According to MRFR analysis, the global biaxially oriented polyethylene terephthalate (BOPET) films market is estimated to reach a value of over USD 24.8 billion by 2028, registering a CAGR of around 6.8%.
The rise in the popularity of high barrier packaging solutions across the globe acts as one of the major factors driving the growth of biaxially-acquired polyethylene terephthalate( BOPET) packaging films. The increase in demand for fast- food chains and hot- served food and use of the packaging results to extend the shelf life of products accelerate the market growth. The rise in use of the product as they’re able to withstand high temperatures, essential for packaging conditions, and surge in concerns about the safety of cosmetics products further impact the request. Additionally, rise in consciousness towards environment, rapid urbanisation, improved lifestyle and rise in spending on food and beverages appreciatively affect the biaxially- oriented polyethylene terephthalate (BOPET) packaging films request.
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The countries covered in the global biaxially- oriented polyethylene terephthalate (BOPET) packaging films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific( APAC) in the Asia- Pacific( APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa( MEA) as a part of Middle East and Africa( MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia- Pacific dominates the biaxially- oriented polyethylene terephthalate( BOPET) packaging films market due to the presence of producers and consumers of BOPET packaging flicks within the region. North America is expected to witness fastest growth during the cast period of 2021 to 2028 because of the tightening regulations in the region.
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Market segmented on the base of coating
Market segmented on the base of end use industries
– Semiconductors & Electronics Industries
– Food & Beverage
– Personal Care
– Automobile Industry
– Pharmaceutical Industry
Market segmented on the base of product type
– Shrink films
– Stretch wraps
Market segmented on the base of region
– North America
– Asia- Pacific
– Latin America
– Middle East and Africa( MEA)
The major players covered in the biaxially- oriented polyethylene terephthalate( BOPET) packaging films market report are UflexLimited., Mitsubishi Polyester Film,Inc., Jindal Poly FilmsLtd., SRF Limited, Retal Industries LTD, Fatra,a.s., Polyplex, Terphane,Esterindustries.com, Garware PolyesterLtd., CHIRIPAL POLY FILM, Fuwei Films( Holdings)Co.,Ltd., Jiangsu Xingye PolytechCo.,Ltd., Filmtech Company, Sumilon IndustriesLtd., POL?NAS, Flex Films, Anhui Guofeng Plastic IndustryCo.,Ltd., and Bruckner Maschinenbau GmbH & Co. KG, among other domestic and global players.
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