Technavio analysts forecast the global vapor permeability films marketto grow at a CAGR of over 8% during the forecast period, according to their latest report.
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Technavio has published a new report on the global vapor permeability films market from 2017-2021. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of the global vapor permeability filmsmarketfor 2017-2021. The market estimates include the revenue generated by different vendors through the sales of several types of vapor permeable films including polyester, polyethylene, polypropylene, and others.
Companies are emphasizing on the use of flexible packaging solutions by organizing various events. For instance, in March 2017, LyondellBasell, a global plastic, chemical, and refining company, organized industry events in Italy and Germany to focus exclusively on flexible packaging solutions.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global vapor permeability films market:
- Growing industrial applications
- Increasing demand for medical protective clothing
- Rising demand from developing countries
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Growing industrial applications
The global vapor permeability films market is growing because of increasing industrial applications of these films. For instance, in food packaging applications, these films are used to protect perishables from spoilage by controlling the level of oxygen. It offers enhanced taste and quality of food for the consumers. This is because if the food is packed with a non-permeable film, it results in a low-level oxygen content inside the packaging, which leads to decaying of food.
Raj Kumar, a lead packaging research analyst at Technavio, says, "The vapor permeable films have shown a broad range of applications in the hygiene industry. For instance, vapor permeable films are used for the back sheet of baby diapers. These back sheets are used for the manufacturing of outer layer of the diapers. With a growing usage of vapor permeable films for diapers, the global vapor permeability films market is also growing."
Increasing demand for medical protective clothing
"The global vapor permeability films market is growing because of an increasing demand for medical protective clothing. This is because the protective clothing prevents the transmission of any infection. The vapor permeable films are used for the manufacturing of protective clothing like surgical gloves and surgical aprons or gowns in the healthcare industry because of their abrasion-resistance property," adds Raj
The global surgical gloves market is expected to grow at a CAGR of more than 8% during the forecast period. Also, the global surgical gowns market is expected to grow at a CAGR of more than 5% during the forecast period. With a growing medical protective clothing industry, the demand for vapor permeable films is also increasing. This is leading to growth in the global vapor permeability films market.
Rising demand from developing countries
The global vapor permeability films market is growing because of rising demand from developing countries such as India, China, and Brazil. A growing adoption of hygiene and health-related products is observed in these countries. The health and hygiene-oriented companies are focusing on emerging markets.
Vapor permeable films are used for flexible packaging in the food industry. More than 20% of the revenue in the global flexible packaging market was generated by developing countries in 2016. Also, among the developing countries, more than 30% revenue was generated from India in 2016.
Top vendors:
- Clopay Plastic Products Company
- Mitsui Chemicals
- RKW Group
- Toray Industries
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