The global BOPET packaging films market is projected to increase from a valuation of US$ 6.8 Bn in 2022 to US$ 9.9 Bn by 2029.
Future Market Insights delivers vital insights on the BOPET packaging films market, in its published report titled, ‘BOPET Packaging Films Market: Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029’. In terms of revenue, the global BOPET packaging films market is projected to expand at a CAGR over 5.5% 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.
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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.
Which Region Holds High Revenue-Generating Opportunities for BOPET Packaging Film Suppliers?
“Rise in Demand for Flexible Food Packaging Films Driving Market Expansion in Europe”
Europe represents a significant incremental opportunity for BOPET packaging film suppliers. This can be attributed to growing demand for packaged & processed food in the region. Excellent sealing properties and heat resistance make flexible food packaging films a preferred choice for manufacturing labels & tapes.
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Competitive Landscape
The global BOPET packaging films market is considered a fragmented space due to the presence of several regional players. Leading manufacturers of BOPET packaging films are enhancing their production capacities and investing in their existing production facilities to strengthen their foothold in the global market.For instance,
- In February 2020, Jindal Poly Films sanctioned US$ 99.4 Mn investment for the development of its company’s activities in India, including the addition of a BOPET film line and BOPP film line.
Key Segments of BOPET Packaging Films Industry Survey
BOPET Packaging Films Market by Thickness:
- Below 15 Micron BOPET Packaging Films
- 15-30 Micron BOPET Packaging Films
- 30-50 Micron BOPET Packaging Films
- Above 50 Micron BOPET Packaging Films
BOPET Packaging Films Market by Application:
- Labels
- Tapes
- Wraps
- Bags & Pouches
- Laminates
BOPET Packaging Films Market by End-use Industry:
- Food
- Meat
- Fresh Produce
- Confectionery
- Dairy
- Others
- Beverages
- Cosmetics & Personal Care
- Electrical & Electronics
- Pharmaceuticals
- Other Industrial
BOPET Packaging Films Market by Region:
- North America BOPET Packaging Films Market
- Latin America BOPET Packaging Films Market
- Europe BOPET Packaging Films Market
- East Asia BOPET Packaging Films Market
- South Asia & Pacific BOPET Packaging Films Market
- Middle East & Africa (MEA) BOPET Packaging Films Market
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Key Questions Answered in the Report:
(1) What are the growth opportunities for the new entrants in the Global BOPET Packaging Films industry?
(2) Who are the leading players functioning in the Global BOPET Packaging Films marketplace?
(3) What are the key strategies participants are likely to adopt to increase their share in the Global BOPET Packaging Films industry?
(4) What is the competitive situation in the Global BOPET Packaging Films market?
(5) What are the emerging trends that may influence the Global BOPET Packaging Films market growth?
(6) Which product type segment will exhibit high CAGR in future?
(7) Which application segment will grab a handsome share in the Global BOPET Packaging Films industry?
(8) Which region is lucrative for the manufacturers?