The global scrim reinforced films market is anticipated to accumulate a market value of US$ 41.6 billion in 2023 and is expected to garner a valuation of US$ 71 billion by exhibiting a CAGR of 5.4% in the forecast period 2023 to 2033. The scrim reinforced films market reflected a growth of 4% CAGR in the historical period 2018 to 2022.
Scrim reinforced films are increasingly used in the labeling, packaging, and lamination industries. Due to their inherent moisture barrier qualities, seal ability, great clarity and image reproduction, and shelf appeal, these films are the preferred substrates for food packaging worldwide. Due to their affordability and recyclable nature, these films are becoming more and more popular because they are eco-friendly. The Ultraviolet protection feature makes these films an ideal solution for packaging industries.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2023 | US$ 41.6 billion |
Projected Market Value in 2033 | US$ 71 billion |
Growth Rate (2023 to 2033) | 5.4% CAGR |
Rising consumption of packaged items, which need packaging to protect the commodities from damage and contamination, was brought on by the flourishing growth of e-commerce in food and beverages, the better economic climate, and inflating disposable income. Over the forecasted period, this trend is expected to increase the vendor's production capacity and growth which will directly drive growth in the target market.
Polyethylene-reinforced films are available in many sizes, shapes, and materials and are much easy to adapt for various applications, this versatility of poly films is making them a perfect alternative in numerous industry verticals. Scrim poly films are lightweight and require low manufacturing costs compared to other substitutes, which also favors their adoption in numerous applications. Poly scrim films possess excellent impact resistance qualities and are highly flexible, making them perfect as a packaging solution. Poly films are being used for the transportation of consumer electronics and secure packaging. This is anticipated to accelerate product demand during the forecast period.
Along with this, construction activities have augmented globally and these films have found use in this sector as well. Along with the construction sector, the usage of scrim poly films has increased in various other industries including pharmaceutical, agriculture, packaging, and others. This is expected to fuel the sales of poly films in the coming years. Moreover, the packaging industry is also expected to propel the shipments of poly films due to the increasing sales of numerous products.
Region-wise, the market in Asia Pacific is expected to garner the largest revenue share of over 40% by end of the forecast period. Rapid industrialization, urbanization, better lifestyles in developing countries, infrastructure development activities as well as production and sales of electrical & electronics products, and rising demand from the pharmaceutical industry for laminating are some factors anticipated to drive the market growth in this region.
Similarly, North America is projected to register a revenue CAGR of 5% during the forecast period. Increasing demand for flexible packaging for products such as cosmetics, food and beverages, personal care, and pharmaceuticals is a key factor contributing to the market growth of reinforced scrim films. Increasing sales of electronics products are further augmenting the revenue growth of the market.
How Competitive is the Market?
Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing scrim reinforced films are expected to create lucrative opportunities for market growth during the forecast period.
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Scrim reinforced polyethylene films are versatile, lightweight, and high-strength laminate that is used as a base substrate for the production of excellent quality adhesive tapes. They are mainly composed of three layers: poly film, scrim & poly film.
Owing to their high tear resistance and UV resistant properties, they are used in rain shed covers, stockpile covers, soil remediation, agricultural covers, etc. Considering their physical properties, versatility, lightweight, high strength, and exceptional high tear and puncture resistance are anticipated to boost the scrim-reinforced films market.
Also, the virgin resin in the scrim-reinforced films makes the film more durable which then can also be used in food-grade packaging and aquaculture applications.
The scrim-reinforced films are not only limited to the packaging (wet adhesive tape for sealing cardboard boxes, etc.) but also to other applications like the metal industry, wood processing industry, handicraft, jewelry craft, food technology, construction industry, and others.
Excellent durability and exceptional high tear and puncture strength are driving the scrim-reinforced films market thereby creating new opportunities and applications.
Scrim reinforced films are not only limited to protection purposes but also to give strength to the products in the clothing industry. Recently, Finess Hygiene AB added reinforced scrim towels to their new products in their product assortment. Scrim Towel is applicable for the person in operation theatres and healthcare, where strength, durability, and absorption are highly required. The reinforced polyester net gives strength to the product.
Scrim reinforced films are mainly applied over the scrim reinforced transfer tape which is designed for difficult bonding applications. The demand for the scrim reinforced transfer tape is not only limited to cardboard packaging, food applications, construction, agriculture, etc. but also in the automobile industry which uses it for a variety of attachment and bonding solutions.
3M produces a variety of attachment and bonding solutions that improve safety, functionality, and comfort to the vehicles with the help of scrim-reinforced tapes to solve a variety of automotive manufacturing challenges. Majorly, scrim-reinforced tapes are used for noise reduction in vehicles.
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The scrim-reinforced film manufacturing machinery is expensive to set up, which can affect the market for developing countries and the new entrants/players in the market.
Also, the manufacturing of the scrim-reinforced films during the rainy season or humid environment is very challenging, as it requires control of the moisture levels during the complete manufacturing process, or if not done, can affect the adhesiveness of the tape.
Key players such as
are actively involved in offering scrim reinforced films market for different applications.
The manufacturers involved in the manufacturing of scrim-reinforced films are coming up with innovations in the form of the plastic material used in the manufacturing of the films. Also, the Key players are expanding their manufacturing facilities to serve the increasing demand for vegan proteins.
The presence of technological advancement along with the growth in industrialization are uplifting the scrim-reinforced film market. Also, the presence of key players like Scapa, Biolink Tapes (Saint-Gobain), and many others is rising the market for scrim-reinforced films.
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