Industrial Films Market Size, Share & Trends Analysis Report, By Type (LDPE, LLDPE) By Application (Agriculture, Packaging), Regional Outlook, Competitive Strategies, And Segment Forecasts, 2023 To 2030

Industrial Films Market Overview

Industrial films refer to a particular type of plastic used for providing resistance from chemicals and adaptability to harsh environment. It is manufactured from the extrusion of different polymer materials such as polypropylene, polyethylene, polyamide, and terephthalate. These are used by different industries such as agriculture, packaging, construction, healthcare, and others.

Industrial films have wide range of applications in the agricultural industry for gardening and farming which includes silage, walk-in-tunnel, mulching, and low tunnel covers made from these sheets. For instance, silage are used in farmland areas for protection of maize, hays, silage, and forage in areas with shorter growth period of herding grass. It also helps to facilitate anaerobic fermentation by keeping the forge under optimum humidity.

The increasing demand for biaxially oriented films made from polystyrene, PET, PP, and others due to their superior characteristics of electrical insulation, chemical stability, transparency, thermal stability, and others is acting as a driving force for the product market. The manufacturing process of these films which includes stretching it in both transverse and machine direction to design them with the desired properties required by electronics, automotive, food & beverage packaging, and medical packaging industries is further propelling the demand for the product market.

However, the direct disposal of these plastic films resulting into environmental damage is acting act as a challenging factor in the growth of the market. The expensive collection process, storage, and lack of incentive for the manufacturers for using these recycled plastics is further acting as restraining factors in the recycling process of these plastics.

The industrial films market is highly diversifying and competitive with the presence of large number of large scale and small scale players. The players are engaged in the acquisition, merger, research & development, and new product launches to as to retain their position. For instance, on December 2022, Toray Industries Inc., a manufacturer of advanced materials, films, resins, chemicals, and carbon fibers, announced about its development of eco-friendly PET (polyethylene terephthalate) sheets providing excellent applicability and adhesion for the water based solvent free coatings while eliminating the solvent derived emission of carbon dioxide. Some of the prominent players in the industry include TORAY INDUSTRIES, INC., Saint-Gobain Composite Solutions, TOYOBO CO., LTD., Solvay, and SKC Co. Ltd.