Biaxially Oriented Polyethylene Terephthalate Films Market Growing Stupendously

Market Research Future Insights

According to MRFR analysis, the global Biaxially Oriented Polyethylene Terephthalate (BOPET) films market is expected to register a CAGR of ~22% from 2022 to 2030 and hold a value of over USD 37 billion by 2030.

Biaxially Oriented Polyethylene Terephthalate (BOPET) films are a type of polyester film that has been stretched in two perpendicular directions (biaxially oriented) to improve its physical and mechanical properties. BOPET films are widely used in packaging, labeling, electrical insulation, and other applications due to their excellent properties such as high tensile strength, chemical resistance, optical clarity, and barrier properties. The COVID-19 pandemic has significantly impacted the BOPET films market, mainly due to the disruption in supply chains and the reduced demand from end-use industries such as packaging and labeling. However, the increasing demand for packaged food, personal care, and pharmaceutical products has also created opportunities for the BOPET films market during the pandemic.

The BOPET films market can be segmented based on type, thickness, application, and region. Based on type, the market can be segmented into plain, coated, metallized, and others. Based on thickness, the market can be segmented into less than 30 microns, 30-50 microns, and more than 50 microns. Based on application, the market can be segmented into packaging, labeling, industrial, electrical, and others.

Regional Analysis

The BOPET films market may be divided into regional segments for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is the largest market for BOPET films, driven by the growth in the packaging and labeling industries in countries such as China, India, and Japan. The increasing demand for BOPET films in applications such as flexible packaging, pouches, and laminates is also driving the market in this region.

Market Segmentation

The Global BOPET market has been segmented into based on product and end-use.

Based on Product: Bags, Pouches, Wraps, Sachets and Others

Based on End Use: Pharmaceuticals, Cosmetics & personal care, Automotive, Food & beverages, Electrical & electronics

Key Players

Some of the top market players are

Polyplex (India)
Jindal Poly Films Ltd. (India)
Garware Polyester Ltd. (India)
Mitsubishi Polyester Film Inc. (U.S.)
Terphane (U.S.)
Sumilon Industries Ltd. (India)
Fatra

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