During the assessment period of 2022 to 2032, the demand for elastic films market is predicted to increase significantly at a CAGR of around 6% to 7%. Due to the creation of new elastic films as a result of expanding technological breakthroughs and rising female awareness of personal cleanliness, elastic film sales are anticipated to increase globally. Thin sheets with strong stretch capabilities are called elastic films, and they are utilised to make hygiene and pharmaceutical products.
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These films are typically made using the blown film extrusion and cast film extrusion procedures, as well as ethylene-based elastomers, styrene-block copolymers, propylene-based elastomers, and polyethylene terephthalate (PET). Elastic mechanical films and frontal tapes are two different types of elastic films that can provide possibilities for adhesive closures.
Global Elastic Films Market – Dynamics
The market for elastic films is anticipated to expand significantly in the context of growing awareness of personal hygiene and wellness. Huggies infant diapers are now made with a new co-extruded elastic film that Kimberly-Clark created in September 2018.
Which are the Prominent Driver Creating Growth Prospects in the Global Elastic Films Market?
Over the past few years, a significant rise in number of baby births is being witnessed across the globe, owing to the growing advancement in reproductive technology and infertility treatments, resulting in fueling the demand for baby care products.
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For instance, according to a survey published by the United Nations International Children’s Emergency Fund (UNICEF), around 67,385 babies are reported to be born every day and around 25 million children births are registered each year across India.
based non-woven elastic films. Furthermore, elastic films are better leak proof and provide good stretching for hygiene products like diapers.
Elastic films wrapped inside a cloth would provide excellent comfort for adults and babies after wearing in for long time. Elastic films hold a number of advantages by acting as a protective layer in a variety of applications in the hygiene market. Moreover, the major factor concerning the mass utilization of elastic films is the slow degradation rate of diapers and are expected to hamper the market during the forecast period.
Global Elastic Films Market – Regional Overview
U.S. is anticipated to dominate the North America elastic films market during the forecast period. In Asia Pacific region, India, and China are anticipated to witness significant growth for elastic films market.
This region have seen extensive growth for elastic films market owing to growing awareness for health and hygiene, consumers in the region are increasingly turning to premium diapers to counter hygiene-related issues. Moreover, the Middle East & Africa (MEA) elastic films market is projected to witness sluggish growth during the forecast period.
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Market Competition
Some of the leading players in the elastic films market are
- Mondi plc,
- Golden Phoenix Fiberwebs, Inc.,
- Neos Italia Srl,
- Tredegar Corporation,
- Pantex International S.p.A.,
- Berry Global Group, Inc.,
- Schweitzer-Mauduit International, Inc.,
- Kraton Corporation,
- Aplix S.A., and others.
The market for elastic films is highly competitive, owing to the increasing new product launches and adoption of strategies such as production capacity expansion, merger, and acquisition by key companies.
Key Segments Profiled in the Elastic Films Market Survey
By Material Type:
- Ethylene Based Elastomersm
- Styrene Block Copolymersm
- Propylene Based Elastomersm
- Polyethylene Terephthalate (PET) Based
By Application:
- Feminine Care
- Diapers
- Adult
- Baby
By End Use:
- Hygiene
- Medical
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
