Dietary preferences of the general population, especially those living in urban settings, have experienced significant transformation. Consumers’ reliance on packaged food has pushed manufacturers to adopt nylon films as they provide strong barrier properties and are stronger and more durable than their counterparts. The market is in line to grow at a steady pace of 3.4% through 2034.
The packaging industry is also evolving rapidly. New methodologies are entering the market with new promises and enhanced capabilities.
Nylon films for liquid packaging, one such innovation getting increasingly popular, is also one of them. Investments by major packaging industries is set to take the market valuation to a substantial USD 432.5 million in 2024.
The sector-wide trend of sustainability has also influenced the market. Advancements in recycling technology have also made disposal of nylon films easy. With more companies adopting eco-friendly practices to cater to the demands of eco-conscious consumers and businesses, the valuation of the market is on track to surpass USD 604.3 million by 2034.
Attributes | Details |
---|---|
Market Value for 2024 | USD 432.5 million |
Projected Market Value for 2034 | USD 604.3 million |
Value-based CAGR of the Market for 2024 to 2034 | 3.4% |
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Various variants of nylon can be utilized for nylon packaging such as Nylon 6, Nylon 6, 6, and Nylon 6, 12. Among these Nylon 6 is estimated to hold the dominant market share of 62.20% as of 2024.
Attributes | Details |
---|---|
Material Type | Nylon 6 |
Market Share (2024) | 62.20% |
Manufacturing companies are increasingly preferring Nylon 6 over any other variant because of their cost-effectiveness compared to other nylon variants such as Nylon 6,6. This helps manufacturing companies save an enormous amount of financial capital. Their versatility is also unmatched and they offer a balance of mechanical properties, chemical resistance, and processing characteristics. This makes them a perfect choice for a wide range of applications in industries.
Nylon films, in the packaging world, are used in various industries such as food, beverage, personal care and cosmetics, home care, and industrial. Among these, the beverage segment is anticipated to hold a market share of 34.10% in 2024.
Attributes | Details |
---|---|
End Use | Beverage |
Market Share (2024) | 34.10% |
The beverage industry, globally is going through a significant upsurge, thanks to the advent of energy drinks, gamer drinks, and sugar-free drinks. The flexibility of nylon films has made them a perfect solution for packaging liquefied drinks.
The printability of nylon films is also a major factor in why beverage manufacturers prefer them for packaging. This way, companies are marketing their products effectively by inculcating interactive designs on their products.
Countries | CAGR (2024 to 2034) |
---|---|
India | 4.50% |
Thailand | 4.00% |
China | 4.00% |
Japan | 3.90% |
South Korea | 3.70% |
The market in India is slated to grow at a CAGR of 4.50% for the forecasted period of 2024 to 2034. Globalization reforms in India, post-1991, have made the entry of multinational companies in the country very feasible. Since then, a substantial amount of food and beverage companies have entered the Indian market.
This advent of companies in the ever-growing food and beverage sector in India has led to the astronomical adoption of nylon films for liquid packaging. Apart from this, the pharmaceutical industry in India since the pandemic has also been increasingly preferring nylon films for packaging medications.
Thailand is a lucrative country in this market. The market in Thailand is slated to grow at a CAGR of 4.00%.
A substantial amount of the Thai annual GDP comes from the hospitality and tourism sector. These industries generate great demand for nylon films to package snacks, condiments, sauces, and pre-packaged meals.
Hotels, resorts, restaurants, and catering services in Thailand also use nylon films for packaging toiletries such as shampoo, conditioner, body wash, soap, and dental kits.
The market in China is a promising one. It is slated to grow at a CAGR of 4.00% through 2034.
China is one of the largest producers of chemicals and associated products in the world and it has been increasingly using nylon films to package various chemicals, solutions, disinfectants, etc. Apart from this, the market in China is also experiencing an upsurge due to the country’s enormous population and its reliance on packaged food and beverages.
The Japan nylon films for liquid packaging market is projected to flourish in the coming years. It is slated to grow at a CAGR of 3.90% through 2034.
The Japanese pharmaceutical industry is recognized for being advanced. Over the years, due to the recent pandemic, its prominence in the international market has shattered the ceiling. This has created a conducive environment for nylon films as a substantial amount of the liquid products in the Japanese medical industry are packaged using them.
The Japanese tradition of fast food and on-the-go consumption trends due to the busy lifestyles of people have forced manufacturers to curate small packets of their products, which has eventually generated an excellent demand for nylon films.
The future of the South Korea nylon films for liquid packaging market looks bright. The market is slated to grow at a CAGR of 3.70% through 2034.
Nylon films are used in the primary packaging of various cosmetics including creams, lotions, and serums. With Korean beauty products gaining impetus around the world, the sales of nylon films for liquid packaging are very likely to skyrocket in the coming years.
These films also allow manufacturers of cosmetic products to print visually appealing designs and graphics on the packaging. In the world of premiumization, this gives their products a competitive edge over their rivals.
The market is heavily dependent on the performance of various sectors such as food and beverage, cosmetics, chemicals, etc. Any fluctuation in these significantly affects the growth rate negatively.
Key companies involved in the nylon films for liquid packaging solutions sector are pouring billions of dollars into curating packaging solutions that are sustainable yet cost-effective.
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The market is expected to be worth USD 432.5 million in 2024.
The market is expected to reach US$ 604.3 million by 2034.
The market is anticipated to develop at a CAGR of 3.4% from 2024 to 2034.
Samsung Group, LG, Apple, Whirlpool, etc., are some of the major players in the nylon films for liquid packaging industry.
The market valuation in 2023 was USD 416.3 million.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 5.1. Nylon 6 5.2. Nylon 6,6 5.3. Nylon 6,12 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 6.1. Pouches 6.2. Bags 6.3. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Hot Fill Packaging 7.2. ESL (Extended Shelf Life) 7.3. Aseptic Packaging 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use Industry 8.1. Food 8.2. Beverages 8.3. Personal Care & Cosmetics 8.4. Home Care 8.5. Industrial 8.6. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Amcor Ltd. 19.2. Sealed Air Corporation 19.3. JINDAL NYLON FILMS 19.4. Elopak SA 19.5. Coveris 19.6. Nampak Ltd 19.7. SIG Combibloc Group AG 19.8. Uflex Ltd 19.9. Constantia Flexibles Group GmbH 19.10. Berry Global Group, Inc 19.11. Tetra Pak International S.A. 19.12. DS Smith Plc 19.13. The Mondi Group plc. 19.14. International Paper Company 19.15. Winpak Ltd. 19.16. Clondalkin Group Holdings B.V. 19.17. Glenroy, Inc 19.18. Polyoak Packaging (Pty) Ltd 19.19. Paharpur 3P 19.20. Printpack, Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
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