Specialty Films Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to specialty films market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Specialty Films Market News

in Specialty Films Market
  • December 2024: Berry Global Group, Inc. and VOID Technologies announced a partnership to launch high-performance sustainable polyethylene (PE) film specially designed for flexible pet food packaging. The new film boasts better strength, toughness, and puncture resistance and enables a recyclable all-PE format in formerly multi-material packages, making it a plastic sustainability goalsetter.
  • September 2024: Inteplast Group acquired a paper packaging manufacturing company, which will now be included in its Integrated Bagging Systems (IBS) Division. In addition, Inteplast's Barrier-Bac anti-vapor film is being used in a residential building project in the Washington, D.C., area and South Carolina, an expansion of XF Films.
  • June 2024: Avery Dennison introduced SP 1504 Easy Apply RS, a sustainable digital print film for vehicle graphics and corporate identity in Australia and New Zealand. The film reduces greenhouse gas emissions by 53%, is phthalate-free and chlorine-free, and offers higher printability and fast installation through Air Egress technology.
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Global Specialty Films Market size was valued at USD 41.43 Billion in 2023 and is poised to grow from USD 43.27 Billion in 2024 to USD 62.57 Billion by 2032, growing at a CAGR of 4.45% in the forecast period (2025-2032).

With companies leading strategies such as material innovation, geographic diversification, and sustainability collaborations, the global specialty films market is fairly concentrated. For example, Toray Industries is expanding into carbon-neutral film production. Covestro and Mitsubishi Chemical focus on recyclable and bio-based films. Vertical integration is enhanced by M&A, for example, Berry Global's acquisition of specialist packaging plants. AI is also utilized by most leaders to refresh operations and develop portfolios of top-performing films. 'Toray Industries, Inc.', 'Covestro AG', 'Mitsubishi Chemical Corporation', 'DuPont de Nemours, Inc.', '3M Company', 'Berry Global Inc.', 'Amcor plc', 'Saint-Gobain Performance Plastics', 'Sealed Air Corporation', 'Honeywell International Inc.', 'Eastman Chemical Company', 'Avery Dennison Corporation', 'Toyobo Co., Ltd.', 'Mondi Group', 'SABIC (Saudi Basic Industries Corporation)'

Specialty film application is motivated by rising needs for packaging that is lightweight, strong, and recyclable and also by expanding pressures for sustainable practices. High-performance films are critical to the food and beverage, personal care, and pharmaceutical sectors in an effort to lengthen shelf life and minimize environmental footprint. Additionally driving market growth, particularly in Asia Pacific and North America, is the transition from rigid to flexible packaging formats.

Appearance of Biodegradable and Recyclable Films: Drastic growth is also being witnessed in the market of PLA, starch blends, and PHA bio-based specialty films. All of them fulfill the performance and environmental requirements necessary to ensure the objectives of the circular economy. Top players are developing biodegradable and recyclable multilayer packaging films for food and pharmaceutical packaging, attributing more research and development as well as collaboration with regulatory agencies to enhance environmentally friendly innovation.

How is Asia-Pacific Driving Innovation in Sustainable Films?

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Global Specialty Films Market
Specialty Films Market

Report ID: SQMIG15E2733

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