As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Bio-Polyethylene Terephthalate for Packaging market is expected to grow at a healthy CAGR during the forecast period (2017-2027). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Bio-Polyethylene Terephthalate for Packaging in the coming 10-years.
Certainly, barrier films, particularly bio-polyethylene terephthalate films, have emerged as essential components in extending the shelf life of various products, with a notable impact on the food packaging industry. Bio-polyethylene terephthalate films, derived from renewable sources such as sugarcane plants and food waste, offer several advantages that make them increasingly popular among manufacturers.
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One of the primary advantages is their compatibility with consumable items over time. These films are designed to have no adverse effects when in contact with food or other products, making them a safe and sustainable choice for packaging applications. Moreover, the utilization of bio-based materials reduces manufacturing costs, making bio-polyethylene terephthalate films economically attractive to a wide range of industries.
In the food packaging sector, these films find significant utilization in various formats, including lids, pouches, and flexible packaging. Their high printability allows manufacturers to effectively communicate branding and product information to end-users. Technologies like digital and flexographic printing enable vibrant and informative packaging designs.
One of the standout features of bio-polyethylene terephthalate films is their ability to extend the shelf life of packaged products. This characteristic has garnered attention from manufacturers across different domains, further driving the adoption of these films in various packaging applications. As sustainability and product preservation continue to be paramount concerns, the demand for bio-based barrier films like bio-polyethylene terephthalate is expected to grow steadily in the coming years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Bio-Polyethylene Terephthalate for Packaging
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Bio-Polyethylene Terephthalate for Packaging market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Takeaways and Projections:
- The U.S. is expected to lead the North America Bio-Polyethylene Terephthalate for Packaging market, projecting the fastest growth in the region between 2017 and 2027
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2027.
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Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Bio-Polyethylene Terephthalate for Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Bio-Polyethylene Terephthalate for Packaging market for the forecast period 2017-2027.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Bio-Polyethylene Terephthalate for Packaging for the assessment period. As per the study, the demand for Bio-Polyethylene Terephthalate for Packaging will grow at a robust CAGR between 2017 and 2027.
- Market Trend Analysis: The latest study by FMI on the Bio-Polyethylene Terephthalate for Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Bio-Polyethylene Terephthalate for Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Bio-Polyethylene Terephthalate for Packaging Market
Based on the packaging format type:
- Laminations
- Lids
- Pouches
- Bags
- Others
Based on the end use industry:
- Food
- Chemical
- Pharmaceuticals
- Others
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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