The Graphic Film Market is being driven by Increased demand for barrier packaging
The Graphic Film Market is expected to grow at a CAGR of 6.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 8859.2 million. In the graphic film market, polyethylene forms such as Linear Low-Density Polyethylene (LLDPE), Low-Density Polyethylene (LDPE), and High-Density Polyethylene (HDPE) are extensively utilized for both packaging and non-packaging applications. Historically, LDPE was the preferred polyethylene type for manufacturing graphic films. However, LLDPE has gained significant traction due to its superior attributes over other polyethylene materials. LLDPE offers enhanced mechanical strength, superior comfortability, and exceptional optical clarity. Moreover, it is more pliable and softer than LDPE, making it an ideal choice for producing films that demand high impact absorption without puncture or tear. Consequently, the global graphic film industry is witnessing a notable shift towards LLDPE usage due to its versatility and superior performance characteristics.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Opaque, Transparent, Translucent, Reflective) Geography (APAC, North America, Europe, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Graphic Film Market Research Report
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The Graphic Film Market encompasses various applications such as Architectural Designs, Signage, Branding, and Visual Communication. It includes the use of Petroleum-based Products as well as Environmentally Friendly materials like Bioplastics and Biodegradable Materials made of Cellulose. Products range from Vehicle Wraps and Window Graphics to Safety Signs and Decorative Elements. High-quality printability ensures excellent Visual Communication for Advertising Solutions. Advanced Printing Technologies like Digital Printing and Polymer Compounds are utilized for Information Labelling, Product Security, and Protective Layers. The Artistic Appeal is enhanced through the use of Polypropylene, Polyvinylchloride, and Polyethylene, while Printing Techniques like Rotogravure add to the market's versatility.
The global commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this market excludes companies manufacturing diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. Key growth drivers for the commodity chemicals market include the escalating demand for plastic packaging. Plastics, being the most widely utilized material in the packaging sector worldwide, continues to witness increasing demand due to its lightweight and corrosion-resistant properties. This trend has instigated continuous innovation in the market, leading to the development of advanced plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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