Flexible Film Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Flexible film Market
The flexible film market size was valued at USD 88.702 million in 2019, and the market is now projected to grow to USD 141.785 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period of 2020-2027.
COVID-19 has been seen to increase the packaging sector as coronavirus leads to increased packing of items. This steady increase in hygiene amongst the consumers has led to promotion of packaged food hence catalysing the product demand. The increased awareness level of the people because of corona virus has boosted the demand of the flexible film in shield and other medical tools Even it is a flexible film, it is used in shields and other medical instruments because of the consciousness of the people through corona virus. But man, and material mobility has been slowed down and the same has hampered the supply chain and manufacturing of the product. Despite the efforts that governments of the various countries are making to put their industries on right path. The flexible film market growth remains steady during the pandemic.
The product demand is related to its useful traits like being lightweight, easily manipulated, possessing an increasing graphic performance, and increased shelf-stable compared to other materials. There are such benefits that turn the flexible packaging to be a sustainable industry in contrast to rigidity that is offered by other packaging goods. They take less space on store shelves, easy to pack and are portable, and fewer materials are used hence cutting costs. The higher demand for such films in the packaging market will help to drive the film market share.
The previous concentration of CO2 emissions and the ever-growing pollution from plastics have synced manufacturers toward finding a solution that would help to save the environment. Most manufacturers have commenced manufacturing green flexible film like bopp (biaxially oriented polypropylene) and bopet (biaxially-oriented polyethylene terephthalate) based flexible films. BOPP and BOPET films are completely biodegradable and non-toxic materials. They also offer that matter of eye contact when they go on the shelf, excellent clarity, and image reproduction, the ability to seal and they act like a barrier to moisture. Such advantages make BOPP and BOPET a more sustainable material and push up their demand in food & beverage, pharmaceutical, and plastic package designs.
Comprehensive Analysis of Flexible film Market
The flexible film market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided into 2 Segments, By Raw Material Analysis and By Application Analysis. Depending on the type of material used, the market is broadly located into polypropylene and polyester and others. BOPP and CPP are two subsegments of the polypropylene segment. In the same vein, the polyester/BoPET segment is excavated into a thin film and the thick film. BoPET or polyester segment can hence be estimated to have a high potential of growth in the global market because of high emerging demand of packaging material manufacture. On the basis of the application, this market has been classified as packaging, industrial, and others. Out of all the segments analysed, packaging is expected to dominate the highest growth rate during the coming years. Hearing the consumption higher in packaging industry is due to growth in demand of food packaging with items like packaged foods, medical equipment, electrical goods, and apparels. This is due to its practical to handle, cheaper, and its high transmittance property. Therefore, they will boost the product consumption for packaging application.
The market size in the Asia Pacific stood at USD 46.540 billion in 2019. This growth is due to the increasing use of polyester based flexible film in packaging industry. Besides, the mounting government efforts to curb plastic use will fuel consumption for BOPP films in this region.
Mondi Group (Austria), Innovia Films (U.K.), Amcor Ltd (Australia), Bemis Company, Inc. (U.S.), The Wipak Group (Finland), LINPAC Group (U.K.), Jindal Poly Films Ltd. (India), Berry Plastics Corporation (U.S.), AEP Industries Inc. (U.S.), Max Speciality Films Limited (India), Polyplex (India), CHIRIPAL POLY FILM (India), Cosmo Films Ltd. (India), Uflex Limited (India), Novus Holdings (South Africa), Flex Films (India), CTP Flexibles (South Africa) and AMPAFLEX (South Africa) are significant players in the Metals & Minerals market. They are the key player that ensures the industry's success while still having to keep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.
In September 2020, Cosmo Films engineered a transparent thermal lamination film based on BOPP that is made using an antibacterial technique that was designed to solve challenges of bacterial issues on covered goods. The new film is effective against a wide variety of bacteria and slows down germ reproduction because of the ability to hinder bacteria attachment on the surface. Thus, in addition to the new products, the company will provide the customers with an environmentally friendly product.
