Global Thermal Film Market: An Overview

Thermal films are flexible films that can be used for lamination and packaging in several end-use industries. Thermal films are commonly made up of polyethylene terephthalate, nylon or polypropylene.  The use of thermal films helps in achieving superior aesthetics and a smooth flat surface. The most common application of thermal films is lamination over retail shopping bags, book covers, magazines and more.

Applications of thermal films are decided by the physical attributes of the substrate material used for the manufacturing of thermal films. Polyester based thermal films are employed for high-speed lamination, as these films possess superior adhesion and resistance against abrasion. This makes polyester-based thermal films a suitable choice for printing stocks that require heavy ink coverage. However, nylon-based films are capable of withstanding humid conditions without losing their structural integrity and form. Thus, these thermal films are employed for laminating book covers, folders, and others.  

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Global Thermal Film Market: Dynamics

Thermal films are available in matte, gloss, and velvet finishes. The use of these films is also done for enhancing the aesthetics of the package. This aids the manufacturers in achieving product differentiation, which translates into increased shelf visibility and thereby, increased sales. The adoption of these films by packaging manufacturers to enhance their shelf visibility is expected to boost the sales of thermal films in the years to come. Also, several publishing houses are employing thermal films for laminating book covers and magazines to attract buyers’ attention and impart a premium look to the product.

Furthermore, the penetration of thermal films is increasing in the packaging industry as the application of these films leads to surface protection during shipping and transit. Pouches, bags and other packaging formats are being laminated by thermal films to reduce damage occurring during the movement of goods across the value chain. This is more likely to result in reduced instances of returns, which take place due to damage occurred during delivery. Thus, the e-commerce industry is anticipated to pose remunerative opportunities for the growth of the thermal film market. Manufacturers of thermal films can leverage this potential by diversifying their product offerings and providing custom solutions for e-commerce packaging solutions.

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Global Thermal Film Market: Segmentation

Globally, the thermal film market is segmented on the basis of material, thickness, application, and finish.

On the basis of material, the global thermal film market has been segmented as follows

  • Bi-axially oriented polypropylene film (BOPP)
  • Bi-axially oriented polyethylene terephthalate film (BOPET)
  • Bi-axially oriented nylon-6 film (Nylon)

On the basis of thickness, the global thermal film market has been segmented as follows

  • Up to 50 micron
  • 50-80 micron
  • 80-120 micron
  • 120 micron and above

On the basis of application, the global thermal film market has been segmented as follows

  • Packaging
  • Printing & publishing
  • Lamination

On the basis of finish, the global thermal film market has been segmented as follows

  • Matte
  • Gloss
  • Velvet

Global Thermal Film Market: Regional Analysis

Geographically, the Asia Pacific region is expected to account for the majority of the share in the global thermal film market during 2019-2029. Increasing emphasis on the aesthetics of the packaging has led to a magnified demand for thermal films in the region. Thus, the region is projected to witness high growth during the period of forecast.

Moreover, emerging manufacturing sector in India and China is likely to pose lucrative growth opportunities for the thermal film market. The developed economies of North America and Europe are expected to pose a steady demand for thermal films in the years to come, owing to the well-established print & publishing industry in the region.  Also, established players in the print industry are likely to enter emerging markets, this is expected to surge the demand for thermal films used for lamination of book covers and magazines.

Global Thermal Film Market: Key Players

Some of the key players operating in the global thermal film market are Cosmo Films Ltd., International Imaging Materials, Inc., Jindal Poly Films Ltd., Mitsubishi Polyester Film, Inc., Dunmore Corporation, Henan Foils, Nobelus, and Jujo Thermal Ltd., among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional Analysis Includes-

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

Reports Highlights:        

  • A detailed overview of parent market
  • Changing thermal film market dynamics in the industry
  • In-depth thermal film market segmentation
  • Historical, current, and projected market size regarding volume and value
  • Recent industry trends and developments in the thermal film market
  • Competitive landscape
  • Strategies for key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for players to sustain and enhance their market footprint

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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