Printable Self-Adhesive Vinyl Films Market Size, Share and Trend Analysis Report by Type, Manufacturing Process, Thickness, Application, Substrate, and Segment Forecast, 2021
Printable Self-Adhesive Vinyl Films Market Size, Share and Trend Analysis Report by Type (Translucent, Opaque), Manufacturing Process, Thickness, Application, Substrate and Segment Forecast, 2021-2028
New York, December 03, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the “Printable Self-Adhesive Vinyl Films Market Size, Share and Trend Analysis Report by Type, By Process Manufacturing, By Thickness, By Application, By Substrate & Segment Forecast, 2021 – 2028 “- https://www.reportlinker.com/p06187935/?utm_source=GNW
Printable Self-Adhesive Vinyl Film Market Growth and Trends
The global printable self-adhesive vinyl film market size is expected to reach $ 4.42 billion by 2028. The market is expected to grow at a CAGR of 4.6% from 2021 to 2028. Growing demand for fleet graphics and scope of service Growing application in the signage and graphics industry is also expected to fuel the market growth. The frequent appearance of the promotion or brand name in the market related to the business results in an effective frequency of messages that are to be delivered to the target audience. The growing demand for fleet graphics in the advertising industry to increase the reach of large customers is expected to drive product demand.
The availability of printable self-adhesive vinyl films in two different forms, such as cast and calendered, provides an additional opportunity in the market due to the advantages offered by these distinct films. For example, cast vinyl films do not shrink with age, have extended life and durability, and are cost effective and available in thinner gauges.
Calendered vinyl films are economical and have higher abrasion resistance. Many companies offer product warranties ranging from two to seven years.
This is due to the high resistance properties of the product to water and UV, which can be improved by the application of nano-ceramic on the film. The car wrapping application segment is expected to experience an increase in demand with the growth of the automotive industry, especially in Asia Pacific.
Technical complexities are expected to limit growth over the forecast period. Most of the complexities arise when dealing with heavy vehicles, due to their large size and heavy bases.
These factors have resulted in their low penetration of growth. However, the trend of advertising and branding is expected to benefit these vehicles due to their high space availability.
These personalization trends are widely adopted by retail customers on their personal light vehicles resulting in high penetration of growth. Increasing disposable income and rapid urbanization are some of the macroeconomic factors that contribute to the high growth potential of the market.
Highlights of Printable Self-Adhesive Vinyl Films Market Report
• In terms of revenue, the calendered film segment was a significant share in 2020 due to attributes including stiffer and thicker texture for easy handling, higher performance on flat, simple and moderate curves and higher abrasion resistance
• Fleet graphics applications segment dominated the market in 2020 due to the growing demand for effective advertising that leaves a lasting impression on customers.
• Global advertising and marketing professionals have included printable self-adhesive vinyl films in their branding strategies. Floor graphics are suitable for trade show booths, reception areas, corporate halls, conference rooms and performing arts centers and theaters
• Merger and acquisition strategies are carried out by major players. For example, in September 2019, Orafol Europe GmbH acquired KMPF Vehicle Wrap. The acquisition allowed Orafol to expand its market presence in the UK
• Asia Pacific and Japan (APJ) were the largest regional market in 2020. Many companies, including Avery Dennison, Hexis SA and 3M, developed a variety of colors and prints to meet growing demand. of products for car wrapping applications
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