| Product Code: ETC8854444 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines saw a significant increase in import shipments of volatile corrosion inhibitor (VCI) film in 2024, with top exporters being Thailand, Indonesia, China, Malaysia, and Vietnam. The market concentration, as measured by the HHI, shifted from high in 2023 to moderate in 2024, indicating a more diversified import market. The compound annual growth rate (CAGR) from 2020 to 2024 was steady at 1.99%, while the growth rate from 2023 to 2024 surged impressively by 27.17%, highlighting a strong upward trend in demand for VCI film in the Philippines.

The VCI film market in the Philippines is expanding in line with the need for protective packaging solutions in industrial logistics. Export-oriented sectors such as automotive and electronics are driving demand for corrosion-inhibiting packaging during storage and transport.
In the Philippines, the VCI film market is gaining traction due to the growing need for corrosion protection in industrial packaging. This is particularly relevant in the automotive, electronics, and machinery sectors, where parts are frequently stored or shipped over long distances. The demand is also bolstered by an expanding export market and increased awareness of long-term product integrity.
VCI films face limited adoption due to a lack of awareness about their long-term protective benefits, especially among small manufacturers. Additionally, price sensitivity among customers often leads to preference for cheaper, non-VCI packaging options. There are also technical challenges in ensuring consistent performance across varying environmental conditions.
VCI films are essential in the export-heavy automotive, electronics, and metal parts sectors. As the Philippines expands its role in global manufacturing chains, there`s room for investment in VCI film production or advanced importation and distribution. Offering custom VCI packaging solutions to exporters could secure long-term B2B contracts.
This market is regulated by DENR due to the chemicals involved, with environmental safety and waste disposal compliance as key concerns. The DTI supports corrosion prevention technologies as part of industrial competitiveness programs, particularly in transport and construction sectors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Volatile Corrosion Inhibitor VCI Film Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Volatile Corrosion Inhibitor VCI Film Market - Industry Life Cycle |
3.4 Philippines Volatile Corrosion Inhibitor VCI Film Market - Porter's Five Forces |
3.5 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Volatile Corrosion Inhibitor VCI Film Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for corrosion protection solutions in industries such as automotive, electronics, and manufacturing |
4.2.2 Increasing awareness about the benefits of VCI films in preventing corrosion and extending the lifespan of metal products |
4.2.3 Implementation of stringent regulations and standards for corrosion prevention and environmental protection |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs of VCI films |
4.3.2 Limited availability of skilled workforce for the production and application of VCI films |
4.3.3 Competition from alternative corrosion protection methods and products |
5 Philippines Volatile Corrosion Inhibitor VCI Film Market Trends |
6 Philippines Volatile Corrosion Inhibitor VCI Film Market, By Types |
6.1 Philippines Volatile Corrosion Inhibitor VCI Film Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Bubble Film, 2021- 2031F |
6.1.4 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Elasticated Film, 2021- 2031F |
6.1.5 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Shrink Film, 2021- 2031F |
6.1.6 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Volatile Corrosion Inhibitor VCI Film Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Laminates, 2021- 2031F |
6.2.3 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Covers, 2021- 2031F |
6.2.4 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Liners, 2021- 2031F |
6.2.5 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Bags & Pouches, 2021- 2031F |
6.2.6 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Flat Bags, 2021- 2031F |
6.2.7 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenues & Volume, By Gusted Bags, 2021- 2031F |
7 Philippines Volatile Corrosion Inhibitor VCI Film Market Import-Export Trade Statistics |
7.1 Philippines Volatile Corrosion Inhibitor VCI Film Market Export to Major Countries |
7.2 Philippines Volatile Corrosion Inhibitor VCI Film Market Imports from Major Countries |
8 Philippines Volatile Corrosion Inhibitor VCI Film Market Key Performance Indicators |
8.1 Number of new product innovations and technological advancements in VCI film formulations |
8.2 Adoption rate of VCI films in key industries such as automotive, electronics, and manufacturing |
8.3 Growth in the number of partnerships and collaborations between VCI film manufacturers and end-users for tailored corrosion protection solutions. |
9 Philippines Volatile Corrosion Inhibitor VCI Film Market - Opportunity Assessment |
9.1 Philippines Volatile Corrosion Inhibitor VCI Film Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Volatile Corrosion Inhibitor VCI Film Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Volatile Corrosion Inhibitor VCI Film Market - Competitive Landscape |
10.1 Philippines Volatile Corrosion Inhibitor VCI Film Market Revenue Share, By Companies, 2024 |
10.2 Philippines Volatile Corrosion Inhibitor VCI Film Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |