Elastic Film Market

Elastic Film Market Outlook for 2024 to 2034

The elastic film market size is valued at USD 2.5 billion in 2024 and is on its way to grasp USD 3.4 billion by 2034. Market players can look at a CAGR of 2.9% from 2024 to 2034. Sales are envisioned to rise due to enriched awareness of personal hygiene among the female population.

Attributes	Details
Market Value for 2024	USD 2.5 billion
Market Value for 2034	USD 3.4 billion
Forecast CAGR for 2024 to 2034	2.9%

Consumption Analysis of Elastic Films Market

• Growth in the sales of elastic films made from ethylene-based elastomers, styrene-block copolymers, propylene-based elastomers, and PET is significant. These are used in medical and hygiene products for adhesive closing solutions like frontal tapes.
• The global upsurge in baby births due to reproductive technology improvements and infertility treatments has fueled demand for baby care products. Elastic films used in diaper production are particularly sought after, creating promising prospects for manufacturers.
• Environmental regulations and the increasing availability of other elastic laminates limit the global maturation of the market due to their ecological impact.
• The ridge in female diseases such as bacterial vaginosis due to improper sanitary solutions during menstruation prompts NGOs and governments to promote feminine hygiene and free sanitary pad distribution, boosting the global market.
• Sales are prominent as they are made from advanced polymer technologies and offer strength and flexibility. They adapt to various shapes and sizes and ensure goods' protection during transit and storage. They are also increasingly popular for eco-friendly packaging from several industries.

Historical Performance and Future Growth of the Elastic Film Market

The market has historically developed at a CAGR of 2.10%. However, sales have increased rapidly, displaying a CAGR of 2.90% from 2024 to 2034.

Attributes	Details
Historical CAGR for 2019 to 2023	2.1%

Environmental protection organizations' strict regulations on plastics-based products is curbing market growth due to their adverse environmental impact. Moreover, the emergent availability of alternatives elastic laminates, such as elastic strands, netting, and nonwovens, is slowing down the market as well.

Acute aspects that are anticipated to influence the demand for elastic films through 2034.

• Market players to display a productive opportunity by introducing new sustainable and biological fiber alternatives to usual elastic fibers.
• With the growth of the packaging industry, there is an opportunity to promote the demand for elastic films. Such films protect products from dust, pollution, and outer damage.
• Introducing biodegradable plastic films has paved the way for the development of the sustainable elastic packaging film market.

Market players are going to desire to be prudent and flexible over the anticipated period since these challenging attributes position the industry for accomplishment in subsequent decades.

Key Trends Influencing the Market

Baby Care Products Exploded the Demand for Elastic Films

• The rise in global infant births, conducted by refinements in reproductive technology and infertility treatments, has heightened the demand for essential baby care products like diapers and feeding bottles.
• Elastic films are widely used in baby care products due to their high absorbency, comfort of use, and leakage prevention properties. Therefore, the market divined to develop significantly in the forthcoming decade.
• The rise in childbirth helms maturation in the baby care industry, devising prospects for established and emerging players. This is foreseen to promote demand for high-quality elastic films globally.

Development of Sustainable Packaging Solutions Fuels the Demand

The demand for sustainable packaging solutions is advancing due to environmental consciousness. Elastic films are eco-friendly, lightweight, and require less material, making them definitive for businesses to minimize waste and carbon footprint.

• Sales of elastic films are significant as they are versatile and suitable for various products like food, beverages, and personal care. They can be easily customized to meet unique needs, diminishing waste and enhancing packaging efficiency.
• Demand for elastic films is prominent as they are recyclable, contributing to the circular economy. This also augments demand for recyclable packaging options as consumers become more environmentally conscious, permitting reuse and repurposing of materials.
• High demand for elastic film packaging in various industries, including food and personal care, is driven by the need to optimize supply chains and reduce waste.

