According to a new market report published by Lucintel, the future of the BOPET film market looks attractive with opportunities in the packaging, industrial, and electrical & electronics industries. The global BOEPT film market is expected to reach an estimated $28.1 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing demand for flexible packaging and growth in the flat panel display market.
In this market, thin and thick BOPET films are used to provide barrier, safety, decorative, and electrical insulation to various end use industries. Lucintel forecasts that thin film is expected to remain the largest segment, and witness the highest growth over the forecast period due to increasing demand in the food and pharmaceutical packaging markets.
Within the BOPET film market, packaging will remain the largest end use industry, supported by increasing demand for food, personal care, and pharmaceutical packaging. Electrical and electronics end use market is expected to witness the highest growth due to growth in PCB and electrical insulation market.
Asia Pacific is expected to remain the largest market by value and volume, and also witness the highest growth over the forecast period due to the growth in flexible packaging and increasing demand for flat panel displays, printed circuit boards, and solar back sheets.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of bio-degradable and water-soluble films and increasing use in the weather resistant layer of PV cell modules. DuPont Teijin Films, Toray, Polyplex, Jindal Poly House, SKC Films, Uflex, Mitsubishi Film, Kolon Industries, and AJ Plast are among the major suppliers of BOPET films.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global BOPET film market by end use industry, thickness, function, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global BOPET Film Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global BOPET film market by end use industry, thickness, function, and region as follows:
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
Packaging
Industrial
Electrical and Electronics
Magnetic Media
Imaging
By Function [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
Barrier
Safety
Decorative
Microporous
Others
By Thickness [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
By Region [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
Germany
Italy
France
Spain
China
India
South Korea
Japan
This 193-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… helpdesk@lucintel.com.
About Lucintel
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