The global nylon films market is valued at USD 983.6 Million in 2022 and is expected to reach USD 1,400.0 Million by 2029, at a CAGR of 5.2% from 2022 to 2029.
Nylon films have emerged as a revolutionary solution in the packaging industry. With their exceptional properties and versatility, these films have gained significant popularity across various sectors. This article delves into the Nylon Films Market, exploring its growth, applications, advantages, and challenges. Join us as we unravel the fascinating world of Nylon Films and its impact on modern packaging solutions.
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Nylon Films Market: Competition Landscape
- Unitika Ltd.,
- Winpak,
- Toray Plastics Inc.,
- Hyosung Corporation,
- Kolon Industries, and
- Honeywell International LLC
are some of the key players in the nylon films market. These players are strengthening their market presence through strategic acquisitions to increase their production capacity.
Beginning in early 2020, the package converter UNITIKA Ltd. of Japan will increase the manufacturing facility in Indonesia’s capacity from 16,500 tonnes per year to 26,500 tonnes per year. However, a number of regional, unorganised manufacturers may enter the nylon films market through clever alliances in an effort to go up against big-name international competitors with local pricing tactics.
Nylon Films Market: A Game-Changer in Packaging
Understanding Nylon Films
Nylon films are flexible, durable, and thermoplastic materials made from polyamide resins. They exhibit excellent mechanical strength, moisture resistance, and high thermal stability, making them suitable for a wide range of applications. The ability of Nylon films to be molded into different shapes and sizes, coupled with their exceptional barrier properties, has positioned them as an ideal choice for packaging solutions.
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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.”
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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