The report published by Value Market Research demonstrates that the Global BOPET Film Market will reach USD 10.8 BN by 2025 with a sustainable CAGR of 6.5% for the period of 2019 to 2025. This market was valued for USD 6.9 BN (by revenue) in 2018. The report covers detailed overview of the market, changing market dynamics in the industry along with the competitive landscape. The report also delivers important information on potential and niche segments along with the regional analysis which reveals promising growth.
BOPET film is basically a biaxially oriented polyester film and has superior properties such as high strength, rigidity, transparency, gloss. It is odorless, colorless, tasteless, and non-toxic. Because of its excellent heat resistance, good retort resistance, low-temperature resistance, chemical resistance, and good oil resistance BOPET film is considered as an ideal packaging material for food. It is also used as lidding for dairy goods such as yogurt and it also has application across electrically insulating material. This film is often used as the diaphragm material in electrostatic loudspeakers, headphones, and microphones. In addition to this, it is also used to laminate the metal sheet which is further used in the manufacture of cans.
The report "Global BOPET Film Market Report By Application (Packaging, Industrial & Specialties, Electrical, And Imaging) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” reveals all the recent industry trend and developments along with the elaborate market figures.
The growth of BOPET film is mainly growing on the account of growing demand from the packaging industry owing to its excellent thermal and mechanical properties. Also, they have good oxygen barrier property which enables their application across cosmetic and food industry for lidding frozen and fresh meal. Therefore, the growing demand for packaging cosmetic and food products is again fueling their demand. Growing food safety awareness along with the rising per capita income among middle-class people is likely to open new avenues for the market over the forecast period.
BOPET film market has been segmented on the basis of application and region. Application area covers packaging, industrial & specialties, electrical, and imaging. Owing to its excellent heat resistance, abrasion resistant and chemical resistance it is gaining high demand across the packaging sector. Also, rising awareness regarding food safety and high-performance packaging solution is further fueling product demand. Geographical analysis has been done over North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is dominating the global BOPET film market owing to the growing population base, rising per capita income of the people coupled with the rising concern over safety and hygiene of food.
The Report Segments Global BOPET Film Market -
Key Players Profiled
DuPont Teijin Films, JBF, Jindal, Kolon, Mitsubishi, Polyplex, SKC Films, SRF, Terphane, Toray, and others.
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