Global Breathable Films Market 2023-2030

Global Breathable Films Market 2023-2030

Global Breathable Films Market Size, Share & Trends Analysis Report Market by Product Type (Polyethylene Based, Polypropylene Based, Polyurethane Based, and Others), by Technology (Microporous and Monolithic), and by Application (Hygiene & Personal Care, Food Packaging, Construction, Fabric, and Others) Forecast Period (2023-2030)

The global breathable films market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The growth of the global breathable film market is driven by the rising awareness regarding personal hygiene and the increasing purchasing power of consumers. Additionally, technological advancements in the composition of breathable films are further contributing to the market growth. For instance, in March 2022, Scientists from the University of California (UCLA) have created an exclusive design of ultrathin films for extremely flexible yet mechanically strong bioelectronic membranes. The membranes can be precisely positioned over the body's contours and adapt to its movements. Secured together by van Waals forces, which are intermolecular interactions that occur at very close distances between atoms or molecules, the membrane is stretchy and versatile, allowing it to dynamically alter to biological substrates. Furthermore, the breathable and permeable nature of the membrane to air and water enhances its usability in various applications.

In April 2021, Royal DSM has introduced a new portfolio of engineering materials for medical device applications. The family of medical-grade polymers includes Arnitel Care polyester-based thermoplastic elastomer (TPC), Arnite Care polybutylene terephthalate (PBT), and ForTii Care polyphthalamide (PPA). The materials are intended for use in a range of non-invasive medical devices and meet or exceed FDA food-contact requirements, ISO-10993, and USP Class VI guidelines. However, stringent regulations regarding plastic usage may restrain the growth of this market segment.

Segmental Outlook

The global breathable films market is segmented based on product type, technology and application. Based on product type, the market is sub-segmented into polyethylene based, polypropylene based, polyurethane based, and others. Based on technology, the market is sub-segmented into microporous, and monolithic. Based on application, the market is sub-segmented into hygiene & personal care, food packaging, construction, fabric, and others.

Polyethylene Held Major Market Share in Global Market

Polyethylene dominates the global market, holding a major market share. This is attributed to its low cost and favorable properties, including high absorbency, permeability, and strength, which make it an ideal choice for producing breathable films. The widespread use of polyethylene films in manufacturing facilities is a significant driver of growth in this market segment.

Regional outlooks

The global breathable films market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held considerable share in the global breathable films market. The presence of key market players with their promising products, and growing expenditure on building structures, and transportation systems are some of the key factors that are contributing to the potential share of the regional market.

Global Breathable Films Market Growth by Region 2023-2030

Source: OMR Analysis

The Asia-Pacific Region to Hold Significant Share in the Global Breathable Films Market

The Asia-Pacific region to hold a significant share in the global breathable films market and is anticipated to exhibit the highest CAGR during the forecast period. The regional market growth is driven by the increasing demand for premium hygiene products in emerging economies such as India and China. Furthermore, the growing construction industry is also contributing to the high demand for breathable films in the construction sector.

According to the International Trade Administration (ITA), China stands as the world’s largest construction market. This market has been heavily impacted by changes in government regulations and policies. China’s 14th Five-Year Plan focuses on new infrastructure projects in transportation, energy, water systems, and new urbanization. The estimated investment in new infrastructure during the 14th Five-Year Plan period (2021-2025) is around 27 trillion yuan ($4.2 trillion). The plan emphasizes on energy efficiency and green building development, including retrofitting over 350 million square meters of buildings and constructing over 50 million square meters of net zero energy consumption buildings. With the growth in various industries in the Asia-Pacific region, the demand for breathable films is expected to increase in the upcoming years.

Market Players Outlook

The major companies serving the global breathable films market include RKW Group, Mitsui Chemicals Inc., NITTO DENKO CORP., Arkema Group, Fatra, A.S. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market.

For instance, in January 2021, Astara Capital Partners has acquired the flexible packaging operations of Garlock Printing & Converting. Garlock offers an array of films – including high barrier laminates and easy open sealant and breathable films, for a variety of food and beverage applications such as coffee and tea, condiments, dairy, meat and snacks. This transaction will allow Garlock to focus on its core flexible packaging business.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global breathable films market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.