Amcor(US:AMCR) GlobeNewswire News Room·2024-07-09 13:16Market Overview - The Asia-Pacific graphics film market was valued at $9.73 billion in 2023 and is projected to reach $16.27 billion by 2033, growing at a CAGR of 5.28% from 2023 to 2033 [1][6] Market Drivers - The growth is driven by rising demand from key industries such as automotive, promotional, and advertising, supported by rapid industrialization and urbanization in countries like China, India, and Japan [2] - Increasing emphasis on vehicle aesthetics, branding, and advertisement is further boosting demand for graphics films, including sustainable and self-adhesive options [2] Market Trends - There is a rising demand for sustainable films and innovations in self-adhesive films, aligning with growing environmental consciousness [7] - Technological advancements and the availability of diverse film types are enhancing market expansion [2] Market Opportunities - Strategic expansion of manufacturing facilities and advancements in adhesive film technologies present significant opportunities for growth in the graphics film sector [7] Competitive Landscape - Key players in the Asia-Pacific graphics film market are engaging in business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures to strengthen their market position [3][4] - A detailed competitive benchmarking of players has been conducted to understand the market landscape and identify untapped revenue pockets [5] Product Segmentation - The report categorizes graphics films by product type, including polyethylene, polypropylene, and polyvinyl chloride, among others [7]