The global sales self-adhesive films market are estimated to be worth USD 58.1 billion in 2021 and are anticipated to reach a value of USD 99.8 billion by 2031. Sales are projected to rise at a CAGR of 5.6% over the forecast period between 2021 and 2031. The revenue generated by self-adhesive films in 2020 was USD 55.0 billion.
Demand for versatile, easy-to-apply, and durable packaging and labeling solutions drives continuous growth in the self-adhesive films market within such industries as food & beverage, automotive, healthcare, and consumer goods. These films offer a wide scope of functionalities, from branding and decoration to protection and information dissemination, thus finding their place as an integral component in modern packaging and manufacturing processes.
The demand for self-adhesive films is on the rise owing to a shift toward flexible packaging solutions. Self-adhesive film provides an efficient and cost-effective way of packaging products; among the major benefits accruable to it are ease of application, less time taken to package the product, and enhanced shelf appeal.
In the automotive industry, self-adhesive film finds widespread applications in vehicle wraps, window tinting, and protective coatings. Trending customization of vehicles, combined with growing usage of protection films for better looks and durability of vehicles, drives demand in this segment.
Global Self-adhesive Films Market Industry Assessment
Attributes | Key Insights |
---|---|
Historical Size, 2020 | USD 55 billion |
Estimated Size, 2021 | USD 58.1 billion |
Projected Size, 2031 | USD 99.8 billion |
Value-based CAGR (2021 to 2031) | 5.6% |
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Self-adhesive films are used in a variety of ways and are simple to utilise. To attach two surfaces, self-adhesive films are used. These films are catalysed adhesives that come in the shape of a film and contain compounds like phenolic and epoxy. On one side these films have pressure-sensitive adhesives. Self-adhesive films are major of two types as printable and non-printable.
Based on formulating technology, self-adhesive films can be made by calendaring or casting and these technologies are gaining popularity among manufactures and favouring the growth of the self-adhesive films market.
Additionally, these films are widely used in the packaging, automotive, construction and advertising sectors. The global market for self-adhesive films is expected to remain positive throughout the forecast period.
In automotive industry, the demand for self-adhesive films are increasing due to its extensive use for door hinge washers, reinforcement plates, and bracket attachments which is expected to fuels the market growth.
These films are quick to attach as they are self-adhesive, inexpensive and can be easily changed. Furthermore, significant growth in various industries is projected to propel the growth of the self-adhesive films market.
Across the globe, in shipping & logistics sector, the demand for self-adhesive films is consistently increasing as it offers high adhesive strength, durability, and elasticity enable them to be used in a variety of applications.
Therefore, due to the increasing usage of corrugated packaging by manufacturers in the shipping & logistics sector is projected to bolster the sales of self-adhesive films.
The top global manufacturers in the market are introducing antimicrobial films along with customization which is favouring the demand of the product. Self-adhesive antimicrobial films will safeguard the product and increase the consumption among consumers.
However, these trend adopted by self-adhesive films manufacturers is expected to propel the growth of the market in the forecast period.
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Polypropylene, polyvinyl chloride and other plastic materials are the raw materials which are used for self-adhesive films. It has observed that the prices of these raw materials has a higher initial cost which is restraining the growth of the self-adhesive films market.
Global players:
Asia Pacific players:
The key players adopt various strategies such as product launch, merger & acquisition, innovation and others to survive the competition in the market.
In the North American region, USA is the fastest growing country in the industrial sectors and accounted for the prominent share of the self-adhesive films market. The growth of the market is recognised by the substantial demand for self-adhesive films from the chemical and building & construction industry in the country and is expected to propel the growth of the target market.
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