Graphic Films Market To Report Impressive Growth, Revenue To Surge To US$32.10 Billion By 2024
With the presence of a large pool of participants, the global graphic films market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). DUNMORE Corporation, Constantia Flexibles Group, and Avery Dennison Corporation, Amcor Limited, and Hexis S.A. are some of the key vendors of graphic films market across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the graphic films market study.
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Citing an instance, recently, researchers found that graphic films can make solar panels aesthetically appealing to the end-users.
As estimated in this report, the global graphic films market stood at US$25.16 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this graphic films market is expected to reach US$32.10 billion by the end of the forecast period. The main types available in this graphic films market are opaque, transparent, translucent, reflective, and other films. Among them, the demand for opaque graphic films is relatively higher and the trend is anticipated to remain so over the next few years, notes the graphic films market research report. The main material types available in this graphic films market are polyvinylchloride (PVC), polypropylene (PP), and polyethylene (PE). Among them, the demand for is Among them, the demand for opaque graphic films is relatively higher and the trend is anticipated to remain so over the next few years, notes the graphic films market research report relatively higher and the trend is anticipated to remain so over the next few years, notes the graphic films market research report.
Mammoth Product Demand Across Various Sectors To Augment Market Growth
“Extensive product use in anti-graffiti, advertisement, promotional banners, and pamphlets applications are likely to boost global graphic films market size in the years ahead,” says the author of this study. Apart from this, rising promotional trends observed in the e-commerce sector boost the demand of graphic films in the near future. In addition, extensive product popularity in automotive, promotion and branding, retail and construction sectors will further promote graphic films market growth over the coming decade.
Beneficial characteristics such as high durability, lightweight, ease of use, and excellent printability is predicted to drive the graphic films market revenue in the forthcoming years.
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Rise In Disposable Income To Help Asia Pacific Maintain Regional Dominance
Regionally, Asia Pacific has been leading the worldwide graphic films market and is anticipated to continue on the dominant position in the years to come, states the graphic films market study. Increasing disposable income, population, rapid urbanization, and income capability of constituent nations such as India, China, and Japan is the main factor behind the dominance of the Asia Pacific graphic films market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting the growth of this regional graphic films market.
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