BOPET Packaging Films – Capacity Utilization Outstripping Adoption
The flexible packaging landscape is making a paradigm shift toward biaxially oriented polyethylene terephthalate (BOPET) films. As capacity utilization levels are witnessing a notable rise, business profit margins are expected to soar alongside capacity expansions by leading players.
BOPET Packaging Films Market – Key Research Findings
The global BOPET packaging films market size in 2018 – nearly US$ 6 Bn.
The BOPET packaging films market is expected to witness a CAGR of over 5.0%, during 2019-2029.
East & South Asia, cumulatively, are expected to account for nearly 40% of the global BOPET packaging films market in terms of market value share.
East Asia is expected to represent an incremental opportunity of US$ 1.4 Bn by the end of the forecast period.
Among the various thicknesses, the 15-30 micron segment led the charts, followed by 30-50 microns, in 2018, owing to the superior performance offered by BOPET packaging films even at low thicknesses.
Among the various oriented packaging films, BOPET packaging films offer high stiffness, good heat-resistance, and a decent balance of oxygen and moisture barrier.
Tier 1 manufacturers of BOPET packaging films are widening their product offerings, and offering metallized, coated, and other specialized films to cater to specific applications.
The bags & pouches segment is witnessed to be one of the most remunerative segments in the global BOPET packaging films market. These are commonly used for making pouches such as retort pouches. As retort stabilization requires dimensionally-stable base films, BOPET packaging films are preferred. This is expected to buttress the demand for BOPET packaging films during the period of forecast.
Key Factors Shaping the Global BOPET Packaging Films Market
Demand for Packaged Food to Fuel the Demand for BOPET Packaging Films
Pouches such as stand-up and retort pouches, lidding films, and metallized film used for food packaging are among the most prominent applications of BOPET packaging films. Rising concerns regarding extended shelf life to reduce food waste throughout the supply chain have aided in bolstering the demand for BOPET packaging films.
As the snacking trend is witnessing a rise, the usage of single-serve as well as re-sealable flexible packaging solutions is growing. Thus, growth is anticipated to be driven by the increased consumption of packaged food, and sustainability benefits BOPET packaging films.
Application of BOPET Packaging Films in Labels & Laminates
BOPET packaging films find application in manufacturing labels and tapes, attributing to their superior heat sealability and dimensional stability. These labels are used in several end-use industries such as beverages, personal care & beauty, pharmaceuticals, and household industries. Moreover, dimensional stability allows BOPET packaging films to remain stable during printing as well as lamination processes. This makes them an apt choice for manufacturing laminates and wraps.
BOPET Packaging Films Market: Structure Analysis
The global BOPET packaging films market is considered as a fragmented market due to the presence of several regional players.
Key tier-1 players in the BOPET packaging films market include Toray Plastics (America). Inc., Jindal Poly Films Ltd., DuPont Teijin Films, and Uflex Ltd.
Leading manufacturers in the BOPET packaging films market are enhancing their production capacities and investing in their existing production facilities to strengthen their foothold in the global market.
In July 2018, SRF Limited announced the setting up of a BOPET film line & resin plant in Thailand. This will add 40,000 Tonnes per annum (TPA) to the existing capacity of the company’s film lines.
In 2016, Jindal Poly Films Limited invested a significant amount to modernize and expand its plant capacity of metallized and coated films in India.
Market Set to Grow 1.8X between 2019 and 2029
BOPET films are being touted as the next-generation recyclable packaging – the USP that remains the most significant growth driver of the market. Key players are targeting categories, such as fresh meat, snacks, and coffee, offering price and weight reduction.
Opportune Potential of Developing Markets
Opportunities are imminent for BOPET packaging films manufacturers in developing markets, and they are responding by installing new production lines. Adoption in these markets remains influenced by a confluence of trends – the emphasis on sustainable materials, and shift from large-volume technical applications to commodities, in flexible packaging landscape.
The FMI Perspective
Raw material suppliers continue to seek potential customers, meanwhile BOPET film manufacturers are planning convenient sourcing strategies. Leading players are directing their efforts toward investment and substitution opportunities, to benefit from developments in the flexible packaging industry.
Over 30% sales accounted by application in bags & pouches
Application in wraps and laminates to collectively account for nearly
Over US$ 3 Bn opportunity slated in food industry, in 2019
1/5th of market share accounted by beverages industry
How Growth will Unfold
Sales of BOPET packaging films will surge as emphasis on total recyclability of flexible packaging products grows, devoid of any impact on quality or shelf-life. Demand for bags & pouches will remain high, whereas gains are expected to remain steady for tapes & labels in the near future.
