Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Graphic Film Market by Product Type (Polyethylene, Polypropylene, Polyvinyl Chloride), Film Type (Opaque, Transparent, Translucent, Reflective), Manufacturing Process, Printing Technology, End-Use Industry, and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The comprehensive analysis and forecast of the global graphic film market have recently been added to an online market research repository. It offers data-driven insights and industry recommendations from 2023 to 2028, accommodating for changes in market dynamics.
According to the recent research, the graphic film industry is poised to reach an impressive USD 36.2 billion by 2028, progressing from its current valuation of USD 28.9 billion in 2023, with a steady CAGR of 4.6%. This market expansion is largely fueled by escalating advertising and promotional activities, augmenting the visibility and consumer awareness of products and services by leveraging graphic films. Concurrently, the automotive sector is experiencing a surge in the application of graphic film for vehicle wraps, further propelling the market forward.
Key Market Segments on the Rise
One of the standout segments within the global graphic film market is that of opaque films, which are recognized for their versatility across diverse uses, including indoor and outdoor settings. The adoption of polyvinyl chloride (PVC) graphic films is also gaining momentum due to their durability, moisture resistance, and applicability to various environments.
Technological Advancements and Manufacturing Process Elevate Market Prospects
The increased affinity for digital printing technology in the graphic film market is notable, with its ability to accommodate short runs and expedite production, while delivering high-resolution, striking imagery. Moreover, the calendered manufacturing process is emerging as a preferred method due to its cost efficiency and suitability for diverse applications.
Asia-Pacific Region at the Forefront of Market Growth
The Asia-Pacific region is seizing the spotlight as the fastest-growing market, with a projected highest CAGR from 2023 to 2028. Factors such as burgeoning urbanization and industrialization, expansion in the construction sector, and a flourishing automotive industry are the main drivers behind this growth.
Global Industry Leaders
Major companies are contributing to the global expanses of the market, implementing strategic initiatives such as expansions, product developments, and collaborations. These strategies are critical in addressing the evolving demands of diverse end-use industries and maintaining competitive advantage.
Research Coverage and Future Outlook
The detailed market report encompasses a segmentation analysis based on product type, film type, printing technology, end-use industry, and manufacturing process, providing a granular view of the graphic film market landscape. It also reflects on the market dynamics, including key drivers, opportunities, and challenges presently influencing market growth.
Stakeholders stand to gain valuable insights from this comprehensive market synopsis, which aims to deliver strategic intelligence to navigate and capitalize on market trends. With in-depth focus on market development, diversification, and competitive assessments, organizations are better positioned to make informed decisions going forward.
Overall, this forecast offers an extensive resource for entities operating within or entering the graphic film market, outlining pivotal trends and growth opportunities that define the industry's forward trajectory to 2028.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 231 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $28.9 Billion |
| Forecasted Market Value (USD) by 2028 | $36.2 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Companies Mentioned
- 3M
- Acco Brands
- Achilles Usa Inc.
- Arlon Graphics, LLC
- Avery Dennison Corporation
- Bridgehead Co., Ltd.
- CCL Industries
- Celadon Technology Company Ltd.
- Continental Grafix Usa, Inc.
- Contra Vision Limited
- Cosmo Films Limited
- Drytac
- Dunmore
- Dupont De Nemours, Inc.
- Fedrigoni S.P.A.
- Garware Hi-Tech Films Limited
- Hexis S.A.S.
- Jessup Manufacturing Company
- Jiangsu Aoli New Materials Co., Ltd.
- Lintec Corporation
- LX Hausys
- Mativ
- Nekoosa
- Orafol Europe GmbH
- Taghleef Industries
- The Griff Network
- Ultraflex Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ly8oie
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