Reports and Data estimates the global BOPET competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2030 as the forecast period. The report offers CAGR and market size for the global BOPET during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Polyplex Corporation Ltd., Toyobo Co., Ltd., Kolon Industries, Inc., HuanYuan Plastic Film Co., Ltd, Ester Industries Ltd., Sumilon Polyester Ltd., Toray Plastics (America), Inc., Cosmo Films Ltd., Impak Films US LLC., and UFlex Limited.

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BOPET Overview :-

The global BOPET market size was USD 38.58 Billion in 2021 and is expected to register a revenue CAGR of 6.3% during the forecast period. The surge in demand for BOPETs from the food and beverage industry is the key factor driving the market revenue growth. Polyester or PET film is a clear, robust, and lightweight plastic commonly used in the packaging of foods and beverages, particularly soft drinks, water, alchoholic drinks, edible oils, and juices. Other than these, PET films are also used to pack peanut butter, salad sauces, mouthwashes, cooking oils, shampoos, window cleaning, liquid hand soaps, household cleaners, tennis balls, and others. The U.S. Food and Drug Administration (FDA) and other health-safety agencies around the world have approved PET for contact with foods and beverages. PET is becoming the world's preferred packaging material for foods and beverages due to its excellent properties. In addition, PET films are gaining demand due to their usage in various industrial applications as an insulation medium. Polyester is a high-performance thermoplastic made up of ethylene glycol and dimethyl terephthalate. In terms of high tensile strength, dimensional stability, high-temperature resistance and thermal and electrical insulation, chemical resistance, moisture absorption, thermal stability, and physical property retention across a wide temperature range, PET film exceeds traditional plastic films. It also has good UV resistance, high gloss, good gas barrier capabilities, improved optical clarity, and moisture resistance characteristics. It is perfect for high-performance plastic sheets and films, and also high-quality lamination and printing. It has a rather high melting point, making it suitable for sterilizing at high temperatures.

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For the purpose of this report Reports and Data has segmented global BOPET market on the basis of type, application, and region:

By Product Type Outlook            

• <15 microns BOPET
• 15-30 microns BOPET
• 30-60 microns BOPET
• >60 microns BOPET

By Application Outlook                 

• Packaging
• Imaging
• Lamination
• Others

By End-Use Outlook      

• Food and Beverage
• Electrical and Electronics
• Pharmaceutical
• Cosmetics
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

• What is the expected year-on-year growth of the BOPET during the forecast period?
• What key trends are expected influence revenue growth of the market going ahead?
• Which region is expected to account for largest revenue share over the forecast period?
• Which key companies are profiled in the report?

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