Segmentation Table
ATTRIBUTES DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Volume (KT); Value (USD Million)
Segmentation
By Raw Material
Polypropylene
BOPP
CPP
Polyester / BOPET
Thin Film
Thick Film
Others
By Application
Packaging
Industrial
Others
By Geography
North America (By Raw Material, Application, and By Country)
U.S. (By Raw Material)
Canada (By Raw Material)
Mexico (By Raw Material)
Europe (By Raw Material, Application, and By Country)
Germany (By Raw Material)
UK (By Raw Material)
France (By Raw Material)
Italy (By Raw Material)
Spain (By Raw Material)
Russia (By Raw Material)
Rest of Europe (By Raw Material)
Asia Pacific (By Raw Material, Application, and By Country)
China (By Raw Material)
India (By Raw Material)
Indonesia (By Raw Material)
Rest of Asia Pacific (By Raw Material)
Latin America (By Raw Material, Application, and By Country)
Brazil (By Raw Material)
Colombia (By Raw Material)
Rest of Latin America (By Raw Material)
Middle East & Africa (By Raw Material, Application, and By Country)
Nigeria (By Raw Material)
Rest of Middle East & Africa (By Raw Material)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Flexible Film Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Flexible Film Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Raw Material (Value and Volume)
- 6.2.1.1. Polypropylene
- 6.2.1.1.1. BOPP
- 6.2.1.1.2. CPP
- 6.2.1.2. Polyester/BoPET
- 6.2.1.2.1. Thin Film
- 6.2.1.2.2. Thick Film
- 6.2.1.3. Others
- 6.2.2. By Application (Value and Volume)
- 6.2.2.1. Packaging
- 6.2.2.2. Industrial
- 6.2.2.3. Others
- 6.2.3. By Region (Value and Volume)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Latin America
- 6.2.3.5. Middle East & Africa
- 7. North America Flexible Film Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Raw Material (Value and Volume)
- 7.2.1.1. Polypropylene
- 7.2.1.1.1. BOPP
- 7.2.1.1.2. CPP
- 7.2.1.2. Polyester/BoPET
- 7.2.1.2.1. Thin Film
- 7.2.1.2.2. Thick Film
- 7.2.1.3. Others
- 7.2.2. By Application (Value and Volume)
- 7.2.2.1. Packaging
- 7.2.2.2. Industrial
- 7.2.2.3. Others
- 7.2.3. By Country (Value and Volume)
- 7.2.3.1. U.S
- 7.2.3.2. Canada
- 7.2.3.3. Mexico
- 8. Europe Flexible Film Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Raw Material (Value and Volume)
- 8.2.1.1. Polypropylene
- 8.2.1.1.1. BOPP
- 8.2.1.1.2. CPP
- 8.2.1.2. Polyester/BoPET
- 8.2.1.2.1. Thin Film
- 8.2.1.2.2. Thick Film
- 8.2.1.3. Others
- 8.2.2. By Application (Value and Volume)
- 8.2.2.1. Packaging
- 8.2.2.2. Industrial
- 8.2.2.3. Others
- 8.2.3. By Country (Value and Volume)
- 8.2.3.1. Germany
- 8.2.3.2. UK
- 8.2.3.3. France
- 8.2.3.4. Italy
- 8.2.3.5. Spain
- 8.2.3.6. Russia
- 8.2.3.7. Rest of Europe
- 9. Asia-Pacific Flexible Film Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Raw Material (Value and Volume)
- 9.2.1.1. Polypropylene
- 9.2.1.1.1. BOPP
- 9.2.1.1.2. CPP
- 9.2.1.2. Polyester/BoPET
- 9.2.1.2.1. Thin Film
- 9.2.1.2.2. Thick Film
- 9.2.1.3. Others
- 9.2.2. By Application (Value and Volume)
- 9.2.2.1. Packaging
- 9.2.2.2. Industrial
- 9.2.3. Others
- 9.2.4. By Country (Value and Volume)
- 9.2.4.1. China
- 9.2.4.2. India
- 9.2.4.3. Indonesia
- 9.2.4.4. Rest of Asia Pacific
- 10. Latin America Flexible Film Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Raw Material (Value and Volume)
- 10.2.1.1. Polypropylene
- 10.2.1.1.1. BOPP
- 10.2.1.1.2. CPP
- 10.2.1.2. Polyester/BoPET
- 10.2.1.2.1. Thin Film
- 10.2.1.2.2. Thick Film
- 10.2.1.3. Others
- 10.2.2. By Application (Value and Volume)
- 10.2.2.1. Packaging
- 10.2.2.2. Industrial
- 10.2.2.3. Others
- 10.2.3. By Country (Value and Volume)
- 10.2.3.1. Brazil
- 10.2.3.2. Colombia
- 10.2.3.3. Rest of Latin America
- 11. Middle East & Africa Flexible Film Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Raw Material (Value and Volume)
- 11.2.1.1. Polypropylene
- 11.2.1.1.1. BOPP
- 11.2.1.1.2. CPP
- 11.2.1.2. Polyester/BoPET
- 11.2.1.2.1. Thin Film
- 11.2.1.2.2. Thick Film
- 11.2.1.3. Others
- 11.2.2. By Application (Value and Volume)
- 11.2.2.1. Packaging
- 11.2.2.2. Industrial
- 11.2.2.3. Others
- 11.2.3. By Country (Value and Volume)
- 11.2.3.1. Nigeria
- 11.2.3.2. Rest of Middle East & Africa
- 12. Competitive Landscape
- 12.1. Market Share Analysis, By Key Companies
- 12.2. Company Profiles
- 12.2.1. Mondi Group
- 12.2.1.1. Overview
- 12.2.1.2. Description
- 12.2.1.3. Product Portfolio
- 12.2.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.1.5. Recent Developments
- 12.2.2. Innovia Films
- 12.2.2.1. Overview
- 12.2.2.2. Description
- 12.2.2.3. Product Portfolio
- 12.2.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.2.5. Recent Developments
- 12.2.3. Amcor Ltd
- 12.2.3.1. Overview
- 12.2.3.2. Description
- 12.2.3.3. Product Portfolio
- 12.2.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.3.5. Recent Developments
- 12.2.4. Bemis Company, Inc.
