Global Textile Films Market: Overview
Textile films have natural and its original texture, which makes it useful for cold lamination. The textile films are considered as most appealing textile films as it is a polypropylene film with white unwoven polyester fabric. It is a semi-transparent film and whiteness degree based on the color of the laminated surface.
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The textile films market report serves the investors, key players, and new entrants for seeing the existing trends and assesses future opportunities for pervasive growth. It also includes recent data for tracing growth prospects and some key threats. The report offers information on market competitiveness in an important segment of the textile films market report. It investigates the revenue share, growth rate, status, market drivers, future trends, opportunities, and challenges exist in the textile films market.
Global Textile Films Market: Novel Development
Here are some of the notable developments in recent years that are benefitting the growth of the market:
- In November 2018, Covestro AG a Germany-based company and global leader have raised stakes in partnership with DIC Corporation, a Japan-based company from 50 to 80%, in an acquisition of the business. This acquisition has a crucial role in business expansion and gaining a leading position in the textile films market.
- In February 2018, another key player Berry Global has acquired Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation. Through this acquisition, Clopay has opened numerous application areas for Berry Global across hygiene and healthcare sectors.
Some of the most prominent competitors operating in the competitive landscape of global textile films market include –
- RKW Group
- Berry Global
- Mitsui Hygiene
- SWM International
- Toray Industries
These companies are increasingly adopting the various organic and inorganic growth strategies to strengthening position in the global textile films market. Growing investment and enhancing production are the major key growth strategies are helping them to expand their regional presence. Additionally, these all factors are leading to cater demand for textile films from the emerging economies.
Global Textile Films Market: Key Trends
Growing demand for high-quality hygiene products for maintaining feminine and child hygiene is driving the growth of the global textile films market. Additionally, raising awareness about maintaining hygiene is boosting growth of the global textile films market. Growing trend of athleisure coupled with rapid urbanization is likely to propel market growth in the next few years.
Further, major drivers for the textile films market include properties such as liquid barrier, breathability, and comfort touch. Robust research & development activities for developing new and innovative products are expected to be a major driver for the growth of the global textile films market.
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Moreover, growing demand for textile films from medical applications is expected to be the fastest-growing application of textile films over the forecast period. This growing demand for textile films from the medical application is attributed to the growing awareness toward maintaining proper protection to avoid some of the infectious diseases mainly in the hospital environment. The risk of infection is higher mainly in the surgeries or after the procedures. Additionally, growing demand for surgical instruments owing to the booming number of surgeries due to accidents or mishaps is likely to propel textile films market over the forecast period.
Global Textile Films Market: Regional Outlook
Regionally, the textile films market could be segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Of these, Asia Pacific is expected to be dominant in terms of revenue, demand, and consumption by the end of the forecast period. This growth of the region is attributable to the presence of small and mid-sized key players in the textile films market in the region. Additionally, the construction and sports are growing in the region, owing to the surge in demand for protective apparel and sportswear
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