Global demand for specialty films to advance to $ 7.3 billion in the year 2010

Mumbai, March 3, 2007: According to a new report titled "Specialty Films industry forecasts to 2010 & 2015" distributed by Mumbai based distributors Bharat Book Bureau, mentions that the demand for specialty films is forecasted to advance 4.8 per cent per year to $ 7.3 billion in the year 2010. 

The report mentions that the gains will be driven by increasing performance requirements in a number of markets, which will necessitate the use of higher value specialty materials in films.

In addition to this, new technologies such as modified atmosphere and case-ready packaging will fuel the advances, as will the improved processing methods in coating and metallization. Also, the demand will benefit from emerging products and markets for specialty films, like biodegradable trash bags and soluble oral delivery products. Further gains will be inhibited by market maturity or weak demand in a number of specialty film applications, including PVC decorative films, breathable films for personal care products and interlayer films for motor vehicle windows.

Also, barrier films are the largest segment of the specialty films industry, with it accounting for half of the total demand in 2005. These opportunities will further spur the advances for plastic films such as ethylene vinyl alcohol, nylon and polyvinyl chloride etc, which are used in the construction of barrier films.

Additionally, the improvements in metallization technologies are allowing metallized films to become a cost-effective replacement for film / foil and film / paper laminates in a number of food packaging applications.  The rapid growth in specialty films will occur in biodegradable and water soluble films, which will see double digit gains from from a small base. Also, the demand for biodegradable films, which are used to produce compostable kitchen and lawn bags, will benefit from environmental concerns and increased commercialization of bio-based polymers. Water soluble film demand will receive a boost from the introduction of medicinal and health products in dissolvable thin film form.

For more information kindly visit: http://www.bharatbook.com/bookdetail.asp?bookid=8063

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