- 12.2.4.1. Overview
- 12.2.4.2. Description
- 12.2.4.3. Product Portfolio
- 12.2.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.4.5. Recent Developments
- 12.2.5. The Wipak Group
- 12.2.5.1. Overview
- 12.2.5.2. Description
- 12.2.5.3. Product Portfolio
- 12.2.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5.5. Recent Developments
- 12.2.6. LINPAC Group
- 12.2.6.1. Overview
- 12.2.6.2. Description
- 12.2.6.3. Product Portfolio
- 12.2.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.6.5. Recent Developments
- 12.2.7. Jindal Poly Films Ltd.
- 12.2.7.1. Overview
- 12.2.7.2. Description
- 12.2.7.3. Product Portfolio
- 12.2.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.7.5. Recent Developments
- 12.2.8. Berry Plastics Corporation
- 12.2.8.1. Overview
- 12.2.8.2. Description
- 12.2.8.3. Product Portfolio
- 12.2.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.8.5. Recent Developments
- 12.2.9. AEP Industries Inc.
- 12.2.9.1. Overview
- 12.2.9.2. Description
- 12.2.9.3. Product Portfolio
- 12.2.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.9.5. Recent Developments
- 12.2.10. Max Speciality Films Limited
- 12.2.10.1. Overview
- 12.2.10.2. Description
- 12.2.10.3. Product Portfolio
- 12.2.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.10.5. Recent Developments
- 12.2.11. Polyplex
- 12.2.11.1. Overview
- 12.2.11.2. Description
- 12.2.11.3. Product Portfolio
- 12.2.11.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.11.5. Recent Developments
- 12.2.12. CHIRIPAL POLY FILM
- 12.2.12.1. Overview
- 12.2.12.2. Description
- 12.2.12.3. Product Portfolio
- 12.2.12.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.12.5. Recent Developments
- 12.2.13. Cosmo Films Ltd.
- 12.2.13.1. Overview
- 12.2.13.2. Description
- 12.2.13.3. Product Portfolio
- 12.2.13.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.13.5. Recent Developments
- 12.2.14. Uflex Limited
- 12.2.14.1. Overview
- 12.2.14.2. Description
- 12.2.14.3. Product Portfolio
- 12.2.14.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.14.5. Recent Developments
- 12.2.15. Novus Holdings
- 12.2.15.1. Overview
- 12.2.15.2. Description
- 12.2.15.3. Product Portfolio
- 12.2.15.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.15.5. Recent Developments
- 12.2.16. Flex Films
- 12.2.16.1. Overview
- 12.2.16.2. Description
- 12.2.16.3. Product Portfolio
- 12.2.16.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.16.5. Recent Developments
- 12.2.17. CTP Flexibles
- 12.2.17.1. Overview
- 12.2.17.2. Description
- 12.2.17.3. Product Portfolio
- 12.2.17.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.17.5. Recent Developments
- 12.2.18. AMPAFLEX
- 12.2.18.1. Overview
- 12.2.18.2. Description
- 12.2.18.3. Product Portfolio
- 12.2.18.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.18.5. Recent Developments
- 12.2.19. Others
- 12.2.19.1. Overview
- 12.2.19.2. Description
- 12.2.19.3. Product Portfolio
- 12.2.19.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.19.5. Recent Developments
- 13. Strategic Recommendations
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