The technical films market is estimated at US$ ~36.6 Bn in 2022 and is projected to reach US$ ~47.4 Bn by 2027, at a CAGR of 5.3% from 2022 to 2027.
The technical films market constitute around 12-13% of the global multilayer flexible packaging market worth US$ ~267 Bn in 2022.
The technical films market saw some lucrative growth in 2022 with worldwide revenues up 5.5% year over year. A new forecast by FMI estimates that technical films market is anticipated to create an incremental opportunity of US$ ~12.7 Bn during the forecasted period
Global Technical Films Market: Forecast Highlights
According to Future Market Insights, the global technical films market is anticipated to reach a value higher than US$ 47 Bn by the end of the year of assessment from a value of around US$ 36.6 Bn in 2022. The global technical films market is projected to grow at a high value CAGR of 5.3% throughout the period of assessment.
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Global Technical Films Market: Competitive Scenario
The global technical films market research report covers analysis on key players in the market. The companies such as
are profiled in this research report.
Global Technical Films Market: Aspects Impacting Growth
Expanding demand for packaged food triggering the demand for technical films, sustained growth in building and construction, increasing demand for anti fog films for fresh produce applications, growing inclination towards high performance surface protection material, growing emphasis on manufacturing of smaller pack size barrier packaging and staggering growth in the electronics market are pushing the growth of the global technical films market.
However, lack of competency in manufacturing technology for technical films and non-availability of feed stock coupled with shortage of technological equipment and machinery for flexible barrier packaging are posing hindrances to the global market’s growth.
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Global Technical Films Market: Segmental Snapshot
The global technical films market is segmented on the basis of film type, end use industry, material type, thickness type and region.
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Technical Films Market By Category
By Film Type:
By Material:
By Thickness Type:
By End Use Industry:
About FMI Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Aug 12, 2022