World PET Film Market: - Polyethylene Terephthalate (PET) or PETE is the commonly used polymer in the world. It is naturally transparent & semi-crystalline plastic, used extensively for products used in our day to day life. It is produced by polymerization of ethylene glycol & terephthalic acid. It is better termed as “Polyester” in the textile industry. It is usually used as a fiber for clothing as it is an excellent moisture barrier and also used for packaging of many food & beverages as it is lightweight, strong, and hygienic, retains the freshness of the products and does not shatter. It is also used for the packaging of water & carbonated soft drinks. The key advantages are included safe, easily available, high transparent & shatterproof, various shapes & colors, lightweight, flexible, strong, and non-toxic material. Additionally, some of the major properties are low water absorption, good color stability & water properties, excellent resistance towards chemicals (dilute acids & alkalis, hydrocarbons, oil & greases, and alcohols) and good heat resistance & low creep even at elevated temperatures.
According to study, “World PET Film Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world PET film market are DuPont Teijin, KOLON Industries, Mitsubishi, Toray Industries, Ester, TOYOBO, Coveme, Nan Ya, Sichuan em technology, Jiangsu Shuangxing, Jiangsu yuxing, SKC, Zhejiang great southeast, Jiangsu zhongda, Lanxess Corporation, BASF SE, RTP Company, DSM, Indorama VenturesPublic Company Limited, M&G Group, Lyondell Basell Industries N.V., Alpek SAB de CV, Far Eastern New Century Corporation, China Resources Chemical Materials Technology Co. Ltd., Hengli Group Co. Ltd., JBF Industries Ltd., Lotte Chemical Corporation, Hengyi Petrochemical Co. Ltd., Octal, Saudi Basic Industries Corporation (SABIC), Reliance Industries Ltd, Sinopec Group, PET Processors LLC., Zhejiang Zhink Group Co. Ltd. The Key players have economically invested heavily in research & development (R&D) activities to develop advanced products to provide to the requirements of the market.
Based on the type, PET film market is segmented into CPET (Crystalline Polyethylene Terephthalate), BoPET (Biaxially-oriented polyethylene terephthalate) and A-PET (Amorphous-polyethylene terephthalate). Based on product type, the market is segmented into films & sheets, bottles and other product types. In addition, based on the end-use industry, the market is segmented into food & beverage, electrical & electronics, automotive, consumer goods, healthcare, and other end-user industries. The electrical & electronics segment is estimated to witness major development due to a rise in demand for lightweight materials and constant growth in per capita disposable income during the forecast period.
The PET film market is driven by an increase in demand for packaged water, followed change in preference of consumers, an increase in demand for sustainable & recyclable materials and a rise in the consumption of ready-to-eat food products. However, harsh in hazards associated with PET containers and stringent governmental restrictions may impact the market. Moreover, a rise in R&D in the recyclability of PET products is a key opportunity for market.
Based on geography, China and India countries hold major share in PET film market owing to the increase in the growth of the overall economy and an increase in investments by key manufacturers in the countries. The USA and Europe are expected to witness higher growth rates due to growth in usage as an eco-friendly substitute and rise in an inclination of consumers toward efficient & easily recyclable beverage containers over the forecast period.
Global PET Film Market: Product Segment Analysis:-
BoPET (Biaxially-oriented polyethylene terephthalate)
CPET (Crystalline Polyethylene Terephthalate)
A-PET (Amorphous-polyethylene terephthalate)
Global PET Film Market: Application Segment Analysis:-
Flexible packaging and food contact applications
Solar, marine and aviation applications
Covering over paper
Electronic and acoustic applications
Global PET Film Market: Regional Segment Analysis:-
The players mentioned in our report:-
Sichuan em technology
Zhejiang great southeast
Ankur Gupta, Head Marketing & Communications