According to a recent study conducted by Future Market Insights, the global decorative surface films market is poised to achieve a valuation of over US$ 7 Billion in 2022, with further substantial growth anticipated during the forecast period from 2022 to 2032. Demand for decorative surface films is expected to flourish at a value CAGR of 5.5%, reaching US$ 12 Billion by 2032.
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Key Market Drivers:
- Product Innovation in Packaging Industry: The packaging industry has witnessed extensive growth, leading to product innovation to meet the demand from various end-user sectors. Decorative surface films, categorized under flexible packaging, have gained prominence in both residential and commercial sectors, creating lucrative opportunities in the market.
- Wide Application Scope: Decorative surface films are used to cover a diverse range of products, contributing to their growing demand. The films are extensively applied for windows or walls, enhancing privacy and aesthetics in residential and commercial spaces.
- Advantages Offered by Decorative Surface Films: Decorative surface films offer multiple advantages, including privacy enhancement, improved aesthetics, integration with active packaging for sustainability, and resistance to external components. These benefits are driving their adoption across various industries.
Future Trends and Opportunities:
- Sustainability Requirements: Rapid changes are expected in the manufacturing and application of decorative surface films to meet sustainability requirements mandated by government authorities.
- Changing Interiors Landscape: The evolving landscape of interiors in commercial and residential sectors, coupled with redesigning of decorative surface films, is anticipated to positively impact market demand.
- Technological Advancements: Technological advancements in decorative surface films packaging, including the integration of IoT features, are poised to transform their functionality in the coming years, opening up new opportunities for market growth.
Key Takeaways and Projections:
- The U.S. is expected to lead the North America Decorative Surface Films market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Decorative Surface Films Historical Market Analysis: The detailed survey by FMI, examines key factors in the Decorative Surface Films market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Decorative Surface Films market for the forecast period 2022-2032.
- Decorative Surface Films Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Decorative Surface Films for the assessment period. As per the study, the demand for Decorative Surface Films will grow at a robust CAGR between 2022 and 2032.
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- Decorative Surface Films Market Trend Analysis: The latest study by FMI on the Decorative Surface Films market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Decorative Surface Films market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Key Players:
Some of the key players operating in the global decorative surface films market include Klockner Pentaplast, Konrad Hornschuch AG, TAGHLEEF Industries Group, The AmGraph Group, DuPont, Metropolitan West, Inc., Hanex, Global Coating, Vaccum Surtec, Poli-Film Australia, Riken Technos Corp, Avery Dennnison, Griff Paper and Film Inc.
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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