New York, United States, Mon, 31 Jul 2023 06:39:37 / Comserve Inc. / -- During the forecast period of 2023-2033, the global breathable films market is expected to reach an estimated value of ~USD 10 billion by 2033, by expanding at a CAGR of ~6%.
Global Breathable Films Market Key Insights
During the forecast period of 2023-2033, the global breathable films market is expected to reach an estimated value of ~USD 10 billion by 2033, by expanding at a CAGR of ~6%. The market further generated a revenue of ~USD 3 billion in the year 2022. Major key factors propelling the growth of the breathable films market worldwide are the soaring birth rate, the increasing geriatric population, who are more prone to incontinence, and the higher demand for menstrual products.
Market Definition of Breathable Films
Breathable films are polymer-based barriers that manage moisture. These come in handy for a variety of uses, including diapers, feminine hygiene and incontinence protection products, roofing, house wrap, and surgical gowns, where breathability is essential to user comfort. These films are produced by stretching them after a cast or blown film. These films require calcium carbonates that are of a high caliber and are well-defined. Calcium carbonate particle size is crucial to achieving the optimal pore structure, controlling breathability, and offering appropriate mechanical properties.
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Global Breathable Films Market: Growth Drivers
The growth of the global breathable films market can majorly be attributed to the increasing concern and awareness regarding feminine hygiene. For instance, in 2019, 25% of women between the ages of 15 and 49 have used roughly 1 billion pads or tampons per day and this rate of usage is anticipated to rise notably throughout the projected time period. Additionally, the breathable films market trends including sizable demand for breathable films in the pharmaceutical industry and rising personal hygiene awareness are anticipated to positively impact market growth over the forecast period. Moreover, the market growth is predicted to be fueled by the expanding pharmaceutical industries around the world. For instance, the global pharmaceutical business made over USD 1 trillion in total sales in 2020, and the growth rate is estimated to increase notably during the forecast period.
The global breathable films market is also estimated to grow majorly on account of the following:
Global Breathable Films Market: Restraining Factor
The market growth is expected to be slowed down by the infant diaper industry's stagnating process, fierce rivalry in this niche, and constantly falling diaper prices. For instance, according to experts, the cost of infant diapers has decreased by half over the past 20 years, from ~USD 0.21 per diaper to around ~USD 0.098 today, depending on the brand. Hence this factor is expected to be the major hindrance for the growth of the global breathable films market during the forecast period.
Global Breathable Films Market Segmentation
The polyethylene segment, amongst all the other segments, is anticipated to garner the largest revenue by the end of 2033. The increasing usage of polyethylene in processes including container production, dispensing bottles, and other jobs can be attributed to the segment's rise. Additionally, the rising polyethylene production is estimated to fuel market expansion during the forecast period. For instance, it was observed that the world produced almost 100 million metric tonnes of polyethylene in 2018, and that number will rise to about 120 million metric tonnes by 2029.
The Asia Pacific breathable films market is anticipated to hold the largest market share by the end of 2033 among the market in all the other regions. The growth of the market in the region can be dedicated to the rising demand for breathable films in the textile sector and food & beverage industries, which is supported by the rising export of these materials across the world from the Asia Pacific region. For instance, approximately 52% of textiles and clothing are exported worldwide from Asia region each year. Moreover, growing disposable income, which made it possible for people to spend more on hygiene products, and rising demand for breathable films in the pharmaceuticals sectors in the region are anticipated to hike the growth of the market over the forecast period.
The market research report on global breathable films also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Key Market Players Featured in the Global Breathable Films Market
Some of the key players of the global breathable films market are Trioworld Group, Schweitzer-Mauduit International, Inc., Fatra, a.s., Nitto Denko Corporation, Covestro AG, Crunchbase, Inc., Clopay Plastic Products Co., Inc., and others.
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