Global Specialty and High-performance Films Market 2016-2020

Overview of the global specialty and high-performance films market

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.

Competitive landscape and key vendors

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 -

• 3M
• Bemis
• Covestro
• Honeywell
• Transilwrap

Segmentation by type and analysis of the specialty and high-performance films market

• Specialty films
• High-performance films

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.  

Segmentation by application and analysis of the specialty and high-performance films market

• Barrier films
• Decorative films
• Microporous films
• Safety and security films

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global specialty and high-performance films market?
• What are the key market trends impacting the growth of the global specialty and high-performance films market?
• What are the challenges to market growth?
• Who are the key vendors in the global specialty and high-performance films market?
• What are the market opportunities and threats faced by the vendors in the global specialty and high-performance films market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global specialty and high-performance films market?

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