Global Flexible Thin Film Market

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 News

  • 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.
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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).

Competition in the 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 market but these numbers will increase in the upcoming years. '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).'

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.

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.

Globally, Asia Pacific is estimated to hold the highest 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.

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Global Flexible Thin Film Market

Report ID: SQMIG15J2060

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