Mylar Market was valued at USD 10.23 Billion in 2021, and it is expected to reach USD 17.88 Billion by 2029, exhibiting a CAGR of 7.23 % during the forecast period (2022-2029) Mylar is also known as BoPET (biaxially-oriented polyethylene terephthalate), which is a polyester film made from stretched polyethylene terephthalate (PET). It is used in electrical, electronic, food and beverage, cosmetics and personal care and pharmaceuticals applications for its high tensile strength, chemical and dimensional stability, and electrical insulation. The companies are manufacturing boPET and other polyester films under different brand names. Mylar is well known for being durable, versatile, and cost-effective solution for an array of applications. Precisely, polyester film has good tensile strength, adhesion, and moisture and chemical resistance. To know about the Research Methodology :- Request Free Sample Report Mylar is used to make flexible packaging and lids for the food industry like yogurt lids, roasting bags, and coffee foil pouches. It is used as an electrical and thermal insulator, reflective material, and decoration. It offers unique design capabilities to the electrical industry because of its excellent balance of its electrical properties with its chemical, thermal, and physical properties. Key players have minimal control over price determination in the film business, because of the industry facing intense competition. The industry also lacks customer stickiness, as customers have many options to choose from numerous industry players. These factors are expected to be a negative impact on the profit margins.
Mylar Market Dynamics:An increase in popularity of high barrier packaging solutions among consumers are driving the demand for mylar packaging material. High demand for fast-food chains and hot-served food with the effective packaging solutions that extend the shelf life of food products are expected to boost the consumption of the mylar. The growth in consumer consciousness towards environment, rapid urbanization across developing economies, improved lifestyle and high spending on food and beverages are some of the prominent factors behind the mylar market growth. An increase in Focus on High Margin Packaging Business to Improve Return Ratios Key players operating in the mylar market are focusing on the high margin and lower investment packaging business, which is expected to increase return ratios. The companies are continuously adopting an innovative approach, and are creating a niche product for revenue growth. The capacity utilization levels are expected to grow in BOPET film industry because of the lack of new capacities coming up and higher demand growth. In the mylar film industry, the equation between demand and supply is getting favourable. Currently the capacity utilization is ~70% in BOPET film industry, which has shown signs of revenue growth. High penetration of the mylar in the electronics sector The usage of mylar in the electronic industry is now widespread, which is contributed to the manufacture of electronics products to their long-term applications and longevity. The major usages of the mylar in the electronic industry include providing good insulation properties between the bonding layers. Environment protection, cost and speed of the production are some of the driving factors behind the ever-expanding usages of the mylar in the industry. The mylar business growth is expected to grow by customized solutions, which is based on the portfolio of products, application and services. Some of the prominent key players are focusing on the product innovation activities and resources on the technology development by expanding partnership with other key players. Technological innovations in the mylar Industry is expected to offer key opportunities Technology innovations in the mylar industry offers more options, which is creating new possibilities for the application areas like label, bags and pouches and lamination. High bond strength, durability temperatures have played an essential role in the design and manufacturing of the electronics products. Key players are using mylar materials to reduce their usage of the plastic in packaging and emphasis on positive environment impacts. With advancement in the material composition, key players are finding innovative solution, which are able to meet the combination of requirements for thermal, environmental, and structural stability. The technology development in semiconductor process technologies are expected to offer key opportunities for key players operating in the mylar market. .
Mylar Market Segment AnalysisAdoption of Mylar Bags and Pouches: A Fabulous Strategy for Boosting Profitability Mylar offers strong material characteristics to give outstanding insulation with the high tensile strength. Mylar bags are gaining popularity in the end-use industries for the packaging od different products. Mylar bag packaging is a cost-effective approach. Modern society is trendy, and consumers are focusing on design in an attempt to keep up with the latest ideas. The explosive growth of innovative food, nutritional supplements, herbal and medicinal products, has driven a surge in demand for mylar packaging. Many products in the herbal supplements, medicinal, foodstuffs and nutritional products require special protection to keep the products fresh. Mylar packaging is used to prevent odors from leaking. Mylar bags act as oxygen barriers and defend against light and insects, which helps to increase the shelf life of food items much longer. Mylar is commonly used to make packaging bags like roasting bags, coffee foil pouches. It offers unmatched barrier properties, a flexible surface, and high resistance to punctures. It is ideal packaging solution for pharmaceutical products, tissue samples, and seeds, mainly because they are all sensitive to changes in oxygen and moisture in the environment. Mylar material is flexible, durable, thin, and resistant to tear, perfect for long-term use and reuse. Key players are focusing to introduce innovative bag products with moisture barrier. For instance, IMPAK corporation offers heavy-duty mylar bags, which gives superior barrier against moisture and oxygen infiltration. Mylar bags are securely