Radical Material Science Skyrockets the Demand

• The elastic film market is a vigorous endeavor that is frequently innovating in material science. It is utilizing various polymer blends to improve film stretchability, strength, and durability.
• The ongoing innovation in material science assures businesses access to the most delinquent and advanced packaging solutions, meeting diverse needs and requirements for elastic packaging.
• Advanced material science has immensely sweetened the stretch films industry, utilizing materials such as polymers, PUs, and Styrene for enhanced performance and durability.
• Improvements in packaging technology have remarkably transformed the elastic film industry, enabling businesses to utilize superior solutions for better protection, durability, and sustainability.

Category-wise Insights

An in-depth segmental analysis of the elastic film market indicates that propylene-based elastomers are in significant demand. Similarly, hygiene applications develop an emergent demand based on the application of elastic films.

Demand for Hygiene Applications Acquires 84.1% of Market Share

Attributes	Details
Top Application	Hygiene
Market share in 2024	84.1%

Demand for elastic films for developing hygiene products is significant in 2024, holding a market share of 84.1%. The following aspects display the demand for elastic films for the production of hygiene products:

• Demand is envisioned to boost due to growing awareness of personal hygiene and improvements in hygiene product technology.
• The feminine hygiene industry is developing a high demand for elastic films due to increased awareness, gender equality, and technological advancements. Manufacturers are creating hygiene products with enhanced comfort, absorption, and convenience.
• The growth of the disposable hygiene product market is facilitated by raising consumer awareness about personal hygiene and products featuring elastic films.

Propylene Based Elastomers Packs up Around 43.6% of Market Share

Attributes	Details
Top Material Type	Propylene-based Elastomers
Market share in 2024	43.6%

The propylene-based elastomers segment is set to acquire almost 43.6% market share in 2024. The development of the propylene-based elastomers demands the following aspects:

• The need for propylene-based elastomer films has been growing due to increased demand from major end-use industries, such as the automotive industry, and rising disposable income.
• Because of their exceptional barrier qualities, which ensure the integrity and freshness of food items, propylene-based elastomer materials are in demand and quickly employed in various sectors.
• Bio-based propylene is being developed by manufacturers using renewable resources like biomass. It is becoming more and more popular than petroleum-based products because of its environmental benefits, manufacturing simplicity, and adaptability.

Country-wise Insights

The following section explains the demand in various countries. Markets in China and India are experiencing intermediate growth in the upcoming decade, while Thailand and Spain are slowly progressing in elastic film packaging, with France having a lower CAGR than other nations.

Countries	CAGR from 2024 to 2034
Spain	2.5%
Thailand	3.9%
China	4.4%
India	5.5%
France	1.9%

Demand Hits the Roof in India with Rapid Industrialization

The elastic film industry in India to experience a CAGR of 5.5% through 2034. Here are a few of the major aspects:

• Government initiatives such as “Make In India” have contributed to inventing India's demand for flexible packaging films.
• Many Indian companies manufacture their products in India and export them to other markets, increasing the demand for flexible packaging films.
• Due to their exceptional product protection, India's import and export operations compel demand for elastic packaging films.

China’s High eCommerce Packaging Needs Cultivate Demand for Elastic Packaging Films

Demand in China to develop at a CAGR of 4.4%. The following factors are thrusting the demand for elastic films in China:

• Manufacturers in China, known for their prowess in manufacturing, have a significant demand for elastic packaging films.
• New eCommerce platforms in China require flexible films due to augmented demand for durable and flexible packaging.
• The demand for flexible packaging is vital in consumer goods packaging in China, where the chances of package damage are momentous.

Electronic Industry Spreads the Demand for Elastic Polymer Films

Adoption of elastic films in Thailand to showcase a CAGR of 3.9% between 2024 and 2034. Some of the primary drifts in the industry are:

• Thailand is fostering the development of assorted electronic goods with minimal labor expenditure, indicating a demand for elastic polymers for electronic product development.
• The demand for elastic polymers is vital in Thailand for developing sports equipment, as they offer the necessary tensile strength for racquets, nets, and balls.
• Thailand's plastic manufacturers are concentrating on researching and developing films that have advanced tensile strengths and other features.

