Global UV Stabilized Films Market - 2021-2028
発行: DataM Intelligence
ページ情報: 英文 180 Pages
UV Stabilized Films Market Overview
UV stabilized films play an essential role in the field of Agriculture. The weather conditions of our country are very uncertain, varying from place to place, which is the biggest obstacle in the growth of quality crops. Climax UV stabilized films balance both the aspects very well the quality and quantity of a crop. It believes in keeping pace with the present time, providing the best technology for producing the best quality of crops like fruits, flowers, vegetables, medicinal plants, tissue culture etc. UV films also protect the plants by reducing diseases and pests.
High thermal stability & excellent mechanical properties offer product protraction at elevated temperature processes and conditions
The global UV stabilized films market is estimated to reach US$ YY million by 2028 from the recorded market size of worth US$ YY million in 2020, growing at a CAGR of YY% during the forecast period (2021-2028).
UV Stabilized Films Market Dynamics
The increasing inclination of consumers towards food items is triggering the demand for UV Stabilized Films in recent times. Growing investments in agriculture activities create a strong opportunity for the UV Stabilized Films market growth.
Increasing demand for food items is expected to increase the market size
The demand for food items such as fruits, crops and vegetables has been growing due to the growth in the global population. Various regions are focusing on increasing their agriculture output to meet the growing food demand. Moreover, UV stabilized films play an essential role in agriculture as they offer to enhance soil nutrients, desirable climate and maintain the value of nutrients. In addition, UV stabilized films also protect plants from diseases and pests, and balance the quantity & quality of crops.
Usage of UV stabilized films for greenhouse in farming has increased the production rate by 10-30%. Economies are changing their focus on expanding agriculture output, which is anticipated to create significant demand for UV stabilized films during the forecast period. India's agriculture history dates back to the Indus Valley civilization era and even before southern India. The agriculture sector is one of the most important industries in the Indian economy, which is also a huge employer. Approximately 60% of the Indian population works in the industry, contributing about 18% to India's GDP. This share reduces gradually with each year, with development in other areas of the country's economy.
The growing number of investments in agriculture activities is expected to boost the market
The growing number of investments in agriculture activities has also created scope for huge-scale revenues in the market. Moreover, training programs in farm management have given new bays for manufacturers of UV stabilized films to attain under the limelight of attention. Patents and permissions guard markets related to industrial films. It would be exciting to witness the policies that will shape the future competitive dynamics of the global UV stabilized films market. In addition, farmers' knowledge about the protection and shielding of crops has performed an integral role in driving market demand. Selective dispersal of sunlight across a farmed area has worked well for farmers of various crops. This factor has hit favorable deals for market vendors.
Stringent government regulation and rules are expected to hinder the market growth
Stringent government regulations and rules are expected to hinder market growth. The environmental concerns are projected to challenge the UV stabilized films market during the forecast period. Moreover, the development of greenhouse technology and the growing demand to protect industrial products from the sun's UV rays has led to the development of the UV stabilized films market. As continuous exposure to UV rays is expected to weaken the film's holding ability and strength, manufacturers are continually targeted towards improving the film extruding process and producing products with high mechanical strength.
UV Stabilized Films Market Segment Analysis
By end-user, the market is segmented into agriculture, automobiles, building & construction, chemicals, pharmaceuticals, packaging, industrial, food and others.
The global UV stabilized films market is expected to register substantial growth during the forecast period, primarily driven by the increasing demand from non-packaging end-use industries. Advancements in agricultural practices, including greenhouse cultivation to sustain the food requirements of the rising global population, will continue to create a high demand for UV stabilized films. The rapid expansion of the construction industry, especially in developing countries, is further likely to provide potential growth prospects for the market. Moreover, researchers claim that yield of field-grown vegetables and plants can be grown by 10-12 times through proper generative conditions. This factor has played an essential role in the growth of the global UV stabilized films market. In addition, growing plantations of high-breed flower saplings have also given a thrust to market growth. As climate change hits several industries, planters are studying alternative means to protect unique breeds of plants.
UV Stabilized Films Market Geographical Analysis
Based on the geography, the UV stabilized films market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The demand for UV stabilized films in the European market is expected to remain at the dominant position in sales and value generation due to the growing trade volume and e-commerce in countries.
Europe is expected to register the largest market share during the forecast period
Europe continues to hold the largest share in UV stabilized films market due to well-established players. Moreover, East Asia is expected to take over its leading position during the forecasted period due to increased urbanization and industrialization in the region. Market merchants are focused on gaining on East Asian countries by developing their manufacturing facilities and production capacities. China is anticipated to offer sustained opportunities for growth for manufacturers of UV stabilized films. The real gross value added by the agricultural sector in India in the fiscal year 2018 amounted to about 20.69 trillion Indian rupees. A reducing trend in this value can be attributed to decreasing agricultural prices, with most of them below the least support prices, a rise in urbanization, and the expansion of the country's services and manufacturing industries. According to the World Bank, as of 2015, approx. 38% of the land space in India is suitable for agriculture. In addition, the arable land area in the country is the second-largest in the world after the U.S. The total cultivated land area in India in the fiscal year 2016 was approx. 1.49 million hectares. This value is declining continuously due to urbanization.
UV Stabilized Films Market Competitive Landscape
The UV stabilized films market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Mitsubishi Chemical America Inc., DuPont Teijin Films, Tintfit Window Films, Llumar Window Films, Johnson Window Films, Vista Windows Films, 3M Company, Easter Industries, Venus Plastics, Elif Plastik are the major player in the packaging market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global growth of the UV stabilized films market.
Mitsubishi Chemical America Inc.
Overview: The company manages a global network of 24 sites in 15 nations. In addition, the company's R&D, manufacturing plants and sales & technical assistance centers are focused on providing global and local product solutions that fit the demands of its customers' applications. The company provides the broadest portfolio of production polymers product technologies and works closely with its customers to deliver the technology that best satisfies their requirements.
Product Portfolio: Hostaphan UV-stabilized polyester films manufactured from Mitsubishi Chemical America, Inc. are biaxially oriented films made from polyethylene terephthalate (PET). These UV-protected polyester films provide very high absorption of UV radiation and good weathering resistance. With UV blocker added to decrease UV transmission, these films show a large transmission in the visible and almost no transmission in the UV light region. Moreover, other required features of these UV-stabilized polyester films include good dimensional stability and high mechanical strength over a wide temperature range. The company packaging films are designed with treated surfaces to offer enhanced adhesion to coatings, adhesives, solvent-based inks and vacuum deposited metal for enhanced barrier properties for use in packaging applications, including severe retort conditions. Ultra-clear, UV- stabilized polyester films are available for industrial and window film applications, including photovoltaic end uses, where optical clarity, enhanced flatness and high durability are required.
The global UV stabilized films market report would provide access to an approx. 77 market data table, 92 figures and 180 pages.
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