A recent market intelligence report that is published by Data Insights Partner on the global BOPET film market makes an offering of in-depth analysis of segments and sub-segments in the regional and international BOPET film market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global BOPET film market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global BOPET film market is offered. In accordance with the report, the global BOPET film market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
BOPET (Biaxially-Oriented Polyethylene Terephthalate) is polyester film produced using polyethylene terephthalate (PET) and being used by various applications such as packaging, electrical insulation, imaging and others. BOPET offers properties dimensional stability, reflectivity, high tensile strength, electrical insulation and others.
Growing industrialization is a major key factor propelling the demand for BOPET films across the globe as it offers safety, cosmetic qualities and other properties to the product
Surge in demand for flexible packaging across the industries is expected to boost the demand for BOPET
As per Flexible Packaging Association, global packaging industry is expected to grow at CAGR of about 13% over period of 2017-2022
Flexible packaging accounts for about 40% of the total packaging industry. Flexible packaging finds lucrative demand from food & beverages, beauty & personal care, home care and several other industries
The aforementioned factors are cumulatively expected to surge demand for BOPET during the forecast period
Rapidly growing demand from electrical and electronics sector is also expected to offer avenues for growth. BOPET is being used in production of photovoltaic (PV) cells and high-end display screens (OLED). Increasing global warming issue and greenhouse gases globally is leading to adoption of stringent rules and regulation over fossil fuels and promotes renewable energy sources for energy generation
According to International Energy Agency (IEA), renewable energy capacity is expected to grow by 50% during 2019 and 2024, led by solar PV. As per statistics, Solar PV alone accounts for about 60% of the forecasted growth
Recycling and sustainability issues is a major challenge faced by BOPET films market. Polyolefin films is a potential substitute of BOPET films and is expected to present furious competition in forecast years
Companies in BOPET films market are opting various strategies such as new product development, merger & acquisitions, etc to maintain and increase their market share in highly competitive market.
In 2020, Terphane announced new product line of matte and “velvety-touch” BOPET film for packaging industry. The product launch is expected to help the company to acquire new customers from food and beverages industry
In 2018, Flex Films, an arm of Uflex received United States (US) patent for their categories of Formable Films which includes BOPET layers used in Alu Alu blister packaging. The BOPET film allow the customer to use different inks for printing with ease
Segment Covered:
This market intelligence report on the global BOPET film market encompasses market segments based on function, thickness, industry and country.
By function the global BOPET film market has been divided into:
Barrier
Safety
Decorative
Microporous
Others
By Thickness the global BOPET film market has been divided into:
Thick
Thin
By Industry the global BOPET film market has been divided into:
Packaging
Industrial
Electrical and Electronics
Magnetic Media
Imaging
By country/region, the global BOPET film market has been divided into:
North America (the U.S., Canada),
Latin America (Brazil, Mexico, Argentina and other countries),
Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
Toray industries Ltd.
Mitsubishi Polyester Film, Inc.
Dupont-Teijin Films
SKC Films
Ester industries Ltd.
Jindal polyfilms Ltd
Uflex Ltd.
Polyplex Corporation Limited
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as BOPET film market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
