VCI Film Market
VCI Film Market Size, Share & Trends Analysis Report by Product (Stretch VCI Films, Shrink VCI Films, and Sheets), by Material (Polyethylene, Paper, and Substrate), and by End-User Industry (Aerospace & Defense, Electricals & Electronics, Automotive, Metallurgy, and Others) Forecast Period (2024-2031)
VCI film market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031). VCI or vapor corrosion inhibitor film, is an anti-corrosive poly packing film. It offers dry, clean, pleasant, and safe packing for metal goods that need to be stored or transported. It comes in several inhibitor kinds, weights, and sizes. This anti-tarnish film guards against tarnish, corrosion, and rust on metal parts, machined parts, engines, and molds. As it is less prone to piercing or tear, it is highly preferred for packing heavy, bulky, or irregularly shaped components and equipment during shipment, long-term outdoor storage, or work-in-progress. The growing demand for VCI from the aerospace & defense industry is likely to drive the global market growth.
Market Dynamics
Growing demand for cleaner packaging solutions
The increasing inclination of end-user industries toward adoption of sustainable packaging options to reduce harmful impact on environment is a key factor driving the global market growth. Conventional corrosion inhibitors typically include hazardous chemicals and pose severe threats to environment. VCI films composed of recyclable materials offers an environmentally friendly packaging option. Thus, VCI films are in a great position to meet the manufacturing needs of the majority of industries and to actively pursue environmentally friendly solutions. In May 2024, EcoCortec, a subsidiary of Cortec Corp., launched its state-of-the-art compounding operations for VpCI polymers and bio-resins. Utilizing modern, high-tech compounding lines in its polymer processing facility, the plant is now producing premium concentrated masterbatch. Such developments are further aiding to global market growth.
Market Segmentation
Our in-depth analysis of the global VCI film market includes the following segments by product, material, and end-user:
- Based on product, the market is segmented into stretch VCI films, shrink VCI films and sheets.
- Based on material, the market is segmented into polyethylene, paper, and substrate.
- Based on end-user, the market is segmented into aerospace & defense, electricals & electronics, automotive, metallurgy, and other including oil & gas.
Shrink VCI Films is Projected to Emerge as the Largest Segment
The shrink VCI films are most practical and efficient type of VCI film for a range of end-users. The preferred characteristics of VCI films such as a high snug, protective, and compact fit, which lowers the chance of harm from movement during storage or transportation is a key contributor to the high adoption of these sheets. Shrink VCI films have ease of application and near-instant preparation time. Furthermore, as compared to more conventional corrosion control techniques such as oil or grease coatings, shrink VCI films represent a more affordable option.
Metallurgy Sub-segment to Hold a Considerable Market Share
It is anticipated that the metallurgical industry would continue to be a significant end-user of VCI film. The fundamental requirement for corrosion protection, which is essential throughout the whole metal production and processing process, is a key contributor to this persistent demand. The VCI film provides a dependable and economical metal protection solution for nearly every production step, from raw materials to final goods. By preventing corrosion on the metals throughout storage, transportation, and even certain specific phases of metal production, the VCI sheets reduce waste and guarantee product quality. The growing demand for VCI film from metallurgy industry to secure precious metals from corrosion is further driving the growth of this market segment.
Regional Outlook
The global VCI film market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global VCI Film Market Growth by Region 2024-2031
Asia-Pacific to exhibit Highest CAGR during the Forecast Period
The growing packaging industry of the region along with the growing manufacturing industry of the region is a key contributor to the high growth of this regional market. According to Invest India, the Indian packaging market is expected to reach $204.8 billion by 2025, registering a CAGR of 26.7% during the period of 2020-2025.
