#bopetfilmsmarketanalysis

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BOPET Films Market to Grow at a CAGR of 4.8% by 2030

According to ChemAnalyst report, “BOPET Films Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, The BOPET Films market has witnessed considerable growth as it reached 4.21 million tonnes in 2020 and is expected to achieve a healthy CAGR of 4.8% during the forecast period until 2030. The rapidly growing demand for BOPET Films due to its versatile properties by various end-use industries is expected to boost the BOPET Films market globally in the span of the next ten years. Increasing demand for BOPET Films by the flourishing packaging industry is the major factor driving the BOPET Films market across the globe. However, the high production cost of BOPET films can somehow hinder market growth in the future.

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BOPET stands for Biaxially Oriented Polyethylene Terephthalate, which is a Polyester film made from orientated Polyethylene Terephthalate (PET). These versatile engineered films are clear, flexible, and transparent in nature and inherent versatile properties such as high tensile strength, reflectivity, chemical, and dimensional stability, gas and aroma barrier properties, and electrical/thermal insulation.

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The BOPET films are widely used for various industrial and commercial applications including flexible packaging, insulating materials, covering over paper, consumer electronics, printing media, green energy, automotive parts, medical devices, and others. The biaxial orientation of the PET film makes it desirable for food packaging, electrical/thermal insulation, and printing sheets. BOPET films are extensively used in plastic bottles for soft drinks due to their excellent water and moisture barrier properties. Owing to their high mechanical strength, these films are often used in tape applications such as the carrier for magnetic tape or backing for pressure-sensitive adhesive tapes. Flexible packaging structures account for the largest end-use of BOPET films where its unique properties have enabled it to become the backbone that high-performance multi-layer plastic structures are built around. Due to growing urbanization and industrialization, the demand for plastic packaging, electronic products, and digital printing is rapidly increasing along with retail sales of food and grocery, which is likely to augment the BOPET market in the next few years.

The BOPET Films Market is segmented on the basis of type, end-use, sales channel, and region. Based on different types, the BOPET films are categorized into Thin films and Thick films. The thin films segment is anticipated to dominate the BOPET films market globally in the upcoming years owing to the rising demand for BOPET films in the food and beverage, and pharmaceuticals industry. On the basis of end-use industries, the BOPET market is segregated into packaging, pharmaceuticals, electrical and electronics, imaging, industrial, automotive, and others. Among these, the packaging industry holds the largest share in the BOPET films market and is expected to maintain its dominance until 2030 due to the increasing demand for flexible packaging especially from the personal care, food and beverages, and pharmaceutical sector across the globe.

The unprecedented fall of COVID-19 in 2020 caused a drastic decline in the BOPET Films market around the world. Many end-user industries including personal care, automotive, electrical and electronics, imaging, and others witnessed a huge negative impact due to the interruptions in the global supply chain. Several manufacturing units halted their operations temporarily during the first half of 2020 in order to contain the spread of the deadly coronavirus, which had affected the BOPET films market across the globe.  However, the demand for BOPET Films from the flexible packaging industry remained significant during the covid times.

Among different regions, the Asia Pacific region dominated the BOPET Films market globally in 2020 and is expected to maintain its dominance over the next ten years owing to the rising demand for flexible packaging, flat panel displays, printed circuit boards, etc. especially in emerging economies like China, India, Japan, and others. Rapid industrialization and urbanization in India and China have led to continuous changes in people’s lifestyles which has further propelled the demand for BOPET films in the Asia Pacific region. In North America, the demand for BOPET films is continuously growing in the food and beverages, and construction industry, which will then accelerate the BOPET films market in the forecast period.

BOPET Films Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in BOPET Films market include 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.

