CHICAGO, Oct. 25, 2023 /PRNewswire/ -- The report "Polyester Film Market by Type (Biaxially oriented, thermal film, metalized film, holographic film, UV stabilized, matte film, barrier film), Application (packaging, electrical insulation, imaging), End Use Industry, and Region - Global forecast to 2028", is projected to reach USD 44.2 billion by 2028, at a CAGR of 6.2% from USD 32.7 billion in 2023. The Polyester Film market is mainly driven by the demand from various end use industries such as textile, pharmaceutical, transportation, packaging and electronic appliances, others. It is also driven by developing and emerging economies such as the US and China.
Browse in-depth TOC on "Polyester Film Market"
150 – Tables
67 – Figures
200 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136261881
"Biaxially oriented by type is projected to grow at fastest CAGR, in terms of value, during the forecast period."
Biaxially oriented PET (polyethylene terephthalate) film, or BoPET, is extensively used in the market due to its outstanding combination of properties. It offers excellent barrier properties, effectively protecting contents from moisture, oxygen, and aromas, making it highly suitable for critical packaging applications in the food, pharmaceutical, and electronics industries. BoPET's remarkable dimensional stability ensures that it retains its shape and size, even in fluctuating temperature and humidity conditions, making it invaluable in applications where precise dimensions are necessary. Additionally, its high tensile strength and durability make it a preferred choice for flexible packaging, labeling, and various industrial applications, contributing to its widespread use in the market.
"Food & beverage" by end use industry segment accounted for the largest share in terms of value."
Food packaging is extensively used in the PET (polyethylene terephthalate) market due to its unmatched combination of safety, barrier properties, transparency, lightweight durability, and recyclability. PET is recognized as a food-safe material, ensuring the safety and hygiene of packaged food, and its excellent barrier qualities preserve product freshness and quality. Additionally, its transparency is vital for marketing and consumer appeal, while being lightweight reduces transportation costs and potential product damage. Furthermore, the recyclability of PET aligns with the growing emphasis on sustainability and environmental responsibility in the food packaging industry.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=136261881
"North America is expected to be the fastest growing market for Polyester Film market during the forecast period, in terms of value."
North America has emerged as the fastest-growing region in the polyester film industry, driven by a confluence of significant factors. Foremost among these is the escalating demand for sustainable packaging solutions. Both consumers and businesses in North America are increasingly environmentally conscious and are actively seeking eco-friendly alternatives. Polyester films have gained favor in this context as they can be manufactured from recycled materials or renewable resources, making them a more sustainable choice compared to conventional packaging materials like paper and plastic.
Get Customized Reports: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=136261881
Market Players
The key players in global polyester film market include DuPont Teijin Films (US), TORAY INDUSTRIES, INC. (Japan), Mitsubishi Polyester Film GmbH (Germany), Kolon Industries, Inc. (South Korea), ESTER INDUSTRIES LIMITED (India), Jindal Films Limited (India), Terphane LLC (US), TOYOBO CO. LTD. (Japan), Polyplex Corporation Limited (India) and others.
Browse Adjacent Market: Packaging Market Research Reports
Related Reports:
BOPP Films Market - Global Forecast to 2025
Halogen-Free Flame Retardant Bopet Films Market - Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/polyester-film-market.asp https://www.marketsandmarkets.com/ResearchInsight/biomedical-textile-market.asp - utm_source=Prnewswire&utm_medium=referral&utm_campaign=paidpr
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/polyester-film.asp
Logo - https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/polyester-film-market-worth-44-2-billion-by-2028--exclusive-report-by-marketsandmarkets-301966938.html
Voltar noticias em Inglês