sealed, and their contents are highly protected, which makes them perfect for shipping food items or beauty products Mylar Applications scenario: Mylar is used in a variety of applications including window films, high atmospheric helium balloons, solar filters, medical devices, LCD/Plasma/Computer displays, photographic printing, emergency space blankets, insulators. Mylar is a clear, strong and lightweight plastic that is widely used to produce a wide variety of packaging materials for beverages, foods, personal care, home care, pharmaceuticals and other consumer and industrial products. Mylar is a heat-resistant polyester film, which combines dielectric strength with moisture resistance. Mylar insulation is also flexible over a wide range of temperatures, and resists many chemicals. It is a useful electrical insulator over a relative temperature range, polyethylene naphthalate (PEN) films. It remains one of the world’s most recognized and widely used polyester films in a variety of applications like electronics, food packaging, industrial specialty, cast & release, and graphics markets because of its balanced tensile properties, good adhesion, excellent moisture and chemical resistance, and capability to withstand temperatures from -100°F to 300ºF. Mylar tags, stickers, and labels are expected to become popular during the forecast period because of their features like durability, flexibility, stable, resistant to solvents and abrasion, and transparent. Additionally, mylar products are expected to thrive well in harsh conditions. Mylar tags and labels are primarily used for outdoor purposes. Screen printing, doming, and digital printing are some of the processes, which are used to create Mylar labels and tags. They can be customised by colour and thickness with 3D formats. Food packaging is one of the most common end-use industries for Mylar film. The solid adhesion capability and strength of the material aids to defend packaged items from contaminants, moisture, and chemicals. It is also particularly popular in frozen foods, which is able to withstand in extreme temperatures without losing any of its original form or properties. Mylar material is very durable yet flexible, which is making it perfect for packing materials, electrical insulation, and solar technology. Many consumers are concerning about food security, which are looking for effective methods for storing foods for long periods. Mylar bags are used by the storage food industry they are generally for products sealed in plastic buckets. Mylar bags are an exceptional method for long-term food storage. Bags with a thickness greater than 5mil are expected to protect the food from light, moisture, and oxygen. The mylar material offer benefits like protects against light exposure, protects against moisture, excludes oxygen and puncture resistant. The foil layers of mylar bags effectively eliminate light from the packaging, protecting the contents from light exposure. Mylar is a tough, strong material, which has greater puncture resistance over plastic or foil. The superior puncture resistance is expected to protect the food for longer by minimizing the risk of compromised packaging. The mylar bags, which are manufactured between the range 5mil and 7mil thick are widely used for long term storage.
Mylar Market Regional InsightsAsia Pacific is the largest market for Mylar Long-term prospects for mylar films are strong because of flexible packaging segment and superior technical properties of mylar. The Asia Pacific mylar market growth is driven by the factors like high product-to-package ratio, favourable economics and sustainability benefits of mylar materials. The shift towards mylar packaging in the Asia Pacific region is attributed to benefit for the entire packaging value chain including brand owners, retailers and consumers. Changing lifestyles are pushing consumers towards processed foods, that expected to increase the production for mylar bags across developing economies like China, India. The key growth drivers for the mylar industry are underlying growth in F&B, pharmaceuticals and organised retail in the developing economies. The Indian F&B industry is expected to grow at a more than 18% CAGR during the forecast period. The packaged foods is the fastest growing segment, which is expected to boost the demand for mylar. Pharmaceutical packaging is emerging as a major part of the drug delivery system. Many companies are relying on packaging and labelling as media to protect and promote their products, increase patient compliance, and meet new regulations. Asia Pacific region is projected to be leading region in the global mylar market. It is used as thin polymer in recorded tapes, photography and electric insulation and also commonly utilised in the motor phase and n transformer coil inserting machine. An increase in preference for food items like fish, meat among young population in China and India are expected t increase the consumption of the mylar bags. The modern electronics packaging techniques will increase the demand for mylar packaging material.
Mylar Market: Competitive LandscapeThe demographic conditions, customer demands, growing purchasing power of the consumers across developed and emerging markets, and use of technical facilities are some of the driving factors that encouraging to key players operating in the market to increase the production of the mylar. Manufacturers are offering a wide range of packaging solutions with mylar bags like mini pouches, zipper pouches, spout, standup pouches. The established players in the mylar market are expected to put pressure on the new entrance companies through lower pricing strategy, reducing costs, and providing new value propositions to the customers. High penetration of organised retail, growth in FMCG, pharmaceutical and processed food industries are increasing the demand for the mylar. Many Companies are involving in capacity expansion to strategically increase their business opportunity. A new capacity of mylar have added to the market to address the supply-demand gap that is majorly contributed by increased/restarting production, investment in new machinery and acquisitions. The rapid changes in market conditions can create new challenges for all market participants.
