The global solid white films market is estimated to exhibit growth at a CAGR of around 5% to 6% during the forecast period 2022-2032. The market is anticipated to increase as more solid white films are used as packaging and labelling solutions across sectors like food & beverage, confectioneries, personal care & cosmetics, home care, and electronic & electrical.
Solid white films are typically made of polyethylene (PE), polypropylene (PP), and polyethylene terephthalate (PET). These films are used in various industries, including food and beverage, pharmaceutical, personal care, and others. The growing demand for flexible packaging solutions, particularly in the food and beverage industry, is the primary factor driving the growth of the Solid White Films Market.
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Factors Driving the Solid White Films Market
There are several factors driving the growth of the Solid White Films Market. Let’s take a closer look at some of the key drivers.
- Growing Demand for Flexible Packaging Solutions- Flexible packaging solutions have gained popularity in recent years, primarily due to their ability to reduce packaging weight and cost. Solid white films are a critical component of flexible packaging solutions, making them an essential part of the packaging industry.
- Increasing Popularity of Sustainable and Eco-Friendly Packaging Materials- The growing concern for the environment has led to an increasing demand for sustainable and eco-friendly packaging materials. Solid white films, made from recyclable materials, are an eco-friendly alternative to traditional packaging materials. As a result, the demand for solid white films is expected to increase in the coming years.
- Technological Advancements in Packaging Industry- The packaging industry has witnessed significant technological advancements in recent years. These advancements have enabled the production of more sustainable and eco-friendly packaging materials, including solid white films. Technological advancements have also led to the development of films with improved barrier properties, further driving the demand for solid white films.
- Increasing Popularity of Ready-to-Eat Food- Ready-to-eat food products have gained immense popularity in recent years, primarily due to their convenience and ease of consumption. Solid white films are an essential component of the packaging of ready-to-eat food products, driving the growth of the Solid White Films Market.
Global Solid White Films Market: Key Players
Some of the key players operating in global solid white films market are as follows:
- Treofan Group
- KristaFilms, S.A. de C.V.
- UPM Raflatac, Inc.
- Decorative Films, LLC.
- Vibac Group S.p.a.
- Rowad Global Packaging Company Ltd
- Gulf Packaging Industries Limited LTD
- Innovia Films Limited
- Manucoer SPA
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Recent Developments in the Solid White Films Market
- In September 2018, Cosmo Films, a manufacturer of specialist films for flexible packaging, lamination, and labelling, launched new solid white films (BOPP) heat-resistant for the Asian market
- In February 2018, BOPP specialist Treofan Group launched EWR50 films, new thin (solid white films) in-mold label films for high surface yield and thin labelling solutions.
- In September 2017, Jindal Films introduced new solid white films in the Label-Lyte range, 57IMS447, which can use as in-mold labels to create solid white appearance and performance.
The solid white films market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The solid white films market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Solid White Films Market: Segmentation
The global solid white films market is segmented on the basis of heat sealing capability, thickness, application, and end-user industry.
On the basis of heat sealing capability, the global solid white films market has been segmented into:
- Heat Sealable
- Non-heat Sealable
On the basis of thickness, the global solid white films market has been segmented into:
- Up to 20 µm
- 20 – 40 µm
- Above 40 µm
On the basis of application, the global solid white films market has been segmented into:
- Printing
- Lamination
- Packaging
- Others
On the basis of end-user industry, the global solid white films market has been segmented into:
- Food & Beverages
- Meat
- Fresh Produce
- Confectioneries
- Coffee & Tea
- Other Foods (Chips, Biscuits, & Cereals)
- Personal Care & Cosmetics
- Tobacco
- Textiles
- Homecare
- Electronics and Electricals
- Others
The global solid white films market has been divided into seven regions –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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