Specialty Films Market to Face a Significant Slowdown in 2020, as COVID-19 Sets a Negative Tone for Investors
VALLEY COTTAGE, N.Y. – Packaging is widely observed as one of the largest marketplace, with products finding applications in several industrial verticals. Specialty films remains a key commodity in the packaging world, and advent of new products entails the use of advanced packaging films. Specialty films are being predominantly used in the packaging of bioactive and biodegradable products, while companies from every industrial sector are actively adopting packaging solutions that enable them in creating an isolated environment for their products.
A new forecast study by Future Market Insights reveals such trends will continue to drive the demand for specialty films globally. According to the findings from the report, the global specialty films market is poised to expand at a CAGR of 4.9%, representing steady revenue growth during the forecast period, 2017-2026. The study projects that by the end of 2026, more than US$ 56 Bn worth of specialty films will be sold across the globe.
Download the sample copy of Report with table of contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5938
High Demand for Barrier Films; Conductive Films to Register Fastest Sales
In terms of products sold in the global specialty films market, barrier films are pegged to incur highest share on global market value. In 2017, more than US$ 18 Bn worth of barrier films are estimated to be sold in the global specialty films market. While the demand for anti-fog films is likely to dwindle towards the latter half of the forecast period, the report projects that conductive films will register rapid sales through 2026. Over the forecast period, conductive films are expected to register a value CAGR of 7.1%.
Preview Analysis of Specialty Films Market: Barrier Films to Represent Leading Product-Type Segment through 2026: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2026) – https://www.futuremarketinsights.com/reports/specialty-films-market
APEJ to Dominate Global Specialty Films Market
A regional forecast on the global specialty films market has been provided in the report, which reveals that the Asia-Pacific excluding Japan (APEJ) region will register highest sales of specialty films. The report further reveals that Europe and APEJ will be representing the leading markets for specialty films, followed by North America. Higher presence of food and beverage companies in the APEJ and Europe regions is expected to drive the sales of specialty films, pertaining to their greater end-use in these regions. Over the forecast period, the APEJ specialty films market is likely to expand at the highest CAGR of 7%, while sales of specialty films in European countries will attain a sub-par growth.
Further analysis from the report reveals that food & beverage industry will remain the largest end-user of specialty films. Throughout the forecast period, more than two-fifth of specialty films sold in the global market will be used for packaging of food items and beverages. The report also reveals that a majority of specialty films being produced in the global market will be made of polyethylene materials. Low density of PE specialty films, coupled with their abilities in terms of water and thermal resistance and durability, will drive their sales globally through 2026.
Buy this report @ https://www.futuremarketinsights.com/checkout/5938
Key Manufacturers of Specialty Films
The study has profiled leading manufacturers of specialty films, which include Bemis Company, The Mondi Group, Koninklijke DSM N.V., Amcor Ltd., Borealis AG, Selenis Portugal S.A, Sealed Air Inc., Saudi Arabia Basic Industries Corporation (SABIC), 3M Company, and Bischof + Klein SE & Co. With increasing presence of packaging industries in the APEJ region, the global specialty films production is likely to remain concentred in this region. Manufacturers of specialty films are expected to put more efforts towards improving the chemical resistance of packaging films across multiple applications.
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-5938
More from Packaging Insights –
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Mr. Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44-(0)-20-7692-8790
Press Office: Press@futuremarketinsights.com
Blog: Market Research Blog