Industrial films are plastic films which are manufactured from polymeric materials such as LLDPE, LDPE, PET/BOPET, PP/BOPP, and others. These films are used to hold items and protect goods from damage; they are used in end-use industries such as transportation, construction, agriculture, industrial packaging, medical, and others

The industrial films market is projected to reach USD 55.73 Billion by 2022. The growth of the industrial films market is driven by the increased use of industrial films for various applications in different industries. Moreover, increasing demand for bi-axially oriented films and growing consumption of industrial films in the Asia-Pacific region are also contributing to the growth of the industrial films market across the globe. Based on film type, the industrial films market has been segmented into linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyethylene terephthalate/bi-axially-oriented polyethylene terephthalate (PET/BOPET), polypropylene/bi-axially oriented polypropylene (PP/BOPP), cast polypropylene (CPP), polyvinyl chloride (PVC), polyamide/bi-axially oriented polyamide (BOPA), and others. The LLDPE film type segment is estimated to account for the largest share of the industrial films market in 2017 in terms of volume and is expected to continue its dominance during the forecast period as well. The growth of the LLDPE film type segment of the market can be attributed to the increased demand for LLDPE films as they are cost-effective and offer superior properties such as high relative transparency, increased tensile strength, excellent puncture resistance, and superior impact strength. Based on end-use industry, the industrial films market has been segmented into agriculture, transportation, medical, construction, industrial packaging, and others. The agriculture end-use industry segment is projected to lead the industrial films market during the forecast period in terms of both value and volume. This segment is also projected to grow at the highest CAGR between 2017 and 2022 in terms of both value and volume. The growth of the agriculture segment of the industrial films market can be attributed to the increasing need to preserve the quality of the agricultural produce and decreasing arable land across the globe. Industrial films are being increasingly used in the agriculture industry to enhance crop yields and resist effects of climatic changes on crops. The Asia-Pacific industrial films market is projected to grow at the highest CAGR during the forecast period, in terms of both, value as well as volume. It is one of the most promising markets for industrial films, both in terms of production and consumption. Favorable government policies & initiatives and rapid industrialization in the Asia-Pacific region offer growth opportunities for the industrial films market in the region. Increasing investments in infrastructure development projects, growing production of automobiles, and rising use of industrial films in the agriculture industry are the factors expected to drive the growth of the Asia-Pacific industrial films market during the forecast period. Strict implementation of various environmental regulations is the key factor expected to restrain the growth of the industrial films market across the globe. Expansions, new product launches, and mergers & acquisitions are the major strategies adopted by leading players to enhance their positions in the industrial films market.

Industrial Films Market vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.