USD 19.20 Billion
Report ID:
SQMIG35A2907 |
Region:
Global |
Published Date: September, 2024
Pages:
169
|Tables:
0
|Figures:
0
Global Breathable Films Market size was valued at USD 19.20 Billion in 2023 and is poised to grow from USD 20.21 Billion in 2024 to USD 29.02 Billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).
Water vapor permeable breathable films are inexpensive polymer-based films that control moisture for a range of end-use applications in products, including adult incontinence and feminine hygiene to diapers where breathability is an essential factor. They are used as roofing membranes very commonly. The market will grow due to the growth in the building and construction industry and increasing demand for food packaging. Moreover, the breathable films market is expected to grow at a higher rate during the forecast period due to the growing building and construction industry with an increased demand for food packaging. Other benefits of breathable films are improved dispersion, broader breathability range, longer shelf life, UV stability, and good process characteristics. Regular disposal of diapers leads to severe land pollution and massive quantities of untreated trash. Due to these factors, in addition to increased awareness among parents regarding infant hygiene and ecological risks, biodegradable diapers with breathable films are becoming increasingly popular. Adult incontinence triggered by increased levels of obesity in the aging population fuels the market growth. Moreover, the growing money invested in real estate projects is expected to boost breathable films demand for the construction business. For instance, breathable protection for sensitive skin can be provided by the Textile back sheets of the company Trioworld. Adult incontinence products, infant diapers, surgical drapes, and other hygiene products make use of PE laminates and films.
Global Market Size
USD 19.20 Billion
Largest Segment
Polyethylene
Fastest Growth
Hygiene & Personal Care
Growth Rate
5.3%
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The Global Breathable Films Market is segmented into material, technology, end use, and region. By material, the market is classified into polyethylene, polypropylene, polyester, polyurethane. Depending on technology, it is categorized into monolithic and micro-porous. According to end use, the market is divided into hygiene & personal care, medical, packaging, and construction. Region wise, it is analyzed across North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa.
Analysis By Material
In the forecasted future, the polyethylene segment's share is predicted to be the largest in the market. This is essential because polyethylene has proved to be reasonably priced and highly breathable. Thus, it is highly attractive in the hygiene market. Applications of PE are very widespread as a barrier film in various products such as adult incontinence, surgical drapes, and diapers for babies. As it is relatively inexpensive to make and can help promote cleanliness by adding resistance to moisture, it witnesses widespread usage. Its demand has increased with the increased demand for its complementary products in adult incontinence, sanitary pads, and diapers. The polyethylene segment can be expected to rise over the industry's forecast period due to the need for these products to rely on polyethylene-based films to minimize moisture and lessen the risk of skin infections
However, the polyurethane segment is expected to depict a significant growth during the forecast period. These are valued assets for the medical sector. These films can be used in a wide range of applications, including wound dressings, liquid and virus barriers, transdermal components, and waterproof-breathable medical fabrics. In the medical realm, polyurethane films play an essential role due to their unique features, such as breathability and waterproofing. Comfort and protection both bear equal significance. The polyurethane segment is expected to gain considerable increases because of its rising acceptance for sophisticated medical and healthcare applications, with continual technological breakthroughs and developing needs for high-performance medical materials.
Analysis By End Use
The largest share was held by the personal care and hygiene application in 2023, and it is anticipated to hold its place during the forecast period. Breathable film utilized in feminine hygiene shows growth opportunities owing to the surge in using diapers and related products. The trend is towards more advanced and environmentally friendly commodities. With personal hygiene and health-related concerns gaining momentum, producers are producing biodegradable sanitary napkins and diapers that meet the stringent cleanliness criteria yet are more eco-friendly. The trend for sustainable products, therefore, would predict to lead to substantial development in the sector since customers and manufacturers are considering health and environmental effects.
Contrarily, the benefits from breathable packaging technologies are predicted to create significant growth in food packaging applications during the projection period. Such packaging improves preservation through the control of the internal environment in the package, hence controlling the rates of oxygen and moisture within. Breathable packaging, therefore, prolongs the freshness of food items through the reduction in the growth of bacteria, hence increasing the product's shelf life. With increasing demand for long-term preservation methods of food in a convenient manner, the breathable packaging will further evolve. The invention satisfies consumers' expectations concerning efficiency and ecological sustainability; this enhancement of food quality takes place at the same time.
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Increasing applications for packaging materials in F&B, personal care, and pharmaceutical products are expected to drive the size of the Asia-Pacific market to the leading position in the regional market. Regional market growth can be attributed to an increasing demand for sanitary infant care products in China and India, which in turn can be linked to changes in lifestyle, an increase in the number of working moms, and an increase in per-capita disposable income. Packaging sector is the sixth largest industry in India. IIP said, "India's packaging consumption surged by 200% in the last decade from 4.3 kgs to 8.6 kgs per person per annum as of FY-20, while IIP added that rising consumer awareness, growing income levels, and surge in consumption of processed food will be driving the India packaging sector. A high volume of packaging spending in food processing, pharmaceutical, protective apparel, and personal care end-use industries is expected to drive the growth of the packaging market in the region.
On the contrary, the regional market is expected to grow during the forecast period owing to growing building and construction industry in the North American region. The increasing building and construction processes in the U.S and Canada, together with growing investment in the infrastructure development by enterprise and government agencies, will drive the growth of the industry in the region. In the construction industry, polyethylene films are used for covering an area and costly equipment and machinery to protect them. The main driver of the growth in size of the polyethylene market is the growth in the US markets for food packaging, heavy-duty sacks, and shopping bags.
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Drivers
Rise in Demand for Diapers for Babies
Increase in Demand for Food Packaging Applications
Restraints
Exorbitant Production Cost
Environmental Impact of Non-Biodegradable Materials
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The breathable films market has a competitive global market share, as there are well-recognized key players operating in the market. Most of the key players operating in the market are collaborating, building capacity, introducing new products, and diversifying their customer segment, which may increase the overall revenue of their respective company. There will be intense competition among key players, as manufacturers are investing in global expansion, during the forecast period.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, an increase in demand for hygiene products due to increasing per capita income and rising health and hygiene awareness has served as a key growth driver for the global breathable films market. Premium hygiene products are gaining momentum, especially in Tier I cities. Surging consumption of breathable films in premium hygiene products is propelling the market in developing countries. In less developed countries, hygiene products have low consumption due to low penetration. Currently, the penetration rates in large-population countries with high birth rates are quite low. However, it is expected that as per capita income rises, consumer tastes change, and knowledge about health and hygiene improves, demand will increase sharply. There is large scope for breathable films and sanitary products to develop in emerging economies such as China, India, and Indonesia.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 19.20 Billion |
Market size value in 2031 | USD 29.02 Billion |
Growth Rate | 5.3% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Breathable Films Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Breathable Films Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Breathable Films Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Breathable Films Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Report ID: SQMIG35A2907