Huge Demand for Medical and Hygiene Products Create a Favorable Environment for the Elastic Film Market
As per a report by Future Market Insights, the elastic film market now holds a valuation of US$ 2.5 billion in 2024, which is set to take off and surpass US$ 3.4 billion by 2034. This market is en route to develop at a CAGR of 2.9% from 2024 to 2034.
Sales of elastic films are set to increase due to the rising awareness of personal hygiene among the female population. Elastic films are made using advanced polymer technologies known for their strength, flexibility, adaptability, and eco-friendliness. They are used in various industries for packaging and protecting goods during transit and storage.
The prevalence of female diseases such as bacterial vaginosis due to improper sanitary solutions during menstruation has led to NGOs and governments promoting feminine hygiene and free sanitary pad distribution. This has increased the sales of elastic films.
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Elastic films made from ethylene-based elastomers, styrene-block copolymers, propylene-based elastomers, and PET are widely used in medical and hygiene products for adhesive closing solutions like frontal tapes.
The upsurge in baby births due to reproductive technology improvements and infertility treatments has also fueled demand for baby care products, particularly elastic films used in diaper production, creating promising prospects for manufacturers. However, the growth of the elastic film market is limited by environmental regulations and the availability of other elastic laminates that have a smaller ecological impact.
“The elastic film market is advancing due to its use in medical and hygiene products, baby care, and promoting feminine hygiene. However, environmental regulations and the availability of other elastic laminates limit its growth. Advanced polymer technologies, strength, flexibility, and adaptability make elastic films popular for eco-friendly packaging and protection during transit and storage.” says an analyst of Future Market Insights.
Key Takeaways from the Elastic Film Market Report
The elastic film industry in France to experience a CAGR of 1.9% through 2034.
The Spain elastic film market to demonstrate a CAGR of 2.5% by 2034.
Thailand’s elastic film industry to see a CAGR of 3.9% from 2024 to 2034.
The India elastic film sector to showcase a CAGR of 5.5% through 2034.
China’s elastic film market to display a CAGR of 4.4% by 2034.
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Competitive Landscape of the Elastic Film Market
The elastic film market is highly competitive, with high demand in emerging countries. Manufacturers invest heavily in research and development, employing advanced machinery and constructing facilities to meet market demands and competition. Organizations harbor several techniques, including mergers and acquisitions, partnerships, collaborations, and product launches.
Leading companies are working to improve their distribution networks to make their products more accessible to customers and maintain market share. Companies leveraging new technologies to meet consumer demands are anticipated to propel the elastic film market growth in the coming decade.
Key Segments
By Material Type:
Ethylene based elastomers
Propylene based elastomers
Styrene-block copolymers
Others (PET based)
By Application:
Hygiene
Feminine Care
Diapers
Medical
Other Applications
By End Use:
Food and Beverage
Pharmaceuticals
Cosmetics and Personal care
Automotive
Electricals and Electronics
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Recent Developments in the Elastic Film Market
A high-strength, elasticity-retaining carbon nanotube film was created in February 2016 by Shanghai Jiao Tong University and East China University of Science and Technology scientists. This material is far stronger than carbon fiber and Kevlar.
Infuse, a high molecular weight olefin block copolymer for film blowing, was released by Dow’s Hygiene and Medical business in April 2013. It provides better elasticity and soft stretch performance for elastic diaper components.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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