Industrial Films Market worth $55.8 billion by 2028 | Key players Saint-Gobain (France), Berry Global Group (US), SKC Co., Ltd (South Korea), Toray (Japan), Eastman Chemical Company (US).

According to recent market research the "Industrial Films Market by Film Type (LLDPE, LDPE, HDPE, PET/BOPET, PP/BOPP, CPP, PVC, Polyamide/BOPA), End-Use Industry (Agriculture, Industrial Packaging, Construction, Medical, Transportation), & Region - Global Forecast to 2028", is estimated to be USD 43.1 billion in 2022 and is projected to reach USD 55.8 billion by 2028, at a CAGR of 4.4% between 2023 to 2028. The rising demand from emerging economies and the growing trend toward sustainability are creating growth opportunities for the industrial films market. However, stringent environmental and government regulations and volatile raw material prices act as restraints to the growth of the global industrial films market.

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The LLDPE film type account for the largest share in the overall Industrial films market. The LLDPE film type led the industrial films market in 2022, accounting for a share of 33.5% in terms of value. The demand for LLDPE industrial films is driven by their higher impact and tensile strength, low cost of manufacturing, and wide usage in end-use industries such as agriculture and industrial packaging.
In 2022, the agriculture industry led the demand for industrial films, accounting for a share of 26.3% of the overall market in terms of value. This was due to the increasing demand for food, decreasing arable land, and the need for water and energy preservation. It has led to the development of advanced cultivation methods that can increase crop productivity and resist climatic changes.

Industrial films are widely used across industries. In the construction industry, industrial films have applications in flooring & insulation, waterproofing, cladding, reinforcement, and roofing. In the transportation industry, these films are installed on windows and bodies of vehicles to protect them from damaging environmental effects such as rain, snow, ultraviolet (UV) radiation, and scratches.

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The industrial films market size in Asia Pacific was USD 17.1 billion in 2022 and is projected to reach USD 24.0 billion by 2028, marking a CAGR of 5.82% during the forecast period. In 2022, North America and Europe accounted for a market share of 22.6% and 21.2%, respectively, in terms of value. The growth of the Asia Pacific market can be attributed to the rapidly increasing consumption of industrial films in the automotive, agriculture, construction, and industrial packaging industries in countries such as India, Indonesia, China, and Thailand.

The global market for industrial films is dominated by players such as Saint-Gobain (France), Berry Global Group (US), SKC Co., Ltd (South Korea), Toray (Japan), Eastman Chemical Company (US), 3M Company (US), Mitsubishi Chemicals Holdings Corporation (Japan), RKW SE (Germany), and DuPont Teijin Films (US). Product launches and mergers & acquisitions are the key strategies adopted by the industry players to achieve growth in the industrial films market.

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Saint-Gobain offers industrial films through its subsidiary, Saint-Gobain Composite Solutions, operating within a new corporate structure comprising five distinct reporting segments: High-Performance Solutions (HPS), Northern Europe, Southern Europe-Middle East & Africa, America, and Asia Pacific. These industrial film products are primarily available through the HPS segment. The company delivers a diverse portfolio, including window films, paint protection films, and specialized film solutions. Its clientele spans various sectors, encompassing automotive, electrical & electronics, energy, chemical processing, aerospace & security, and medical & pharmaceutical industries. Saint-Gobain markets its specialized films under two notable brands, namely CHEMFILM and NORFILM.

Berry Global Inc. is a prominent player in the industrial films market. Specializing in plastic packaging manufacturing, the company offers innovative and sustainable solutions for a wide range of industries, including foodservice, healthcare, personal care, household, hygiene, industrial, transportation, and food and beverage sectors. Berry Global is known for its advanced manufacturing capabilities, producing high-performance films and laminates that provide effective protection and wrapping solutions for various applications. It has a strong global presence, with more than 300 facilities. With a global presence and a commitment to meeting the needs of rapidly growing markets, Berry Global is a key contributor to the industrial films sector, providing cutting-edge packaging and protection solutions.

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