The trend toward using nylon films market to package perishable goods like frozen food is credited with the steadily rising demand for them. The primary factors that set nylon films apart from other packaging films are their longer shelf life and oxygen barrier qualities. Nylon films can also be used in a variety of industries, including food, medicine, and industrial packaging.
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The market for nylon films is predicted to grow at a CAGR of 5.2% from 2022 to 2029, from a value of USD 983.6 million in 2022 to USD 1,400.0 million in 2029.
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 2019, 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.
The availability of alternatives like para-aramid synthetic fibres, polypropylene, and bio-absorbable polymers and their low cost may further challenge the growth of the nylon films market. Future Market Insights anticipates a comparison and review analysis of the dynamics of the nylon films market, which is primarily subjected to a variety of industry factors along with a few clear influences.
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The adoption of new transparent nylon films with strong dielectric performance is one of the most recent innovations to hit the market.
According to an analysis by FMI, the market for nylon films is anticipated to grow by 10 basis share points (BPS) in H1-2022 (O) compared to H1-2021. However, a 10 point reduction in BPS was observed during the H1-2022 forecast and prospective periods.
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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