“Growing demand for BOPET Films from the blooming packaging industry is likely to boost the BOPET Films market across the globe in the next ten years. Increasing awareness regarding fitness trends, healthy foods, and natural ingredients is driving the food and beverages industry which is expected to propel the demand for BOPET films in the upcoming years. Emerging technological advancements like drone technology will further create new opportunities for growth for leading players in the BOPET films industry.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

For more information, please visit us at www.chemanalyst.com

Contact Us:

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Global BOPP and BOPET films market to Grow at a CAGR of 4.88% by 2030 | ChemAnalyst

According to ChemAnalyst report, “Global BOPP (Biaxially Oriented Polypropylene) and BOPET (Biaxially Oriented polyethylene terephthalate) films Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global BOPP and BOPET films market has shown tremendous growth in the past five years and is anticipated to achieve a CAGR of 4.88% during the forecast period. Increasing population and growing demand for ready to eat foods, demand from pharmaceutical industry as a packaging material, development of new technologies and increasing e-commerce activities would drive the demand for films in the forecast period. These films are also used in electrical and electronics sector as a packaging and laminating material increasing the demand.

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Majority of films being produced in the world today is used in food and beverages industry for packaging. The major end uses of these chemicals are in electrical and electronics, pharmaceutical. The remaining 20% of the demand of films comes from other applications, such as spending on personal hygiene, tobacco and many more. Tent and tubular production process are currently the most used in BOPP and BOPET films production process.  About 70% of the world’s BOPP and BOPET films is produced using tent and tubular production process. This revolutionary technology is known to be the most economical one, with remarkable benefits such as reduced capital investments, maintenance costs, and waste treatment.

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Among various applications of films, food and beverages dominate the Global BOPP and BOPET films market. As of FY19, the food and beverages dominate films end user market and are expected to propel the market growth backed by drivers like increasing e-commerce activities, rapid urbanization, and industrialization globally. In the past few years, the increasing industrialization and urbanization and increasing demand from e-commerce activities. These factors are likely to propel the demand for Global BOPP and BOPET films in the forecast period.  Moreover, increased use of ready to eat foods and spending on personal hygiene are further driving the films demand in the forecast period.

BOPP and BOPET films prices are linked to its increasing demand from various sectors like e-commerce, education, health and hygiene and pharmaceuticals. Over the past few years, global BOPP and BOPET films prices have become highly susceptible to the demand of these chemicals. In the first half of FY20 sudden outbreak of novel coronavirus followed by unprecedented fall in demand rendered a sharp downfall in the global BOPP and BOPET films prices. Various industrial operations shutdown in the first half of the FY20 which impacted various industries including these chemicals market as it is majorly used packaging industry and pharmaceutical sector. Therefore, chemicals market has also being affected due to shaken market outlook.

Regionally, Asia Pacific dominates the Global BOPP and BOPET films market and holds the largest market share in FY19. Asia’s films market is anticipated to grow in the economies like India, China, and Japan due to continuously rising population and high demand from the food and beverages and increasing e-commerce sector. South Asia, particularly India, seems to be the key market for chemicals as the country is seen as a generally under-supplied market with limited domestic manufacturing. Moreover, increasing focus of the Indian government towards spreading awareness for production in India through campaigns such as MAKE IN INDIA Project would stimulate the growth of the global ABS market in the forecast period.

According to ChemAnalyst report, Global BOPP and BOPET films Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating global BOPP and BOPET films market are Kemira Oyj, AkzoNobel N.V., BASF SE, Dow Chemical Company, Nalco Holdings, and Ashland, Inc. etc. In FY19, the leading chemicals producer Kemira Oyj is using kraft pulping proces.  The technology improves the efficiency of the manufacturing process and cuts CO2 emissions and water and electricity use.

“Being directly linked to the Chemicals industry, the global BOPP and BOPET films industry has shown a robust growth alongside growing population and changing consumer preference. India is forecasted to become the world's fifth largest consumer market by 2025. In addition, growing per capita income globally poised a stronger outlook to the country’s chemicals demand. The nationwide lockdown affected the demand and increased the price due to minimum demand.  China also serves as the key growth region with sufficiently installed capacities.  With new competitors emerging across the Asian films market, players anticipate that supply will soon outpace demand soon. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

About Us

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

For more information, please visit us at www.chemanalyst.com

Contact Us:

Nilesh Vishwakarma

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523948

Mob: +91-8882336899

Email: info@chemanalyst.com