The silky matte film market size is projected to be worth US$ 218.5 million in 2023. The market is likely to surpass US$ 317.3 million by 2033 at a CAGR of 3.8% during the forecast period. The silky matte film has outstanding scuff resistance and bind strength with paper and various flexible packaging laminates. It is suitable for use in post-lamination processes such as foil stamping and UV spot coating. It also has a high transmittance, which improves reverse printability. Due to its excellent frictional qualities, its package has superior shelf stability. Future Market Insights says, The film has an extrusion-coated surface with low temperature melting resin, allowing for heat and pressure lamination of the film to paper products. BOPP silky matte film creates a luxurious appearance and enhances the looks of books cover, food packaging, cosmetics packaging and other printed material.
Drivers Propelling the Demand for Silky Matte Film include:
The growing adoption of matte film in paper printing, visiting cards, commercial posters driving the market growth
The material used for manufacturing silky matte film is non-toxic, and it preserves image color, which keeps the packaging of products fresh for a longer period. Thus, the sales of the product are increasing with time.
The increasing demand for luxury packaging and the demand for eco-friendly packaging solutions with matte finished silky film material driving the market growth.
This film provides cosmetic tangible and excellent scratch and scuff resistance & applied as wet wipes bags, liquor boxes, and corporate brochures which increasing the market demand.
Challenges for Companies /Manufacturers in the Silky Matte Film Market:
The increasing plastic pollution throughout the world, the scope of plastic-based matte film will be reduced, slowing the growth rate of the silky matte films market.
The high raw material price and supply chain will also function as market restraints, further challenging the silky matte film market’s growth rate.
Opportunities in the Silky Matte Film Industry:
The rise in demand for silky matte films in the graphics and printing industry is expanding the business of major players in the market. The silky matte films are used in various applications such as book covers, posters, etc. which can boost the growth of new entrants in the market.
Industry dynamic developments, such as the implementation of new regulatory efforts, have compelled manufacturers to develop innovative packaging solutions.
Increasing concern about the usage of biodegradable matte film and its influence on the environment have also prompted filmmakers to seek environmentally safe and secure alternatives.
The increased number of strategic agreements and rising new markets will also increase the market’s profitable potential.
The demand for silky matte films is growing in various regions globally, and expansion in the operation of companies in the emerging market can drive the growth of companies.
Latest Trends in the Silky Matte Film Market:
The companies are focusing on increasing the sustainability of products, which can reduce the impact of the environment on the product.
The trend of customization and personalization is boosting the growth. Consumers are demanding customized packaging for their products.
The rise in the e-commerce sector is increasing the demand for silky matte films, due to rise in packaging industry.
Country-Wise Insights
Silky Matte Film Market to Surge in Unites States Amid the Rising Key Players.
The silky matte film industry in the United States is expected to reach a market share of US$ 43.8 billion by 2033, expanding at a CAGR of 3.3%. The rise of the packaging sector and consumption of packaged foods is driving the growth of United States market. This increase can be attributed to the rising use of these films in surface coatings to prevent photocopying across the United States. Nowadays, some companies in the United States use film as a security printing medium on top of official papers such as passports and driver’s licenses, which aids in the prevention of counterfeiting and duplication.
