The overall outlook for the nylon films market is expected to remain positive, which is projected to register a CAGR of 5.2% over the forecast period of 2022-2029. The gradually increasing demand for nylon films is attributed to their growing preference for packaging perishable products such as frozen food.
The key driver behind this growth is enhanced shelf life and oxygen barrier properties that differentiate nylon films over other packaging films. Moreover, nylon films are also suitable for a wide range of industries such as food, pharmaceuticals, and industrial packaging
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Nylon Films Market Outlook for 2014–2021 Compared to 2022–2029 Forecast
In contrast to the 4.5% CAGR seen in the historical years between 2014 and 2021, the nylon films market is anticipated to exhibit a stunning 5.2% CAGR between the forecast years of 2022 and 2029. This acceleration in growth is the result of rising demand from end-use sectors including food, drugs, and chemicals.
Because of its barrier qualities and dependability, rigid packaging types have historically been preferred in packaging. However, as the packaging industry has changed over the past several years, package manufacturers have emerged that have spent in R&D to incorporate these qualities in flexible packaging designs.
Due to its small weight, flexibility, and durability, flexible packaging solutions quickly gained popularity in the food and pharmaceutical industries.
Key Takeaways of Nylon Films Market Study
- According to FMI analysis, the food segment is expected to outbid other end uses in the nylon films market over the forecast period. Manufacturers of perishable products such as meat and cheese are expected to account for a significant share of the food segment in the nylon films market.
- 11 to 20 microns is identified as the highly preferred thickness for nylon films among packaging converters. This thickness is well-suited for packaging applications that require optimum protection and performance.
- The bi-axially oriented polyamide film segment is projected to remain prominent by film type in the foreseeable future. Growth is attributed to the high tensile strength, improved impact strength, along with better oxygen barrier as compared to cast PA films.
- East Asia is expected to represent more than a quarter of the global films market share during the forecast period. China represents 60% of the total East Asia market share in 2022, attributable to the large number of unorganized players in the region. Moreover, South Asia is anticipated to remain a lucrative region in the nylon films market till the end of the forecast period.
“Players in the global nylon films market can gain significant profits by focusing on emerging countries in South Asia, such as India, Thailand, and Vietnam. Increasing demand from perishable and processed foods packaging manufacturers is expected to boost the growth of the nylon films market in this region.”
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Competitive Landscape
Leading nylon films manufacturers are committed to the research and development of the product and are consistently offering innovative nylon films solutions targeted towards specific end use. Companies operating in the nylon films market are aiming at product launches and expansions with other manufacturers.
- In November 2021, Toray Industries announced that they have developed a new film for 5G communication which is transparent, high dielectric performance and offers excellent heat resistance.
- In January 2021, Jindal Films signed an agreement to purchase 100% shares and completed acquisition of Italy-based nylon films specialist DOMO films.
Nylon Films Market by Category
By Grade:
- Nylon 6
- Nylon 66
By Thickness:
- Upto 10 Microns
- 11 to 20 Microns
- 21 to 30 Microns
- Above 30 Microns
By Film Type:
- Bi-axially Oriented Polyamide (BOPA)
- Composite Polyamide (CPA)
By End-Use:
- Food
- Meat
- Cereals
- Cheese
- Processed Food
- Pharmaceuticals
- Electrical
- Chemicals
- Others
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Snapshot
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
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