Most players operating in the global graphic films market are expected to grab lucrative opportunities in the near future, thus intensifying the competitive scenario, says Transparency Market Research, on the basis of a recently published report. Most players are attempting to develop new strategies such as improving product quality, reducing production costs, and increasing marketing reach. Leading companies existing in this market are Constantia Flexibles Group GmbH, Achilles Corporation, Arlon Graphics, Avery Dennison Corporation, Hexis S.A., Dunmore Corporation, 3M Company, Amcor Limited, and E. I. du Pont de Nemours and Company.
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Ease of Utilization Spurs Widespread Usage of Transparent Films
The worldwide graphic films market is segmented on the basis of film type, material type, end use, and region. Under film type, the market consists of four prominent segments viz. translucent, transparent, opaque, reflective, and others. From these, transparent films have managed to garner a supreme share in terms of revenue owing to less cost and ease of usage. These films are expected to gain a valuation of US$10.4 bn by 2022, thus strengthening their lucrativeness in future as compared to other segments.
Geography-wise, the global graphic films market is catalogued into Asia Pacific expect Japan, Europe, Japan, North America, Middle East and Africa, and Latin America. Owing to a strong manufacturing infrastructure and availability of manpower in Asia Pacific, this region has grabbed the titular spot in terms of regional analysis, thus attracting handsome revenue share.
The global graphic films market is prognosticated to gain a revenue of US$33.7 bn by 2022, which is a significant rise from a base valuation of US$26.0 bn recorded in 2017. This surge in valuation is expected to occur at a healthy CAGR of 5.3% during the forecast period from 2017 – 2022.
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