France’s Food Packaging Sector Fosters Fondness for Flexible Elastic Films

Demand in France to report a CAGR of 1.9% from 2024 to 2034. Some of the primary trends are:

• Flexible packaging is required for many French cuisines to protect food from external damage. This increases the demand for elastic polymers.
• Pharmaceutical companies in France are showing an increasing demand for stretch paper packaging for specific products.
• French manufacturers are developing eco-friendly materials, which are foreseen to offer rigid protection.

Personal Care Product Manufacturers Hike up the Usage of Elastic Cling Films in Spain

The elastic films industry in Spain is to display a CAGR of 2.5% by 2034. Among the primary drivers of the market are:

• The manufacturers of personal care products in Spain need elastic films that can meet higher product quality standards.
• Elastic polymers like styrene & propylene are vital for producing feminine care products due to their elastic film's leakage protection & longevity properties, leading to increased demand in Spain.
• There is an emergent demand in the Spanish infant care industry to create germ-proof diapers, bottle nozzles, and pacifiers.

Market Players Shaping the Outlook of the Elastic Film Market

The market is competitive and has evolved significantly in recent years. Elastic films are in high demand, especially in emerging countries. Manufacturers invest heavily in research and development, employ pristine machinery, and construct manufacturing facilities to keep up with the market demand and competition. Such methodologies are anticipated to improve production capabilities and stay ahead of the competition.

Top manufacturers are working to improve their distribution networks to make their products more accessible to customers. They want to meet the changing needs of consumers and maintain their market share in an industry that is growing quickly. Companies leveraging new technologies to meet consumer demands are projected to propel market growth in the forthcoming decade.

Recent Developments

• In February 2023, Michael Dickey and Camille Dreyfus, from North Carolina State University's Chemical and Biomolecular Engineering department, developed a technique using liquid metal to create an elastic material impervious to gases and liquids.
• In November 2017, Griffon Corp. secured a buyer for its Clopay Plastic Products subsidiary, Berry Global Group Inc., paying USD 475 million. Berry acquired Clopay Plastic, which includes manufacturing operations in Nashville, Augusta, Germany, São Paulo, and Suzhou.
• In February 2016, researchers at East China University of Science and Technology and Shanghai Jiao Tong University developed a high-strength carbon nanotube film that retains its elasticity, resulting in a significantly stronger material than Kevlar and carbon fiber.
• In April 2013, Dow's Hygiene and Medical unit introduced Infuse, a high molecular weight olefin block copolymer for film blowing, offering improved elasticity and soft stretch performance for elastic diaper components.

Key Companies in the Market

• Mondi plc.
• Golden Phoenix Fiberwebs, Inc.
• Neos Italia Srl
• Tredegar Corporation
• Pantex International S.p.A.
• Berry Global Group, Inc.
• Schweitzer-Mauduit International, Inc.
• Kraton Corporation
• Aplix S.A.

Key Coverage in the Elastic Film Market Report

• Rising Sales of Elastic Films in the United States
• Growth Analysis of the Demand for Stretchable Films
• Top 10 Emerging Trends in the Elastic Film Market
• Analysis of Growth Overview of Demand for Baby Care Products in the United States
• Sales Assessment of Market Dynamics of Elastic Packaging Film Market
• Development of the Silicone Release Film Market in the United States

Key Segments

By Material Type:

• Ethylene based elastomers
• Propylene based elastomers
• Styrene-block copolymers
• Others (PET based)

By Application:

• Hygiene
  • Feminine Care
  • Diapers
• Medical
• Other Applications

By End Use:

• Food and Beverage
• Pharmaceuticals
• Cosmetics and Personal care
• Automotive
• Electricals and Electronics
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Frequently Asked Questions

How Big is the Elastic Film Market?

The market is valued at USD 2.5 billion in 2024.

What is the Future Outlook of the Elastic Film Market?

The market to be valued at USD 3.4 billion by 2034.

What Industries Use Stretch Film?

Elastic films are used majorly in medical, personal care, and pharmaceutical industries.

What is the Growth Forecast for the Elastic Films Industry?

The market to register a CAGR of 2.90% from 2024 to 2034.

Which Material is in Significant Demand for Elastic Films in 2024?

Propylene based elastomers to acquire a 43.6% market share in 2024.