2019 Breathable Films Market - Latest trends, Growth and Forecast up to 2024
Breathable
Films Market will be driven by surging demand for hygiene products in Asia
Pacific owing to the increasing population and consumer disposable income in
the region. It is used in hygiene products such as baby diapers, feminine
hygiene products and adult diapers owing to its properties such as high
barriers against moisture and water. Breathable films are conventionally made
from minerals such as calcium carbonate, thermoplastic starch, biodegradable
resin and filler.
Increasing product usage in food packaging
will fuel the breathable films demand during the forecast timespan. In food
packaging product is used due to its properties such as minimization of
anaerobiosis, automatic release of steam in microwave system, they can respond
to desired and undesired temperature fluctuation, etc. Rapidly growing food
packaging industry across the globe is projected to drive the breathable films
market in coming years.
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Polyethylene
breathable films was the largest product segment in 2018 and likely to remain
the largest by the end of 2025. Extensive use of polyethylene in healthcare and
hygiene products owing to its low cost and high barrier properties will drive
the polyethylene breathable films market. Growing healthcare industry in
emerging economies are fueling the product demand. For instance, Indian
healthcare industry is projected to surpass USD 375 billion by 2025, which
shall boost breathable films market size over the forecast timeframe.
Packaging
application segment is anticipated to hold a major chunk of product demand over
the forecast period. Breathable films are used to manufacture packaging
pouches, bags and rolls, which are used for vegetable packaging along with
maintaining hygiene and freshness. They are used in food, fruits and vegetable
packaging to increase the product shelf life owing to its properties such as
smoke permeation. Industrial protective apparels were the one of the major
application segments in 2018 and likely to grow with a healthy CAGR during the
forecast timespan. Rapidly growing industrialization in the Asia Pacific is
expected to boost the product demand in near future.
Increasing regulations and environmental norms due to
environmental waste created by the product is likely to hamper the product
demand over the forecast period. However, nowadays manufacturers are focusing
to manufacture biodegradable and highly breathable films without inorganic
pyrogens. Breathable films are manufactured from naturel polymers such as corn
starch, which is bio-degradable and has more breathability compared to the
conventional product types.
Asia Pacific was the largest region in breathable
films market in 2018 and likely to remain the largest over the forecast period.
High growth in the end-use industries and growing population anticipated to
fuel the product demand in coming years. In addition, growing consumer spending
on personal care product will have positive impact on the market during the
forecast timeframe. Middle East and Africa breathing films market will grow
with a significant CAGR during the forecast time period. High birth rate
coupled with increasing health & hygiene awareness is likely to fuel the
product demand in the region over the forecast period. According to the Central
Intelligence Agency (CIA), in 2017 top ten countries with high birth rate are
from Africa.
Many
multinational regional companies are operating in the breathable films market
share. Some prominent players operating in the industry includes Arkema, Mitsui
Chemicals, Omflex, Nitto Denko Corporation, Toray Industries, Trioplast
Industries, Celanese, RKW, Clopay Plastic Products Company, and Fatra A.S. The
market is consolidated with top five companies RKW, Mitsui Chemicals
Incorporation, Arkema, Clopay Plastic Products Company, Fatra are having major
market share. This can be attributed to the high production cost and patented
technology. Moreover, these companies are investing heavily to increase the
production capacity to increase their production capacity and cater the
increasing product demand across the globe. For instance, in July 2016 RKW
announced that it will invest multi million dollars in infrastructure,
technological advancement, workers safety and production expansion in countries
such as Vietnam, Indonesia, Malaysia, Myanmar and Laos.
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2019 Breathable Films Market - Latest trends, Growth and Forecast up to 2024
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August 20, 2019
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