According to the Center for Economic Policy Research, China is now the world’s sole manufacturing giant. As its recent success in electric vehicles demonstrates, its wide and deep industrial base can help it gain a competitive edge in virtually all sectors. A robust manufacturing industry in China further creates a high demand for VCI film across the region.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global VCI film market include Armor Protective Packaging, Daubert Cromwell, Transcendia Inc., Cortec Corp., and Propagroup among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global VCI film market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Armor Protective Packaging
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Daubert Cromwell
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Transcendia Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global VCI Film Market by Product
4.1.1. Stretch VCI Films
4.1.2. Shrink VCI Films
4.1.3. Sheets
4.2. Global VCI Film Market by Material
4.2.1. Polyethylene
4.2.2. Paper
4.2.3. Substrate
4.3. Global VCI Film Market by End-User Industry
4.3.1. Aerospace & Defense
4.3.2. Electricals & Electronics
4.3.3. Automotive
4.3.4. Metallurgy
4.3.5. Others (Oil & Gas)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Aicello Corp.
6.2. BRANOpac India Pvt. Ltd.
6.3. Cortec Corp.
6.4. Crayex Corp.
6.5. Harita-NTI Ltd.
6.6. Intertape Polymer Group
6.7. James Dawson Enterprises Inc.
6.8. MetPro Group
6.9. Nantong Yongyu Anti-Rust
6.10. Nefab Group
6.11. Northern Technologies International Corp. (NTIC)
6.12. Patkar Extrusiontech (Pvt.) Ltd.
6.13. Propagroup SPA
6.14. RBL Industries
6.15. Shenyang rustproof packing material Co., Ltd.
6.16. Tewes Corp.
6.17. Zavenir Daubert India Pvt. Ltd.
1. GLOBAL VCI FILM MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
2. GLOBAL STRETCH VCI FILM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL SHRINK VCI FILM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL VCI FILM SHEETS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL VCI FILM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
6. GLOBAL POLYETHYLENE-BASED VCI FILM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL PAPER-BASED VCI FILM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL SUBSTRATE-BASED VCI FILM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL VCI FILM MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
10. GLOBAL VCI FILM FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL VCI FILM FOR ELECTRICALS & ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL VCI FILM FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL VCI FILM FOR METALLURGY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL VCI FILM FOR OTHER END-USER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL VCI FILM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. NORTH AMERICAN VCI FILM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
17. NORTH AMERICAN VCI FILM MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
18. NORTH AMERICAN VCI FILM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
19. NORTH AMERICAN VCI FILM MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
20. EUROPEAN VCI FILM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
21. EUROPEAN VCI FILM MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
22. EUROPEAN VCI FILM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
23. EUROPEAN VCI FILM MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC VCI FILM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC VCI FILM MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC VCI FILM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
27. ASIA-PACIFIC VCI FILM MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
28. REST OF THE WORLD VCI FILM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
29. REST OF THE WORLD VCI FILM MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
30. REST OF THE WORLD VCI FILM MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
31. REST OF THE WORLD VCI FILM MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
1. GLOBAL VCI FILM MARKET SHARE BY PRODUCT, 2023 VS 2031 (%)
2. GLOBAL STRETCH VCI FILM MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL SHRINK VCI FILM MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL VCI FILM SHEETS MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL VCI FILM MARKET SHARE BY MATERIAL, 2023 VS 2031 (%)
6. GLOBAL POLYETHYLENE-BASED VCI FILM MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL PAPER-BASED VCI FILM MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL SUBSTRATE BASED VCI FILM MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL VCI FILM MARKET SHARE BY END-USER INDUSTRY, 2023 VS 2031 (%)
10. GLOBAL VCI FILM FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL VCI FILM FOR ELECTRICALS & ELECTRONICS MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL VCI FILM FOR AUTOMOTIVE MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL VCI FILM FOR METALLURGY MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL VCI FILM FOR OTHER END-USER INDUSTRIES MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL VCI FILM MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. US VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
17. CANADA VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
18. UK VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
19. FRANCE VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
20. GERMANY VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
21. ITALY VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
22. SPAIN VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
23. REST OF EUROPE VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
24. INDIA VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
25. CHINA VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
26. JAPAN VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
27. SOUTH KOREA VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
28. REST OF ASIA-PACIFIC VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
29. LATIN AMERICA VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
30. MIDDLE EAST AND AFRICA VCI FILM MARKET SIZE, 2023-2031 ($ MILLION)
