• About us
  • Contact Us
  • Submit a Press Release
Saturday, January 28, 2023
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
TheEast-Africana
No Result
View All Result
Submit PR
  • Ethiopia

    Botswana’s mining cadastre reveals hydrocarbon scramble…

    Rwanda, Botswana Police Forces Sign Cooperation Pact – KT PRESS

    From Pope Benedict XVI to Jacinda Ardern: The Challenge of Poor Health versus National Leadership – THISDAY Newspapers

    Uganda to Start Manufacturing Anti-Tick Vaccines

  • Kenya

    Eswatini: Government's message of condolence on passing of … – African Business

    Minister of Finance Neal Rijkenberg announces that Southern African Customs Union (SACU) receipts for Eswatini will increase by 102% in 2023/2024, the highest the country has ever received

    Türk condemns killing of Eswatini human rights lawyer, urges accountability

    Africa Live: UN rights chief condemns killing of Eswatini activist

  • Rwanda

    Lesotho: Zaly Challenges Dismissal – allAfrica.com

    Union Finance Minister Nirmala Sitharaman chairs Finance Ministers’ session of Voice of Global South Summit and highlights the role of G20 in helping the world navigate through multiple crises

    The Lesotho Evangelical Church of Southern Africa (LECSA) Leads Royal Family Prayer

    Under 19 WT20I WC : India thrash Sri Lanka, Rwanda stun Windies

  • Uganda

    Uganda ditches China on SGR – Kampala – Independent

    Farmers from Kenya, Uganda & Mozambique to Get Fertilizers

    EXCLUSIVE: How CAA Top Brass Sabotaged Certification of Entebbe Airport, Delaying Uganda Airlines Flights to UK

    Museveni urges overseas travel ban for Uganda MPs

  • MORE COUNTRIES
    • Burundi
    • Comoros
    • Djibouti
    • Eritrea
    • Ethiopia
    • Kenya
    • Madagascar
    • Malawi
    • Mauritius
    • Mozambique
    • Rwanda
    • Seychelles
    • Somalia
    • South Sudan
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • AFRICA
    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

  • Press releases
    Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

    Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

    Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

    Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

    Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

    Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

    The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

    The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

    Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period

    Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period

    Coconut Sugar Market is expected to grow at a CAGR 5.6 % during the Forecast Periods

    Coconut Sugar Market is expected to grow at a CAGR 5.6 % during the Forecast Periods

    Trending Tags

    • Ethiopia

      Botswana’s mining cadastre reveals hydrocarbon scramble…

      Rwanda, Botswana Police Forces Sign Cooperation Pact – KT PRESS

      From Pope Benedict XVI to Jacinda Ardern: The Challenge of Poor Health versus National Leadership – THISDAY Newspapers

      Uganda to Start Manufacturing Anti-Tick Vaccines

    • Kenya

      Eswatini: Government's message of condolence on passing of … – African Business

      Minister of Finance Neal Rijkenberg announces that Southern African Customs Union (SACU) receipts for Eswatini will increase by 102% in 2023/2024, the highest the country has ever received

      Türk condemns killing of Eswatini human rights lawyer, urges accountability

      Africa Live: UN rights chief condemns killing of Eswatini activist

    • Rwanda

      Lesotho: Zaly Challenges Dismissal – allAfrica.com

      Union Finance Minister Nirmala Sitharaman chairs Finance Ministers’ session of Voice of Global South Summit and highlights the role of G20 in helping the world navigate through multiple crises

      The Lesotho Evangelical Church of Southern Africa (LECSA) Leads Royal Family Prayer

      Under 19 WT20I WC : India thrash Sri Lanka, Rwanda stun Windies

    • Uganda

      Uganda ditches China on SGR – Kampala – Independent

      Farmers from Kenya, Uganda & Mozambique to Get Fertilizers

      EXCLUSIVE: How CAA Top Brass Sabotaged Certification of Entebbe Airport, Delaying Uganda Airlines Flights to UK

