Polyester Films Market Forecasts to 2030 – Global Analysis By Product Type (<15 microns Polyester Film, 15-30 microns Polyester Film, 30-60 microns Polyester Film, >60 microns Polyester Film and Other Product Types), Type (Biaxially Oriented, Bubble Extru

Polyester Films Market Forecasts to 2030 – Global Analysis By Product Type (<15 microns Polyester Film, 15-30 microns Polyester Film, 30-60 microns Polyester Film, >60 microns Polyester Film and Other Product Types), Type (Biaxially Oriented, Bubble Extruded and Other Types), Film (Modified Coefficient of Friction (COF), Matte, Adhesive Treated, Siliconized Release, UV Stabilized and Other Films), Thickness (<50 microns, 51-100 microns, 101-150 microns, 151-200 microns, 201-250 microns, >250 microns and Other Thicknesses), Application, End User and By Geography


According to Stratistics MRC, the Global Polyester Films Market is accounted for $45.25 billion in 2023 and is expected to reach $79.07 billion by 2030 growing at a CAGR of 8.3% during the forecast period. Ethylene glycol and dimethyl terephthalate are the main components of polyester, a high-performance thermoplastic. In comparison to conventional plastic films, PET film excels in terms of high tensile strength, dimensional stability, high-temperature resistance, thermal and electrical insulation, chemical resistance, moisture absorption, thermal stability, and physical property retention across a wide temperature range. Additionally, it has excellent gas barrier capabilities, high gloss, good UV resistance, improved optical clarity, and moisture resistance traits. It is ideal for high-performance plastic sheets and films, as well as for printing and laminating products of the highest caliber. PET films can be used in a variety of industrial, electrical, and auto applications. It is entirely recyclable and can be processed again to create many different products with various uses.

According to Connect2India, India exported polyester films to more than 129 countries, which was worth USD 94.83 Billion in the fiscal year 2020-2021.

Market Dynamics

Driver

Increasing demand from the packaging sector

The global Polyester Films market expected to drive growth during the forecast period. Due to their excellent qualities, including high durability, flexibility, and resistance to moisture and heat, polyester films are one of the main end uses in the packaging industry. The growth of the packaging sector, which in turn is driving demand for polyester films, is being driven by the rising demand for packaged goods such as food, beverages, and personal care items. Moreover, the market for polyester film has grown even more as a result of the expansion of e-commerce and online shopping, which has also increased the demand for efficient and durable packaging materials.

Restraint

Environment-related issues

The global Polyester Films market expected to hinder growth during the forecast period. Polyester films are not biodegradable and, if improperly disposed of, can harm the environment. Because of this, there are now more people who are worried about how polyester films will affect the environment, which could limit the market. However, the development of substitute materials, which can further lower the demand for polyester films, is a result of the rising emphasis on sustainability and environmental protection.

Opportunity

Increase in the demand for flexible packaging

The global Polyester Films market expected to drive growth during the forecast period, due to its affordability and convenience, flexible packaging is growing in popularity. Due to their exceptional qualities, such as high durability, flexibility, and resistance to moisture and heat, polyester films are perfect for flexible packaging. The market for polyester films has a sizable opportunity due to the rising demand for flexible packaging. Moreover, Flexible packaging that uses polyester films extends the shelf life of the packaged goods and shields them from moisture and other outside influences.

Threat

Strict guidelines

The global Polyester Films market expected to hamper growth during the forecast period. Globally, governments are enforcing strict regulations pertaining to the use of plastics and their effects on the environment. The market may be threatened if this results in limitations on the use of polyester films. The demand for polyester films may be further impacted by the shift toward sustainable and eco-friendly alternatives brought on by the growing awareness of the negative environmental effects of plastics.

Covid-19 Impact

The COVID-19 pandemic has had a conflicting effect on the polyester film market. The demand for polyester films used in packaging applications as well as in medical settings such as PPE has risen as a result of the surge in demand for food and beverage products, personal care items, and medical supplies. Delivery delays, the closing of manufacturing facilities, and a reduction in production capacity have all been brought on by market-wide disruptions in the supply chain, production, and logistics. Several variables, including the length of the pandemic, the efficacy of the vaccines, and the pace of the global economy's recovery, will determine the pandemic's long-term effects on the market.

