BOPET Packaging Films Market Size by Product Type, Coating Type, End-Use Industry, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2029
Overview
BOPET Packaging Films Market is expected to grow at a CAGR of 5.2% during the forecast period and is expected to reach US$ 11 Bn by 2029.
The global BOPET Packaging Films market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global BOPET Packaging Films report also provides trends by market segments, technology, and investment with a competitive landscape.
BOPET Packaging Films Market Overview:
Rising demand for clean and quality food coupled with a growing population and changing lifestyle is driving the global BOPET packaging films market size. The global BOPET packaging films market is expected to grow at a CAGR of 5.2% forecast period thanks to the rising consumption of BOPET solutions.
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BOPET Packaging Films Market Dynamics:
Growing demand for packaging is driving the BOPET packaging films market growth. BOPET packaging films can improve the shelf life of the product and the growing consumer base for high barrier packaging solutions are contributing to the market growth. Rising concern regarding food safety is expected to boost the market growth during the forecast period. Growth in cosmetics demand coupled with a growing population and changing lifestyle as well as rising per capita disposable income is the key factor drive the global BOPET packaging films market demand. Cosmetics have limited shelf life thereby stored properly. Several substitutes like aluminum foil have a high cost as compared to BOPET packaging films is further propels the market growth. Favorable properties of a product like good stiffness, smooth surface, excellent clarity, good chemical, and abrasion resistance.
Rising product demand from the pharmaceutical industry for product safety is expected to create lucrative opportunities for market growth during the forecast period.
BOPET Packaging Films Market Segment Analysis:
By Product Type, the BOPET packaging films market is segmented into pouches, sachets, bags, shrink films, stretch wraps, and others. The BOPET packaging films are used to manufacture bags & pouches, which represent around 30% of the market, and are also used in wraps, laminates, tapes, and labels. Pouches like stand-up and retort pouches, lidding films, and metalized film are used for food packaging. Growing concerns about increased shelf life to reduce food waste throughout the supply chain are expected to boost the demand for BOPET packaging films during the forecast period.
By Coating Type, the market is segmented into UV treated, corona treated, chemical coated, acrylic coated, and copolymer treated.
By End-Use Industry, the market is segmented into food & beverage, cosmetics, personal care, homecare, automobile industry, semiconductors & electronics industries, pharmaceutical industry, and others. The food & beverage segment held the largest market share of 7.33% in 2021 and is expected to grow during the forecast period. High product use, mainly fresh produce, meat, dairy product, and confectionery.
BOPET Packaging Films Market Regional Insights:
Asia Pacific dominating the BOPET Packaging Films Market
The Asia Pacific led the market and is expected to grow at a CAGR of xx% during the forecast period. China is a major market in terms of production and consumption of BOPET packaging films and accounted for more than 20% market share in 2021. India is witnessing strong market growth. Also, the vast network of fast food chains thanks to the growing population, changing lifestyle, rising per capita disposable income is contributing to the market growth in the Asia Pacific.
North America is expected to register significant growth during the forecast period. Rising demand for fast food, growing awareness about food safety, and strict regulations these factors drive the market demand in the region. U.S. is held of around 90% of BOPET packaging films market share in 2021. However, Canada is expected to grow at a rapid pace during the forecast period 2022-2029. All types of biaxial-oriented films offer beneficial properties at low thickness along with good heat resistance, high stiffness, and a reasonable balance of oxygen and moisture barrier.
Europe represents the largest market size and is expected to create opportunities for the market during the forecast period. Several packaging converters containing features like metallization, coatings, and improve the barrier properties of BOPET packaging films. Spain is expected to witness significant growth in terms of market demand.
The objective of the report is to present a comprehensive analysis of the Global BOPET Packaging Films market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global BOPET Packaging Films market dynamics, structure by analyzing the market segments and project the Global BOPET Packaging Films market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global BOPET Packaging Films market make the report investor’s guide.
BOPET Packaging Films Market Scope: Inquire before buying
| Global BOPET Packaging Films Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2021 | Forecast Period: | 2022-2029 |
| Historical Data: | 2017 to 2021 | Market Size in 2021: | US $ 7.33 Bn. |
| Forecast Period 2022 to 2029 CAGR: | 5.2% | Market Size in 2029: | US $ 11 Bn. |
| Segments Covered: | by Product Type | • Pouches • Sachets • Bags • Shrink Films • Stretch Wraps • Others |
|
| by Coating Type | • UV Treated • Corona Treated • Chemical Coated • Acrylic Coated • Copolymer Treated |
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| by End-Use Industry | • Food & Beverage • Cosmetics • Personal Care • Homecare • Automobile Industry • Semiconductors & Electronics Industries • Pharmaceutical Industry • Others |
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BOPET Packaging Films Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
BOPET Packaging Films Market Key Players are:
• Uflex Limited.
• Mitsubishi Polyester Film, Inc.
• Jindal Poly Films Ltd.
• SRF Limited
• Retal Industries LTD
• Polyplex
• Terphane
• Esterindustries.com
• Garware Polyester Ltd.,
• CHIRIPAL POLY FILM
• Fuwei Films (Holdings) Co., Ltd.
• Jiangsu Xingye Polytech Co., Ltd.
• Filmtech Company
• Sumilon Industries Ltd.
• POLİNAS
• Flex Films
• Others
Frequently Asked Questions:
1. Which region has the largest share in Global BOPET Packaging Films Market?
Ans: Asia Pacific region held the highest share in 2021.
2. What is the growth rate of Global BOPET Packaging Films Market?
Ans: The Global BOPET Packaging Films Market is growing at a CAGR of 5.2% during forecasting period 2022-2029.
3. What is scope of the Global BOPET Packaging Films market report?
Ans: Global BOPET Packaging Films Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global BOPET Packaging Films market?
Ans: The important key players in the Global BOPET Packaging Films Market are – Uflex Limited., Mitsubishi Polyester Film, Inc., Jindal Poly Films Ltd., SRF Limited, Retal Industries LTD, Polyplex, Terphane, Esterindustries.com, Garware Polyester Ltd.,, CHIRIPAL POLY FILM, Fuwei Films (Holdings) Co., Ltd., Jiangsu Xingye Polytech Co., Ltd., Filmtech Company, Sumilon Industries Ltd., POLİNAS, Flex Films, and Others
5. What is the study period of this market?
Ans: The Global BOPET Packaging Films Market is studied from 2021 to 2029.