The Textile Films Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Textile Films Global Market Report 2024, The textile films market size has grown strongly in recent years. It will grow from $5.78 billion in 2023 to $6.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to rising demand for protective clothing, growth in healthcare sector, environmental regulations, increased textile sector..
The textile films market size is expected to see strong growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing demand for sustainable materials, rising demand in healthcare, expansion in automotive applications, health and hygiene products, functional textiles for various industries.. Major trends in the forecast period include advanced manufacturing techniques, healthcare and medical textiles, packaging material advancements, consumer electronics and tech integration, energy-efficient construction materials, weather-resistant materials, advancements in sports and outdoor gear.
The rapidly growing urban population is expected to drive the demand for the textile film market going forward. Urbanization refers to the shifting of population to urban areas. The positive effects include economic development, accessibility to education and jobs and a higher quality of life, and more income. All these factors combined make it lucrative for people to spend on high-quality textiles which has led to the development of new textile films and techniques. According to the World Bank, an international financial institution, the urban population in South Asia is expected to grow by 250 million by 2030. According to a report by PricewaterhouseCoopers (PwC), a UK-based professional services company, By 2030, urbanization is anticipated to account for 60% of global population. Therefore, the rapidly growing urban population will promote the textile film market.
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The textile films market covered in this report is segmented –
1) By Type: Non-Breathable Films, Breathale Films
2) By Material: Polyethylene (PE), Polyprorpylene (PP), Polyurethane (PU), Others Materials
3) By Applicatiion: Hygiene , Medical, Sportswear, Protective Apparel, Others Applications
Top Major Players
RKW Group
Covestro AG
Berry Global Group Inc.
Mitsui Hygiene Materials Co Ltd.
Schweitzer-Mauduit International Inc.
Major companies operating in the textile films market are adopting new technologies to sustain their position in the market. For instance, in April 2023, Justrite, a US-based, industrial safety solutions provider launched PetroPad Smart Polymer Spill Pad to absorb and permanently solidify hydrocarbons like oil, diesel and gas. The geotextile fabric of the PetroPad contains a one-of-a-kind polymer technology that can convert dangerous hydrocarbons into a substance resembling rubber that is not hazardous. The unique polymer blend used in the PetroPad is designed to trap hydrocarbons in a permanent manner while permitting rainwater to pass through without becoming contaminated. This innovative spill-control technology provides a significantly greater oil capacity, reduces the costs associated with waste disposal, and eliminates the possibility of an environmental disaster.
The textile films market report table of contents includes:
1. Executive Summary
2. Textile Films Market Characteristics
3. Textile Films Market Trends And Strategies
4. Textile Films Market – Macro Economic Scenario
5. Global Textile Films Market Size and Growth
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31. Global Textile Films Market Competitive Benchmarking
32. Global Textile Films Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Textile Films Market
34. Textile Films Market Future Outlook and Potential Analysis
35. Appendix
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