Global graphic film market to reach $49.64 bn by 2028
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Global Graphic Film Market is accounted for $28.67 billion in 2020 and is expected to reach $49.64 billion by 2028 growing at a CAGR of 7.1 percent during the forecast period. Growth in the construction industry, growing advancement in the film industry, and increasing demand for wrap advertisement are driving the market growth. However, fluctuations in raw material prices and regulations regarding the disposal of plastics are hampering the growth of the market.
The graphic film is a sheet, or a layer made of polymer compounds and applied to the surface for protection from weather conditions and promotional intentions. The graphic film is primarily used to provide the preventive layer and improve the artistic appeal of the product. This film substrate provides water resistivity and durability. Graphic films are specifically used for representing visual representation on the film surface for variable information.
Based on the end user, the automotive segment is going to have lucrative growth during the forecast period owing to the growing adoption of medium-life polymeric calendared films, particularly for leased vehicle fleets and durable, conformable, high-quality cast films for long-life commercial fleet markings and personalized vehicle body wraps. By geography, Asia Pacific is going to have high growth during the forecast period due to the rise in population, rapid urbanization, increase in disposable income capability, high technological development, and good construction & automotive industrial scenarios.
Some of the key players profiled in the graphic film market include Ultraflex Systems, Inc., Taghleef Industries, Amcor, Schweitzer-Mauduit International, Inc., ORAFOL Europe GmbH, LINTEC Corporation, Arlon Graphics LLC (FLEXcon Company Inc.), LG HAUSYS, LTD., Constantia Flexibles Group GmbH, Hexis S.A., Drytac, Contra Vision, E. I. du Pont de Nemours and Company, Dunmore Corporation, ACCO Brands, Cosmo Films, GIF Supplies (Graphic Image Films Ltd), FDC Graphic Films, Inc., CCL Industries, Avery Dennison, Kay Premium Marking Films Ltd, Ritrama S.p.A., Achilles USA, Spandex AG and 3M Company.