PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1681003
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1681003
The BOPET films market size is projected to grow from USD 10.49 billion in 2024 and is projected to reach USD 13.22 billion by 2029, at a CAGR of 4.7%. The BOPET films market has a promising future as consumers are choosing environment-friendly packaging which will increase the demand for eco-friendly BOPET films. The high demand for packaged food and the rising trend toward lightweight and durable packaging will boost the BOPET films market.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million), Volume (Kilotons) |
Segments | Thickness, Application, End-use Industry, and Region |
Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and South America |
" Thick is projected to be the second largest segment by thickness in BOPET films market"
The thick segment is the second largest thickness segment in the BOPET films market because they provide good insulation and can be used in industrial and electrical uses. They are commonly used in electronics and automotive industries. Thick BOPET films can handle wear and tear, and high temperatures which is important for products that need to last a long time. There is also a growing demand for thick films in construction and graphics.
"Electrical & electronics is projected to be the second largest segment by application in BOPET films market"
The electrical & electronics segment is the second largest application because these films offer excellent electric insulation and are dielectric materials that protect electric circuits. The growing demand for gadgets and renewable energy projects such as solar panels will increase the demand for BOPET films.
"Electrical & electronics is the largest segment by end-use industry in BOPET films market during forecast region."
Electrical & electronics is the second-largest end-use industry segment in the BOPET films market because these films provide excellent heat resistance and strength. The rise of electric vehicles will boost demand for BOPET films. As the electronics industry is growing BOPET films will help in keeping the products last longer.
"Europe counts for the second-largest share in BOPET films market by region"
Europe is the second-largest market for BOPET films because of its strict regulations on food safety and packaging standards. This will increase the demand for BOPET films with excellent barrier properties. Consumers in Europe prefer eco-friendly packaging, this will increase the use of recyclable BOPET films. Government initiatives supporting recycling and reducing plastic waste will augment the BOPET films market in Europe.
By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
By Designation: C-level Executives: 20%, Directors: 30%, and Others: 50%
By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, Middle East & Africa 20%
Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million-1 Billion; and Tier 3: <USD 500 million
Companies Covered: Toray Industries, Inc. (Japan), UFlex Limited (India), Polyplex (India), SRF Limited (India), Jindal Poly Films Limited (India), and others are covered in the BOPET films market.
The study includes an in-depth competitive analysis of these key players in the BOPET films market, with their company profiles, recent developments, and key market strategies
Research Coverage
This research report categorizes the BOPET films market by thickness (thick, thin), by application (packaging, electrical & electronics, imaging, and other applications), end-use industry (food & beverage, personal care & cosmetics, pharmaceuticals, electrical & electronics, and other end-use industries) and by region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the BOPET films market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Agreements, new product launches, acquisitions, and recent developments associated with the BOPET films market. Competitive analysis of upcoming startups in the BOPET films market ecosystem is covered in this report.
Reasons to buy the report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall BOPET films market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the BOPET films market.