      Museveni urges overseas travel ban for Uganda MPs

    • MORE COUNTRIES
      • Burundi
      • Comoros
      • Djibouti
      • Eritrea
      • Ethiopia
      • Kenya
      • Madagascar
      • Malawi
      • Mauritius
      • Mozambique
      • Rwanda
      • Seychelles
      • Somalia
      • South Sudan
      • Tanzania
      • Uganda
      • Zambia
      • Zimbabwe
    • AFRICA
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    • Press releases
      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

      The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

      The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

      Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period

      Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period

      Coconut Sugar Market is expected to grow at a CAGR 5.6 % during the Forecast Periods

      Coconut Sugar Market is expected to grow at a CAGR 5.6 % during the Forecast Periods

      Trending Tags

      Submit PR
      No Result
      View All Result
      TheEast-africana
      Submit PR
      Home Press Releases

      Specialty Films Market Size Expected to Reach a Value of $48.19 Billion by 2026

      admin by admin
      February 4, 2022
      in Press Releases
      Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
      Share on FacebookShare on Twitter


      (EMAILWIRE.COM, February 04, 2022 ) Specialty Films Market size is expected to reach a value of $48.19 billion by 2026 and is set to grow at a CAGR of 5.6% during the forecast period from 2021-2026. The increase in the demand from the packaging industry is one of the significant factors driving the specialty films market. There has been a surging demand from the food packaging industry for films like polyvinylidene chloride, which is one of the modified plastic films that is used as a clear and flexible food wrap. Ethylene vinyl alcohol, a type of copolymer is also widely used for atmosphere packaging in the food packaging industry. Furthermore, specialty films such as fluoropolymers are also used in insulation of wires and polyamides for a wide range of applications in the automobile industry, textile industry, and others. Polycarbonate, a type of polymer is widely used in the optical industry. The increase in demand for various applications and the growth of end-use industries is driving the specialty films market.

      COVID-19 impact

      During the Covid-19 pandemic, the specialty films market witnessed a sharp decline in growth in terms of production, sales, marketing, and distribution. There were shutdowns and bans across various countries owing to the global pandemic covid-19. The restrictions in the trading activities such as exports and imports across the world hugely impacted the specialty films market. However, the specialty films market saw a considerable amount of growth during the end of the year 2020 and is set to improve further during the year 2021.

      Specialty Films Market Segment Analysis – By Resin Type

      Polyester segment held the largest share of 38% in the specialty films market in the year 2020. Polyester is widely used in various applications ranging from textiles, automobile, electrical and electronics and various other applications. Polyester provides various advantages such as strength and lightweight, which is increasing the demand for polyester. This is majorly driving the polyester segment in the specialty films market. According to European Association for Textile Polyolefins, the world production of polyester yarns was valued at 40760 tonnes during 2019, at an annual increase of more than 3% from the previous year production. This is one of the main factors driving the demand for polyester segment in the specialty films market.

      Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=502931

      Report Price: $4500 (Single User License)

      Specialty Films Market Segment Analysis – By Product Type

      Barrier films segment held the largest share of 43% in the specialty films market in the year 2020. Barrier films are modified plastic films that are used for air tight packing in the food industry. The increase in the demand for packaging food is one of the significant factors driving the demand for packaging in the food industry. According to Food and Agriculture Organization of the United Nations, the world export of food items increased during the year 2020, in spite of the global pandemic. Export of cereals increased to 433 million tonnes during the year 2020 from 423.7 million tonnes during 2019 at a rate of 2.1%; export of wheat increased to 177.5 million tonnes during the year 2020 from 175.1 million tonnes during 2019 at a rate of 1.3%; export of grains increased to 207.9 million tonnes during the year 2020 from 203.7 million tonnes during 2019 at a rate of 2.06%, and export of meat increased to 36985 thousand tonnes during the year 2020 from 36115 thousand tonnes during 2019 at a rate of 2.4%. The increase in the exports of food articles is increasing the demand for barrier films or modified plastic films in the specialty films market.

