Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global BOPET film market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international BOPET film market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global BOPET
film market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global BOPET film market is offered. In accordance with the report, the global
BOPET film market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints
& Opportunity of the Market:
BOPET (Biaxially-Oriented Polyethylene Terephthalate) is polyester
film produced using polyethylene terephthalate (PET) and being used by various
applications such as packaging, electrical insulation, imaging and others. BOPET
offers properties dimensional stability, reflectivity, high tensile strength,
electrical insulation and others.
q Growing industrialization is a major
key factor propelling the demand for BOPET films across the globe as it offers
safety, cosmetic qualities and other properties to the product
q Surge in demand for flexible
packaging across the industries is expected to boost the demand for BOPET
Ø As per Flexible Packaging
Association, global packaging industry is expected to grow at CAGR of about 13%
over period of 2017-2022
Ø Flexible packaging accounts for
about 40% of the total packaging industry. Flexible packaging finds lucrative
demand from food & beverages, beauty & personal care, home care and
several other industries
Ø The aforementioned factors are
cumulatively expected to surge demand for BOPET during the forecast period
q
Rapidly
growing demand from electrical and electronics sector is also expected to offer
avenues for growth. BOPET is being used in production of photovoltaic (PV)
cells and high-end display screens (OLED). Increasing global warming issue and
greenhouse gases globally is leading to adoption of stringent rules and
regulation over fossil fuels and promotes renewable energy sources for energy
generation
Ø According to International Energy
Agency (IEA), renewable energy capacity is expected to grow by 50% during 2019
and 2024, led by solar PV. As per statistics, Solar PV alone accounts for about
60% of the forecasted growth
q Recycling and sustainability issues
is a major challenge faced by BOPET films market. Polyolefin films is a
potential substitute of BOPET films and is expected to present furious
competition in forecast years
q Companies in BOPET films market are opting
various strategies such as new product development, merger & acquisitions,
etc to maintain and increase their market share in highly competitive market.
Ø In 2020, Terphane announced new product line of
matte and "velvety-touch" BOPET film for packaging industry. The
product launch is expected to help the company to acquire new customers from
food and beverages industry
Ø In 2018, Flex Films, an arm of Uflex received
United States (US) patent for their categories of Formable Films which includes
BOPET layers used in Alu Alu blister packaging. The BOPET film allow the
customer to use different inks for printing with ease
Segment Covered:
This market
intelligence report on the global BOPET film market encompasses market segments based on function,
thickness, industry and country.
By function
the global BOPET film market has been divided into:
·
Barrier
·
Safety
·
Decorative
·
Microporous
·
Others
By Thickness
the global BOPET film market has been divided into:
·
Thick
·
Thin
By
Industry the global BOPET film market has been divided into:
·
Packaging
·
Industrial
·
Electrical and
Electronics
·
Magnetic Media
·
Imaging
By country/region,
the global BOPET film market has been divided into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Toray industries
Ltd.
·
Mitsubishi
Polyester Film, Inc.
·
Dupont-Teijin
Films
·
SKC Films
·
Ester industries
Ltd.
·
Jindal polyfilms
Ltd
·
Uflex Ltd.
·
Polyplex
Corporation Limited
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as BOPET film market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the BOPET film
market, size of the market (US$ Mn), and Compound
Annual Growth Rate (CAGR (%) for the period of forecast: 2020-2028, taking into
account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world BOPET film market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for BOPET film caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for BOPET
film market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the BOPET film market
v
Identification
of key factors driving investment opportunities in the BOPET film
market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants