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Breathable Films Market: Value, CAGR Growth, Size Projections, and Revenue Forecast

Breathable Films Global Market Report 2024

Breathable Films Global Market Report 2024

The Business Research Company recently released a comprehensive report on the Global Breathable Films Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The breathable films market size has grown rapidly in recent years. It will grow from $3.21 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to healthcare industry growth, preference for lightweight packaging, rising environmental concerns, innovation in personal care products, expansion of food & beverage industry, increased consumer awareness.

The breathable films market size is expected to see rapid growth in the next few years. It will grow to $5.22 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to shifting towards online retail channels, consumer demand for functional apparel, surge in biodegradable materials, focus on circular economy, innovations in sports and outdoor apparel, growth in geriatric population`. Major trends in the forecast period include advancements in material technology, preference for sustainable solutions, technological innovations in film production, growth in industrial protective clothing.

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Market Drivers and Trends:

The increase in agricultural sector is expected to propel the growth of breathable films market going forward. The agricultural sector encompasses the cultivation of crops and the raising of livestock for food, fiber, and other products, contributing significantly to global food supply chains.Breathable films provide enhanced crop protection, moisture management, and season extension. These films create controlled microenvironments for crops, improving yields and quality while reducing the need for chemical pesticides. They also support sustainable and eco-friendly farming practices, aligning with the increasing demand for environmentally friendly solutions in agriculture. For instance, in July 2023, according to a report published by the United States Department of Agriculture, a US-based federal agency, about $2.11 trillion in food was provided globally by the food service and retail sectors in 2021 and $2.39 trillion in 2022, an increase of $0.28 trillion. Further, global food service establishments provided $1.16 trillion in 2021 and $1.34 trillion in 2022. Therefore, the increasing global food demand is driving the growth of the breathable films market.

Product innovations are a key trend gaining popularity in the breathable films market. Major companies operating in the breathable films market are focused on developing new product solutions to strengthen their position in the market. For instance, in March 2021, Printpack Inc., a US-based packaging company, launched Preserve line of breathable laminated film for fresh produce. This film is made entirely of polyethylene and is approved for in-store drop-off recycling, offering a sustainable product without compromising manufacturing performance, product protection, shelf life, or brand differentiation. The technology allows produce to breathe, extending freshness and reducing food waste, while an anti-fog treatment maintains package clarity.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Trioworld Industrier AB, Schweitzer-Mauduit International Inc., Fatra AS, Nitto Denko Corporation, Covestro AG, LyondellBasell Industries NV, Kimberly-Clark Corporation, Berry Global Inc., DuPont de Nemours Inc., Daika Kogyo Co. Ltd., Fujian Xingyuan Industry Co. Ltd., Rahil Foam Pvt. Ltd., Toray Industries Inc., Mitsui Chemicals Inc., Innovia Films Ltd., American Polyfilm Inc., Arkema SA, RKW Group, Skymark Packaging International Ltd., Megaplast Pvt. Ltd., Ahlstrom-Munksjö Oyj, Berry Global Group Inc., Dow Inc., Halyard Health, Huhtamaki Oyj, Jabil Inc., Nippon Steel & Sumitomo Metal Corporation, Teijin Limited, UPM-Kymmene Oyj, Vishay Intertechnology Inc.

Breathable Films Market 2024 Key Insights:

• The breathable films market size is expected to see rapid growth in the next few years. It will grow to $5.22 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
• Elevated Building And Construction Activities Fuel Growth In The Breathable Films Market
• Product Innovations Transforming The Breathable Films Market
• Asia Pacific was the largest region in the breathable films market in 2023

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The Business Research Company
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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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