      Specialty Films Market Segment Analysis – By End-Use Industry

      Packaging industry held the largest share of 40% in the specialty films market in the year 2020. Specialty films are widely in the food packaging industry for atmosphere packaging. It is also used in various other applications such as consumer good, electronics and other applications. The increase in the demand for safe delivery of product, be it food or electronics, is one of the significant factor increasing the demand for modified plastic films. According to the recent data from World Packaging Organization (WPO), a global organization and regulatory body of the packaging industry, the annual turnover of the global packaging industry crossed the value of US$500 billion during the year 2019. This is further driving the demand for specialty films from the packaging industry.

      Specialty Films Market Segment Analysis – By Geography

      Asia-Pacific region held the largest share of 42% in the specialty films market in the year 2020. The rapid growth of key-use industries such as food industry, electronics & electrical industry and automobile industry in countries like South Korea, India and China coupled with the increase in the population is driving the specialty films market in the Asia Pacific region. According to International Data Corporation of China, by 2021 the information and communication technology industry of China is projected to reach US$8.1 trillion representing 55% of China’s GDP. This will increase the demand for polycarbonates, which is majorly used in optical fibers. According to Indian Brand Equity Foundation, electronic goods export between April 2020 to March 2021 was valued at US$11.11 billion and for the month of March 2021 it was US$1.40 billion. According to United Nations COMTRADE database, even though during the pandemic in the year 2020, the exports of electrical, electronic equipment in Japan was valued at US$102.55 billion, with only a slight decrease from the previous year. This is increasing the demand for specialty films market in the region.

      Specialty Films Market Drivers

      Growth of the construction sector

      The increase in the growth of the building and construction sector across the globe is one of the significant factors driving the specialty films market. Specialty films like high-performance films are widely used in the construction sector as window films, door sheets, frame sheets and other applications. Therefore, the increase in the growth and number of activities in the building and construction sector is driving the demand for specialty films market. According to the World Bank, the cost of expenditure in the construction industry across the world was estimated to reach US$11.9 trillion in the year 2020, which is an increase of 4.2% as compared to the previous year expenditure. This will further increase the demand for high performance films/specialty films from the building and construction sector.

      Growing pharmaceutical industry

      The growth in the pharmaceutical industry is contributing to the growth of the specialty films market. Specialty films such as modified plastic films and polyvinylidene chloride is used in the packaging of drugs and medicines in the pharmaceutical industry. According to the latest report published by European Federation of Pharmaceutical Industries and Associations, the pharmaceutical industry is growing and developing in the emerging and developed countries. During the period 2014-2019, the Brazilian pharmaceutical industry increased by 11.2%, Chinese pharmaceutical industry grew by 6.9% and the Indian pharmaceutical industry grew by 11.1%. Furthermore, during the year 2019, 48.7% North America contributed to 48.7% of the world pharmaceutical sales and Europe contributed to 22.9% of the sales. Therefore, the demand from the pharmaceutical industry has been increasing and is projected to increase further.

      Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=502931

      Specialty Films Market Challenges

      Harmful effects of polyester and other films

      Polyester and other such specialty films are very dangerous to the environment and the human health. Polyester is said to have caused health deficiencies in humans, which can sometimes also be fateful. Polyester releases chemicals like phthalates into the air or when it comes in contact with human skin. The factories where these films are produced lets out toxins that decreases the air quality and makes it an unpleasant place for living beings to live. This is one of the major factors restraining the growth of the specialty films market.

      Specialty Films Market Industry Outlook

      Facility expansion, product launch production expansion, investments, collaborations, partnerships, acquisitions and mergers are some of the key strategies adopted by players in the Specialty Films Market. Major players in the Specialty Films Market are Saudi Basic Industries Corporation, Covestro AG, Toray Industries Inc., DuPont Teijin Films, Honeywell International Inc., Berry Global Inc., Trico Specialty Films, Bemis Company Inc., Specialty Polyfilms Pvt. Ltd, Amcor Limited and Tufpak Inc. among others.

