Overview of the Surface Printed Film Market –The urge to make packaging more appealing while also being environmentally responsible led to the development of the surface printed film. Surface printed film has a lower carbon footprint than typical rigid packaging materials, making it more appealing to bend-users users and manufacturers. Manufacturers print or create surface printing films to target a specific demographic.
Because of the large printing surface area supplied by the film, the surface printed film market is a good option for manufacturers to provide information about their products and company. Films with different designs have different properties, such as resistance to moisture, heat, UV light, and so on. Pharmaceutical, personal care, food and beverage, industrial packaging, and other industries employ surface printed film as an end product.
Market Dynamics for Surface Printed Films on a Global Scale
The flexible packaging market is linked to the surface printed film market. The flexible packaging industry is predicted to develop at a CAGR of 5.5 percent over the forecasted period, with a market value of roughly US$ 238 billion. Flexible packaging is being driven by the desire to make optimal use of resources, which is having a favorable impact on the surface printed film market.
Packaging makers have been convinced to adapt to flexible packaging and the growing surface printed film market due to the film’s economic effectiveness and increasing consumer desire for buying products in smaller quantities. The demand for the surface-printed film is predicted to rise vertically as a result of increased penetration of modern retail locations and changing customer lifestyles.
Regional Overview of the Global Surface Printed Films Market
Over the projected period of 2017-2025, the market for surface-printed films is expected to develop at a healthy rate. The North American market for surface-printed films is the largest and fastest-growing.
For the next few years, the surface printed films market in Western Europe and Eastern Europe is predicted to grow at a faster rate than the rest of the world. The major markets for surface-printed films are the United Kingdom, Germany, Italy, and France.
Over the projected period, the Asia-Pacific excluding Japan region is expected to have the highest growth in the surface printed films market. Due to rising retail industry expansion and technological advancement in these developing economies, India and China are likely to dominate the global surface printed films market.
Key Players in the Global Surface Printed Film Market
Ampac Holdings, LLC, Amcor Limited, Winpak Ltd., Signature Flexible Packaging, Inc., Surface Guard Inc., Uflex Limited, and others are some of the major companies in the surface printed film market.