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In a recently published report, Global Graphic Film Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Graphic Film Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Graphic Film Market is valued at approximately USD 23.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.24 % over the forecast period 2020-2027. Growing marketing and promotional spending, increased penetration of graphic films in the automobile industry, increased demand for wrap ads, and advancements in printing technologies and graphic films are some of the major factors driving the market's expansion. Graphic films are also used to shield the external parts of the car from reduced maintenance costs. Graphic films' development in the automotive industry is expected to be aided by increasing demand for vehicle protection and ads in developed and growing economies. Most retail vendors, also across the supply chain, have been steadily targeting the automotive industry in the last 2-3 years. For example, in April 2020, Mactac, a company headquartered in the United States, unveiled a new adhesive vehicle wrap for vendors looking to market their goods and logos on cars, buses, vans, and other vehicles, with the company claiming that the new patented adhesive would improve the durability of the vehicles. Moreover, car wraps have been around for a long time, and the technology behind creating these graphics has advanced significantly in the last decade. In the world of large illustrations and complete coverage, vinyl wraps are almost ubiquitous. For instance, FDC Graphic Films Inc introduced Lumina 3710, a premium ultra-metallic cast vinyl film for general signage, RV and maritime uses, vehicle aftermarket graphics, and striping, in February 2020. Because of its big metal flakes, high surface shine, and excellent colour depth, the 3710 Series creates vibrant graphic accents. However, fluctuations in raw material prices, may impede market growth over the forecast period of 2020-2027.
The regional analysis of the global Graphic Film Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is the leading region across the world in terms of market share due an increase in the usage of films in vehicle wrapping in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2020-2027 due to growing adoption of graphic films in the region.
Major market player included in this report are:
3M Company
E.I. Du Pont De Nemours and Company
FDC Graphic Films Inc.
Avery Dennison Corporation
Spandex AG
Graphic Image Films Ltd
Hexis S.A.
Drytac Corporation
ORAFOL Europe GMBH
Arlon Graphics LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Polymer:
Polypropylene (PP)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Other Polymers
By end user:
Automotive
Promotional and Advertisement
Institutional
Other End Users
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027.
Target Audience of the Global Graphic Film Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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