      Acquisitions/Technology Launches

      In June 2019 Amcor Limited acquired Bemis Company Inc. This acquisition facilitated in expanding Amcor Limited’s packaging segment in food, beverage, pharmaceutical, medical, home- and personal-care industry.

      Key Takeaways

      The Asia-Pacific region held the largest share in the specialty films market owing to an increase in the demand for packaging especially from the food industry and pharmaceutical industry.

      The increase in the demand for atmosphere packaging such as ethylene vinyl alcohol from food packaging industry is one of the significant factors driving the specialty films market.

      Specialty films such as high-performance films are also used in windows and other applications in the building and construction industry. This is driving the demand for specialty films market.

      Though the specialty films market witnessed a decline in the growth during the COVID-19 pandemic. However, the growth of the specialty films market will improve by the next year 2021.

      Related Reports:

      A. High-Performance Films Market

      https://www.industryarc.com/Research/High-Performance-Films-Market-Research-503079

      B. Global Polycarbonate Sheets and Films Market

      https://www.industryarc.com/Research/Global-Polycarbonate-Sheets-Films-Market-Research-502858

      For more Chemicals and Materials Market related reports, please click here

      About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



      Source link

      Previous Post

      3D TSV and 2.5D Market Size Forecast to Reach $154.8 Billion by 2026

      Next Post

      OTC Orthopaedic Braces Market Size Forecast to Reach $1.7 Billion by 2026

      Related Posts

      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)
      Press Releases

      Headlight Market to hit 11.09 Bn by 2029: Industry Analysis, Trends and Forecast (2022-2029)

      January 21, 2023
      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029
      Press Releases

      Transportation Seals market witness a growth rate of 7.9 % CAGR during 2022 to 2029

      January 21, 2023
      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement
      Press Releases

      Van Market to hit USD 146.85 Bn at a growth rate of 3.9 percent over 2022-2029 Technological advancement

      January 21, 2023
      Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period
      Press Releases

      Golf Club and Sets Market is expected to grow at a CAGR of 4.1% during the forecast period

      January 20, 2023
      Coconut Sugar Market is expected to grow at a CAGR 5.6 % during the Forecast Periods
      Press Releases

      Coconut Sugar Market is expected to grow at a CAGR 5.6 % during the Forecast Periods

      January 20, 2023
      Electric Construction Equipment Market to Hit USD 241.20 Bn. at Growth Rate of 6.8 percent by 2029
      Press Releases

      Electric Construction Equipment Market to Hit USD 241.20 Bn. at Growth Rate of 6.8 percent by 2029

      January 20, 2023

      Discussion about this post

      LATEST NEWS

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

      January 26, 2023
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

      January 26, 2023
      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      January 26, 2023
      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

      January 26, 2023

      About

      The East Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.

      We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. Submit a press release or contact us today.

      Categories

      ETHIOPIA

      KENYA

      RWANDA

      UGANDA

      MORE COUNTRIES

      AFRICA

      PRESS RELEASES

      Recent Post

      Recent Posts
      • Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya
      • The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.
      • The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

      Subscribe to Our Newsletter

        Share Us

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest

        Contact Us

        • +1 832 716 2363
        • +12816454086
        • Email: Email Us
        • Skype: groupwebmedia
        The East Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
        No Result
        View All Result
        • Ethiopia
        • Kenya
        • Rwanda
        • Uganda
        • MORE COUNTRIES
          • Burundi
          • Comoros
          • Djibouti
          • Eritrea
          • Ethiopia
          • Kenya
          • Madagascar
          • Malawi
          • Mauritius
          • Mozambique
          • Rwanda
          • Seychelles
          • Somalia
          • South Sudan
          • Tanzania
          • Uganda
          • Zambia
          • Zimbabwe
        • AFRICA
        • Press releases

        Share on facebook
        Share on twitter
        Share on linkedin
        Share on pinterest
        © 2023 The-East-Africana