Global VCI Film Market Size is Expected to Grow to $120.23 Billion by 2029

Global VCI Film Market Overview

According to Global Market Monitor, the global VCI film market size was $93.92 billion in 2023 and is expected to grow to $120.23 billion by 2029.

VCI film is a type of packaging that usually consists of a polyethylene film with the addition of a vapor inhibitor additive during the film's production. VCI film can protect metal from rust and corrosion in two ways. For example, it can act as a physical barrier against moisture, dust, or contaminants, or it can act as a rust removal corrosion inhibitor. VCI films can be manufactured in various forms, including rolls, sheets, bags, or tubes, and it is an easy-to-use, clean, and dry packaging option for metal and metal parts.

There is a Fierce Completion in VCI Film Market.

With major manufacturers and suppliers in the VCI film industry competing globally, the intensity of competition within the VCI film industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a VCI film business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established VCI film manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry.

VCI Film has a Wide Range of Applications and is Rising in Demand.

VCI film has broad application prospects in automobile, steel, and other industries. The use of VCI films is expected to increase, which can be attributed to the healthy expansion of the packaging industry and the growing demand for effective protection solutions against rust and corrosion during transportation and transportation. VCI films are used in a variety of other end-use industries, such as electrical and electronics, chemicals, agriculture, aerospace, etc., where corrosion is a major challenge. VCI films can be applied to ferrous and non-ferrous metals, including steel, iron, copper, etc. In addition, by using these films, it is possible to ensure protection from moisture during water-based transport. These characteristics make VCI films a preferred alternative for shipping applications, with rising global demand expected during the forecast period.

By Type	VCI Stretch Film
	VCI Shrink Film
	Others
	VCI stretch film segment contributes the largest market share.
By Application	Automotive
	Steel
	Machinery
	Electronic
	Others
	The automotive segment occupies the biggest share.