The global industrial films market size is expected to grow from USD 39.4 billion in 2020 to USD 49.0 billion by 2025, at a CAGR of 4.5% during the forecast period. Industrial films are used across industries, such as agriculture, transportation, electrical & electronics, photovoltaics, construction, industrial packaging, medical, and aerospace. In the industrial films market, agriculture is the key end-use industry owing to the wide applications of these films as greenhouse films, mulch films, silage films, and others in this sector.
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The use of plastic films in agriculture has been growing over the years owing to benefits such as preservation of quality of agriculture produce and improvement in crop production quantity. Decreasing arable land, changing weather conditions, and growing demand for food due to the increasing population are driving the demand for agricultural films. These films help in improving crop quality and productivity by minimizing soil erosion; increasing soil temperature; providing nutrients; providing protection from UV rays, rain, and wind; enabling seed germination, and suppressing the growth of weeds. These advantages have led to the increasing popularity of agricultural films at the global level. Improving standards of farming across the globe, coupled with the cost efficiency of this technology over conventional farming techniques, have further fueled the usage of agricultural films.
The key applications of plastic films in the agriculture industry include greenhouse, silage, mulch, and tunnel, among others. In the agriculture films industry, several innovations such as Near Infrared Radiation (NIR)-blocking films (blocks NIR of the Sun in tropical areas to give a cooling effect to crops), UV-blocking films (provides protection to crops from diseases and pests), and fluorescent films (converts UV radiation to different colors such as red or blue to optimize plant growth) are expected to positively influence the demand for agriculture films in the future.
The LLDPE segment is the largest type of industrial films.
The industrial films market has been segmented based on film type into LLDPE, LDPE, HDPE, PET/BOPET, PP/BOPP, CPP, PVC, Polyamide/BOPA and others. Among these types, the LLDPE segment accounted for the largest share of the market in 2019 and is likely to witness a significant growth during the forecast period. The market growth in this segment is attributed to their wide applications and superior properties such as impact & tensile strength and heat sealability LLDPE is replacing LDPE in many areas such as industrial packaging and agriculture, but there are some differences in their properties that make both these films suitable for diversified applications.
APAC is expected to hold the largest market share in the global industrial films market
APAC is estimated to be the leading industrial films market during the forecast period. The growth in this region can be attributed to the rapidly increasing demand for industrial films from the end-use industries, especially agriculture, construction, transportation and medical. The market is witnessing moderate growth, owing to increasing application, technological advancements, and growing demand for these resins in the APAC and Europe.
Saint-Gobain (France), Berry Global group (US), SKC Co. Ltd. (South Korea), Toray (Japan), and Eastman (US), DSM-RKW SE (Germany) and 3M (US) are the leading industrial films manufacturers, globally.
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