Published Date : 13 Sep 19 | Views: 106 | Industry : Automation & Transportation
Myriad of Decorative Shades to
Drive the Use of BOPP Based Lamination Films
The thermal lamination films market is divided
on the basis of product as BOPP based lamination films, BOPET based lamination
films, BOPA based lamination films, and others. BOPP based lamination film is
gaining traction in the market owing to its availability in varied decorative
shades and cost effectiveness as compared to other product types. On the other
hand, BOPET based lamination films may witness significant growth in the coming
years owing to their resistance to tear and breakage.
By application, the thermal lamination films market
is segmented based on application as industrial printing, commercial printing,
and others. Commercial printing enjoys a larger market share owing to
increasing demand for thermal lamination films in laminating various products
such as magazines, newspapers, manuals, folders, and various other items.
North America to Acquire a Substantial Market
Share
Consolidation of leading players in North
America is estimated to help the region take a lead in the thermal lamination
films market in the forthcoming years. In
addition, North America is the largest producer of thermal lamination films. This gives the region
an advantage to acquire a larger share in the market. Luxury and printing
industries are comparatively developed in this region, thereby driving the thermal
lamination films market in North America.
On the other hand, Asia Pacific is likely to
witness significant growth in the coming years. This
growth is attributed to
emerging industries such as food and beverages, personal and healthcare,
pharmaceutical, wherein usage of thermal lamination films is rising.
Market Participants Making a Strong Presence in
the Market
Company nine, Drytac, COSMO Films(GBC), Derprosa,
GMP, Royal Sovereign, Ipak, New Era, Hongqing, KANGLONG, PKC Co., Ltd., Film
Corporation, Shagun Film, Transilwrap, D&K, FlexFilm, Kangde Xin, Dingxin,
EKO Film, and Eluson Film are some of the prominent players operating in the
global thermal lamination films market. Moreover, the market participants are emphasizing on technological
innovations and equipment upgradation, which is, in turn, helping them to less
the cost and enhance the overall quality of the product.
Product Development & Technological
Advancements to Boost the Market Growth
Technological advancements and extensive
research and development activities by the key players are positively
influencing the thermal lamination films market growth. Manufacturers are also focusing on
the development of products that provide convenience to the end user,
are cost effective, and have low environmental impact.
Demand from the end-user industries such as
food & beverages and pharmaceutical is on the rise, which is projected to
foster the market growth in the near future. Additionally, advantages
associated with the thermal lamination films including strength, matte finish, stress
and chemical resistance, and exceptional flexibility are increasing its
application across the globe. However, constant changing cost of raw materials is
likely to act as a restraint in the market.