Enjoy complimentary customisation on priority with our Enterprise License!
The global specialty and high-performance films market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The increasing demand for packaged food products from various developing countries will drive the growth prospects of the global specialty and high-performance films market. Some of the factors driving growth in these economies include new methods of food packaging, improved barrier properties, demand from food and beverages industries, and the need for better packaging of personal care products. Also, the demand for packed ready-to-eat food products and microwaveable products among the consumers is increasing, which results in the growing acceptance of high-performance films products. Some of the chief contributors to the market include India, China, and Brazil. Moreover, establishing new production units in these countries is quite inexpensive and the availability of skilled labor in these economies is cost effective, as a result of which, the vendors are encouraged to invest in the market.
In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the market during the forecast period. Some of the factors leading to market growth in this region includes low production costs and the easy availability of workforce. Also, the key vendors are increasingly shifting their operating bases to developing nations such as India and China to gain a competitive advantage over their peers.
The market is highly fragmented with the presence of regional as well as global players. In this market, vendors are competing on the basis of price, which, in turn, is leading to price wars. To expand market presence, the major vendors are investing in R&D for product and technological developments. The local vendors are providing products at a lower price, which compels the international players to differentiate their products from other peers’ products.
Key vendors in this market are -
The high-performance segment of the market accounted for the maximum market share during 2015 and will continue to dominate the market during the forecast period. High-performance films are highly applicable in areas such as the aerospace, automotive, electrical and electronics, construction industries, and those that are governed by the packaging industry. Factors such as the prevalence of these industries in growing economies and the ever-increasing population are anticipated to fuel the growth prospects for the global high-performance films market.
Barrier films segment of the market accounted for the maximum market share during 2015 and will continue to dominate the market during the forecast period. Barrier and ultra-barrier films are manufactured using thermoplastic resins, which has a wide range of shielding properties. The increasing focus on improving the shelf life of perishable food products without compromising the quality of food products results in the increasing demand for barrier films. Barrier films also provide improved protection properties to preserve meat, cheese, sea food, and other frozen food varieties.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by application
PART 08: Market segmentation by product
PART 09: Market segmentation by end-user
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
PART 19: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.