Thu, 01 Dec 2022

The global soft touch film market is expected to grow at a spectacular CAGR between 2022 and 2032. Increased emphasis on promotion activities across industrial and commercial sectors, as well as growing uses of soft touch films in electronic packaging, are expected to generate strong revenue generation potential for the worldwide soft touch film market.

Soft touch films are thin matte films composed of plastics like polypropylene, polyethylene terephthalate, and polyethylene that have a velvety and soft texture. The scuff-resistant surface of these films enhances and protects the appearance of the substrate product. They are primarily intended for one-sided lamination and come in three coating options: water-based, solvent-based, and FDA compliant soft touch coatings.

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Market Competition

Some of the leading players in the global soft touch film market are

  • Taghleef Industries SLU,
  • Avery Dennison Corporation,
  • Flexfilm Limited,
  • Doro Tape (UK) Ltd.,
  • Jet Technologies,
  • DUNMORE Corporation,
  • Ampacet Corporation,
  • Cosmo Films, Ltd.,
  • Pragati Corporation, and others.

Attributed to large number of market participants, increasing new launches products, capacity expansion strategies, the market for soft touch film is highly competitive.

Soft Touch Lamination Film Market: Dynamics

Growing retail sector plays pivotal role in driving the soft touch lamination film market. Rising inclination of customers towards product premiumization in the developing economies has led to intense demand for packaging laminates over the last decade. Also, trend for extra durable and water-proof documentation in the corporate sector have added an optimistic impact on the soft touch lamination film market.

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Soft Touch Lamination Film Market: Company Developments and Industry Level Trends

Key market participants all across the globe that operate in the packaging films market have focus towards launch of novel luxurious lamination products with superior velvety feel as well as with a scuff-resistant surface.

  • In 2017, Spanish firm Derprosa Films (Taghleef Industries S.L.U.) launches soft touch lamination film. The company guarantees the preservation of the Soft-Coat without losing the velvety feel, highlighting colours with an effect that is 50 percent more matt than a standard film.

  • Pragati Corporation has new type of soft touch lamination film that has 18 microns thickness and is used for photo albums, pamphlets, decorative packaging etc.

Regional Outlook

The global soft touch lamination film market is segmented into seven regions, namely, Asia Pacific Excluding Japan (APEJ), Japan, Latin America, North America, Eastern Europe, Western Europe, and Middle East and Africa (MEA). As a result of increased digitization the market for soft touch lamination film in North America is expected to witness a moderate growth. 

The similar trend is followed by European countries including Germany, the U.K., France, and Italy among others. However, China, India, and ASEAN countries are expected to draw healthy rate of growth in soft touch lamination film market. Similar trend are likely to be followed in the MEA region owing to rapid shift among customers towards enhanced product appearance. These factors are supposed to drive the global soft touch lamination film market during the next decade.

Frequently Asked Questions

  • How much is the global Soft Touch Film market worth?
  • At what CAGR is the Soft Touch Film market projected to grow in the forecast period (2022-2032)?
  • Which is the leading segment in the Soft Touch Film market?
  • What are the key factors driving the market?
  • Who are the leading players in the market?
  • Which region held the highest market share in the market?

Key Segments Profiled in the Soft Touch Film Market Survey

By Material:

  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Others

By Coating:

  • Water Based
  • Solvent Based
  • FDA Compliant Soft Touch Coatings

By Film Width:

  • Below 15 microns
  • 15-25 microns
  • 25-35 microns
  • Above 35 microns

By Application:

  • Book Covers
  • Postcards
  • Premium Prints
  • Corporate Brochures
  • Electronic Packaging
  • Luxury Folding Cartons, Boxes, Etc.
  • Dust Jackets
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East and Africa

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The post Sales of Soft Touch Film Market is expected to rise at rapid value CAGR by 2032 | Future Market Insights, Inc. appeared first on Future Market Insights.

Original Source of the original story >> Sales of Soft Touch Film Market is expected to rise at rapid value CAGR by 2032 | Future Market Insights, Inc.

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