The packaging segment is expected to be the largest during the forecast period

Due to the rising demand for flexible and long-lasting packaging materials across a range of industries, the packaging application segment is anticipated to hold the largest share and maintain its dominance in the polyester films market during the forecast period. One of the largest end users of polyester films is the food and beverage sector, where they are employed in a variety of packaging formats like pouches, bags, and wraps. Additionally, polyester films are used in the personal care sector to package goods like shampoos, conditioners, and cosmetics because they have excellent barrier properties and offer protection from light and moisture.

The electrical and electronics segment is expected to have the highest CAGR during the forecast period

Due to the rising demand for electronics like smartphones, laptops, and tablets, the electrical and electronics end user segment is anticipated to grow at the highest CAGR during the forecast period. Electronic devices are lighter and smaller thanks to the use of polyester films as a dielectric material, which makes them easier to transport and use. The market for polyester films is significantly impacted by the electrical and electronics industries. Polyester films are more in demand as a dielectric material in a variety of applications, including capacitors, transformers, printed circuit boards, and flexible circuits, as a result of the growing demand for electronic devices and the miniaturization of those devices.

Region with largest share

Due to the presence of significant manufacturing hubs in nations like China, India, Japan, and South Korea, the Asia-Pacific region will account for the largest share of the polyester film market during the forecast period. The demand for different end-use applications of polyester films is being driven by the region's growing population, urbanization, and disposable income. The region's market is expanding as a result of rising interest in sustainability and the demand for renewable energy sources. A significant end-user of polyester films in the area is the packaging industry, which is motivated by the rising need for flexible and long-lasting packaging materials for food and beverage, personal care, and pharmaceutical products. Moreover, due to the rising demand for electronic devices like smartphones, laptops, and tablets, the electrical and electronics industries also contribute significantly to the market.

Region with highest CAGR

The highest CAGR is anticipated in the Middle East and Africa (MEA) region during the forecast period. The market is expanding as a result of rising investment in the region's infrastructure and construction sectors as well as rising demand for packaging materials. Polyester films are widely used in the food and beverage sector in the area, where they are used to package goods like snacks, confections, and dairy products. Moreover, the growing need for medical supplies and equipment is a major driver of the pharmaceutical industry's contribution to the market.

Key players in the market

Some of the key players in Polyester Films market include Cosmo Films Ltd, Ester Industries Ltd., Fujian Billion Advanced Materials, Hengli Group, HuanYuan Plastic Film Co., Ltd, Impak Films US LLC, Jiangsu Shuangxing, Jindal Poly Films Ltd., Kolon Industries, Inc., Mitsubishi Polyester Film, Inc., Nanjing Lanpucheng, Polinas Corporate, Polyplex Corporation Ltd., SRF Limited, Sumilon Polyester Ltd., Toray Plastics (America), Inc, Toyobo Co., Ltd. and Zhejiang cifu group.

Key Developments

In December 2021, Steel Partners’ Dunmore introduced new tamper-evident label films. These tamper-evident label films prevent tampering and add an extra layer of brand protection. The new security features include four new tamper-evident designs that are well-known all across the world. Label printers may now accommodate fewer SKUs while still conveying the correct message when a product is tampered with.

In September 2020, packaging products maker Cosmo Films announced an investment of INR 300 crore (USD 3.0 Billion) in a new line of specialty polyester films (Biaxially-Oriented Polyethylene Terephthalate or BOPET) by the second quarter of 2022-23.

In May 2020, DuPont Teijin Films launched clear flame polyethylene terephthalate (PET) polyester films for transportation, industrial, electronics, construction, and label industries. Clear Melinex FR32x PET films can be used to make laminate structures for transportation and construction, as well as battery labels and insulating materials, illumination, and flexible printed circuits. DuPont's commercially available Melinex FR32x films are said to have a VTM-0 rating and a very low haze of less than 1%.

