Press release
Textile Films Market Set to Reach $9.22 Billion by 2029 with 8% Yearly Growth
Textile Films Market Size
The surge in urbanization can potentially heighten the demand for the textile film market. Urbanization involves the movement of people to cities. It brings along numerous advantages, such as economic progression, availability of educational and employment opportunities, improved living standards, and increased income. Consequently, these factors entice individuals to invest in superior quality textiles, leading to the invention of modern textile film techniques and technologies. The World Bank, a globally recognized financial entity, forecasts that by 2030, the urban populace in South Asia will increase by 250 million. A study by PricewaterhouseCoopers (PwC), a renowned professional service firm in the UK, predicts that by 2030, 60% of the world's population will reside in urban areas. Hence, the fast-paced growth of urban dwellers will boost the textile film market.
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How will the growth rate of the textile films market shape industry trends by 2034?
In recent times, there has been a substantial expansion in the size of the textile films market. Its growth is projected to escalate from $6.18 billion in 2024 to $6.66 billion in 2025, with an annual growth rate (CAGR) of 7.7%. The historical progression in this market has been driven by an increased demand for protective wear, growth in healthcare industry, environmental regulations, and surge in the textile sector.
In the coming years, the textile films market is anticipated to witness robust growth. The market value is predicted to reach $9.22 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.5%. The growth within this predicted timeline can be attributed to factors such as the rising demand for eco-friendly materials, increased need in the healthcare sector, usage expansion in the automotive industry, and the growth of health and hygiene products as well as functional textiles in numerous sectors. Key trends to watch out for in this forecast period include advancements in manufacturing techniques, growth of healthcare and medical textiles, innovative improvements in packaging materials, integration of technology in consumer electronics, the development of energy-efficient materials for construction, materials resistant to weather, as well as advancements in sports and recreational equipment.
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What trends are poised to drive the future success of the textile films market?
Leading enterprises in the textile films sector are embracing innovative technology to maintain market dominance. For instance, in April 2023, Justrite, an industrial safety solutions company based in the U.S., introduced the PetroPad Smart Polymer Spill Pad. This product can absorb and durably stabilize hydrocarbons such as oil, diesel, and gas. The polyester fabric of the PetroPad incorporates a singular polymer technology capable of transforming hazardous hydrocarbons into a rubber-like, non-dangerous material. The PetroPad employs an exclusive polymer mixture designed to permanently encase hydrocarbons while permitting rainwater to flow through uncontaminated. This trail-blazing spill-control technology boasts an increased oil capacity, offers potential cost-reductions in waste disposal, and prevents occurrences of environmental catastrophes.
Which primary segments of the textile films market are driving growth and industry transformations?
The textile films market covered in this report is segmented -
1) By Type: Non-Breathable Films, Breathable Films
2) By Material: Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Others Materials
3) By Application: Hygiene, Medical, Sportswear, Protective Apparel, Others Applications
Subsegments:
1) By Non-Breathable Films: Polyethylene (PE) Films, Polyvinyl Chloride (PVC) Films, Polypropylene (PP) Films, Other Non-Breathable Films
2) By Breathable Films: Polyurethane (PU) Films, Polytetrafluoroethylene (PTFE) Films, Polyester (PET) Films, Other Breathable Films
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Which geographical regions are pioneering growth in the textile films market?
Asia-Pacific was the largest region in the textile films market in 2024. The regions covered in the textile films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the textile films market landscape?
Major companies operating in the textile films market are RKW Group, Covestro AG, Berry Global Group Inc., Mitsui Hygiene Materials Co Ltd, Schweitzer-Mauduit International Inc., Toray Industries Inc., Jindal Poly Films Ltd., Chirpal Poly Film Ltd., Arkema S.A, American Polyfilm Inc., Dongying Gaolart Import & Export Co, Fatra A.S., Trioplast Industrier AB, Cosmo First Limited, Nahar Poly Films Limited, 3M Company, Amcor Limited, Avery Dennison Corporation, Bonset America Corporation, CCL Industries Inc., DuPont de Nemours Inc., DSM Engineering Plastics Inc., Eastman Chemical Company, ExxonMobil Chemical Company, Flex Films Inc., Formosa Plastics Corporation, Futamura Chemical Co. Ltd., Garware Polyester Ltd., GBC Industrial Tools S.p.A.
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What Is Covered In The Textile Films Global Market Report?
• Market Size Forecast: Examine the textile films market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the textile films market for a structured understanding.
• Key Players Overview: Analyze major players in the textile films market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the textile films market.
• Segment Contributions: Evaluate how different segments drive overall growth in the textile films market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the textile films market.
• Industry Challenges: Identify potential risks and obstacles affecting the textile films market.
• Competitive Landscape: Review strategic developments in the textile films market, including expansions, agreements, and new product launches.
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