SPECIALTY AND HIGH PERFORMANCE FILM MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

Growing demand for packaged and frozen food in developed countries

Growing demand for packaged and frozen food in developed countries, owing to rampant growth of end-use industries is expected to provide growth impetus for the specialty and high performance film market during the forecast period. Moreover, rising demand for disposable Food and Beverage packaging such as tetra pack products is projected to provide further traction for market growth. The primary focus of packaged food industry is to improve hygiene to protect the food from UV, sunlight, dust, temperature, and air. Barrier films and UV control films are a few products used in the food and beverages industry. Moreover, it increases the life span of the food and helps to maintain the quality of food for a longer duration of time.

Market Restraints

Difficulty in processing

One of the major challenges faced by the Global specialty and high-performance films market is the lack of quality compounders and distributors. A high level of technical expertise is required for compounding or processing specialty and high performance films. The compounding of the specialty and high performance films is much more complex than that of conventional polyamides or any other type of Plastics and requires plastic equipment and setup. It also absorbs moisture during the manufacturing process. Hence, the humidity of the manufacturing plant is to be maintained carefully. It tends to show volumetric shrinkage when cooled, especially for thickness above 6mm.