The demand for elastic films is anticipated to grow significantly at a CAGR of roughly 6% to 7% during the assessment period of 2022 to 2032. Sales of elastic films are expected to increase globally due to the development of new elastic films as a result of expanding technological advancements and rising female awareness of personal cleanliness. Elastic films are thin sheets with good stretch properties that are used in hygiene and medicinal products.
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The blown film extrusion and cast film extrusion techniques are frequently used to produce these films, along with ethylene-based elastomers, styrene-block copolymers, propylene-based elastomers, and polyethylene terephthalate (PET). Two types of elastic films that can offer options for adhesive closures are elastic mechanical films and frontal tapes.
Global Elastic Films Market – Dynamics
The elastic films market is expected to grow significantly on the backdrop of rising awareness regarding personal health and hygiene. In September 2018, Kimberly-Clark developed a specialty co-extruded elastic films, which is now being used across its Huggies baby diaper range.
Which are the Prominent Driver Creating Growth Prospects in the Global Elastic Films Market?
Over the past few years, a significant rise in number of baby births is being witnessed across the globe, owing to the growing advancement in reproductive technology and infertility treatments, resulting in fueling the demand for baby care products.
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For instance, according to a survey published by the United Nations International Children’s Emergency Fund (UNICEF), around 67,385 babies are reported to be born every day and around 25 million children births are registered each year across India.
based non-woven elastic films. Furthermore, elastic films are better leak proof and provide good stretching for hygiene products like diapers.
Elastic films wrapped inside a cloth would provide excellent comfort for adults and babies after wearing in for long time. Elastic films hold a number of advantages by acting as a protective layer in a variety of applications in the hygiene market. Moreover, the major factor concerning the mass utilization of elastic films is the slow degradation rate of diapers and are expected to hamper the market during the forecast period.
Global Elastic Films Market – Regional Overview
U.S. is anticipated to dominate the North America elastic films market during the forecast period. In Asia Pacific region, India, and China are anticipated to witness significant growth for elastic films market.
This region have seen extensive growth for elastic films market owing to growing awareness for health and hygiene, consumers in the region are increasingly turning to premium diapers to counter hygiene-related issues. Moreover, the Middle East & Africa (MEA) elastic films market is projected to witness sluggish growth during the forecast period.
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Market Competition
Some of the leading players in the elastic films market are
- Mondi plc,
- Golden Phoenix Fiberwebs, Inc.,
- Neos Italia Srl,
- Tredegar Corporation,
- Pantex International S.p.A.,
- Berry Global Group, Inc.,
- Schweitzer-Mauduit International, Inc.,
- Kraton Corporation,
- Aplix S.A., and others.
The market for elastic films is highly competitive, owing to the increasing new product launches and adoption of strategies such as production capacity expansion, merger, and acquisition by key companies.
Key Segments Profiled in the Elastic Films Market Survey
By Material Type:
- Ethylene Based Elastomersm
- Styrene Block Copolymersm
- Propylene Based Elastomersm
- Polyethylene Terephthalate (PET) Based
By Application:
- Feminine Care
- Diapers
- Adult
- Baby
By End Use:
- Hygiene
- Medical
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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