SWOT Analysis

Strength: Industrial Film has three main strengths. It has excellent barrier properties that protect products from water vapor, gases, and odors. It is also highly durable and can withstand rigorous conditions during transportation and product lifetime. Industrial film is also cost-effective in terms of initial investment and total cost of ownership.

Weakness: High capital investment is required to set up industrial film manufacturing units. Supply chain issues caused due to pandemic also affected the consistent supply of industrial films.

Opportunity: Growth in end-use industries like packaging, construction etc. provides huge market opportunity. Increasing focus on sustainability and demand for biodegradable films also presents an opportunity for bio-based industrial films.

Threats: Stringent environment regulations around plastic waste management poses threats. Substitutes like paper, aluminum and glass can erode market share of industrial films.

Key Takeaways

The Global Industrial Film Market Size  is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing demand from packaging industry. Growth in e-commerce sector is driving the demand for high-quality packaging films to protect goods during transit.

Regional analysis Asia Pacific dominates the global industrial films market with a share of over 40%, led by China, India, Japan and other emerging economies. The region exhibits highest growth due to rapidly expanding manufacturing sector and high domestic consumption. North America and Europe are also major markets for industrial films owing to strong presence of end-use industries.

Key players operating in the Industrial Film market are Toray Plastics, 3M Company, Dupont Teijin Films, Eastman Chemical Company, SKC Co. Ltd., Solvay Group, Kolon Industries, The Chemours Company, Jindal Polyfilms, Polyplex, and Cosmo Films Limited. Leading players are focusing on capacity expansion, new product launch and mergers & collaborations to strengthen their market position.

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