Scope of the Report: Inquiry Before BuyingThe objective of the report is to present a comprehensive analysis of the global Mylar 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. The reports also help in understanding the Mylar Market dynamic, structure by analyzing the market segments and projecting the Mylar Market size. Clear representation of competitive analysis of key players by segment type and regional presence in the Mylar Market make the report investor’s guide.
Mylar Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 10.23 Bn. Forecast Period 2022 to 2029 CAGR: 7.23 % Market Size in 2029: US $ 17.88 Bn. Segments Covered: by Application • Label • Bags and Pouches • Laminates • Others by End-use Industry • Electrical and Electronics • Food and Beverage • Cosmetics and Personal Care • Pharmaceuticals • Others
Mylar Market Key Players• New Process Fibre Company, Inc.(US) • Classic Acrylics (US) • MCM Composites, LLC (US) • CS Hyde Company (US) • DuPont Teijin Films (US) • Elmgrove Technologies (US) • Flower Power Packages (US) • Autronic Plastics, Inc. (US) • Thermal Plastic Design, Inc. (US) • Uline Company (US) • Interstate Specialty Products (US) • Grafix Plastics (US) • IMPAK CORPORATION (US) • Jarrett Industries (US) • BCW Diversified, Inc.(US) • Protective Packaging Corporation (US) • Prairie State Group (US) • Tekra Corporation (US) • RH Nuttall (UK) • Dsmart GmbH (Germany) • J. SCHWARZ GMBH (Germany) • Ganapathy Industries (India) Frequently Asked Questions: 1] What segments are covered in the Global Mylar Market report? Ans. The segments covered in the Mylar Market report are based on Application, End-use Industry. 2] Which region is expected to hold the highest share in the Global Mylar Market? Ans. The North America region is expected to hold the highest share in the Mylar Market. 3] What is the market size of the Global Mylar Market by 2029? Ans. The market size of the Mylar Market by 2029 is expected to reach USD 17.88 Bn. 4] What is the forecast period for the Global Mylar Market? Ans. The forecast period for the Mylar Market is 2021-2029. 5] What was the market size of the Global Mylar Market in 2021? Ans. The market size of the Mylar Market in 2021 was valued at USD 10.23 Bn.
1. Global Mylar Market Size: Research Methodology 2. Global Mylar Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Mylar Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Mylar Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Mylar Market Size Segmentation 4.1. Global Mylar Market Size, by Application (2021-2029) • Label • Bags and Pouches • Laminates • Others 4.2. Global Mylar Market Size, by End-use Industry (2021-2029) • Electrical and Electronics • Food and Beverage • Cosmetics and Personal Care • Pharmaceuticals • Others 5. North America Mylar Market (2021-2029) 5.1. North America Mylar Market Size, by Application (2021-2029) • Label • Bags and Pouches • Laminates • Others 5.2. North America Mylar Market Size, by End-use Industry (2021-2029) • Electrical and Electronics • Food and Beverage • Cosmetics and Personal Care • Pharmaceuticals • Others 5.3. North America Mylar Market, by Country (2021-2029) • United States • Canada 6. European Mylar Market (2021-2029) 6.1. European Mylar Market, by Application (2021-2029) 6.2. European Mylar Market, by End-use Industry (2021-2029) 6.3. European Mylar Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Mylar Market (2021-2029) 7.1. Asia Pacific Mylar Market, by Application (2021-2029) 7.2. Asia Pacific Mylar Market, by End-use Industry (2021-2029) 7.3. Asia Pacific Mylar Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Mylar Market (2020-2029) 8.1. Middle East and Africa Mylar Market, by Application (2021-2029) 8.2. Middle East and Africa Mylar Market, by End-use Industry (2021-2029) 8.3. Middle East and Africa Mylar Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Mylar Market (2020-2029) 9.1. South America Mylar Market, by Application (2021-2029) 9.2. South America Mylar Market, by End-use Industry (2021-2029) 9.3. South America Mylar Market, by Country (2021-2029) • Brazil • Mexico • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. New Process Fibre Company, Inc (The U.S.) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Classic Acrylics (US) 10.3. MCM Composites, LLC (US) 10.4. CS Hyde Company (US) 10.5. DuPont Teijin Films (US) 10.6. Elmgrove Technologies (US) 10.7. Flower Power Packages (US) 10.8. Autronic Plastics, Inc. (US) 10.9. Thermal Plastic Design, Inc. (US) 10.10. Uline Company (US) 10.11. Interstate Specialty Products (US) 10.12. Grafix Plastics (US) 10.13. IMPAK CORPORATION (US) 10.14. Jarrett Industries (US) 10.15. BCW Diversified, Inc.(US) 10.16. Protective Packaging Corporation (US) 10.17. Prairie State Group (US) 10.18. Tekra Corporation (US) 10.19. RH Nuttall (UK) 10.20. Dsmart GmbH (Germany) 10.21. J. SCHWARZ GMBH (Germany) 10.22. Ganapathy Industries (India)