Elastic Film Market to Reach USD 3.4 Billion by 2034, Driven by Rising Demand for Hygiene and Medical Applications | Future Market Insights, Inc.

Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

Flexible Film Industry France's demand is expected to grow at a 1.9% CAGR between 2024 and 2034. For many French cuisines, food must be packaged in flexible materials to prevent harm from the outside elements. Elastic polymers are in greater demand as a result. Stretch paper packaging for particular products is becoming more and more popular among French pharmaceutical companies.

NEWARK, Del, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The global elastic film market is poised for steady growth, with its value expected to rise from USD 2.5 billion in 2024 to USD 3.4 billion by 2034, reflecting a CAGR of 2.9% over the forecast period. This expansion is largely driven by growing awareness of personal hygiene among the female population and the increased use of elastic films in baby care and medical products.

Key materials fueling the growth of the elastic film market include ethylene-based elastomers, styrene-block copolymers, propylene-based elastomers, and PET, which are extensively utilized in medical and hygiene products. These materials are essential for adhesive closing solutions, such as frontal tapes, commonly used in baby diapers and feminine hygiene products.

The global surge in baby births, attributed to advancements in reproductive technology and infertility treatments, has led to a heightened demand for baby care products. Elastic films, a critical component in diaper production, are witnessing significant demand, presenting lucrative opportunities for market players.

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However, the market's growth is constrained by increasing environmental regulations and the availability of alternative elastic laminates, which are gaining traction due to their eco-friendly attributes.

In response to rising incidences of female health issues, such as bacterial vaginosis, caused by improper menstrual hygiene, governments and NGOs worldwide are taking steps to promote feminine hygiene. Initiatives like free sanitary pad distribution are expected to further propel the demand for elastic films in the production of sanitary products.

Market Value of Elastic Film by Country

Countries

CAGR from 2024 to 2034

Spain

2.50%

 

Thailand

3.90%

 

China

4.40%

 

India

5.50%

 

France

1.90%

 

"Elastic films are key to packaging innovation, offering flexibility, durability, and efficiency across industries. As demand grows, it's exciting to see advancements in material technology driving sustainability and performance improvements." says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).