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(Transportation-News.com, October 12, 2017 ) The industrial films market is projected to grow from USD 45.43 Billion in 2017 to USD 55.73 Billion by 2022, at a CAGR of 4.2% from 2017 to 2022. The growth of the industrial films market is driven by increased use of industrial films for various applications in different end-use industries. Moreover, rising demand for bi-axially oriented films and increasing consumption of industrial films in the Asia-Pacific region is also contributing to the growth of the industrial films market across the globe.
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“Among end-use industries, the agriculture segment of the industrial films market is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume.”
The agriculture segment is projected to lead the industrial films market from 2017 to 2022 in terms of both, value and volume. This segment of the market is also projected to grow at the highest CAGR during the forecast period. The potential advantages offered by industrial films that include preserving quality of the agriculture produce, ensuring crop protection, increasing crop yield, and minimizing soil erosion have contributed towards increased use of industrial films in the agriculture end-use industry. Moreover, rising demand for food due to continuously increasing global population, ongoing climatic changes, and decreasing arable land across the globe are the factors that drive the demand for industrial films in the agriculture end-use industry.
“The polypropylene/bi-axially oriented polypropylene (PP/BOPP) film type segment of the industrial films market is projected to grow at the highest CAGR during the forecast period in terms of both value and volume.”
Based on film type, the industrial films market has been classified into linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate/bi-axially oriented polyethylene terephthalate (PET/BOPET), polypropylene/bi-axially oriented polypropylene (PP/BOPP), cast polypropylene (CPP), polyvinyl chloride (PVC), polyamide/bi-axially oriented polyamide (BOPA), and others. The polypropylene/bi-axially oriented polypropylene (PP/BOPP) film type segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of the polypropylene/bi-axially oriented polypropylene (PP/BOPP) film type segment of the industrial films market can be attributed to ease of reprocessing associated with polypropylene/bi-axially oriented polypropylene (PP/BOPP) films and their cost-effectiveness. Moreover, these films also offer superior properties such as high clarity, good tensile strength, and high melting point, which make them appropriate for high-temperature sterilization applications.
“The Asia-Pacific industrial films market is projected to grow at the highest CAGR between 2017 and 2022 in terms of both, value and volume.”
The Asia-Pacific industrial films market is projected to grow at the highest CAGR during the forecast period. Rapid industrialization, favorable government policies & initiatives, and increased investments in infrastructure development projects are the factors fueling the growth of the Asia-Pacific industrial films market. Moreover, increasing use of agriculture films and growing production of automobiles in the region are expected to lead to a significant growth in the demand for industrial films from the Asia-Pacific region.
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DuPont Teijin Films (U.S.), Saint-Gobain (France), 3M (U.S.), Berry Global Group (U.S.), Mitsubishi Chemical Holdings Corporation (Tokyo), RKW SE (Germany), Toray (Japan), SKC Co., Ltd. (Korea), Eastman (U.S.), and DuPont (U.S.), among others are the key players operating in the industrial films market.
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Source: EmailWire.Com 
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