PUBLISHER: Grand View Research | PRODUCT CODE: 1654569
PUBLISHER: Grand View Research | PRODUCT CODE: 1654569
U.S. Polyethylene Terephthalate Films Market Size, Share & Trends Analysis Report By Type (Conventional, Shrink, Isotropic), By Application (Food & Beverage, Electrical & Electronics, Pharmaceuticals, Cosmetics), And Segment Forecasts, 2025 - 2030
U.S. Polyethylene Terephthalate Films Market Growth & Trends:
The U.S. polyethylene terephthalate films market size is anticipated to reach USD 1.92 billion by 2030, growing at a CAGR of 3.6% during the forecast period, according to a new report by Grand View Research, Inc. The polyethylene terephthalate (PET) films market in the U.S. plays a critical role in the broader packaging and industrial sectors, valued for its versatility, durability, and sustainability. PET films, produced from polyester resins, are used across diverse industries, including food and beverages, electronics, healthcare, and industrial applications. Their exceptional barrier properties, mechanical strength, and optical clarity make them indispensable in meeting the demands of modern packaging and manufacturing standards.
A key driver for the U.S. PET films market is the surging demand for sustainable and high-performance packaging solutions. PET films provide superior moisture, oxygen, and chemical resistance, making them ideal for protecting and preserving food and beverage products. Manufacturers are increasingly drawn to PET films for their recyclability and compatibility with mono-material packaging designs, aligning with the growing consumer and regulatory focus on sustainability.
The expanding adoption of PET films in high-growth sectors like electronics and healthcare is also bolstering the U.S. market. In electronics, PET films are integral for applications like flexible circuits, display screens, and insulation, where precision and thermal stability are crucial. Similarly, in healthcare, these films are widely utilized in pharmaceutical blister packs, medical devices, and diagnostic components due to their durability and sterility. With advancements in specialty PET films offering features such as UV protection and antistatic properties, the market is poised to cater to an even wider array of industries, ensuring sustained growth.
The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in May 2024, Toyobo Co., Ltd. announced that its newly developed PET film for shrink labels, ReCrysta, received recognition from the Association of Plastic Recyclers (APR) for meeting high recyclability standards. This film is notable for being eco-friendly, made with over 50% recycled PET materials, and avoids traditional monomers that hinder recycling processes.
U.S. Polyethylene Terephthalate Films Market Report Highlights:
- Based on type, the shrink PET films segment held the largest share, accumulating USD 689.49 million market size in 2024.
- The food & beverage dominated the application segment and accounted for the largest revenue share of over 37.5% in 2024.
- Key players operating in U.S. polyethylene terephthalate films industry include Mitsubishi Chemical America, Inc.; Toray Plastics (America) Inc.; Polyplex Corporation Ltd. (Polyplex); DUNMORE; Filmquest Group Inc.; Xamax Industries, Inc.; UPM; Polymershapes LLC; SS Polymer & Films; and Piedmont Plastics.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. U.S. Polyethylene Terephthalate Films Market Variables, Trends & Scope
- 3.1. Polyethylene Terephthalate Films Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Impact of Circular Economy
- 3.5. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.5.1. Key Factors Influencing Pricing
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Industry Challenges
- 3.8. Porter's Five Forces Analysis
- 3.8.1. Supplier Power
- 3.8.2. Buyer Power
- 3.8.3. Substitution Threat
- 3.8.4. Threat from New Entrant
- 3.8.5. Competitive Rivalry
- 3.9. PESTEL Analysis
- 3.9.1. Political Landscape
- 3.9.2. Economic Landscape
- 3.9.3. Social Landscape
- 3.9.4. Technological Landscape
- 3.9.5. Environmental Landscape
- 3.9.6. Legal Landscape
Chapter 4. U.S. Polyethylene Terephthalate Films Market: Type Outlook Estimates & Forecasts
- 4.1. U.S. Polyethylene Terephthalate Films Market: Type Movement Analysis, 2023 & 2030
- 4.1.1. Conventional PET Films
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. Shrink PET Films
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. Isotropic PET Films
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. Others
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.1. Conventional PET Films
Chapter 5. U.S. Polyethylene Terephthalate Films Market: Application Outlook Estimates & Forecasts
- 5.1. U.S. Polyethylene Terephthalate Films Market: Application Movement Analysis, 2024 & 2030
- 5.1.1. Food & Beverage
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.1.2. Flexible Packaging
- 5.1.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.1.3. Rigid Packaging
- 5.1.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.1.4. Barrier Films
- 5.1.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Electrical & Electronics
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2.2. Insulation Films
- 5.1.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2.3. Flexible Printed Circuits
- 5.1.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2.4. Dielectric Films
- 5.1.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3. Pharmaceuticals
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3.2. Blister Packaging
- 5.1.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3.3. Strip Packaging
- 5.1.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3.4. Lidding Films
- 5.1.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4. Cosmetics
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4.2. Flexible Packaging
- 5.1.4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4.3. Decorative Films
- 5.1.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4.4. Transparent Packaging
- 5.1.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.5. Others
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.1. Food & Beverage
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Vendor Landscape
- 6.2.1. Company categorization
- 6.2.2. List of Key Distributors and channel Partners
- 6.2.3. List of Potential Customers/End users
- 6.3. Competitive Dynamics
- 6.3.1. Company Market Share Analysis & Market Positioning
- 6.3.2. Competitive Benchmarking
- 6.3.3. Strategy Mapping
- 6.3.4. Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. Participant's overview
- 6.4.2. Financial performance
- 6.4.3. Product benchmarking
- 6.4.3.1. Mitsubishi Chemical America, Inc.
- 6.4.3.2. Toray Plastics (America) Inc.
- 6.4.3.3. Polyplex Corporation Ltd. (Polyplex)
- 6.4.3.4. DUNMORE
- 6.4.3.5. Filmquest Group Inc.
- 6.4.3.6. Xamax Industries, Inc.
- 6.4.3.7. UPM
- 6.4.3.8. Polymershapes LLC
- 6.4.3.9. SS Polymer & Films
- 6.4.3.10. Piedmont Plastics
List of Tables
- Table 1. List of Abbreviations
- Table 2. Type market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 3. Conventional PET Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 4. Shrink PET Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 5. Isotropic PET Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 6. Application market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 7. Food & Beverage market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 8. Flexible Packaging market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 9. Rigid Packaging market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 10. Barrier Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 11. Electrical & Electronics market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 12. Insulation Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 13. Flexible Printed Circuits market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 14. Dielectric Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 15. Pharmaceuticals market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 16. Blister Packaging market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 17. Strip Packaging market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 18. Lidding Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 19. Cosmetics market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 20. Flexible Packaging market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 21. Decorative Films market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 22. Transparent Packaging market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook- Conventional PET Films application, product, and application
- Fig. 7 Competitive outlook
- Fig. 8 Value chain analysis
- Fig. 9 Market dynamics
- Fig. 10 Porter's Analysis
- Fig. 11 PESTEL Analysis
- Fig. 12 U.S. Polyethylene Terephthalate Films Market, by Type: Key takeaways
- Fig. 13 U.S. Polyethylene Terephthalate Films Market, by Type: Market share, 2023 & 2030
- Fig. 14 U.S. Polyethylene Terephthalate Films Market, by Application: Key takeaways
- Fig. 15 U.S. Polyethylene Terephthalate Films Market, by Application: Market share, 2023 & 2030
- Fig. 16 U.S. Polyethylene Terephthalate Films Market, by Region: Key takeaways
- Fig. 17 U.S. Polyethylene Terephthalate Films Market, by Region: Market share, 2023 & 2030
