Increasing adoption of breathable films across developing countries along with the growing population across the globe will proliferate the global Breathable Films industry
The global Breathable Films market size is anticipated to reach around USD 4 billion by 2028. Breathable films are micro porous material which does not allow water or water or droplets excluding vapors. It is mainly used for the hygienic products including adult diaper, sanitary pads and baby diapers. It is further used across food packaging owing to its capability to retain freshness for a long duration and in turn increasing shelf life. These products are further used as a filler material which in turn reduces the cost of the final product.
Growing purchasing parity and rising consumer spending on personal care products in developing countries has led to increased focus on hygiene maintenance is stimulating the product demand. Rising application of the product in the establishment of apartment and commercial buildings along with growing focus toward enhancing the life of buildings through complete air circulation is driving the industry size.
The report also throws light on various aspects of the global Breathable Films industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the Breathable Films industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global Breathable Films market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
Breathable Films market, the market is categorized into medical, food, hygiene, construction, and others on the basis of application. The hygiene segment is analyzed to grow at a CAGR of over 9% over the forecast period. The growth of this segment is primarily contributed to focus to rising focus toward healthcare and improving hygiene is poised to catapult the segment growth.
North America Is analyzed to hold a significant share in the coming years. Rising advancement across healthcare sector to improve the life expectancy and health of aged population across the region is augmenting the product demand. For instance, the federal government in the U.S. spends around 18% of their GDP on healthcare sector. Furthermore, its rising demand from food packaging as well as the construction sector owing to its permeable characteristics is supplementing the industry growth.
The major players of the global Breathable Films market comprise of RKW Group, Arkema, Fatra, Nitto Denko, Mitsui Chemicals, Covestro, Daika Kyogo, Skymark Packaging, and Rahil Foam, including others. The industry for Breathable Films constitutes established global players along with growing rising presence of emerging companies. In addition, the companies are focusing toward expanding their market penetration through adoption of inorganic growth strategies.
Segment overview of Breathable Films market
- Type Overview, 2018-2028, (USD Million and Tons)
- Technology Overview, 2018-2028, (USD Million and Tons)
- Application Overview, 2018-2028, (USD Million and Tons)
- Regional Overview, 2018-2028, (USD Million and Tons)
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o Rest of Middle East & Africa
• South America
o Rest of South America