North America Specialty Films Market 2020-2030

Specialty films are extensible and flexible films used in various types of industries and packaging applications. These films are basically produced from polymer compounds. Specialty films protect and safeguard the products contained in them. Specialty films are characterized by high tensile strength, resistive abilities, and show electrically conductive. These films have various applications such as cosmetics, pharmaceuticals, food and beverages, aviation industry, personal care, electronics, and construction, among others. North America specialty films market is expected to grow by 4.7% annually in the forecast period and reach $14.86 billion by 2030 owing to robust and high tensile packaging application, increasing demand for the product in various industry verticals, and the development of technologically advanced materials. The development of technologically advanced materials regarding specialty films is likely to act as an opportunity for market growth in the future. This development is to provide better quality by enhancing attributes like lightweight characteristics, better heat resistance, durability, water resistance and contamination resistance.  Packaging segment is the major market for specialty films in the region, owing to their extensive usage in food and pharmaceutical packaging. Specialty films offer various advantages like moisture resistance, toughness, and heat resistance help in the storage of packaged products for a much longer time, as compared to traditional packaging. Food security and increasing pharmaceutical drug usage are driving the growth of specialty film packaging. Besides, North America and Europe are matured markets for food and beverage industry. While dependency of these regions on processed food have been huge, health concerns such as obesity, diabetes, etc., have now been leading to shift of consumer preferences towards more balanced and natural diet, which is likely to drive the demand for wheat-, bread- & diary-based products and healthy & energy drinks, thus driving the demand for packaging as well in these regions. Hence, all such trends in healthcare and pharmaceutical industry are projected to drive the demand of dust control systems and suppression chemicals for pharmaceutical by the Specialty films market applications over the forecast period. 

Further the E-commerce market has fuelled the need for the Speciality films which the businesses use for packaging. e-commerce market is further expected to occupy majority of the demand in the region due to the increase in its business in the country of USA and Canada for most of the part. The Mexican e-commerce is still trying to gain substantial and long-term market hold in the country but is showing a promising future which will also increase the demand for specialty films. Military applications, marine, safety, and security industries are other large markets for specialty films and are likely to grow in the coming years. Soon, specialty films used in photovoltaic modules are projected to be in high demand. This is due to the presence of USA which heavily focuses on military and security sector. The electrical and electronics industry's rising demand for customised and high-performance films as an insulator is likely to be a major driver of market expansion, which is further facilitated by the demand and gaining production of Electric vehicles in the market, with existing companies like Tesla, Rivian and Lucid air leading. The market for the specialty films in the region is also facing trouble with the rising trend in sustainability due to which there is a decrease in the market demand. To tackle this problem the manufactures in the regions have started to adopt  sustainable raw materials like cellulose and pectin. Lastly the competition from the rigid plastic and flexible plastic material in packaging market have created a competition for market share which stunts the growth of the industry.
  
COVID-19 impact 
The pandemic had a dual effect on the specialty films market in the region of North America. Firstly the social distancing restrictions resulted in inconsistent human resource, along with this the market observed a disrupted supply chain which led to scarcity of Raw materials in the region. Along with this the market had to deal with transport restriction which made it hard to distribute and sell. Above all the growth of the market was greatly reduced by the pandemic. But at the same time need for air tight and contamination resistant packaging was fulfilled by the films market which increased the demand. This trend of using films is going to sustain in the future too and contribute to the growth of the market.

Highlighted with 21 tables and 42 figures, this 101-page report “North America Specialty Films Market 2020-2030 by Resin (Polyester, Nylon, Polyolefin, Fluoropolymer), Function (Barrier, Safety, Conduction), Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America specialty films market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year. 

In-depth qualitative analyses include identification and investigation of the following aspects:
   • Market Structure 
   • Growth Drivers 
   • Restraints and Challenges
   • Emerging Product Trends & Market Opportunities
   • Porter’s Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America specialty films market in every aspect of the classification from perspectives of Resin, Function, Industry Vertical, and Country. 

By Resin
     • Polyester
     • Nylon
     • Polyolefin
     • Fluoropolymer
     • Polyacrylamide
     • Polyimide
     • Other Resins

By Function 
     • Barrier
     • Safety and Security
     • Conduction and Insulation
     • Microporous Function
     • Decorative Function
     • Other Functions

By Industry Vertical
     • Packaging
     • Transportation
     • Construction
     • Personal Care
     • Electrical and Electronics
     • Medical Industry
     • Other Industry Verticals

By Geography
     • U.S.
     • Canada
     • Mexico

For each key country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Resin, Function, and Industry Vertical over the forecast years is also included.
Specifically, potential risks associated with investing in Asia Pacific specialty films market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players

Key Players (this may not be a complete list and extra companies can be added upon request): 
3M, Akzo Nobel NV, Avery Dennison, Bemis Co., Inc., Covestro AG, DuPont Teijin Films, Evonik Industries AG, Honeywell International Inc., Inteplast Group, KANEKA Corporation, Kuraray America Inc., SABIC, SKC, The Chemours Company, Toray Industries Inc., UBE Industries Ltd.,  

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)