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What are the drivers of Breathable Films Market growth?

Author : Rahul Varpe | Published Date : 2019-09-19 

Asia Pacific was the largest region in breathable films market in 2018 and likely to remain the largest over the forecast period. High growth in the end-use industries and growing population anticipated to fuel the product demand in coming years. In addition, growing consumer spending on personal care product will have positive impact on the market during the forecast timeframe.

Middle East and Africa breathing films market will grow with a significant CAGR during the forecast time period. High birth rate coupled with increasing health & hygiene awareness is likely to fuel the product demand in the region over the forecast period. According to the Central Intelligence Agency (CIA), in 2017 top ten countries with high birth rate are from Africa.

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Polyethylene breathable films was the largest product segment in 2018 and likely to remain the largest by the end of 2025. Extensive use of polyethylene in healthcare and hygiene products owing to its low cost and high barrier properties will drive the polyethylene breathable films market. Growing healthcare industry in emerging economies are fueling the product demand. For instance, Indian healthcare industry is projected to surpass USD 375 billion by 2025, which shall boost breathable films market size over the forecast timeframe.

Packaging application segment is anticipated to hold a major chunk of product demand over the forecast period. Breathable films are used to manufacture packaging pouches, bags and rolls, which are used for vegetable packaging along with maintaining hygiene and freshness. They are used in food, fruits and vegetable packaging to increase the product shelf life owing to its properties such as smoke permeation. Industrial protective apparels were the one of the major application segments in 2018 and likely to grow with a healthy CAGR during the forecast timespan. Rapidly growing industrialization in the Asia Pacific is expected to boost the product demand in near future.

Breathable Films Market will be driven by surging demand for hygiene products in Asia Pacific owing to the increasing population and consumer disposable income in the region. It is used in hygiene products such as baby diapers, feminine hygiene products and adult diapers owing to its properties such as high barriers against moisture and water. Breathable films are conventionally made from minerals such as calcium carbonate, thermoplastic starch, biodegradable resin and filler.

 Increasing product usage in food packaging will fuel the breathable films demand during the forecast timespan. In food packaging product is used due to its properties such as minimization of anaerobiosis, automatic release of steam in microwave system, they can respond to desired and undesired temperature fluctuation, etc. Rapidly growing food packaging industry across the globe is projected to drive the breathable films market in coming years.

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Many multinational regional companies are operating in the breathable films market share. Some prominent players operating in the industry includes Arkema, Mitsui Chemicals, Omflex, Nitto Denko Corporation, Toray Industries, Trioplast Industries, Celanese, RKW, Clopay Plastic Products Company, and Fatra A.S. The market is consolidated with top five companies RKW, Mitsui Chemicals Incorporation, Arkema, Clopay Plastic Products Company, Fatra are having major market share. This can be attributed to the high production cost and patented technology. Moreover, these companies are investing heavily to increase the production capacity to increase their production capacity and cater the increasing product demand across the globe. For instance, in July 2016 RKW announced that it will invest multi million dollars in infrastructure, technological advancement, workers safety and production expansion in countries such as Vietnam, Indonesia, Malaysia, Myanmar and Laos.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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