Product Types Covered
• <15 microns Polyester Film
• 15-30 microns Polyester Film
• 30-60 microns Polyester Film
• >60 microns Polyester Film
• Other Product Types

Types Covered
• Biaxially Oriented
• Bubble Extruded
• Other Types

Films Covered
• Modified Coefficient of Friction (COF)
• Matte
• Adhesive Treated
• Siliconized Release
• UV Stabilized
• Other Films

Thicknesses Covered
• <50 microns
• 51-100 microns
• 101-150 microns
• 151-200 microns
• 201-250 microns
• >250 microns
• Other Thicknesses

Applications Covered
• Packaging
• Imaging
• Thermal Lamination
• Other Applications

End Users Covered
• Food and Beverage
• Electrical & Electronics
• Renewable Energy
• Aerospace & Defense
• Pharmaceutical
• Manufacturing
• Bakery
• Fruits and Salads
• Automotive
• Baby Food
• Liquids
• Instant Food
• Confectionery
• Personal Care & Cosmetics
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Polyester Films Market, By Product Type
5.1 Introduction
5.2 <15 microns Polyester Film
5.3 15-30 microns Polyester Film
5.4 30-60 microns Polyester Film
5.5 >60 microns Polyester Film
5.6 Other Product Types
6 Global Polyester Films Market, By Type
6.1 Introduction
6.2 Biaxially Oriented
6.3 Bubble Extruded
6.4 Other Types
7 Global Polyester Films Market, By Film
7.1 Introduction
7.2 Modified Coefficient of Friction (COF)
7.3 Matte
7.4 Adhesive Treated
7.5 Siliconized Release
7.6 UV Stabilized
7.7 Other Films
8 Global Polyester Films Market, By Thickness
8.1 Introduction
8.2 <50 microns
8.3 51-100 microns
8.4 101-150 microns
8.5 151-200 microns
8.6 201-250 microns
8.7 >250 microns
8.8 Other Thicknesses
9 Global Polyester Films Market, By Application
9.1 Introduction
9.2 Packaging
9.3 Imaging
9.4 Thermal Lamination
9.5 Other Applications
10 Global Polyester Films Market, By End User
10.1 Introduction
10.2 Food and Beverage
10.3 Electrical & Electronics
10.4 Renewable Energy
10.5 Aerospace & Defense
10.6 Pharmaceutical
10.7 Manufacturing
10.8 Bakery
10.9 Fruits and Salads
10.10 Automotive
10.11 Baby Food
10.12 Liquids
10.13 Instant food
10.14 Confectionery
10.15 Personal Care & Cosmetics
10.16 Other End Users
11 Global Polyester Films Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Cosmo Films Ltd
13.2 Ester Industries Ltd.
13.3 Fujian Billion Advanced Materials
13.4 Hengli Group
13.5 HuanYuan Plastic Film Co., Ltd
13.6 Impak Films US LLC
13.7 Jiangsu Shuangxing
13.8 Jindal Poly Films Ltd.
13.9 Kolon Industries, Inc.
13.10 Mitsubishi Polyester Film, Inc.
13.11 Nanjing Lanpucheng
13.12 Polinas Corporate
13.13 Polyplex Corporation Ltd.
13.14 SRF Limited
13.15 Sumilon Polyester Ltd.
13.16 Toray Plastics (America), Inc
13.17 Toyobo Co., Ltd.
13.18 Zhejiang cifu group
List of Tables
Table 1 Global Polyester Films Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Polyester Films Market Outlook, By Product Type (2021-2030) ($MN)
Table 3 Global Polyester Films Market Outlook, By <15 microns Polyester Film (2021-2030) ($MN)
Table 4 Global Polyester Films Market Outlook, By 15-30 microns Polyester Film (2021-2030) ($MN)
Table 5 Global Polyester Films Market Outlook, By 30-60 microns Polyester Film (2021-2030) ($MN)
Table 6 Global Polyester Films Market Outlook, By >60 microns Polyester Film (2021-2030) ($MN)
Table 7 Global Polyester Films Market Outlook, By Other Product Types (2021-2030) ($MN)
