New FMI Report Explores Impact of COVID-19 Outbreak on BOPET Packaging Films Market
Future Market Insights delivers vital insights on the BOPET
packaging films market, in its published report titled, 'BOPET
Packaging Films Market: Global Industry Analysis 2014-2018 and Opportunity
Assessment 2019-2029'. In terms of revenue, the global BOPET packaging
films market is projected to expand at a CAGR over 5% during
the forecast period, owing to numerous factors, regarding which, FMI offers
thorough insights and forecasts in this report.
The global BOPET packaging films
market has been segmented on the basis of thickness,
applications, and end-use industries. The global BOPET packaging films market
is expected to expand 1.8x in terms of market volume by the
end of 2029.
BOPET Films Gaining Ground in High-quality Graphic Packaging
Applications
BOPET packaging films are oriented films, predominantly used in
the packaging of products in various end-use industries such as food &
beverages, electrical & electronics, pharmaceuticals, and cosmetic &
personal care products, among others. BOPET packaging films cater to a wide
range of applications. These films can be used for manufacturing bags &
pouches, wraps, laminates, labels & tapes. Food remains the most prominent
end-use industry for BOPET packaging films. Packaging of fresh produce, meat,
confectionery, and dairy products all use BOPET packaging films. BOPET
packaging films remain stable through printing and laminating processes. This
makes them desirable for high-quality graphic packaging applications.
Competition in Asia's BOPET
Films Market Pacing
Geographically, East
Asia holds more than one-fourth of the global BOPET packaging
films market and is expected to maintain its prominence in the global
market. China is
one of the leading producers & consumers of BOPET packaging films and
accounts for more than one fifth of the global market. Among the South Asian
countries, India has
emerged as one of the key markets for BOPET packaging films. Key players in the
Asian market such as Jindal Poly Films, Uflex Ltd., Polyplex Corporation Ltd.,
and others are expanding their production capacities to keep pace with the
global demand. Owing to the presence of several organized & unorganized
players, the Asian BOPET packaging films market has emerged as a highly
competitive market and is expected to expand at a substantial rate during the
forecast period.
Despite being a matured market, Europe represents a significant incremental opportunity for the
BOPET packaging films market. This can be attributed to the growing demand for
packaged & processed food in the region. Excellent sealing properties and
heat resistance, make BOPET packaging films a preferred choice for
manufacturing labels & tapes. Moreover, packaging converters are
incorporating features such as metallization, coatings, and more to enhance the
barrier properties of these films. Spain is
projected to witness relatively higher growth in the BOPET packaging films
market demand, while Germany is
expected to retain its lead, in terms of market share and incremental
opportunity both, in the European market. BOPET packaging films are expected to
benefit the most from the demand generated by food, tobacco, and labels
industry.
In 2019, the U.S. is anticipated to account for more than 90% of
the North America BOPET packaging films market. However, Canada is expected to expand 1.4 times its current value by the
end of 2023. The demand for BOPET packaging films has witnessed significant
growth across the globe, including the North
America region. Moreover, of all kinds of biaxially-oriented
films, BOPET packaging films promise to offer superior performance at low
thickness coupled with high stiffness, good heat-resistance, and a reasonable
balance of oxygen and moisture barrier. Aforementioned properties have aided
BOPET packaging films in gaining ground in the North America market.
Key market players that have been profiled in the report on the
BOPET packaging films market include Jindal Poly Films Limited, Uflex Ltd.,
Toray Plastics (America). Inc., SRF Limited, Mitsubishi Polyester Film, Inc.,
Futamura Chemical Co. Ltd., RETAL Industries Ltd., Fatra A.S, DuPont Teijin
Films U.S. Limited, Polyplex Corporation Ltd., Ester Industries Limited,
Garware Polyester Limited, Chiripal Poly Films Ltd., Oben Holding Group S.A.C.,
Polinas Plastik Sanayi ve Ticaret A.S., Terphane LLC, Sumilon Polyester Ltd.,
and JBF RAK LLC, FILMtech, Inc., Fuwei Films (shan dong) Co., Ltd., among
others. Several unorganized and regional market players are expected to
contribute to the global BOPET packaging films market during 2019-2029.
About Us
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Valley Cottage, NY 10989,
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T: +1-347-918-3531
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Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44(0)20-7692-8790
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