Breathable Films Market to Reach Valuation of USD 24.7 Billion by 2030 – Growing Awareness Regarding Health & Hygiene

In terms of revenue, the Global Breathable Films Market is expected to reach USD 24.7 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 5.1% from 2023 to 2030.

Major factors that are expected to hike the growth of the Breathable Films market in the forecast period are the surge in the use of films in prime hygiene products. Furthermore, the development in the need for sports as well as industrial protecting costumes is further augmenting to propel the production of the Breathable Films market. Furthermore, it is predicted that the market for Breathable Films would expand more slowly due to consumers' increasing preference for convenience foods and drinks. On the other hand, it is also anticipated that the fluctuation in raw material prices may constrain the market's expansion for Breathable Films during the timeframe period.

The development in applications from various sectors, such as personal care, pharmaceuticals, building and construction, medical, and food, will also likely present chances for the Breathable Films market to expand over the coming years. However, in the near future, the expansion of the Breathable Films market may be further hampered by the simple ease of product alternatives.

Key Highlights from the Report

· By Type, the polyethylene-based Breathable Films type segment is anticipated to dominate the Breathable Films market with the biggest market share during the anticipated term. This is because polyethylene is less expensive than other Breathable Films types.

· By Application, the medical segment accounted for the maximum share during the forecast period because increased usage of Breathable Films in surgical drapes and gowns is expected to be the major driver.

· In terms of Region, the Asia Pacific holds the largest market share in 2022, and it is likely the most gainful market in the future, the region accounts for more than half of the Breathable Films market, owing to a rise in the R&D activities and building & construction industries.

Market Dynamics

The Breathable Films market has had significant growth as a result of the rising public demand for hygiene, and this development is only anticipated to continue. The primary factor propelling the market's growth is the enormous need for products that maintain hygiene in the healthcare sector and the food packaging industry. There are now more sophisticated solutions on the market as a result of the greater discretionary cash available to customers. The pandemic epidemic had an enormous effect on this industry because of the spike in premium material demand on a global scale and the high need for PPE kits.

Existence of alternatives to Breathable Films, such as diffuser films, moisture barrier films, and waterproof films, which have nearly identical properties and are more affordable than Breathable Films. This has drawn consumers towards purchasing readily available alternatives, which is predicted to slow the expansion of the market for Breathable Films throughout the anticipated timeframe.

In North America, Western Europe, and Japan, the penetration rate of infant diapers ranges from 95% to 98%. The low growth rate of Breathable Films in developed economies is a result of the high penetration rate of newborn diapers in these countries.

In developing nations, the penetration of hygiene products is still relatively low. Nowadays, the penetration rate is quite low in nations with big populations and high birth rates like China, India, and Indonesia. The demand, however, is anticipated to expand dramatically due to changes in consumer preferences, increased per capita income, and a greater awareness of health and hygiene. In developing nations like China, India, and Indonesia, there is great potential for the growth of hygiene products as well as Breathable Films.

The Global Breathable Films Market is Segmented as follows

• Type
  • Polyethylene-based
  • Polypropylene-based
  • Polyurethane-based
• Technology
  • Microporous-based Breathable Films
  • Monolithic-based Breathable Films
• Application
  • Hygiene & Personal care
  • Medical
  • Food Packaging
  • Construction
  • Fabric (Defence Jackets, Protective Garments for Industrial Use)
  • Others (Adventurous Sporting Goods e.g. Raflts, Tents, Waterproof Camping Bags, Mattresses, Disposable Work Wear, Coverall, Jumper, Rainwear, & Shoe Liners)
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Breathable Films Market is

Thioplast Industries AB (Sweden), Schweitzer-Mauduit International Inc. (U.S.), Fatha A.S. (Czech Republic), Nitto Denko Corporation (Japan), Covestro AG (Germany), Toray Industries Inc. (Japan), Mitsui Chemicals Inc. (Japan), Arkema S.A. (France), The RKW Group (Germany), Clopay Plastic Products Co. Inc. (U.S.)

The Global Breathable Films Market Scope can be Tabulated as below