The Adhesive Films Market anticipates dynamic growth in the future, poised to reach a valuation of US$ 29.8 billion by 2033, propelled by a robust 4.6% CAGR between 2023 and 2033. Handheld adhesive films, renowned for their compact packaging and storage convenience, are expected to register notable growth at the same CAGR during the forecast period. The top three countries are projected to collectively hold 20-25% of the market share by 2023, indicating a global distribution of market influence.
The industry, generating approximately US$ 18.1 billion in 2022, is set to capitalize on the skyrocketing demand for beauty and personal care products, presenting a lucrative incremental growth opportunity of US$ 11.7 billion. With the rising demand for packaged food and beverages, coupled with the versatility and cost-effectiveness of polypropylene, the Adhesive Films Market is well-positioned to expand 1.6 times its current value, promising a dynamic future shaped by evolving consumer preferences and industry advancements.
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Increased acceptability of innovative packaging items is a sign of the product’s freshness and intact quality. Consumers are less likely to purchase a product if the packaging is unappealing. There has been an incredible increase in terms of demand for graphic packaging and flexographic printing.
Graphic packaging and flexographic printed materials are also aesthetically appealing, as compared to other rigid packaging products. They are considered to be an ideal solution for the consumer products sector, where packaging serves as a means of product distinction and remains the focal point of producers’ attention. This is supporting adhesive films demand in the next ten years.
Key Takeaways:
- The bi-axially oriented polypropylene (BOPP) films segment by material is estimated to hold around 41% of the adhesive films industry share.
- By application, the tapes segment is estimated to offer a growth opportunity of US$ 2.9 Bn from 2023 to 2033.
- Based on adhesive type, the silicone segment is expected to account for around 57.0% of the global adhesive films market share by 2023.
- Based on application, graphic films are projected to witness burgeoning growth at 6.0% CAGR between 2022 and 2033.
- Above 200 Um thickness type is expected to surge at a CAGR 6.1% from 2022 to 2033.
“Adhesive films are user and environmentally friendly, and this factor is expected to generate a high demand for the product. Usage of adhesive films in the food industry is also projected to be fuelled by surging demand for frozen and ready-to-eat food,” says a lead analyst at Future Market Insights.
Aerospace Industry to be a Significant Consumer of Adhesive Films by 2033
Aerospace industry significantly relies on the use of adhesive films on a big scale in order to create airplanes that are visually appealing and practical. Military aircrafts and fleets are susceptible to increased frequency of maintenance and repair.
Exterior, interior, and engine compartments, as well as their overhead bins and useful seat trays, in aircraft all contain adhesive films. The market for adhesive films is likely see an increasing sales as a result.
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Business Growth Opportunities:
- Green and Sustainable Solutions: With increasing environmental awareness, there’s a growing demand for eco-friendly adhesive films. Businesses can explore opportunities in developing and marketing sustainable adhesive products to meet this demand.
- Advanced Technologies: Embracing and investing in cutting-edge technologies such as smart adhesives, nano-adhesives, and other innovative formulations can open up new markets and applications, driving business growth.
- E-commerce Packaging Solutions: As online shopping continues to rise, there’s a need for efficient and secure packaging. Businesses can capitalize on this trend by offering adhesive films tailored for e-commerce packaging needs.
- Medical and Healthcare Applications: The healthcare sector presents opportunities for adhesive films used in medical devices, wound care, and other applications. Investing in research and development for medical-grade adhesives can lead to significant growth.
- Global Expansion: Exploring and entering emerging markets or regions with high industrial growth can be a strategic move. Adapting products to meet local regulations and preferences is crucial for successful expansion.
Trends in the Adhesive Films Industry:
- Bio-Based Adhesives: The adhesive films market is witnessing a trend towards bio-based and renewable materials. Consumers and industries are increasingly seeking alternatives to traditional petrochemical-based adhesives.
- Miniaturization in Electronics: The electronics industry demands thinner and more flexible adhesive films for miniaturized electronic components. This trend is driven by the need for lightweight, compact devices.
- Customization and Specialty Films: There’s a growing demand for specialty adhesive films tailored to specific applications, such as automotive, aerospace, and healthcare. Customization and performance-oriented products are gaining traction.
- Smart Adhesives: Integration of smart technologies in adhesive films, such as those with sensing capabilities or self-healing properties, is a notable trend. These innovations cater to industries seeking advanced functionalities.
- Recyclability and Circular Economy: Adhesive films that can be easily recycled or are part of a circular economy approach are gaining popularity. This trend aligns with the broader sustainability goals of many industries and consumers.
Key Companies Profiled
- 3M Company
- Avery Dennison Corporation
- Klöckner Pentaplast
- Irplast S.P.A
- Cosmo Films
- Ecoplast Ltd.
- Nitto Denko Corp
- Adhesive Films, Inc.
- Grafix Plastics
- Shenzhen Sun Tone New Material Co., Ltd.
- Hexis S.A.S
- Presto Tape
- Unite Glass
- American Polyfilm, Inc.
- Donlee New Materials Technology Inc.
- Schweitzer-Mauduit International, Inc. (Mativ Holdings)
- Zhejiang Deyang Adhesive Products Co., Ltd
- Merck KGaA
- Porvair Science Ltd. (Porvair plc)
- Corning, Inc.
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Outlook by Category
By Adhesive Type:
- Acrylic
- Rubber
- Water Based
- Oil Based
- Silicone
By Material:
- Bi-axially Oriented Polypropylene (BOPP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Others (PET, EVOH)
By Thickness:
- Up to 50 Um
- 51 to 100 Um
- 101 to 200 Um
- Above 200 Um
By Application:
- Labels
- Tapes
- Envelops
- Bags & Pouches
- Graphic Films
By End Use:
- Electrical & Electronics
- Building & Construction
- Aerospace
- Automotive
- Packaging
- Transportation
- Others (Signage, Medical)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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