Breathable Films Market reaches a valuation of US$ 4.2 billion by 2033 with an increase at a CAGR of 3.8%

PRESS RELEASE

Published March 21, 2023

According to estimates, breathable film market sales worldwide would reach US$ 2.9 billion in 2023. In a detailed industry analysis, the global breathable films market is projected to thrive at a CAGR of 3.8% and reach US$ 4.2 billion by 2033.

Various applications benefit from breathable films, including feminine hygiene, adult incontinence supplies, surgical drapes diapers, and adult incontinence products. These films provide cost-effective moisture control. A breathable film is also an important component of roofing membranes, which are used in a number of different applications.

There is an increasing incidence of adult incontinence due to the growing geriatric population and obesity rates, contributing to the growth of the market. Additionally, breathable films are expected to be adopted in the construction industry as a result of the growing investment in real estate projects.

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The flourishing building & construction vertical coupled with growing demand for food packaging is likely to accelerate the breathable films market in the forecast period. A few other advantages of breathable films include enhanced processability, a wide spectrum of breathability levels, extended shelf life, UV stability, exceptional dispersion, and likewise.– says a lead analyst at Future Market Insights.

Key Takeaways from Market Study

The breathable films market is expected to secure a CAGR of 3.8% over the forecast period.
It is estimated that the breathable films market in Asia Pacific may remain strong during the forecast period.
Sales of breathable films have risen at a 4.1% CAGR between 2017 and 2022.
Hygiene is the crucial application industry for breathable films.
The medical application segment of the breathable film market is expected to grow at the notable rate.

Competitive Landscape:

Due to the growing demand for nutritional supplements and the emergence of new players, there has been intense competition in the market for breathable films. Small-scale players are creating growth opportunities by focusing on innovation. It is becoming common for small businesses to merge and acquire big ones so they can offer their products to a wide demographic of consumers and offer innovative products.

Several prominent companies dominate this market are LyondellBasell Industries N.V., DuPont de Nemours, Inc., Kimberly-Clark Corporation, Berry Globaal Inc., Schweitzer-Mauduit International, Inc., Rahil Foam Pvt. Ltd., Daika Kogyo Co. Ltd., Fujian Xingyuan Industry Co., Ltd., Toray Industries, Inc., Mitsui Chemicals, Inc., Nitto Denko Corporation, Trioplast Industries AB, Innovia Films, RKW Group, Fatra A.S., Covestro AG, Arkema Group, Omya AG, Skymark Packaging, American Polyfilm, and others.

Recent Developments:

A group of four companies owned by Mondi was acquired by Nitto Denko Corporation in July 2022. These companies may remain in business as part of the “Advanced Film Solutions Division”, which is responsible for personal care products.
Manucor released a new transparent film in March 2022. There is a possibility of using polyethylene film for packaging foods.
Glenroy, Inc. announced the expansion of its adhesive lamination capacity in March 2022 to meet the growing demand for sustainable flexible packaging.
A capacity expansion valued at US$ 20 million was announced by Berry Global in January 2020, allowing the company to expand its hygiene, healthcare, and specialty film platforms across North America.
As a part of its support for a manufacturer of medical protective clothing, Reifenhause transformed one of its pilot production lines into a film production line in June 2020. With this production line, 110 tons of breathable films could be produced each year, covering 1.2 million pieces of protective clothing. The manufacturing capabilities of SWM International’s TPU (Thermoplastic Polyurethane) films were expanded in July 2019 with the installation of TPU film lines in Suzhou (China).

According to an analysis by FMI, the market for breathable films is predicted to grow by 80 basis share points (BPS) in H1-2022 (O) compared to H1-2021. A spike in BPS change of 30 BPS has been seen when comparing the H1-2022 projected and H1-2022 outlook periods. Its characteristics, such as good dispersion, enhanced processability, a wide range of breathability levels, and a prolonged shelf life of the product, are the cause of the change in growth rate.

Breathable films are polymer-based films that are reasonably priced and open the door to moisture control in a variety of applications, such as feminine hygiene, diapers, and adult incontinence products. These are the ones where the ability to breathe is crucial. As roofing membranes, permeable films have another important use. In the anticipated term, the market for breathable films is expected to rise quickly due to the flourishing building and construction industry and rising consumer demand for food packaging.

Other benefits of breathable films include improved processing ability, a broad range of breathability levels, longer shelf life, UV stability, superior dispersion, and similar.

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Some of the key takeaways from the report are as follows-

Global breathable films market is anticipated to grow at CAGR of 6% during the forecast period, starting from 2020 to 2030
Among materials, polyethylene breathable films are expected to dominate the market due to their diverse applications and low cost
In terms of type, micro-porous segment expected to emerge dominant while the monolithic segment is likely to remain in the next leading position during the forecast period
Hospital disposables sector emerges as key end user, exhibiting high demand for products such as surgical masks, gloves, PPE kits, and others.
North America expected to continue dominating among regional segments
In the category by end-users, hospitals to dominate the market during the forecast period. Food and beverages, personal care and hygiene, Apparel and clothing and others to remain in the dominant market positions in the current and near future.

Covid-19 Impact Analysis

Due to the COVID-19 pandemic there is surge in demand of several products starting from personal hygiene to pharmaceuticals and medical disposables like gloves, masks, PPE kit and others which are accelerating the growth of breathable films market globally. Despite of the disruption in manufacturing units or logistics services due to the ongoing pandemic, drop in GDP, job recessions and other factors, the overall market value is set to experience year-to-year growth and expansion throughout the forecast period. East Asian countries to significantly contribute to the global breathable films market due to increased urbanization, demography of the region, medical expenses of the large number of population and other factors.

“Lifting of China’s one child policy ban and rapidly growing aging population is likely to accelerate the demand in global breathable films market. Moreover, rapid growth in medical developments resulting increase in old age populations which is likely to impact the breathable films market positively in the near future” says an FMI analyst.

Who is winning?

According to the report by Future Market Insights, the leading market players of the breathable film market are adopting various strategies to sustain in the competitive edge.

As the global market offers impressive opportunities, the key market players such as Schweitzer-Mauduit International, Inc., Berry Global Inc., and American Polyfilm, Inc., focusing on expanding their geographic presence to gain competitive advantage.

Some of the leading market holders in the global breathable film market-

Trioplast Industrier AB
Innovia Films
Arkema Group
LyondellBasell Industries N.V.
RKW Group
Fatra
Covestro AG
DuPont de Nemours, Inc.
Kimberly-Clark Corporation

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More Valuable Insights on Global Breathable Films Market

In the latest report, Future Market Insights depicts and analyses an unbiased research on the global breathable films market, along with the historical data for period of 2015-2019 and forecast statistics for the upcoming period of 2020-2030. To understand the scope, growth, strategies and opportunities in the breathable films market, the global market is segmented on the basis of material (polyethylene, polypropylene, polyurethane, and others), Film type (micro-porous, monolithic/non-porous), end-user industry (medical, food and beverages, pharmaceuticals, personal care and hygiene, apparel and clothing, building and construction, and others), across six major regions (North America, Latin America, Europe, East Asia, South Asia-pacific, MEA).

Key Reasons to Buy This Report-

• The report provides a qualitative and quantitative analysis of the Breathable Films market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics.

• The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level.

• In-depth analysis of the Breathable Films market segmentation based on technology, industry vertical, substrate, and application.

• Major countries in each region with their import/export statistics.

• The Breathable Films market report also includes analyzing of the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

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