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Flexible Film Market to Reach $141,785.7 Million by 2027; Stoked by Rising Pharmaceutical Sector Worldwide

January 13, 2021 | Chemicals & Materials

The global flexible film market size is expected to reach USD 141,785.7 million by 2027. This is attributable to the increasing demand for packaging solutions from the pharmaceutical sector that is propelling the demand for advanced flexible film across the globe. Fortune Business Insights in its latest report, titled, “Flexible Film Market Size, Share & COVID-19 Impact Analysis, By Raw Material (Polypropylene {BOPP and CPP}, Polyester / BOPET {Thin Film and Thick Film}, and Others), Application (Packaging, Industrial, and Others), and Regional Forecast, 2020-2027.”, observes that the market stood at USD 88,702.8 million in 2019 and is likely to exhibit a CAGR of 6.0% between 2020 and 2027.


Cosmo Films Introduces BOPP Lamination Film that Provide Antimicrobial Benefits


In September 2020, Cosmo Films, a Delhi-based flexible film supplier, introduced a BOPP-based thermal lamination film that provides antimicrobial properties. The company addresses the problems faced by the packaging industry owing to several bacterial infections with the product launch. According to Cosmo, the film effectively inhibits bacterial colonization on the surface and further shows remarkable effect against Escherichia coli ATCC 8739 and Staphylococcus aureus ATCC 6538. Additionally, the product has received a JIS Z 2801 certification to confirm its validation.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/flexible-film-market-104653


The company further aims to replicate the technology into several types of flexible packaging solutions that will bode well for the market growth.


Increasing Demand for Effective Packaging from Pharmaceutical Sector to Augment Growth


The widespread effect of the COVID-19 pandemic has led the pharma companies registering a positive growth in 2020. This is expected to be a positive sign for the global flexible film market growth in the forthcoming years. The growing demand for anti-infective drugs is driving the adoption of advanced films owing to their beneficial properties such as extended shelf life, less plastic waste, consumer convenience, and significant shelf appeal. In addition to this, these films protect the medicines from external hazards during transit that is expected to surge its adoption in the rising pharmaceutical industry in the forthcoming years.


Product Innovation by Major Companies to Dominate Stiff Industry Competition


The global market is experiencing fierce competition amongst the companies that are striving to gain a major chunk of share in terms of revenue and gain a competitive edge over their rivals. These companies are developing innovative flexible film to cater to the growing demand from the packaging, pharmaceuticals, and food & beverage industry. Additionally, other key players are adopting strategies such as collaboration, facility expansion, and partnership to maintain their presence in the global marketplace.


Industry Development:



  • September 2019:  Mondi, a leading packaging and paper solutions provider, announced a partnership with Austrian meat producer, Hütthaler. The partnership is aimed at producing a fully recyclable thermoforming film made out of a mono-material. Moreover, the companies plan to expand their footprint in the global market by introducing innovative flexible films products.


List of the Companies Profiled in the Global Market:



  • Mondi Group (Austria)

  • Innovia Films (UK)

  • Amcor Ltd (Australia)

  • Bemis Company, Inc. (US)

  • The Wipak Group (Finland)

  • LINPAC Group (UK)

  • Jindal Poly Films Ltd. (India)

  • Berry Plastics Corporation (US)

  • AEP Industries Inc. (US)

  • Max Speciality Films Limited (India)

  • Polyplex (India)

  • CHIRIPAL POLY FILM (India)

  • Cosmo Films Ltd. (India)

  • Uflex Limited (India)

  • Novus Holdings (South Africa)

  • Flex Films (India)

  • CTP Flexibles (South Africa)

  • AMPAFLEX (South Africa)

  • Others


Further Report Findings:



  • Asia Pacific stood at USD 46,540.4 million in 2019 and is expected to hold the highest position in the global flexible film market in the forthcoming years. This is attributable to the increasing adoption of polyester-based films for packaging solutions in the region.

  • Europe, on the other hand, is expected to hold the second position in the market backed by the considerable demand for this film to protect automotive components in the region between 2020 and 2027.

  • The packaging segment, based on application, is expected to gain momentum during the forecast period. This is ascribable to factors such as the growing demand for effective packaging of several materials such as electronic products, medical equipment, and packaged food.


Table of Segmentation:








































ATTRIBUTES    



DETAILS        



Study Period



2016-2027



Base Year



2019



Forecast Period



2020-2027



Historical Period



2016-2018



Unit



Volume (KT); Value (USD Million)



Segmentation




 


 



By Raw Material



  • Polypropylene

    • BOPP

    • CPP



  • Polyester / BOPET

    • Thin Film

    • Thick Film



  • Others



By Application



  • Packaging

  • Industrial

  • Others



By Geography



  • North America (By Raw Material, Application, and By Country)

    • U.S. (By Raw Material)

    • Canada (By Raw Material)

    • Mexico (By Raw Material)



  • Europe (By Raw Material, Application, and By Country)

    • Germany (By Raw Material)

    • UK (By Raw Material)

    • France (By Raw Material)

    • Italy (By Raw Material)

    • Spain (By Raw Material)

    • Russia (By Raw Material)

    • Rest of Europe (By Raw Material)



  • Asia Pacific (By Raw Material, Application, and By Country)

    • China (By Raw Material)

    • India (By Raw Material)

    • Indonesia (By Raw Material)

    • Rest of Asia Pacific (By Raw Material)



  • Latin America (By Raw Material, Application, and By Country)

    • Brazil (By Raw Material)

    • Colombia (By Raw Material)

    • Rest of Latin America (By Raw Material)



  • Middle East & Africa (By Raw Material, Application, and By Country)

    • Nigeria (By Raw Material)




Rest of Middle East & Africa (By Raw Material)


Gloabal Flexible Film Market
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  • 2016-2018
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