increase the demand for high performance films/specialty films from the building and construction sector.

Growing pharmaceutical industry

The growth in the pharmaceutical industry is contributing to the growth of the specialty films market. Specialty films such as modified plastic films and polyvinylidene chloride is used in the packaging of drugs and medicines in the pharmaceutical industry. According to the latest report published by European Federation of Pharmaceutical Industries and Associations, the pharmaceutical industry is growing and developing in the emerging and developed countries. During the period 2014-2019, the Brazilian pharmaceutical industry increased by 11.2%, Chinese pharmaceutical industry grew by 6.9% and the Indian pharmaceutical industry grew by 11.1%. Furthermore, during the year 2019, 48.7% North America contributed to 48.7% of the world pharmaceutical sales and Europe contributed to 22.9% of the sales. Therefore, the demand from the pharmaceutical industry has been increasing and is projected to increase further. 

Specialty Films Market Challenges

Harmful effects of polyester and other films

Polyester and other such specialty films are very dangerous to the environment and the human health. Polyester is said to have caused health deficiencies in humans, which can sometimes also be fateful. Polyester releases chemicals like phthalates into the air or when it comes in contact with human skin. The factories where these films are produced lets out toxins that decreases the air quality and makes it an unpleasant place for living beings to live. This is one of the major factors restraining the growth of the specialty films market.    

Specialty Films Market Industry Outlook

Facility expansion, product launch production expansion, investments, collaborations, partnerships, acquisitions and mergers are some of the key strategies adopted by players in the Specialty Films Market. Major players in the Specialty Films Market are Saudi Basic Industries Corporation, Covestro AG, Toray Industries Inc., DuPont Teijin Films, Honeywell International Inc., Berry Global Inc., Trico Specialty Films, Bemis Company Inc., Specialty Polyfilms Pvt. Ltd, Amcor Limited and Tufpak Inc. among others.

Acquisitions/Technology Launches

  • In June 2019 Amcor Limited acquired Bemis Company Inc. This acquisition facilitated in expanding Amcor Limited’s packaging segment in food, beverage, pharmaceutical, medical, home- and personal-care industry.

Relevant Reports

High-Performance Films Market – Forecast (2021 - 2026)

Report Code: CMR 46533

Global Polycarbonate Sheets and Films Market – Forecast (2021 - 2026)

Report Code: CMR 54860

Industrial Films Market – Forecast (2021 - 2026)

Report Code: CMR 62653

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1. Specialty Films Market- Market Overview
1.1 Definitions and Scope
2. Specialty Films Market - Executive Summary
    2.1 Key Trends by Product Type
2.2 Key Trends by Form
2.3 Key Trends by Application
2.4 Key Trends by End-Use Industry
2.5 Key Trends by Geography
3. Specialty Films Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Specialty Films Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Specialty Films Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Specialty Films Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Specialty Films Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Specialty Films Market – By Resin Type (Market Size -$Million/Billion)
8.1 Polyester
8.2 Nylon
8.3 Polycarbonates
8.4 Fluoropolymers
8.5 Polyimides
8.6 Polyolefin
9. Specialty Films Market – By Product Type (Market Size -$Million/Billion)
9.1 Barrier Films
9.2 Safety & Security Films
9.3 Decorative Films
9.4 Micro porous Films
9.5 Insulation Films
10. Specialty Films Market - By End-Use Industry (Market Size -$Million/Billion)
10.1 Packaging Industry
10.2 Transportation
10.3 Building and Construction
10.3.1 Residential construction
10.3.1.1 Independent homes
10.3.1.2 Row homes
10.3.1.3 Large apartment buildings
10.3.2 Commercial construction
10.3.2.1 Hospitals and Healthcare Infrastructure
10.3.2.2 Educational Institutes
10.3.2.3 Hotels and Restaurants
10.3.2.4 Banks and Financial Institutions
10.3.2.5 Airports
10.3.2.6 Hyper and Super Market
10.3.2.7 Shopping Malls
10.3.2.8 Others
10.3.3 Industrial Construction
10.4 Agriculture Industry
10.5 Healthcare and Pharmaceutical Industry
10.6 Personal care and cosmetics 
10.7 Electrical and Electronics
10.8 Others
11. Specialty Films Market - By Geography (Market Size -$Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherland
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zeeland
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of the Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Specialty Films Market – Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Specialty Films Market – Industry/Segment Competition Landscape Premium
13.1 Market Share at Global Level - Major companies
13.2 Market Share by Key Region - Major companies
13.3 Market Share by Key Country - Major companies
13.4 Market Share by Key Application - Major companies
13.5 Market Share by Key Product Type/Product category - Major companies
13.6 Company Benchmarking Matrix - Major companies 
14. Specialty Films Market – Key Company List by Country Premium Premium
15. Specialty Films Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"