Nylon 6 films account for a voluminous share of the market revenue, which is likely to increase throughout the period of projection. As the trend of lightweight packaging is gaining ground, films and coatings made from nylon 6 continue to define manufacturers’ bottom lines. By 2025, the adoption of nylon 6 grade type will hit the US$ 1 Bn mark. On the other hand, nylon 66 is expected to see steady demand growth due to its greater mold shrinkage, which further complicates the manufacturing process.
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Primacy of Asian Markets to Sustain Through 2029
Capturing over one-third share of total consumption, the nylon films market in East Asia will continue to attract significant capital investments from manufacturers over the next decade. With China leading the regional market, growth will be shaped by the rising popularity of convenience foods, as well as booming chemical industry.
While sales opportunities are also lucrative in the developed regions of Europe and North America, the adoption of nylon films in South Asia would surge at a rapid CAGR, which, in turn, is resulting in the realignment of strategies regarding the South Asia nylon films market.
COVID-19 Impact Analysis on Nylon Films Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Nylon Films market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Nylon Films market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
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Bettering Shelf Life with a Blend of Innovation
Influenced by the accelerating consumption of ready-to-eat single-serve meals, manufacturers are embracing innovative packaging formats such as modified atmosphere packaging (MAP) and vacuum packaging in an effort to enhance the durability of their products. Moreover, they are introducing multi-layered nylon films (8, 9, or 11 layers), especially for healthcare applications. This multilayer flexible packaging solution is still in its early stage, yet, its cost-effective quotient is expected to boost its prominence in other industries.
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Nylon Films Market: Segmentation
Nylon Films market segmentation by its operation –
Grade
Nylon 6
Nylon 66
Thickness
Upto 10 Microns
11 to 20 Microns
21 to 30 Microns
Above 30 Microns
Film Type
CPA
BOPA
End Use
Food
Meat
Cereals
Cheese
Processed Food
Nylon Films Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Nylon Films market. Competitive information detailed in the Nylon Films market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Nylon Films market report.
Key players covered in the report include:
Unitika Ltd., Toray Plastics Inc., Winpak, Kolon Industries, Hyosung Corporation, and Honeywell International LLC, MBLEM by Unitika Ltd., RAYFAN from Winpak, AMIDROLL brand by KOLON industries.
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Important Questions Answered in the Nylon Films Market Report
Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Nylon Films market been expanding during the forecast period?
How will the global Nylon Films market look like by the end of the forecast period?
What innovative strategies are adopted by Nylon Films market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Nylon Films market?
Key Offerings of the Report
Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Nylon Films market
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