The Silky Matte Film Market size is projected to be worth USD 218.5 million in 2023. The market is likely to surpass USD 317.3 million by 2033 at a CAGR of 3.8% during the forecast period.
The silky matte film has outstanding scuff resistance and bind strength with paper and various flexible packaging laminates. It is suitable for use in post-lamination processes such as foil stamping and UV spot coating. It also has a high transmittance, which improves reverse printability. Due to its excellent frictional qualities, its package has superior shelf stability. The film has an extrusion-coated surface with low temperature melting resin, allowing for heat and pressure lamination of the film to paper products. BOPP silky matte film creates a luxurious appearance and enhances the looks of books cover, food packaging, cosmetics packaging and other printed material.
Drivers Propelling the Demand for Silky Matte Film include:
Challenges for Companies /Manufacturers in the Silky Matte Film Market:
Opportunities in the Silky Matte Film Industry:
Latest Trends in the Silky Matte Film Market:
| Attribute | Details |
|---|---|
| Silky Matte film Market Size (2023) | USD 218.5 million |
| Silky Matte film Market Projected Size (2033) | USD 317.3 million |
| Value CAGR (2023 to 2033) | 3.8% |
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From 2018 to 2022, the global silky matte film market experienced a CAGR of 2.8%, reaching a market size of USD 210.5 million in 2022.
Concerns have been raised regarding the propensity of plastic matte films to promote the flow of vapors and gases, which can degrade the consistency of novel coatings and barrier films addressing the health of packaging goods. Matte films, for example, are increasingly used in digital packaging to improve the shelf-life of the product and provide a clear indicator of its quality and status.
From 2018 to 2022, with the rise in number of applications of the product in various industry, the market growth can be seen. Also, with the eco-friendly properties of silky matte films, the demand in e-commerce sector is increasing.
Looking ahead, the global silky matte film industry is expected to rise at a CAGR of 3.8% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 317.3 million.
End Use industries such as food & beverage, personal care, pharmaceuticals, automotive and other end use industries are increasing adopting the silky matte film. The current growth of e-commerce sector is boosting the market, which indirectly boost the growth of market in emerging economies. North America region is expected to dominate the market. The strong presence of key players in North America is boosting the market growth.
| Country | United States |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 46.8 million |
| CAGR % 2023 to End of Forecast (2033) | 3.3% |
The silky matte film industry in the United States is expected to reach a market share of USD 43.8 billion by 2033, expanding at a CAGR of 3.3%. The rise of the packaging sector and consumption of packaged foods is driving the growth of United States market.
This increase can be attributed to the rising use of these films in surface coatings to prevent photocopying across the United States. Nowadays, some companies in the United States use film as a security printing medium on top of official papers such as passports and driver's licenses, which aids in the prevention of counterfeiting and duplication.
The BOPP segment is expected to dominate the silky matte film industry with a CAGR of 3.1% from 2022 to 2033. BOPP silky matte film has a surface and hot melt adhesive layer by extrusion coating. These films have some luxurious features such as excellent resistance to tear and elongation, matte surface suitable UV spot varnishing foil stamping which is useful for any type of packaging.
The laminated segment is expected to dominate the silky matte film industry with a CAGR of 4.0% from 2022 to 2033. Laminated silky matte film conceals tiny flaws in packaging materials and adds a tactile sense to the box, making it more appealing to touch and hold. Matte lamination lowers glare and reflection, making it excellent for materials that will be viewed under bright lighting or in direct sunlight.
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The silky matte film industry is highly competitive, with new entrants trying to gain market share. The major key players are focusing on research and development which can help to keep them updated with latest technologies and trends.
Key Strategies Adopted by the Players:
Strategic Partnerships and Collaborations
The new entrants are collaborating to gain competitive advantage, and gain access to latest technologies. The major key players are adopting these strategies to enter new markets.
Increasing Product Efficiency and Accuracy
The major key players are focusing on product innovations, and develop market opportunities. This can eventually increase the adoption rate of the silky matte film.
Expansion into Emerging Markets
The major key players are investing and expanding their channels into the emerging economies which can help them gain market position. And will help them to increase their customer base. The companies are also investing in research and development to increase the application of product in different industries.
The market is expected to thrive at a 3.8% CAGR through 2033.
In 2023, the market is predicted to be worth USD 218.5 million.
By 2033, the market is estimated to attain USD 317.3 million.
The market evolved at a 2.8% CAGR between 2018 and 2022.
With a CAGR of 3.1%, the BOPP category is predicted to dominate the industry.
The silky matte film industry in the United States is poised to expand at a 3.3% CAGR.
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Silky Matte Film Market
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