Adhesive films market forecast at $29.8 billion by 2033

Pune, India – As per a recently published report by Future Market Insights, sales of adhesive films market are projected to reach US$ 29.8 billion in 2033 from US$ 19.1 billion in 2023. The market is estimated to witness a CAGR of 4.6% between 2023 and 2033.

Increased acceptability of innovative packaging items is a sign of the product’s freshness and intact quality. Consumers are less likely to purchase a product if the packaging is unappealing. There has been an incredible increase in terms of demand for graphic packaging and flexographic printing.

Graphic packaging and flexographic printed materials are also aesthetically appealing, as compared to other rigid packaging products. They are considered to be an ideal solution for the consumer products sector, where packaging serves as a means of product distinction and remains the focal point of producers’ attention. This is supporting adhesive films demand in the next ten years.

Aerospace industry significantly relies on the use of adhesive films on a big scale in order to create airplanes that are visually appealing and practical. Military aircrafts and fleets are susceptible to increased frequency of maintenance and repair.

Exterior, interior, and engine compartments, as well as their overhead bins and useful seat trays, in aircraft all contain adhesive films. The market for adhesive films is likely see an increasing sales as a result.

Governments across the globe are developing legislation to require firms to use eco-friendly production techniques and to supply environmentally friendly products. For instance, the European Commission’s eco-design regulation attempts to decrease the environmental effect of products, including life-cycle and energy consumption, by providing manufacturers with design guidelines for eco-friendly and energy-related items, which is expected to aid adhesive films sales.

As environmental restrictions are governing the disposal of plastic trash, it has raised awareness and resulted in the production of biodegradable packaging items. Adhesive film producers are inventing and manufacturing environmentally friendly products. In the long run, this factor is anticipated to transform the market for these films.

Few of the manufacturers involved in production of adhesive films are 3M Company, Avery Dennison Corporation, Klöckner Pentaplast, Irplast S.P.A, Cosmo Films, Ecoplast Ltd., Nitto Denko Corp, Adhesive Films, Inc., Grafix Plastics, Shenzhen Sun Tone New Material Co., Ltd., Hexis S.A.S, Presto Tape, Unite Glass, American Polyfilm, Inc., Donlee New Materials Technology Inc., Schweitzer-Mauduit International, Inc. (Mativ Holdings), Zhejiang Deyang Adhesive Products Co., Ltd., Merck KGaA, Porvair Science Ltd. (Porvair plc), Corning, Inc., Brand GmbH & Co KG, Eppendorf AG, Excel Scientific, Inc., Bio-Rad Laboratories, Inc., Toyochem Co., Ltd., Toray Industries, Inc., LINTEC Corp. and ORAFOL Europe GmbH among others.