Table 8 Global Polyester Films Market Outlook, By Type (2021-2030) ($MN)
Table 9 Global Polyester Films Market Outlook, By Biaxially Oriented (2021-2030) ($MN)
Table 10 Global Polyester Films Market Outlook, By Bubble Extruded (2021-2030) ($MN)
Table 11 Global Polyester Films Market Outlook, By Other Types (2021-2030) ($MN)
Table 12 Global Polyester Films Market Outlook, By Film (2021-2030) ($MN)
Table 13 Global Polyester Films Market Outlook, By Modified Coefficient of Friction (COF) (2021-2030) ($MN)
Table 14 Global Polyester Films Market Outlook, By Matte (2021-2030) ($MN)
Table 15 Global Polyester Films Market Outlook, By Adhesive Treated (2021-2030) ($MN)
Table 16 Global Polyester Films Market Outlook, By Siliconized Release (2021-2030) ($MN)
Table 17 Global Polyester Films Market Outlook, By UV Stabilized (2021-2030) ($MN)
Table 18 Global Polyester Films Market Outlook, By Other Films (2021-2030) ($MN)
Table 19 Global Polyester Films Market Outlook, By Thickness (2021-2030) ($MN)
Table 20 Global Polyester Films Market Outlook, By <50 microns (2021-2030) ($MN)
Table 21 Global Polyester Films Market Outlook, By 51-100 microns (2021-2030) ($MN)
Table 22 Global Polyester Films Market Outlook, By 101-150 microns (2021-2030) ($MN)
Table 23 Global Polyester Films Market Outlook, By 151-200 microns (2021-2030) ($MN)
Table 24 Global Polyester Films Market Outlook, By 201-250 microns (2021-2030) ($MN)
Table 25 Global Polyester Films Market Outlook, By >250 microns (2021-2030) ($MN)
Table 26 Global Polyester Films Market Outlook, By Other Thicknesses (2021-2030) ($MN)
Table 27 Global Polyester Films Market Outlook, By Application (2021-2030) ($MN)
Table 28 Global Polyester Films Market Outlook, By Packaging (2021-2030) ($MN)
Table 29 Global Polyester Films Market Outlook, By Imaging (2021-2030) ($MN)
Table 30 Global Polyester Films Market Outlook, By Thermal Lamination (2021-2030) ($MN)
Table 31 Global Polyester Films Market Outlook, By Other Applications (2021-2030) ($MN)
Table 32 Global Polyester Films Market Outlook, By End User (2021-2030) ($MN)
Table 33 Global Polyester Films Market Outlook, By Food and Beverage (2021-2030) ($MN)
Table 34 Global Polyester Films Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
Table 35 Global Polyester Films Market Outlook, By Renewable Energy (2021-2030) ($MN)
Table 36 Global Polyester Films Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 37 Global Polyester Films Market Outlook, By Pharmaceutical (2021-2030) ($MN)
Table 38 Global Polyester Films Market Outlook, By Manufacturing (2021-2030) ($MN)
Table 39 Global Polyester Films Market Outlook, By Bakery (2021-2030) ($MN)
Table 40 Global Polyester Films Market Outlook, By Fruits and Salads (2021-2030) ($MN)
Table 41 Global Polyester Films Market Outlook, By Automotive (2021-2030) ($MN)
Table 42 Global Polyester Films Market Outlook, By Baby Food (2021-2030) ($MN)
Table 43 Global Polyester Films Market Outlook, By Liquids (2021-2030) ($MN)
Table 44 Global Polyester Films Market Outlook, By Instant Food (2021-2030) ($MN)
Table 45 Global Polyester Films Market Outlook, By Confectionery (2021-2030) ($MN)
Table 46 Global Polyester Films Market Outlook, By Personal Care & Cosmetics (2021-2030) ($MN)
Table 47 Global Polyester Films Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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