The industrial films market is projected to grow from USD 41.3 billion in 2022 to USD 55.8 billion by 2028 at a CAGR of 4.4%. Industrial films, made from polymeric materials like LLDPE, LDPE, PET/BOPET, PP/BOPP, and more, serve multiple purposes. They function as protective barriers for items, enhancing transport efficiency, extending the shelf life of perishable goods, and preventing damage, wastage, and deterioration. These versatile films find application in diverse sectors including transportation, construction, agriculture, industrial packaging, and healthcare.
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Most manufacturers in this market are based in North America. Saint-Gobin (France), Berry Global Inc. (US), Toray Industries, Inc. (Japan), Eastman Chemical Company (US), 3M Company (US), Mitsubishi Chemical Group Corporation (Japan), RKW SE, Dupoint Teijin Films (US), and Kolon Industries, Inc. (South Korea) are among the leading players operating in the industrial films market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisitions activities further to expand their presence in the industrial films market.
Saint-Gobin (France)
Saint-Gobain offers industrial films through its subsidiary, Saint-Gobain Composite Solutions, operating within a new corporate structure comprising five distinct reporting segments: High-Performance Solutions (HPS), Northern Europe, Southern Europe-Middle East & Africa, America, and Asia Pacific. These industrial film products are primarily available through the HPS segment. The company delivers a diverse portfolio, including window films, paint protection films, and specialized film solutions. Its clientele spans various sectors, encompassing automotive, electrical & electronics, energy, chemical processing, aerospace & security, and medical & pharmaceutical industries. Saint-Gobain markets its specialized films under two notable brands, namely CHEMFILM and NORFILM.
Berry Global Inc. (US),
Berry Global Inc. is a prominent player in the industrial films market. Specializing in plastic packaging manufacturing, the company offers innovative and sustainable solutions for a wide range of industries, including foodservice, healthcare, personal care, household, hygiene, industrial, transportation, and food and beverage sectors. Berry Global is known for its advanced manufacturing capabilities, producing high-performance films and laminates that provide effective protection and wrapping solutions for various applications. It has a strong global presence, with more than 300 facilities. With a global presence and a commitment to meeting the needs of rapidly growing markets, Berry Global is a key contributor to the industrial films sector, providing cutting-edge packaging and protection solutions.
Toray Industries, Inc. (Japan)
Toray Industries, Inc. is a comprehensive chemical industry conglomerate that engages in the manufacturing, processing, and distribution of materials used in various sectors, from automotive and aircraft components to apparel and information technology-related goods. The company operates through distinct business segments, including Fibers and Textiles, Functional Chemicals, Carbon Fiber Composite Materials, Environment & Engineering, Life Science, and Others. Within these segments, Toray is involved in the production and sale of a diverse range of products. This encompasses the manufacturing and distribution of materials like nylon, polyester, acrylic fiber, textile products, synthetic suede, nylon and ABS resins, polyester and polypropylene films, carbon fibers, advanced composite materials, as well as services related to construction, plant engineering, industrial machinery, and environmental equipment.
Eastman Chemical Company (US)
Eastman Chemical Company engages in the provision of specialty chemicals. It operates through the following segments, namely, Advanced Material (AM), Additives and Functional Products (AFP), Chemical Intermediates (CI), and Fibers. The AM segment produces and markets its polymers, films, and plastics with differentiated performance properties for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The company offers PU and PET films for various industries such as automotive, architectural, electronic, solar energy, and medical. The company has 49 manufacturing sites worldwide and serves customers in over 100 countries with a geographical presence in North America, South America, Europe, Asia Pacific, and Middle East & Africa.
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3M Company (US)
3M Company is a technology company, which manufactures industrial, safety, and consumer products. It operates through the following segments, namely, Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The company offers industrial films through its Transportation and Electronics segment. The Transportation and Electronics segment includes electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The company has a geographical presence in North Aamerica, South America, Europe, Asia Pacific, and Middle East & Africa.
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