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Global BOPET Films Market Insight2021-12-30 Comments
The bopet filmI is forecast to keep rising quickly over the next four years. According to the World Knowledge Information (WKI) “Global BOPET Films Professional Survey Report 2020, Forecast to 2025”, The increasing demand for convenient packaging in food and beverage industry is the main factor to promote the development of BOPET films.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.26% base on WKI regression analysis model.
“From the current industry situation, the BOPET film market is scattered, the industry concentration is low, and the industry access threshold is low. Enterprises in the investment wait-and-see period can seize the opportunity.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI.
Due to the fitness trend, healthy food and natural ingredients, as the food and beverage industry promotes new growth, the BOPET films market is expected to have significant growth in the near future.The increasing convenience of e-commerce and delivery options also brings new opportunities. In the near future, promising technological advances such as UAV technology will bring new growth opportunities to the participants in the BOPET films market. The technology is expected to provide fresh, hot, cost-effective and fast delivery. In addition, with the United States, China and India providing various regulatory approvals for the influx of new technologies, a large number of new manufacturers are encouraged to enter the market, thus promoting the development of the market scale of BOPET films.
However, there are still some problems that need to be paid attention to by the industry participants of BOPET film. For example, high production costs will hinder future market growth to some extent.
Major players for BOPET Films include Toray, SKC Films, DuPont, Mitsubishi, Jiangsu Shuangxing, Polyplex, Kolon, Jindal, JBF, SRF, Terphane, Uflex, PT Trias Sentosa, Polinas, Coveme, Jiangsu Xingye, Kanghui Petrochemical, Billion Indusrial Hildings, DDN, Fuweifilm, Qiangmeng Industry, Ningbo Jinyuan, Shaoxing Weiming and others.
Segmentation of BOPET Films Market:
According to the type, BOPET films market can be divided into thin polyester film and thick polyester film. Polyester film (< 50 μ m) is widely used in cable packaging, wire, transformer, film touch switch, metal yarn, etc (50-350 microns) in quality lamination, electrical insulation and other industrial applications. Due to the growing demand of food, beverage and pharmaceutical industries, the film part is expected to dominate the BOPET film market in the forecast period. According to the application, the BOPET films market can be divided into packaging, pharmaceutical, automotive, electrical and electronics, imaging, industry and others. Among them, the packaging industry is in BOPET films market occupies a dominant position. Due to the growing global demand for flexible packaging, especially from the food and beverage, personal care and pharmaceutical industries, it will stimulate the demand for BOPET films and promote the expansion of BOPET films market scale.
BOPET Films Market: Regional Analysis
In terms of geography, the global BOPET films market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.At present, the Asia Pacific region occupies the largest market share in the value and quantity of the global BOPET film market. Due to the growing demand for flexible packaging, flat panel display and printed circuit board, it is expected to continue to be in a leading position in the forecast period. The rapid urbanization and industrialization in emerging economies such as China and India have led to the continuous change of people’s lifestyle, which has further promoted the demand for BOPET film in the Asia Pacific region. In addition, in North America, the demand for BOPET film in food, beverage and construction industries is growing, which is expected to promote the continuous expansion of BOPET film market in the next few years.
Largest share area：Asia Pacific
Largest share country：China