Tapes & Labels | Bags & Pouches | Laminates
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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BOPET Packaging Films Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, “BOPET Packaging Films Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the BOPET packaging films market, the growth prospects of the market are obtained with maximum precision.
BOPET Packaging Films Market Taxonomy
The global BOPET packaging films market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Below 15 Micron
- 15-30 Micron
- 30-50 Micron
- Above 50 Micron
- Bags & Pouches
By End-use Industry
- Fresh Produce
- Cosmetics & Personal Care
- Electrical & Electronics
- Other Industrial
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report commences with the executive summary of the BOPET packaging films market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global BOPET packaging films market, along-with key facts about BOPET packaging films. It also includes graphical representation of the segments according to market size and growth rate.
Readers can find detailed taxonomy and definition of the BOPET packaging films market in this chapter, which will help them understand the basic information about BOPET packaging films present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the BOPET packaging films market report.
The report provides key market trends that are expected to impact market growth significantly in the upcoming years. Detailed industry trends are provided in this section, along with key market developments or product innovations, which is likely to have a significant impact on BOPET packaging films market.
This section includes a comparative analysis of different oriented packaging films. Along with the product adoption analysis and promotional strategies being used by tier 1 manufacturers and features which set BOPET packaging films apart.
This section explains the global market value & volume analysis and forecast for the BOPET packaging films market between the forecast period of 2019-2029. It includes the detailed analysis of the historical BOPET packaging films market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This section highlights the average pricing analysis of various thicknesses of BOPET packaging films, in different regions across the globe. The weighted average pricing at the manufacturer-level is analyzed in this section.
This chapter explains the key macro-economic factors that are expected to influence the growth of the BOPET packaging films market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the BOPET packaging films market. This chapter also highlights the key market dynamics of the BOPET packaging films market, which include the drivers and restraints. Moreover, readers will understand the key trends followed by the leading manufacturers in the BOPET packaging films market. This section also covers Porter’s analysis, as well as the PESTLE analysis for the global BOPET packaging films market.
Based on thickness, the BOPET packaging films market is segmented into below 15 micron, 15-30 micron, 31-50 micron, and above 50 micron. In this chapter, readers can find information about key attractive segments during the forecast period.
Based on applications, the BOPET packaging films market is segmented into labels, tapes, wraps, bags & pouches and laminates. In this chapter, readers can find information about key segments during the forecast period.
This chapter provides details about the BOPET packaging films market on the basis of end-use industry, and has been classified into food, beverages, cosmetics & personal care, electrical & electronics, pharmaceuticals, and other industrial. The food segment is further sub-segmented as meat, fresh produce, confectionery, dairy, and others.
This chapter explains how the BOPET packaging films market is expected to grow across various geographical regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North American BOPET packaging films market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some of key points on the basis of estimated market size and consumption of BOPET packaging films.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America BOPET packaging films market. This chapter also includes the growth prospects of the BOPET packaging films market in leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the BOPET Packaging Films market based on the product and the end-user industry in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia BOPET packaging films market in this chapter. Readers can find detailed information about the growth parameters of the South Asia BOPET packaging films market during the period 2019-2029.
This chapter highlights the growth of the BOPET packaging films market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the BOPET packaging films market in the East Asian region.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania BOPET packaging films market.
This chapter provides information about how the BOPET packaging films market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, Northern Africa, and the rest of MEA, during the forecast period 2019 - 2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the BOPET packaging films market along with their market presence analysis by region and product portfolio.
In this chapter, readers will find a comprehensive list of all leading manufacturers in the BOPET packaging films market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Jindal Poly Films Limited, Uflex Ltd., Toray Plastics (America). Inc., SRF Limited, Mitsubishi Polyester Film, Inc., Futamura Chemical Co. Ltd., RETAL Industries Ltd., Fatra A.S, DuPont Teijin Films U.S. Limited, Polyplex Corporation Ltd., Ester Industries Limited, Garware Polyester Limited, Chiripal Poly Films Ltd., Oben Holding Group S.A.C., Polinas Plastik Sanayi ve Ticaret A.S., Terphane LLC, Sumilon Polyester Ltd., and JBF RAK LLC, FILMtech, Inc., Fuwei Films (shan dong) Co., Ltd. among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the BOPET packaging films report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the BOPET packaging films market.
How the research was conducted?
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the BOPET Packaging Films Market
- Market Share Analysis
- Average Selling Price (US$) and Market Growth
- Comparative Analysis of Several Oriented Packaging Films Present in the Market
- Market Size
- Key Trends & Developments
- Competition & Key Vendor Strategies
- Flexible Packaging Association
- Industry Journals
- Plastics Europe
- Food Service Packaging Industry Growth
- Annual Reports/SEC filings/Investor Presentations
Primary Interview Splits