The global embossed film market is expected to reach at a CAGR of 4.8% during the forecast period. Embossed films have anti-slip properties and enhance the aesthetics of surfaces, which is likely to increase the sales of embossed films in the years to come. The market is estimated to grow owing to the demand from automobile, building & construction, and personal care industries.
Embossed films have different visual appeal compared to conventional plastic films. Embossed films provide soft and cloth such as surface and have high friction resistance, which makes them ideal for applications such as flooring, liners for rubbers and tires, and back sheet films diapers and feminine napkins. The embossed film market is expected to grow followed by the push of end-use industries, such as automobile, building & construction and printing, which currently is registering a significant growth in several regions, owing to increased consumption. The decorating surface of machines with embossed films is likely to augment the market growth during the forecast period.
Use of Embossed Film in Rubber & Tire Industry to Drive Market Growth
Embossed films are used as release films in the rubber & tire industry. Embossed films help in the retention of rubber properties, along with preventing dust and foreign particles to stick from the rubber, which can spoil the quality of rubber during storage or shipment.
It is quite evident that the demand for tires is highly dependent on the growth of the automobile industry. Globally, the automotive industry has recovered from the economic crisis and is witnessing an upward trend. Furthermore, until quite recently, traditional tire makers such as Bridgestone, Michelin, and Continental were the dominant players with over 50% market share. However, the arrival of Asian players has further fragmented the tire segment across the globe. Moreover, replacement of tires is likely to boost the demand for tires. The growth in the demand for tires is likely to boost the demand for embossed films.
Embossed Films for Decorating Machines to Provide Lucrative Opportunities for Market Growth
The increased consumption of coffee across the globe is likely to increase the demand for coffee machines. In addition, rapidly growing market for on-the-go beverages, particularly caffeine infused beverages, is expected to have a direct impact on the sale of coffee machines for commercial and institutional purposes.
Embossing film is used for the exterior décor of the coffee machines, which enhances the design, color, and haptic coffee machines. Furthermore, scratch resistance is one of the attractive features of embossing films, which makes it preferable for coffee machine manufacturers.
ISOFILM is an embossed film manufactured by ISOSPORT Verbundbauteile GmbH for coffee machines. This is anticipated to augment the demand for embossing films in coffee machines and provides opportunity for use of these films in other beverage or snacks dispensing machines.
Recycled Embossed Films to Reduce Environmental Hazards
Majority of embossed films is made from polyethylene resin and can be readily recycled if the material is dry and clean. With increase in demand for environmental sustainability, customers now expect to see immediate action to be taken on products or services, which cause hazardous environmental impacts. As a result, manufacturers of embossed films are now carefully considering consequences of their commercial decisions. Nowadays, customers are assertive to take decisions that they know will have a negative impact on the society or environment.
Improving and increasing recycling facilities across the globe make it easier to recycle embossed films. Resin coding systems allow material segregation and low pressure on recycling facilities. Manufacturers such as RKW SE & Oerlemans Plastics BV provide 100% recyclable embossed films to their customers, which is likely to drive environmental sustainability while serving the purpose to end users.
Micro-embossed Finish Deliver More Comfortable Touch Compared to Traditional Embossed Films
Apart from automobile and construction applications, manufacturers in the embossed film market are tapping into revenue streams in medical and hygiene sectors. With the help of the cast film extrusion technology, manufacturers are innovating in embossed polyolefin films that offer consistent high quality to customers. Manufacturers are increasing efforts to deploy micro-embossed finish in films in order to deliver a more comfortable and natural touch compared to traditional embossed films.
Multiple layers of coextruded films with micro-embossed finish offer full barrier against bacteria and virus, which has become an important requirement for end users in F&B and medical sectors during the ongoing COVID-19 crisis. Mergers and acquisitions play an important role for market growth, where German manufacturer of plastic films, RKW Group, has decided to sell its production of embossed films and laminates to ACE, another competitor in embossed films and laminates.
Eye-catching Prints and Foiling Capabilities in Films Critical For Enhanced Brand Experience
Companies in the embossed film market are increasing efforts to meet specialized needs of customers in the single-use hygiene and medical segments. Moreover, manufacturers are developing leading edge products for construction and automotive sectors. Embossed sheets have become customary in commodity distribution packing, office supplies, and sundry goods applications. Manufacturers in the embossed film market are participating in third-party trials to demonstrate robustness and longevity of embossed films.
Eye-catching prints and foiling capabilities are critical in embossed films. In order to achieve this, manufacturers are adopting the advanced polymer technology to gain a competitive edge in the market landscape. They are maintaining steady supply chains with customers to enhance brand experience involving newly launched products. Manufacturers are increasing their production capabilities in label and security films.
The global embossed film market is highly fragmented in nature into which, the larger portion of market share is held by domestic market players. Some of the key players operating in the global embossed film market are RKW SE, Uflex Ltd, Cosmo Films Ltd, Napco National Company, Sigma Plastics Group, FSPG Hi-tech Co., Ltd, Charter NEX Films, Inc., OHISHI SANGYO CO., LTD., Oerlemans Plastics BV, ISOSPORT Verbundbauteile GmbH, Wiman Corporation,Aintree Plastics Ltd, C. E. Shepherd Company, Skymark Packaging International Limited, and Hi-Tech Packaging (India) Private Limited.
The tier structure is formulated on the basis of segmental revenue and market share of companies. As per the tier structure, RKW SE, Sigma Plastics Group, and FSPG Hi-tech Co., Ltd are the tier 1 players in the embossed film market. These players are focusing on widening their product portfolio for multiple applications to gain a competitive edge in the market. Tier 2 players include Charter NEX Films, OHISHI SANGYO CO., LTD., Uflex Ltd, and Napco National Company.
By End Use
Scope of the Report
Vision Market Research Reports started a new study on the global embossed film market, providing forecast for the period of 2020-2030. In the study, growth opportunity for the embossed film market is witnessed. The report provides valuable insights, which enable readers to make winning business decisions for future growth of their businesses. The report highlights significant factors that are constantly determining the growth of the embossed film market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Macroeconomic factors that are directly or indirectly affecting market growth are also incorporated in the report.
Key indicators associated with the embossed film market have been calculated thoroughly in the report. The study enumerates vital market dynamics such as key drivers, challenges, and trends, along with opportunities in the global embossed film market. A comprehensive study on the value chain, which includes component suppliers, manufacturers, distributors, and end users have been incorporated in the global market report. Other key aspects laid down in the market include pricing strategy of leading market players and comparative analysis of embossed film. Furthermore, forecast factors and forecast scenarios of the embossed film market have been covered in the report to understand future prospects of the market.
A comprehensive evaluation and forecast on the embossed film market are provided on the basis of material, thickness, end use, and region.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments have been provided in the report. The embossed film market has been analyzed at both regional and country levels.
The report delivers an exhaustive assessment on the structure of the embossed film market, in tandem with a dashboard view of all leading company profiles in the report. Every company’s share analysis on market players has also been presented in the report, apart from the footprint matrix of profiled market players. The report depicts the presence of embossed film manufacturers by leveraging an intensity map. It also highlights key end users for embossed film.
A realistic methodology, along with a holistic approach makes the base for sharp insights, which have been provided in the embossed film market for the study evaluation period. The TMR report comprises of detailed information on growth prospects, along with riveting insights into the forecast assessment of the market.
Extensive primary and secondary researches have been employed to garner keen insights into the forecast study of the embossed film market. The report has undergone a cross-validation by in-house professionals to make the embossed film market report one-of-its-kind, with the highest credibility.