Transparency Market Research (TMR) provides key valuable insights for the lamination films market in its published report, which incorporate global industry analysis, size, share, growth, opportunities, trends, and forecast for 2021-2029. In terms of revenue, the global market is anticipated to expand 1.6 times of current market value, by the end of 2029, consideration to increasing demand for flexible packaging across several countries, about which TMR offers detailed insights and forecasts in the lamination films market report.
Lamination film is a protective film, which consists of a base film, such as PVC or polyester, which is then coated with an adhesive. The lamination film not only provides protection to the product but also helps to improve the product appearance by giving a glossy or matte look and improving the ink prints on the product.
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Lamination films are generally used to protect the product from the wear tear by providing a shield over it in the form of a film. They are majorly used on documents and products, which are sensitive in nature. Additionally, a lamination film also increases the durability of the print on the product, and provides protection against stains, spills, marks, abrasions, etc. Lamination films are made from high-density plastic materials as well low density plastic materials, such as LDPE and HDPE.
Protection as well as product enhancement properties of lamination films, while giving an excellent finish to the product are generally preferred by consumers as well as manufacturers. Lamination films are used in various end-use industries such as food beverage, pharmaceuticals, cosmetics personal use, etc.
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Glossy, Attractive Appearance of Products Driving Demand for Lamination Films
Lamination films are available in glossy as well as in matte formats. Glossy lamination films have a shiny appearance, which helps in improving product characteristics, while imparting shiny and glossy look to the product. In addition, the glossy lamination film enhances the written part over the product by improving the color and vibrancy of the ink. On the other hand, matte film improves handling properties of the product by giving a velvety texture over the product. The glossy and eye-catchy appearance of the film is useful in various applications such as greeting cards, shopping bags, and other packaging materials.
Therefore, as per the TMR analysis, the demand for lamination films is anticipated to drive the market during 2021-2029, owing to increasing demand for eye-catchy lamination films with excellent gloss and shine, along with product safety.
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Focus of Key Players on Recyclability, Sustainability of Lamination Films
Manufacturers involved in the production of lamination films are continuously working on research development to improve the properties of lamination films. This include improving recyclability, decreasing carbon footprint, and using less energy, while manufacturing the films. This, in turn, will lead to less wastage while manufacturing lamination films. Amcor’s AmLite Ultra recyclable lamination film is a high-barrier PE film laminate, which significantly reduces the carbon footprint.
Global manufacturers of lamination films are continuously carrying out research development activities to innovate in recyclable and sustainable solutions for lamination films. Furthermore, majority of manufacturers is focusing on increasing the tensile strength and durability of the lamination films to provide long-lasting protection to products, especially during transportation.
Lamination Films Market: Competition Landscape
The global lamination films market is expected to witness tough rivalry among well-established key players. Moreover, local players and small entrants in the lamination films market are anticipated to create a significant revenue, owing to the rising demand for flexible packaging that will boost the demand for lamination films.
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Some of the key players operating in the global lamination films market are Mondi Group Plc, Uflex Ltd, Taghleef Industries LLC, Cosmo Films Ltd., Constantia Flexibles Group GmbH, Granitol A.S, Polinas Plastik Sanayi ve Ticaret A.S., Poligal S.A., Ultralen Film GmbH, Coveris Holdings SA, Film Foil Solutions Limited, DK Group, Inc., IG Industries Plc, Schweitzer-Mauduit International, Inc.(SWM), TroFilms GmbH, ERG BIERUN – FOLIE Sp. z o.o., IBF GRAPHICA S.A., Folienwerk Wolfen GmbH, Amerplast, KDX America, LLC, J-Film Corporation, Atlantis Plastics Films, Inc., Dunmore, Top-In Film Manufacture Co., Ltd., Jindal Poly Films Limited, Guangdong Eko Film Manufacture Co., Ltd., and JK Polyfilm.
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