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The bopet films market size is forecast to increase by USD 2.1 billion at a CAGR of 5.1% between 2023 and 2028.
The bopet films industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The labels segment is estimated to witness significant growth during the forecast period. The market encompasses various applications, with labels as a prominent segment due to BOPET films' superior clarity and printability. BOPET films offer exceptional optical properties, enabling vivid and precise printing, and exhibit robust resistance to moisture, chemicals, and abrasion. These features make BOPET films an optimal choice for labels on bottles and other packaging, ensuring legibility and visual appeal under challenging conditions. Furthermore, their durability enhances their suitability for applications requiring high resistance to environmental factors. BOPET films are widely utilized In the labeling of food, beverage, pharmaceutical, and cosmetic products, among others, due to their high-quality packaging capabilities. Additionally, BOPET films are employed in non-food applications, such as consumer electronics, medical devices, and ready-to-eat snacks, demonstrating their versatility.
The market for BOPET films is expected to grow due to the increasing demand for high-barrier, multi-layered, and sustainable packaging solutions, as well as the changing lifestyle trends and the need for extended shelf life and food safety.
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The Labels segment was valued at USD 2.13 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in Asia-Pacific (APAC) is witnessing notable growth due to the expansion of industries such as food processing, e-commerce, and electronics. BOPET films are extensively utilized in flexible packaging and protective film applications withIn these sectors. The food processing industry is a primary contributor to the demand for BOPET films in APAC. For instance, China's food production value grew by 2.8% in 2023 compared to the previous year, as reported by the Ministry of Commerce (MOC). Likewise, the Indian food processing sector has experienced steady growth, with an average annual growth rate of 5.35% over the past eight years, reaching a Gross Value Added (GVA) of USD23 billion.
BOPET films' high barrier properties make them suitable for packaging various food products, including meat, confectionery, dairy products, and fresh produce. Additionally, the increasing demand for high-quality packaging, sustainable materials, and recyclable packaging is driving the market growth. BOPET films are also used in non-food packaging applications, such as tobacco, consumer electronics, medical devices, and ready-to-eat snacks. The trend towards longer shelf life, food safety, and high-end visual packaging further boosts the demand for BOPET films.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
In the non-food sector, BOPET films are utilized in tobacco packaging, consumer electronics, medical devices, and personal care products. Their flexibility, combined with excellent printability and high-barrier properties, make them ideal for these applications. Sustainability is a key trend driving the market, with an increasing focus on recyclable and eco-friendly packaging solutions. BOPET films offer recyclability and can be produced using sustainable materials, making them a popular choice for environmentally-conscious consumers and businesses. In conclusion, the market is expected to continue growing due to the increasing demand for high-quality, flexible, and sustainable packaging solutions across various industries.
These films offer numerous advantages, including extended shelf life, improved product protection, and enhanced visual appeal, making them a preferred choice for food, consumer electronics, medical devices, and personal care products.
UFlex's innovation underscores the market's shift towards high-barrier, multi-layered packaging solutions, such as retort pouches, that cater to the changing lifestyle and food safety requirements of consumers.
Despite these challenges, BOPET films continue to offer advantages such as high barrier protection, long shelf life, and versatility in various industries, including food, tobacco, non-food, consumer electronics, medical devices, and personal care.
The bopet films market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the bopet films market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, bopet films market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Cosmo First Ltd. - BOPET films, including transparent and metalized variants, represent a significant segment In the global film market. Transparent BOPET films offer excellent clarity and strength, making them suitable for various applications such as packaging, labeling, and industrial uses. Metalized BOPET films, on the other hand, provide enhanced barrier properties and are commonly used In the production of flexible packaging for food and beverage products. The demand for BOPET films is driven by their versatility, durability, and ability to replace traditional materials like aluminum and glass in various industries. Additionally, the increasing trend towards sustainable and lightweight packaging solutions is expected to further boost the market growth. BOPET films' unique properties make them a preferred choice for numerous applications, contributing to their growing adoption across various end-use industries.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The global market for high-quality packaging films, including bopet films, continues to experience significant growth due to the increasing demand for sustainable and recyclable packaging solutions. This trend is particularly prominent in various industries such as food, cosmetics, and consumer electronics. Bopet films, a type of biaxially oriented polyethylene terephthalate (PET) film, have gained popularity due to their high-barrier properties, making them suitable for packaging a wide range of products. In the food industry, these films are commonly used for meat, confectionery, dairy products, and ready-to-eat snacks. The demand for high-barrier packaging is driven by the need to extend shelf life and maintaIn the freshness and quality of food products.
Furthermore, the shift towards sustainable and eco-friendly packaging solutions has led to an increased focus on using recyclable materials in packaging films. Bopet films made from sustainable materials are gaining traction In the market, particularly In the cosmetics and personal care industries. These films offer the benefits of flexible packaging while reducing the environmental impact. Another trend In the packaging films market is the use of multi-layered packaging solutions. Retort pouches, for instance, are a popular choice for packaging food products due to their ability to withstand high temperatures during sterilization. These pouches are made using multiple layers of films, including bopet films, to ensure the required level of protection and shelf life.
Printing and laminating technologies have also advanced significantly, enabling the production of high-end visual packaging. This is particularly important In the food industry, where attractive and eye-catching packaging can influence consumer purchasing decisions. The demand for high-quality packaging films is not limited to food products. They are also used extensively In the tobacco, non-food, consumer electronics, medical devices, and pharmaceutical industries. In the tobacco industry, bopet films are used for tobacco packaging due to their high-barrier properties and ability to protect the contents from moisture and oxygen. In the consumer electronics industry, these films are used for packaging sensitive components due to their protective properties.
The changing lifestyle and consumer preferences towards convenience and portability have also contributed to the growth of the packaging films market. Bags and pouches made from bopet films are increasingly popular for packaging various products, including food, cosmetics, and consumer electronics. Food safety is another critical factor driving the demand for high-quality packaging films. With increasing consumer awareness about food safety, there is a growing demand for packaging solutions that ensure the safety and quality of food products. Bopet films offer excellent barrier properties, making them an ideal choice for food packaging applications. In conclusion, the global market for high-quality packaging films, including bopet films, is expected to continue growing due to the increasing demand for sustainable and recyclable packaging solutions, changing consumer preferences, and the need for high-barrier packaging to maintain product quality and extend shelf life.
The advancements in printing and laminating technologies and the growing demand for convenient and portable packaging are also expected to drive market growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
209 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
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Market growth 2024-2028 |
USD 2095.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.8 |
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Key countries |
China, US, Germany, India, UK, Japan, Canada, France, South Korea, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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