Automotive Wrap Film Industry ESG Thematic Report,

Automotive Wrap Film Industry ESG Thematic Report, 2023

Compliance, ESG Challenges & Framework, ESG Trends

  • Published Date: Nov, 2022
  • Report ID: Astra-100228
  • Format: Electronic (PDF)
  • Number of Pages: 66

Environmental, Social, and Governance (ESG) in the Automotive Wrap Film Industry

A vehicle wrap consists of a large vinyl graphic or decal. It is applied to a car, van, or other vehicles. A vehicle wrap can be printed on one to three pieces of vinyl depending on the size of the vehicle. The vinyl is cut into the shape of the graphics to be applied. The vinyl then is laminated for extra protection from the elements, and attached or "applied" to the vehicle with a special adhesive

Further to our research we will see a detailed analysis about the impact of the automotive film and the components which are included in the vehicle wrap that has a direct impact on health and environment.

Negative Environmental Impacts from PVC Automotive Film Wraps

PVC-vinyl is used for vehicle wrapping and is one of the most common methods used across the industry. These wraps are durable and stay for a longer period of time and protect against scratches caused to the vehicle when on the road. The wrap produces environmental and health problems due to the high chlorine concentration which produces toxic dioxins. Also, this type of plastic is non-recyclable in nature, leading to potential environmental risks such as accumulating in landfills or negatively impacting the ecological system when discarded.

Alternative And Benefits of PVC vinyl Wrap

PVC vinyl wraps can be replaced with non-PVC vinyl wraps that are easy to apply as well as free of the chlorine and halogens that are present in traditional films. Furthermore, it has multiple benefits too such as the high-quality nature of the film providing longevity plus the absence of toxic compounds making it environmentally friendly in nature. This minimizes health and environmental risks.

Companies Initiatives towards Sustainable Wrapping

During the manufacturing process, the vinyl is created using PVC which is considered to be the most toxic plastic for health and the environment. It has been observed that no other plastics possess such toxic ingredients. To tackle this problem, the company has come up with an option where it produces an environment-friendly and sustainable vinyl while maintaining flexibility and durability. This film is made from non-PVC material, is phthalate-free, and is made of bio-based materials that can easily be applied and removed.

In addition, eco-friendly vehicle wraps are beneficial to the automotive industry as they are made up of non-toxic materials that eliminate hazardous chemicals. Moreover, the vinyl itself is made from recycled materials and can be reused multiple times. The other sustainable innovation is that companies are using environmentally friendly inks while creating the wraps. These environment-friendly inks are free from heavy metals like lead, zinc, and cadmium which are harmful to the environment. The only drawback of sustainable wraps is the high cost.

Phthalates Risks areas and Its Alternatives

Phthalates are nothing but chemicals that are often used in the packaging of automotive parts. Approximately 11 billion pounds of phthalates are produced globally every year. Phthalates increase the flexibility and durability of PVC, a brittle plastic. In view of the concerns, this has adverse effects on the environment and health. For health effects, it causes reproductive abnormalities and developmental effects in animals given doses of phthalates similar to those to which humans are exposed. Furthermore, aquatic and terrestrial ecosystems may be affected by phthalate processing, especially in the area. Upon further research, it was found that bio-based plastics are an alternative to phthalates since they are plant-based and have a low environmental impact.

Growth of the Automotive Wrap Film Market

The global automotive wrap films market size was valued at USD 4.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 22.2% from 2022 to 2030. Over the forecast period, the growing global population and increasing disposable income should positively impact demand. Furthermore, the research also highlights key aspects of the automotive wrap films market.

Key Companies in this theme

    • Avery Dennison

    • Arlon Graphics, LLC

    • 3M

    • Kay Premium Marking Films (KPMF)

    • Ritrama S.p.A.

    • Vvivid Vinyl

    • Orafol Group

    • Hexis S.A.

Scope of the Automotive Wrap Film Industry ESG Thematic Report 

    • Macro-economic and ESG-variable analysis of the industry, including regulatory, policy, and innovation landscape

    • Key insights on infrastructure developments and ESG issues affecting the theme

    • Identify key initiatives and challenges within the industry

    • Identify ESG leaders within the industry

    • Understand key initiatives and the impact of companies within the sector to fuel an informed decision-making process.

    • Analysis of industry activities based on multi-media sources, including significant controversies and market sentiment

Key Benefits of the Automotive Wrap Film Industry ESG Thematic Report 

    • Developing a comprehensive understanding of macro-economic, Policies & Regulations and innovations affecting the Sector, globally

    • Key insights into Infrastructure developments and ESG issues affecting the theme

    • Identifying ESG risks and opportunities to business among leading players in the industry

    • Obtaining a clear and relevant understanding of company actions, progress, and impact and find opportunities for investment

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