The report offers other vital information related to industry annual sales, regional market outlook, product portfolios, application ranges, shifting consumer tastes & preferences, changing production & consumption patterns, volatile demand & supply graphs, and key industry statistics. The report expounds on the competitive scenario of the Industrial Films market and evaluates the current position of each market player using analytical tools including SWOT analysis, Porter’s Five Forces analysis, and Capacity Utilization analysis.
The global industrial films market size is expected to reach USD 57.48 Billion in 2028 and register a revenue CAGR of 4.7% over the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by increasing demand for industrial films from the agriculture industry. Wide applications of greenhouse films, mulch films, silage films, low tunnel films, soil sterilization and fumigation films, films for protection and packaging, and films for lining water reservoirs in the agriculture industry is expected to continue to boost revenue growth of the global market during the forecast period. Declining availability of arable land and increasing demand for food globally are other key factors driving demand for enhanced crop productivity and yield, which in turn, is augmenting demand for a variety of agricultural films. Rising usage of plastic mulch in agriculture applications due to benefits such as reduced weed pressure, increase in soil temperature, reduction of certain insect pests and infestations, moisture conservation, higher crop yield, and more efficient use of soil nutrients are some other key factors positively impacting market growth. Rising demand for plastic films in medical applications is also projected to augment market growth to a significant extent during the forecast period. The inherent suitability of Polyvinyl Chloride (PVC) for sterilization makes it well-suited for use in medical tubing, which often comes in direct contact with patient skin or bodily fluids. Rising concerns regarding need to reduce environmental contamination caused by plastic mulches is boosting demand for biodegradable plastic mulches currently, as these function as an environmentally sustainable alternative to conventional polyethylene mulch.
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Major players in the market include:
Saint-Gobain, Berry Global Group, SKC Co., Ltd., Toray Industries, Inc., Eastman Chemical Company, RKW Group, 3M, Mitsubishi Chemical Holdings Corporation, Solvay, and Kolon Industries.
Some Key Highlights From the Report
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For the purpose of this report, Reports and Data has segmented the global industrial films market based on type, end-use industry, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
End-use Industry Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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