BOPET Films Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Sep 2021

[Online Quarterly Update]The BOPET Films Market witnessed significant demand of 4.21 million tonnes in 2020 and is anticipated to achieve a healthy CAGR of 4.8% in the forecast period until 2030. Biaxially Oriented Polyethylene Terephthalate (BOPET) is a versatile engineered film made from orientated Polyethylene Terephthalate (PET). These Polyester films are clear, flexible, and transparent in nature and possess excellent properties such as high tensile strength, chemical and dimensional stability, reflectivity, gas and aroma barrier properties, and electrical/thermal insulation.
 
The BOPET films are extensively used for numerous industrial applications including flexible packaging and food contact, covering over paper, insulating materials, consumer electronics, printing media, automotive parts, green energy, medical devices, and others. The biaxial orientation of the PET film makes it suitable for electrical/thermal insulation, food packaging, and printing sheets by enhancing the product's crystallinity. BOPET films are widely used in plastic bottles for soft drinks owing to their excellent water and moisture barrier properties. Due to its high mechanical strength, BOPET film is often used in tape applications, including the carrier for magnetic tape, or backing for pressure-sensitive adhesive tapes. However, the largest end-use of BOPET film is in flexible packaging structures where its unique properties have enabled it to become the backbone that high-performance multi-layer plastic structures are built around. Due to rapid urbanization and industrialization, the demand for plastic packaging, electronic products, and digital printing is continuously increasing along with retail sales of food and grocery, which is likely to boost the BOPET market in the upcoming years. 
 
Based on type, the BOPET films are divided into Thin polyester films and Thick polyester films. Thin polyester films (<50 micron) are widely used in cable overwrap, wires, transformers, membrane touch switches, metallic yarn, etc. Whereas Thick polyester films (50-350 micron) find their applications in quality lamination, electrical insulation, and other industrial applications. The thin films segment is expected to dominate the BOPET films market in the forecast period due to its growing demand in the food and beverage, and pharmaceuticals industry. 
 
On the basis of end-use industries, the BOPET market is segmented into packaging, pharmaceuticals, automotive, electrical and electronics, imaging, industrial, and others. Among these, the packaging industry dominates the BOPET films market and is expected to maintain its dominance until 2030 owing to the rising demand for flexible packaging especially from the food and beverages, personal care, and pharmaceutical sector around the globe. 
 
The unprecedented fall of COVID-19 in 2020 led to a major decline in the BOPET Films market across the globe. Leading authorities in emerging countries including China, Japan, India, and others imposed strict restrictions and nationwide lockdowns to curb the spread of coronavirus. Many industries including automotive, electrical and electronics, and others were severely affected due to the disruption in the global supply chain. However, the demand from the packaging industry remained significant during the covid times. 
 
Among different regions, the Asia Pacific region holds the largest market share by value and volume in the BOPET Films market globally and is expected to witness robust growth in the forecast period owing to the growing demand for flexible packaging, flat panel displays, printed circuit boards, etc. in emerging countries. Rapid urbanization and industrialization in China and India have led to continuous changes in people’s lifestyles which has further propelled the demand for BOPET in the Asia Pacific region. In North America, the increasing demand for BOPET films in the food and beverages, and construction industry is expected to boost the BOPET films market in the upcoming years. 
 
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. Uflex is the world’s biggest supplier of thin polyester (BOPET) films for flexible packaging applications in India and overseas. 
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
 
Objective of the Study: 
 
• To assess the demand-supply scenario of BOPET Films which covers production, demand, and supply of BOPET Films market globally.
• To analyse and forecast the market size of BOPET Films.
• To classify and forecast BOPET Films market based on End-Use, Type, Region and Distribution Channel. 
• To identify drivers and challenges for BOPET Films market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in BOPET Films market.
• To identify and analyse the profile of leading players involved in the manufacturing of BOPET Films.
 
To extract data for BOPET Films market, primary research surveys were conducted with BOPET Films manufacturers, suppliers, distributors, wholesalers and Typers. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various Typer segments and projected a positive outlook for Global BOPET Films market over the coming years. 
 
ChemAnalyst calculated BOPET Films demand globally by analyzing the historical data and demand forecast which was carried out considering imported BOPET Films, styrene prices, monomers used for production of BOPET Films. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• BOPET Films manufacturers and other stakeholders
• Organizations, forums, and alliances related to BOPET Films distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as BOPET Films manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, BOPET Films market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
4.21 million Tonnes
Growth Rate
CAGR of 4.8% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2021 – 2030
Quantitative units
Revenue in USD million/billion and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. End-use (Packaging, Automotive, Electrical and Electronics, Imaging, Pharmaceuticals, Industrial, and others)
2. Type (Thick and Thin)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
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.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Frequently Asked Questions (FAQ):

What is the major end-uses of BOPET Films? 

BOPET Films are widely used in flexible packaging, automotive parts, consumer electronics, imaging, medical devices, insulators, and others. 

Which region demands the maximum share in the BOPET Films market as of 2020?

 

The Asia Pacific region accounts for the maximum share in the BOPET Films market globally owing to its growing demand from major end-use industries.

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