Global Graphic Films Market: Snapshot
The global graphic films market is forecast to push its growth forward while riding on promising trends observed in the e-commerce sector. Nonetheless, industry players could find favorable opportunities also birthing in other profit-making sectors such as retail, promotion and branding, automotive, and construction. While this could help the market to impress with its growth, there are certain other prospects anticipated to take shape with the growing application of opaque films. Such types of films could be significantly demanded because of their high durability, excellent printability, light weight, and ease of use. Other applications such as anti-graffiti, advertisement pamphlets, and promotional banners could also up the demand for graphic films.
The global graphic films market is envisioned to rise at a CAGR of 5.3% during the forecast period 2017-2022 to reach a revenue of US$33.7 bn by the end of 2022. In 2017, the market was valued at a US$26.0 bn.
Companies Mark Revenue from Transparent Films Leading Market Growth
The world graphic films market is prognosticated to be segregated into opaque, transparent, translucent, and reflective and other films, as per type of film. Out of these, transparent films could account for a larger share of US$10.4 bn by the end of 2022. The annual absolute growth of this segment is predicted to be greater than that of other film types. It could grow at a US$0.3 bn on an annual basis.
With respect to material type, the world graphic films market could be classified into polyvinylchloride (PVC), polypropylene (PP), and polyethylene (PE). In terms of end use, the market is foreseen to be divided into automotive, promotion, advertising, and branding, and industrial and other end-use sectors.
All of these segments studied in the publication are meticulously and thoroughly analyzed based on revenue, market share, and year-on-year growth comparison by region.
APEJ Offers Lucrative Business Openings while Rising at Higher Growth Rate
On the regional front, the world graphic films market is foretold to be cataloged into Asia Pacific Excluding Japan (APEJ), which could secure a king’s share by 2022 end. The analysts authoring the report are of the viewpoint that APEJ could be a more attractive market. It is prophesied to produce an absolute revenue opportunity of US$2.9 bn between 2017 and 2022.
However, the Middle East and Africa (MEA) and Japan could exhibit a sluggish growth in the coming years. The MEA is expected to expand at a CAGR of 5.4% whereas Japan could be valued at a US$0.9 bn by the completion of the forecast timeframe. Nevertheless, Europe and North America are expected to offer better hopes with their improving growth in the international graphic films market. Latin America is projected to be another region important for the growth of the market.
Some of the players projected to make their prominence known in the worldwide graphic films market could be 3M Company, E. I. du Pont de Nemours and Company, Constantia Flexibles Group GmbH, Avery Dennison Corporation, Amcor Limited, DUNMORE Corporation, Achilles Corporation, Hexis S.A., Arlon Graphics, LLC, and Dunmore Corporation.
Global Graphic Films Market: Overview
The global graphic films market is predicted to find major applications in the advertising and automotive industries. Graphic films could be increasingly engaged for manufacturing vehicle wraps and promotional banners. Moreover, compared to traditional types of films, graphic films are expected to be a cost-effective alternative. Transitions caused in the lifestyle of consumers as a result of improving purchase power and aggressive technological developments could be responsible for the further growth of the market.
The report presented herewith is a brilliant compilation of significant studies of the global graphic films market. Buyers of the report will be exposed to some of the most important factors of the market affecting its growth and future projections. Each segment of the market is carefully analyzed with special focus on their future prospects and statistical information.
Global Graphic Films Market: Dynamics
The world graphic films market is foretold to witness the dominance of polyvinylchloride (PVC) expected to be retained in the near future. While there could be various end users associated with the market, the advertisement sector could showcase a stronger growth. The automotive sector is projected to tread on the heels of the advertisement sector in the coming years. Asia Pacific could be empowered with a major uplift due to its bolstering economic condition. The International Monetary Fund (IME) had declared the economy of Asia Pacific to have grown by an over 5.0% in 2016, and is anticipated to rise further between 2017 and 2022.
Global Graphic Films Market: Segmentation
The international graphic films market is predicted to be segmented as per three categories, i.e. type of film, type of material, and end use. According to film type, the market could be classified into opaque, transparent, translucent, and reflective and other films. Among these segments, transparent films could garner a colossal growth in the market for the coming years. In 2017, this segment collected a share of 32.7% in the market.
In terms of material type, the international graphic films market is prophesied to be segregated into PVC, polypropylene (PP), and polyethylene (PE) and other materials. By end use, the market could see a segmentation into automotive, promotion, advertising, and branding, and industrial and other end-use sectors.
Geographically, the international graphic films market is envisaged to testify the leading position of Asia Pacific Excluding Japan (APEJ) expected to be maintained all through the course of the forecast timeframe 2017-2022. This regional market could rise at a 7.0% CAGR. North America and Europe could be the other larger regions but with a lesser growth than APEJ. Japan and the Middle East and Africa (MEA) are forecast to exhibit a slower growth in the market. The report also foresees Latin America as a vital region of the market.
Global Graphic Films Market: Competition
The worldwide graphic films market could include dominant companies such as 3M Company, E. I. du Pont de Nemours and Company, Constantia Flexibles Group GmbH, Avery Dennison Corporation, Amcor Limited, DUNMORE Corporation, Achilles Corporation, Hexis S.A., Arlon Graphics, LLC, and Dunmore Corporation.