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Textile Films Market worth $6.2 billion by 2023 | Key players RKW Group (Germany), Covestro (Germany), Berry Global (US), Mitsui Hygiene (Thailand), Arkema (France), SWM International (US).

03-01-2024 01:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Textile Films Market, Textile Films, APAC Textile Films Market, Europe Textile Films Market, Films Market, Films

Textile Films Market, Textile Films, APAC Textile Films Market, Europe Textile Films Market, Films Market, Films

According to recent market research the "Textile Films Market by Type (Breathable and Non-breathable), By Material (PE, PP, PU, Others), By Application (Hygiene, Medical, Sportswear, Protective Apparel), and Region (North America, APAC, Europe, MEA, and South America)-Forecast to 2023" The textile films market is projected to grow from USD 4.5 billion in 2018 to USD 6.2 billion by 2023, at a CAGR of 6.6%. The increased demand for hygiene products, growing awareness around feminine and child hygiene, increase in aging population, and R&D in premium hygiene products are driving the textile films market. The increasing demand for protective apparel due to increased construction activities in emerging economies such as China, India, and Brazil is expected to drive the market during the forecast period.

Browse 76 market data Tables and 34 Figures spread through 122 Pages and in-depth TOC on "Textile Films Market - Global Forecast to 2023"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/textile-films-market-249957469.html

Based on material, the PE segment is projected to lead the textile films market during the forecast period. PE is easily available and has properties such as high crystalline structure, proper density, light weight, and durability, which are responsible for its widespread use in hygiene, sportswear, and medical applications.

Based on application, the medical segment is projected to register the highest CAGR between 2018 and 2023. The use of textile films is increasing as they provide a liquid barrier, but at the same time allow breathability in the apparel. The demand for textile films in medical application is expected to grow soon owing to increased demand from hospitals, growing urbanization, new technological innovations, and awareness regarding prevention of infection in healthcare institutions.

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The textile films market in APAC has immense growth potential. The increasing demand for hygiene products owing to widespread awareness around proper hygiene and the growing urbanization and industrialization in the region are expected to fuel the demand for textile films during the forecast period. China, India, Japan, Australia, and South Korea are some of the key textile films markets in the region.

Some of the key players in the textile films market are RKW Group (Germany), Covestro (Germany), Berry Global (US), Mitsui Hygiene (Thailand), Arkema (France), SWM International (US), and Toray Industries (Japan). Investment & expansion and merger & acquisition were the major growth strategies adopted by the market players between 2015 and 2018 to enhance their regional footprint and meet the growing demand for textile films in the emerging economies.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=249957469

Berry Global (US) has gained a strong foothold in the textile films market. The company has a strong product portfolio of textile films, which find applications in the hygiene, medical, sportswear, and protective apparel applications, among others. The company operates through its various production sites and has extensive R&D infrastructure, which helps the company attain economies of scale. It focuses on innovation, development of customized customer solutions, and consistent customer service orientation to cater to consumer demand and achieve growth in the market. For example, in 2016, Berry invested in the capacity expansion of its hygiene and healthcare segment that would help the company to serve the North American market in a more effective way. In addition, Berry's acquisition of Clopay Plastic Products, a leading textile films manufacturers, in 2018, has provided an edge in hygiene products sales in the North American market. The company is a major player owing to its market pull and technology push strategies.

RKW Group (Germany) is another major player operating in the market. The company has a strong global presence and offers a wide range of textile films for hygiene and medical applications such as baby diapers, sanitary napkins, surgical drapes, and gowns. The company is focusing on organic growth strategies of new product launch and investment & expansion for increasing its reach and product portfolio and hence, widening its presence in various end-use industries such as healthcare, sports, and construction and increasing its revenue. In October 2016, RKW launched high-performance films, Medicace and Medifol to be used in medical applications such as drapes and gowns. This development helped the company in strengthening its position in the medical sector and, in turn, increase its presence in the textile films market.

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