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Global APET Sheet Market Insight2022-02-14 Comments
The APET Sheet is forecast to crazy over the next few years. According to WK-chem Research, “Global APET Sheet Professional Survey Report 2022, Forecast to 2027”, The APET Sheet industry is growing rapidly with the increasing consumer demand. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.1% base on WK-chem Research regression analysis model.
“Increasing consumer purchasing power, evolving mass lifestyle, and awareness of various medical packaging technologies worldwide are driving the growth of the APET sheet market” said Eva Joy, Senior analyst, Chemical & Materia Market Research Center in WK-chem Research.
The use of APET sheet in the medical packaging and consumer goods industries is driving the growth of the global APET sheet market. APET sheet is easy to handle, has a long service life, is reliable and lightweight. This, in turn, has propelled its use in various industries. Pharmaceutical, FMCG and food packaging manufacturers prefer to use APET sheets as packaging materials over traditional packaging materials due to their high durability, low cost and ability to be molded into various forms.
Environmental standards and legislation vary from country to country, especially in the packaging industry, making it difficult for companies to integrate these changing laws. Manufacturing and commercial industries are affected by these environmental requirements. These differences in environmental legislation and regulations in different regions pose challenges to the environment. This, in turn, is likely to hinder the market growth over the forecast period. The raw materials used to manufacture APET sheets are derived from petroleum feedstocks and account for nearly 60.0% of the total cost of finished products. The fluctuation of crude oil price directly affects the retail price of APET sheet.
Key players in the market include NAN YA PLASTICS CORPORATION, PolyOne, Plastirol BV, epsotech Group, Retal
Wait. They are considered as the major manufacturers in the market based on different kinds of product availability, regional presence, better supply chain management system, and growing demand for products. Players are adopting key strategies, such as acquisitions and geographic expansion, to increase the potential opportunities for APET sheet extraction within the company’s capacity.
Segmentation of APET Sheet Market:
On the basis of type, the APET sheet market is segmented into <0.2 mm, 0.2-1 mm, 1-2 mm, and >2 mm. Thicknesses between 1-2 mm and less than 0.2 mm are mainly consumed and production is expected to increase due to rising demand over the forecast period. The thickness of APET sheets used for product packaging depends on the oxygen transmission rate, with the thinnest sheet having the largest oxygen transmission rate and the thickest sheet having the smallest oxygen transmission rate.
In terms of application, the APET sheet market has been segmented into food packaging, medical packaging, consumer packaging, and others. Medical packaging is expected to drive the growth of this market owing to the increase in blister tablet and capsule packaging using APET
APET Sheet Market: Regional Analysis:
By region, the global APET sheet market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The APET sheet market in Asia Pacific is expected to grow at a high CAGR during the forecast period. Improving economic conditions and population growth are expected to drive the growth of the medical packaging and consumer packaging industry, especially in China, India, South Korea, and Australia, which is expected to further drive the market growth in the region. The market in North America and Europe is expected to expand at a slow CAGR due to the implementation of environmental standards and legislation and the reduction in the consumption of APET sheets.
Largest share area： Asia Pacific
Largest share country：China
Product Type (by thickness): <0.2 mm, 0.2-1 mm, 1-2 mm and >2mm
Application:Food Packaging, Medical Packaging, Consumer Goods Packaging
Leading Company: NAN YA PLASTICS CORPORATION, PolyOne, Plastirol BV, epsotech Group, Retal