Global Specialty and High-performance Packaging Films Market 2016-2020

Market overview of specialty and high-performance packaging films

Technavio’s market research analysts have estimated the global specialty and high-performance packaging films to grow steadily at a CAGR of more than 6% over the forecast period. The unique properties of packaging films, such as heat resistance, high tensile strength, puncture resistance, durability, and lighter packaging are expected to propel the demand for specialty and high-performance films in the coming years. Moreover, these films are print friendly and so can be used to improve the brand value of the products enclosed in them. The increasing adoption of thin and multilayer specialty films in the food and beverages industry will impel the growth prospects for this market over the predicted period.

One of the emerging trends driving this market’s growth is the increasing demand for biodegradable and soluble films. With the implementation of stringent environmental regulations and growing awareness about sustainable development among the consumers, the vendors are increasingly developing environmental-friendly specialty and high-performance packaging films. Therefore, an augmented demand for compostable packaging products and bags for organic waste is driving the demand for biodegradable packaging films.

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

• Specialty films
• High-performance films

The global specialty and films market dominated the market and accounted for a market share of more than 76% over the forecast period. The increasing adoption of polyester and nylon films by the food and beverages industry is one of the major factors impelling this segment’s growth over the forecast period.

Geographical segmentation and analysis of the specialty and high-performance films market

• APAC
• Europe
• North America
• ROW

The APAC region led the global specialty and high-performance films market and is anticipated to reach more than USD 13 billion by 2020. Factors such as consolidation in the specialty and high-performance packaging film industry and key players shifting their operating bases to developing nations like Indian and China to contribute to this market’s growth in APAC.

Competitive landscape and key vendors

The global specialty and high-performance films market is highly competitive and is characterized by rapid technological transformations. The market has the presence of both well-diversified global and regional vendors; however, the regional providers find it difficult to compete with international vendors in terms of product features and price.

 Key vendors in this market are -

• Amcor
• Covestro
• Dow Chemical
• DuPont
• Honeywell International
• Sealed Air

Other prominent vendors analyzed in this report are 3M, AEP Industries, Bemis, Eastman Chemical, Evonik Industries, Griffon, Jindal Poly Films, Kaneka, Sigma Plastics Group, Sonoco, and The Chemours Company.

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 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?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of global specialty and high-performance films market?

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