GITNUX MARKETDATA REPORT 2024

Specialty Films Industry Statistics

Specialty Films Industry statistics show a growing market with increasing demand for niche content and specialized offerings.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and trends in the specialty films industry, shedding light on market size, growth projections, key players, and regional insights. From the increasing demand for safety and security films to the expanding applications in sectors like agriculture and packaging, we will analyze the dynamic landscape of specialty films worldwide.

Statistic 1

"The global specialty films market size was valued at USD 28.02 billion in 2019."

Statistic 2

"The specialty films industry is expected to grow at a CAGR of 6.1% from 2020 to 2027."

Statistic 3

"The market for specialty films in North America was valued at USD 7.09 billion in 2019."

Statistic 4

"Safety and security films are expected to hold approximately 25% of the specialty film market share by 2027."

Statistic 5

"Light Control Film is projected to reach USD 2.97 Billion by 2025."

Statistic 6

"The largest application segment for specialty films is packaging, with a 60% share in 2016."

Statistic 7

"The European market for specialty films is expected to exhibit a compound annual growth rate of around 5.3% from 2020 to 2025."

Statistic 8

"Agriculture segment will grow from $940 million in 2020 to $1,450 million by 2025."

Statistic 9

"Packaging segment dominated the specialty films industry with an estimated size of more than $19 billion in 2016."

Statistic 10

"The transparent specialty films market in Latin America is anticipated to expand at the fastest CAGR of 7.5% during the forecast period."

Statistic 11

"3M, Honeywell, Eastman Chemical, Clopay Plastic, and Evonik Industries are among the key players in the specialty films market."

Statistic 12

"Bio-based specialty films are anticipated to exhibit the highest CAGR of 6.8% during the forecast period."

Statistic 13

"The specialty films market in MEA (Middle East and Africa) is expected to reach US$2.92 billion by 2027."

Statistic 14

"Decorative films is the largest product segment of the specialty films market."

Statistic 15

"The global breathable films market, a sub-segment of specialty films, is expected to reach USD 3.21 billion by 2024."

Statistic 16

"Micro-porous breathable films dominated the market in 2016, accounting for more than 60% of the global breathable film market, a sub-segment of specialty films."

In conclusion, the specialty films industry is experiencing significant growth and diversification across various regions and applications. With an expected steady increase in market size and the emergence of key players, coupled with the rising demand for safety, security, and bio-based films, the industry is poised for continued expansion. Packaging remains a dominant application segment, while segments like agriculture and light control films show promising growth potential. Notably, regions such as North America, Europe, Latin America, and MEA are expected to contribute significantly to the market’s growth trajectory. The future outlook for the specialty films industry appears promising, driven by technological advancements and evolving consumer preferences.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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