According to TechSci Research report, “Industrial Films Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Industrial Films Market stood at USD 42.65 billion in 2022 and is anticipated to grow with a CAGR of 4.05% in the forecast period, 2023-2028. The initiatives taken by the government based on Industrial Films have led to favorable market conditions for the Global Industrial Films Market. Several factors contribute to the growth of various Industrial Films products.
Government initiatives worldwide are increasingly recognizing the critical role of industrial films, with a particular emphasis on sustainability and diversity. These forward-thinking initiatives span across different sectors, including film and media arts, television, and national film industries, and aim to foster a thriving and inclusive creative ecosystem.
Recently announced by Chicago’s Mayor Lightfoot and the Department of Cultural Affairs and Special Events (DCASE), this groundbreaking initiative aims to bolster and revitalize Chicago’s TV and film industry. By providing comprehensive support and resources, including infrastructure development, talent cultivation, and promotional campaigns, this initiative seeks to position Chicago as a premier destination for film and television production.
Governments across the globe are actively supporting their national film industries through a range of policies and institutions. These strategic initiatives often include financial backing, such as funding and incentives, to not only ensure the sustainability of the industry but also to maintain state influence over cinematic production. By investing in their domestic movie industries, governments are fostering cultural expression, driving economic growth, and preserving their unique storytelling traditions.
Demonstrating their commitment to the growth and development of the domestic movie industry, the Chinese government has pledged a substantial annual investment of 1 billion yuan ($163 million). This significant financial support aims to facilitate the production of high-quality films, nurture talent, and further elevate the global reputation of Chinese cinema as a powerhouse in the international film landscape.
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Extensive research and development (R&D) efforts have paved the way for numerous advancements in industrial film technology. These advancements encompass a wide range of improvements, including the development of exceptionally durable films that can withstand harsh conditions, films with superior barrier properties that effectively protect contents from moisture and oxygen, and films with enhanced aesthetic appeal that cater to evolving consumer preferences. As a result, the scope of applications for industrial films has significantly expanded, leading to a surge in demand across various sectors.
In line with the growing importance of sustainability in today’s world, dedicated researchers are actively working on developing eco-friendly and biodegradable industrial films. These innovative films, often crafted from bio-based polymers derived from renewable sources, possess the remarkable ability to decompose naturally over time, greatly minimizing their environmental impact. This significant breakthrough not only fosters market growth but also aligns the industry with global sustainability goals, promoting a greener and more sustainable future for all.
The Global Industrial Films Market is segmented into material, end user, regional distribution, and company
Based on its end user, the agriculture segment held the largest share of the market. In the field of agriculture, traditional methods have been predominantly employed for a long time. However, emerging countries are yet to catch up with the scientific advancements in agricultural practices. Nevertheless, there is a noticeable increase in the adoption of scientific means in agriculture, as farmers and researchers alike recognize the benefits they offer. Apart from agriculture, another significant area where scientific implementation is gaining traction is transportation and packaging. These sectors have witnessed a growing reliance on scientific techniques to optimize efficiency and ensure the safe and effective transportation of goods.
Based on region, Asia Pacific segment is expected to grow during the forecast period. In the Asia-Pacific region, industrial growth is soaring at an impressive rate, driven by factors such as technological advancements, and increasing investments. This growth is further fueled by the remarkable performance of agricultural exports, which have experienced a significant surge in recent years. In the financial year 2019-20, the net agricultural export in the region reached an astounding 2.52 Lakh crores, highlighting the substantial economic impact of this thriving sector.
Major companies operating in the Global Industrial Films Market are:
- Cosmo Films Ltd
- DUNMORE Corporation
- Inteplast Group Inc.
- Jindal Poly Films Ltd
- Kolon Industries Inc.
- Mitsui Chemicals Tohcello.Inc
- Polyplex Corp Ltd
- Raven Industries Inc.
- Toyobo Co. LTD
- Solvay SA
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“Growing application of Industrial Films in various end-user industries are key drivers of the Industrial Films Market. Growth in the competitive landscape and presence of well-established companies in the market who are dedicated to enhancing their productivity of Industrial Films with every passing year is anticipated to register impressive growth in the Global Industrial Films Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Industrial Films Market By Material (PE, PP, PET/BOPET, Polyamide, Organic Coating, Inorganic Oxide Coatings, Others), By End User (Agriculture, Industrial Packaging, Construction, Medical, Transportation, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Industrial Films Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Industrial Films Market.
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Table of Content-Industrial Films Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Global Industrial Films Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Material (PE, PP, PET/BOPET, Polyamide, Organic Coating, Inorganic Oxide Coatings, Others)
4.2.2. By End User (Agriculture, Industrial Packaging, Construction, Medical, Transportation, Others)
4.2.3. By Region
4.2.4. By Company (2022)
4.3. Market Map
4.3.1. By Material
4.3.2. By End User
4.3.3. By Region
- Asia Pacific Industrial Films Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Material
5.2.2. By End User
5.2.3. By Country
5.3. Asia Pacific: Country Analysis
5.3.1. China Industrial Films Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Material
5.3.1.2.2. By End User
5.3.2. India Industrial Films Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Material
5.3.2.2.2. By End User
5.3.3. Australia Industrial Films Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Material
5.3.3.2.2. By End User
5.3.4. Japan Industrial Films Market Outlook
5.3.4.1. Market Size & Forecast
5.3.4.1.1. By Value
5.3.4.2. Market Share & Forecast
5.3.4.2.1. By Material
5.3.4.2.2. By End User
5.3.5. South Korea Industrial Films Market Outlook
5.3.5.1. Market Size & Forecast
5.3.5.1.1. By Value
5.3.5.2. Market Share & Forecast
5.3.5.2.1. By Material
5.3.5.2.2. By End User
- Europe Industrial Films Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Material
6.2.2. By End User
6.2.3. By Country
6.3. Europe: Country Analysis
6.3.1. France Industrial Films Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Material
6.3.1.2.2. By End User
6.3.2. Germany Industrial Films Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Material
6.3.2.2.2. By End User
6.3.3. Spain Industrial Films Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Material
6.3.3.2.2. By End User
