USD 12.80 billion
Flexible Thin Film Market Size, Share, Growth Analysis, By Application(Consumer Electronics, Energy Harvesting, Pharmaceutical & Medical Devices, Packaging), By Chargeability(Rechargeable and non-rechargeable), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15J2060 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
65
|Figures:
73
Flexible Thin Film Market Insights
Flexible Thin Film Market size was valued at USD 12.80 billion in 2021 and is poised to grow from USD 13.65 billion in 2022 to USD 22.85 billion by 2030, growing at a CAGR of 5.65 % in the forecast period (2023-2030).
The global flexible thin films market is experiencing robust growth driven by several compelling drivers. Firstly, the increasing demand for lightweight and flexible electronic devices, such as wearable technology and bendable displays, is propelling the adoption of flexible thin films. These films enable the creation of versatile and compact devices, driving innovation and expanding the market.Secondly, the growing focus on renewable energy sources is fostering the demand for flexible thin films in photovoltaic applications. Solar panels incorporating flexible thin films offer enhanced efficiency and design flexibility, contributing to the expansion of the solar energy sector.
Furthermore, advancements in materials science and manufacturing technologies are enhancing the performance and durability of flexible thin films. This continuous improvement is boosting their adoption in various industries, including electronics, aerospace, healthcare, and automotive, where lightweight and adaptable materials are essential. The rise of Industry 4.0 and the Internet of Things (IoT) is also driving the flexible thin films market. These technologies require flexible and adaptable components, which has led to increased integration of thin films in sensors, smart packaging, and communication devices.
Lastly, the push for sustainability and environmental consciousness is encouraging the adoption of flexible thin films due to their reduced material consumption and energy-efficient production processes. As industries strive for greener solutions, the market for flexible thin films is poised for continued growth.
US Flexible Thin Film Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
packaging
Fastest Growth
packaging
Growth Rate
5.65% CAGR
Global Flexible Thin Film Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Flexible Thin Film Market Segmental Analysis
The global flexible thin film market is segmented on the basis of application, chargeability, and region. By application, the market is segmented into consumer electronics, energy harvesting, pharmaceutical & medical devices, packaging, smart card, wearable technology, and others. By chargeability, the market is grouped into rechargeable and non-rechargeable. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Flexible Thin Film Market Analysis by Application
By application, the global market is divided into many segments such as Consumer Electronics, Energy Harvesting, Pharmaceutical & Medical Devices, Packaging, Smart Card, Wearable Technology, and Others. Among these, the packaging segment held the largest global flexible thin film market share due to the wide range of benefits provided by flexible thin film in it. Increase in demand for food packaging with various products such as packaged food, vertical equipment, electronic products and clothes has led to the higher consumption of flexible thin film in the packaging industry. It provides better alternate solutions to the traditionally used rigid film packaging, which has anticipated the packaging segment to experience highest growth during the forecasted.
Global Flexible Thin Film Market By Application (%)
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Flexible Thin Film Market Regional Insights
Globally, Asia Pacific is estimated to hold the highest global Flexible Thin Film market share. Main factors during this growth period are the presence of top market players , increasing industrialization and others. Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Flexible Thin Film technology in the region of Asia Pacific and mainly in China and Japan. Penetration of mobile internet in Asia Pacific has doubled in the last few years that lead to the growth in the e-commerce segment that in turn increased the packaging segment.
Global Flexible Thin Film Market By Geography
- Largest
- Fastest
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Flexible Thin Film Market Dynamics
Flexible Thin Film Market Drivers
Demand for Packaging Industry to Bolster Market Growth
- The characteristics of flexible thin films such as lightweight, convenient to handle, strong expanding graphic capabilities, an extended self life has increased demand in the packaging industry.Traditionally you used rigid packing solution does not offer the businesses the chance for the creative packaging which is offered by flexible thin film packages.In the food and beverage industry, the product is used in packaged food such as frozen meals, ready to eat meals, cake mixes and snack foods.Therefore, increasing requirement for these films in the packaging industry will contribute to the growth of flexible thin film market.
Flexible Thin Film Market Restraints
Stringent Regulations to Hinder Market Growth
- Plastic is majorly used to produce the thin films all across the globe.Therefore, government all across the globe has applied stringent regulation looking at increasing Co 2 emission and restricting the adoption of plastics in various applications.Recycling of plastic material also takes lot of time when compared with the plastic manufacturing. This is due to the lengthy process of collecting, sorting, shredding, washing, melting and pelletizing .This major disadvantages of plastic can impede the growth of the market.
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Flexible Thin Film Market Competitive Landscape
Competition in the global Flexible Thin Film market is expected to increase during the forecast period as the market is likely to witness the entry of new players. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Flexible Thin Film Market Top Player’s Company Profiles
- Innovia Films (UK)
- Bemis Company, Inc. (US)
- 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).
Flexible Thin Film Market Recent Developments
- In April 2022 Vantage Product Corporation was purchased by custom molded plastic and LLC inteplast group.This purchase was turned to expand the injection moulding.It enables the continued integration of post consumer and post industrial regrind in high quality products from the custom structural foam manufacturer.
Flexible Thin Film Key Market Trends
- The focus of the manufacturer has changed to sustainable and healthy resources that could aid because of the widespread worries about the rising pollution caused by thin plastic sheets. for the sake of the environment. As alternatives to the pollution-causing flexible thin films, biaxially oriented polypropylene and biaxially oriented polyethylene terephthalate are available. The development of BOPP and BOPET is a key trend supporting market expansion.
Flexible Thin Film Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Flexible Thin Film market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits thin films are more complete, convenient, and versatile from other types of layers used in renewable energy sources.It is cost efficient,improve durability in harsh weather conditions like rain or snow compared to the traditional silicon based system. Flexible Thin Film s will enable Applications to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 12.80 billion |
| Market size value in 2030 | USD 22.85 billion |
| Growth Rate | 5.65% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Flexible Thin Film Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Flexible Thin Film Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Flexible Thin Film Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flexible Thin Film Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flexible Thin Film Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flexible Thin Film Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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