Polyethylene Terephthalate (PET) Shrink Film Trends and Forecast
The future of the polyethylene terephthalate (PET) shrink film market looks promising with opportunities in the food & beverage, industrial packaging, personal care & cosmetic, and printing & stationery markets. The polyethylene terephthalate (PET) shrink film market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are rising consumer demand for food and drink in packages, growing e-commerce industry, along with increasing desire for environmentally friendly and sustainable packaging options.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Polyethylene Terephthalate (PET) Shrink Film by Segment
The study includes a forecast for the global polyethylene terephthalate (PET) shrink film by type, end use, and region.
Polyethylene Terephthalate (PET) Shrink Film Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Low Shrink Film
• Medium Shrink Film
• High Shrink Film
Polyethylene Terephthalate (PET) Shrink Film Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverage
• Industrial Packaging
• Personal Care & Cosmetics
• Printing & Stationery
• Others
Polyethylene Terephthalate (PET) Shrink Film Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Polyethylene Terephthalate (PET) Shrink Film Companies
Companies in the market comPETe on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polyethylene terephthalate (PET) shrink film companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyethylene terephthalate (PET) shrink film companies profiled in this report include-
• Allen Plastic Industries
• Bonset America
• Flint
• Hubei HYF Packaging
• Klockner Pentaplast
• KWC Korea
• Plastic Suppliers
Polyethylene Terephthalate (PET) Shrink Film Market Insights
Lucintel forecasts that medium shrink film is expected to witness the highest growth over the forecast period because the minimal shrinkage, making it perfect for packaging semi-regularly shaped products.
Within this market, food and beverage will remain the largest segment because it offers shelf-appealing, tamper-evident packaging that guarantees the freshness and safety of the product.
APAC will remain the largest region over the forecast period due to demand for PET sheets rising in Asia Pacific, players concentrating more on developing PET shrink film, and an increase in government programs.
Features of the Polyethylene Terephthalate (PET) Shrink Film Market
Market Size Estimates: Polyethylene terephthalate (PET) shrink film market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Polyethylene terephthalate (PET) shrink film market size by type, end use, and region in terms of value ($B).
Regional Analysis: Polyethylene terephthalate (PET) shrink film market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the polyethylene terephthalate (PET) shrink film market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polyethylene terephthalate (PET) shrink film market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the polyethylene terephthalate (PET) shrink film market size?
Answer: The global polyethylene terephthalate (PET) shrink film market is expected to reach an estimated $2.2 billion by 2030.
Q2. What is the growth forecast for polyethylene terephthalate (PET) shrink film market?
Answer: The global polyethylene terephthalate (PET) shrink film market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polyethylene terephthalate (PET) shrink film market?
Answer: The major drivers for this market are rising consumer demand for food and drink in packages, growing e-commerce industry, along with increasing desire for environmentally friendly and sustainable packaging options.
Q4. What are the major segments for polyethylene terephthalate (PET) shrink film market?
Answer: The future of the polyethylene terephthalate (PET) shrink film market looks promising with opportunities in the food & beverage, industrial packaging, personal care & cosmetic, and printing & stationery markets.
Q5. Who are the key polyethylene terephthalate (PET) shrink film market companies?
Answer: Some of the key polyethylene terephthalate (PET) shrink film companies are as follows:
• Allen Plastic Industries
• Bonset America
• Flint
• Hubei HYF Packaging
• Klockner Pentaplast
• KWC Korea
• Plastic Suppliers
Q6. Which polyethylene terephthalate (PET) shrink film market segment will be the largest in future?
Answer: Lucintel forecasts that medium shrink film is expected to witness the highest growth over the forecast period because the minimal shrinkage, making it perfect for packaging semi-regularly shaped products.
Q7. In polyethylene terephthalate (PET) shrink film market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to demand for PET sheets rising in Asia Pacific, players concentrating more on developing PET shrink film, and an increase in government programs.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the polyethylene terephthalate (PET) shrink film market by type (low shrink film, medium shrink film, and high shrink film), end use (food & beverage, industrial packaging, personal care & cosmetics, printing & stationery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Polyethylene Terephthalate (PET) Shrink Film Market, Polyethylene Terephthalate (PET) Shrink Film Market Size, Polyethylene Terephthalate (PET) Shrink Film Market Growth, Polyethylene Terephthalate (PET) Shrink Film Market Analysis, Polyethylene Terephthalate (PET) Shrink Film Market Report, Polyethylene Terephthalate (PET) Shrink Film Market Share, Polyethylene Terephthalate (PET) Shrink Film Market Trends, Polyethylene Terephthalate (PET) Shrink Film Market Forecast, Polyethylene Terephthalate (PET) Shrink Film Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.