US specialty film market to hit US$8bn by 2017

According to the Specialty Films study, produced by industry market research firm Freedonia Group, packaging is the largest market for specialty films, accounting for two-thirds of overall demand. 

Of the specialty film used in packaging, barrier films have the largest share with over 90 percent of the market. Growth in barrier film demand will be driven by the rapid rise in the use of vacuum packaging, oxygen scavenging and low-oxygen case-ready technologies in meat packaging, as these technologies utilize high-barrier films to maintain an optimum atmosphere inside the package. 

Demand for barrier films will also benefit from the increased use of specialty barrier films in pharmaceutical blister packaging applications. 

Increasing use in small, but high-growth market areas, such as photovoltaic modules and biodegradable packaging, will also bolster advances, as will a rebound in the construction market. 

A rebound in building construction will benefit safety and security films, as double-digit annual growth in both residential and non-residential building spending will boost demand for films used in windows for safety and security as well as light control. 

The most rapid growth in specialty films will occur in biodegradable and water soluble films, which will benefit as the technologies improve and new applications are developed. 

Demand for biodegradable films, which are used to produce compostable packaging and bags for organic waste, will benefit from environmental concerns and the increased commercialization of bio-based polymers. Water soluble film demand will receive a boost from the introduction of pharmaceutical and health products in dissolvable thin film form, as well as the introduction of edible, water soluble food packaging.