Research and Markets - Global Specialty and High-performance Films Market Growth at CAGR of 6.55%, 2016-2020: Rising Demand for Specialty and High-Performance Films in FMCG and Essential Commodities Sector
The global specialty and high-performance films market to grow at a CAGR of 6.55% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global specialty and high-performance films market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of specialty and high-performance films to end-users such as the packaging, personal care products, electrical and electronics, automotive, and pharmaceutical industries.
Packaging options provide unique properties such as high tensile strength and this increases the demand for specialty film. The global specialty and high-performance films market is witnessing growing demand from different industries such as food and beverage and automotive, with highest demand from the food and beverages industry.
According to the report, increasing demand for sturdy packaging material will drive growth in the market. The entire processing industry has been reliant on packaging materials for the efficient transport of processed products as packed goods. Incorporating rugged packing materials at the end of processing line can make the painstaking tasks of transportation and distribution effortless.
Further, the report states that with the increasing production and consumption tonnages, the waste management of plastic and its auxiliary products is posing as a major challenge. Increased use of plastic products, a trend that was observed only in the urban landscapes, is slowly shifting even to rural areas.
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?