The global Breathable Film Market size was USD 13.29 billion in 2015 and is expected to witness significant growth over the forecast period. Evolving consumer requirements such as baby disposables, women’s sanitation products & adult incontinence products are projected to propel demand over the coming years.
U.S. Breathable Film Market revenue by raw material, 2014 - 2024 (USD Million)
Consumers are increasingly seeking more comfortable, absorbent, and discreet products, which can be efficiently manufactured with the help of breathable films. They also tend to allow movement, prevent infections and are more cost effective than other materials.
Asia Pacific is expected to grow at the highest CAGR over the forecast period to account for 38% of the market volume by 2024. The primary factors driving the Asia Pacific region are increasing demand for the packaging of ready-to-go meals, fruits, vegetables, meat, and other processed food products.
In 2015, Arkema and Teknor Apex entered into a strategic alliance, which includes combining Arkema’s Pebax thermoplastic elastomer (TPE) with Teknor Apex’s Terraloy bioplastic. This alliance will help the companies to expand their product offerings in the breathable films range. Significant investments made in the development of breathable packaging solutions is anticipated to boost the market demand over the coming years.
The polyester segment dominated the breathable films raw materials market in 2015 and is projected to account for 35% of the global volume by 2024. Growing usage of non-porous breathable films is expected to boost polyester demand over the forecast period.
Polyethylene breathable films are projected to grow at the second-highest CAGR of 5.8% from 2016 to 2024. The extensive usage of polyethylene breathable films in the hygiene and healthcare sector is anticipated to propel market growth over the coming years.
The non-porous segment accounted for the largest share in 2015 and is projected to grow at the highest CAGR from 2016 to 2024. Increasing applications of non-porous films in textiles, packaging materials, and medical products is expected to influence growth positively over the coming years.
The microporous segment accounted for approximately 21.5% of the overall demand in 2015. The increasing need for disposable products in the medical and hygiene industry is expected to boost market growth over the forecast period.
Breathable films have gained wide acceptance in the food & beverage and pharmaceutical packaging industry. The packaging segment accounted for 38% of global demand in 2015. They allow water vapor to pass through and also offers stability, safety, and durability thereby, improving the shelf life of products.
These films are permeable to various gasses & water vapors, fostering their application in disposable hygiene products, including those suited to the chronically ill or sensitive skin types. Growing consumer awareness regarding the benefits of such products is likely to foster product demand over the forecast period.
Asia Pacific Breathable Film Market dominated the global industry in 2015. Asia Pacific accounted for 38.2% of the global volume and is projected to grow at the highest CAGR from 2016 to 2024. The growth in this region is due to increase in consumption of packaging materials in the food & beverages, pharmaceutical, and personal care sector. China, Japan, Thailand, and India are projected to experience high growth followed by other South East Asian countries.
Europe is expected to account for the second-largest share of the global market. Growing production facilities in Europe is expected to propel growth over the forecast period. Increasing demand for advanced sports garments is projected to augment the European market growth.
The leading companies operating in the industry have adopted strategic initiatives such as new product launches and research & development activities to increase end-use application areas across various sectors. Companies are also involved in the expansion of their facilities to increase production capabilities. Key players operating in this market include Argotec, LLC, Arkema, Clopay Plastics, Fatra, a.s., Kimberley-Clark, Nitto Denko Corporation, Rahil Foam Pvt. Ltd., RKW North America, Inc., SILON s.r.o., and SKYMARK.
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