The gradually increasing demand for nylon films is attributed to their growing preference for packaging perishable products such as frozen food. The key driver behind this growth is enhanced shelf life and oxygen barrier properties that differentiate nylon films over other packaging films. Moreover, nylon films are also suitable for a wide range of industries such as food, pharmaceuticals, and industrial packaging.
The overall outlook for the nylon films market is expected to remain positive, which is projected to register a CAGR of 5.1% over the forecast period of 2019-2029.
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Key Takeaways of Nylon Films Market Study
- According to FMI analysis, the food segment is expected to outbid other end uses in the nylon films market over the forecast period. Manufacturers of perishable products such as meat and cheese are expected to account for a significant share of the food segment in the nylon films market.
- 11 to 20 microns is identified as the highly preferred thickness for nylon films among packaging converters. This thickness is well-suited for packaging applications that require optimum protection and performance.
- The bi-axially oriented polyamide film segment is projected to remain prominent by film type in the foreseeable future. Growth is attributed to the high tensile strength, improved impact strength, along with better oxygen barrier as compared to cast PA films.
- East Asia is expected to represent more than a quarter of the global films market share during the forecast period. China represents 60% of the total East Asia market share in 2019, attributable to the large number of unorganized players in the region. Moreover, South Asia is anticipated to remain a lucrative region in the nylon films market till the end of the forecast period.
“Players in the global nylon films market can gain significant profits by focusing on emerging countries in South Asia, such as India, Thailand, and Vietnam. Increasing demand from perishable and processed foods packaging manufacturers is expected to boost the growth of the nylon films market in this region.”
Nylon Films Market: Competition Landscape
Unitika Ltd., Winpak, Toray Plastics Inc., Hyosung Corporation, Kolon Industries, and Honeywell International LLC are some of the key players in the nylon films market. These players are strengthening their market presence through strategic acquisitions to increase their production capacity.
Japan-based packaging converter UNITIKA Ltd. will be expanding its capacity from 16,500 tons/year to 26,500 tons/year for its Indonesia-based manufacturing plant in early 2020. However, several regional and unorganized manufacturers may enter the nylon films market through strategic collaborations to compete with global players armed with regional pricing strategies.
About Nylon Films Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global nylon films market, analyzing historical demand from 2014-2018 and forecast statistics for 2019-2029. The report provides growth projections on the nylon films market on the basis of grade (nylon 6 and nylon 66), thickness (upto 10 microns, 11 to 20 microns, 21 to 30 microns, and above 30 microns), film type (CPA and BOPA), and end use (food [meat, cereal, cheese, and processed food], pharmaceuticals, and electricals, chemical and other industrial), across seven regions.
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NYLON FILMS MARKET TAXONOMY
The global nylon films market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Grade
- Nylon 6
- Nylon 66
Thickness
- Upto 10 Microns
- 11 to 20 Microns
- 21 to 30 Microns
- Above 30 Microns
Film Type
- CPA
- BOPA
End Use
- Food
- Meat
- Cereals
- Cheese
- Processed Food
- Pharmaceuticals
- Electricals
- Chemicals
- Other Industrial
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA