BoPET Films Market Demand, Growth and Trend Analysis 2014-2021
The new report “Global BoPET Films Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast” added by DecisionDatabases.com covers the market overview, market size, growth trends and future prospects elaborately. The report incorporates the BoPET films market analysis on the basis of application. The report offers details about the drivers, restraints and growing opportunities in the industry along with other market details. The global BOPET film industry is evolving due to rising converting capabilities and high technological advancement in the production process. Rising usage of BoPET films in various packaging industries is expected to drive market demand over the coming years owing to its excellent thermal and mechanical stability.
BoPET film is a polyester film, which is manufactured from stretched PET (polyethylene terephthalate) under a state of art technology process. BoPET comprises of various useful properties such as high chemical stability, tensile strength, electrical insulation and reflectivity. Growing demand for BoPET films along with rising penetration in end-use industries especially in the packaging industry is expected to fuel market demand over the coming years. Surging growth of food packaging industry has positively impacted the market and is anticipated to continue in the near future. However, stringent environmental regulations and fluctuating cost of feedstock are of major concerns for players, as these may hamper market growth over the coming years.
The global BoPET films market has been segmented on the basis of application into magnetic products & electric insulation, imaging, packaging and graphic arts. Packaging is one of the leading application segment and is anticipated to grow at a significant rate over the coming years on account of a rising demand for flexible plastic packaging due to its high thermal & mechanical strength. Magnetic & electric insulation segment is also projected to grow at a considerable rate in the near future owing to rising demand for solar cells and flat panel displays (FPDs) in the market. Imaging and graphic arts application segment is expected to witness a sluggish growth over the coming years due to decreasing demand from the end-user industries and growing preference for advance digital technologies.
Geographically, the global BoPET films market is divided into five regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa (MEA). North America is one of the major markets and is projected to witness substantial growth over the forecast period owing to an increasing demand from end-user industries in the region. Asia Pacific is one of the fastest growing markets and is estimated to show an outstanding growth over the coming years on account of high economic growth, particularly in China and India. China and India contribute to the largest market share and are expected to grow at a considerable rate over the forecast period owing to rising production capacity and supportive export-import policies in the regions. European BoPET market is also expected to grow at a moderate rate in the near future on account of rising demand from the industrial sector.
The key players for BoPET films include Fuwei Films, Jindal Poly Films Ltd., UFLEX Ltd., ANDRITZ Biax, Mitsubishi Polyester Film GmbH, SKC Co., Ltd., and JBF Industries Ltd. In September 2015, Mitsubishi Polyester Film Inc. had announced to invest USD 100 for the expansion of new BOPET stretch film line in Greer factory, North America.
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