Thermal Lamination Films Market: Overview and Dynamics
Thermal Lamination films serve the purpose of protection, decoration and complimenting print media by their unique properties. Their consistent thickness offers durability as well as resistance to tearing and stretching. Thermal lamination films are deployed due to their compatibility with a wide range of paper and board types. The presence of gloss and matte lamination films add on to its advantages and diverse applications including book covers, jackets, magazines, brochures, food packaging and many more.
Thermal lamination films are coated with low melting resin or adhesive, such as LDPE or EVA that on exposure to heat and high-pressure melt to provide a matte or glossy finish to the surface where it is anchored. Generally, thermal lamination films are available in three types namely biaxially oriented polypropylene (BOPP), biaxially-oriented polyethylene terephthalate (BOPET) and biaxially oriented nylon-6 based thermal lamination film. Thermal lamination films also offer resistance to scratch, tear, scuff and UV radiations.
It was also observed that thermal lamination films manufacturers in order to reduce costs sacrificed the quality of the films. This was done by reducing the EVA thickness of the film, raising customer rejection levels. However, the demand for thermal lamination films is expected to see a rise in terms of their use in consumer products like decorative items, luxury products, shopping bags etc. Extensive use in the e-commerce retail section and food packaging industry will also manage to increase its consumption. The surge in the anti-microbial packaging of food products has also led to the advancement and more innovations in the manufacturing of thermal lamination films.
Thermal Lamination Films Market: COVID Impact Insights
COVID-19 pandemic caused disruption and unpleasant conditions for almost all the industries in the world. The lockdowns along with strict social distancing measures across the globe directly or indirectly impacted the production and supply chain of thermal lamination films market. The thermal lamination films market also saw a small yet noticeable dip because of the decline in the consumption of stationery items like notebooks and books, luxury and decorative products due to suspension of public gatherings.
The short-term inclination of the production costs has been observed in the packaging industry owing to the demand from only limited sectors. However, the growth of the thermal lamination films was not affected subsequently because of its extensive use in the medical industry. The resurrection of the demand is set to be observed on the back of the medical industry over the period of Q4 of FY2020 and Q2 of FY2021. All in all normalization in demand is set to be observed by Q3 of FY2021.
Segmentation Analysis of Thermal Lamination Films Market
The global Thermal Lamination Films market is bifurcated into five major segments: material type, film type, finish type, application and region.
On the basis of material type, Thermal Lamination Films market has been segmented as follows:
On the basis of film type, Thermal Lamination Films market has been segmented as follows:
- Single side treated
- Both sides treated
On the basis of finish type, Thermal Lamination Films market has been segmented as follows:
On the basis of application, Thermal Lamination Films market has been segmented as follows:
- Consumer goods
On the basis of geographic regions, Thermal Lamination Films market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
Thermal Lamination Films Market: Regional Outlook
Out of the six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. North America leads in the production of thermal lamination films followed by South Asia and Oceania. E-commerce industry makes the vast use of thermal lamination films for the packaging of retail and consumer goods. Also, the use of thermal lamination films in the decoration, soft covers, menus, luxury packaging and its aesthetic advantages all account to the increase in its consumption. However, the demand in South Asia and Oceania may soon take over because of the increase in the literacy rate of these regions driving the consumption of products like notebook covers. Further, the restoration in demand of the packaged goods ordered online in Q4 of FY2020 led to an impressive growth of the thermal lamination films market in South Asia.
The market of luxury products also observed a hike in the Middle East region impacting the overall growth of thermal lamination films. The incremental use of shopping bags, advertisement posters, magazines and others led to the growth of thermal lamination films in the Middle East. The demand from Europe region for thermal lamination films is also expected to increase gradually on the grounds of boosting packaging industry, luxury products, e-commerce, medical industry etc.
Thermal Lamination Films Market: Key Players
The thermal lamination films market being a moderately fragmented one has the presence of both global and local manufacturers. The major key players consist of Jindal Poly Films LTD, Cosmo films, Pan synthetics, Polyplex Corporation limited, Taghleef industries, Innovia etc. The manufacturers are dedicated to providing the best possible thermal lamination films to the customers for which they are constantly innovating and coming up with new products like the anti-microbial films, high-speed lamination for hardcore books, nylon-based films for digital prints and PET for high ink coverage.
The research report presents a comprehensive assessment of the Thermal Lamination Films market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Thermal Lamination Films market report provides analysis and information, according to market segments such as geographies, product type, material type and end-use.
The Thermal Lamination Films Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Thermal Lamination Films Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The Thermal Lamination Films report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Thermal Lamination Films report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Thermal Lamination Films report also maps the qualitative impact of various market factors on market segments and geographies.
The Thermal Lamination Films Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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