Biaxially Oriented Polyethylene Terephthalate (BOPET) Films Market to Hit USD 28.4 Billion by 2032, Driven by 6.1% CAGR

Biaxially Oriented Polyethylene Terephthalate (BOPET) Films Market Expands with Rising Demand for Lightweight, Durable, and Recyclable Packaging Solutions.

AUSTIN, TX, UNITED STATES, February 4, 2025 /EINPresswire.com/ -- The Biaxially Oriented Polyethylene Terephthalate (BOPET) Films Market size was valued at USD 16.7 billion in 2023 and is projected to reach USD 28.4 billion by 2032, growing at a CAGR of 6.1% during the forecast period 2024-2032.

BOPET films are being used in the electronics industry for applications like flexible displaysinsulation materials, and solar components which drive market growth.

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BOPET films are in high demand, and the key driver for this market is the significant use of these films in the packaging industry.

With excellent properties including high tensile strength, good dimensional stability, and barrier properties to gases and moisture, they are almost ideal for packing perishable goods to prolong shelf life and quality.

BOPET films are increasingly utilized in the electronics sector due to their thermal stability and electrical insulation properties. They are key elements in flexible printed circuits, capacitors, and display screens, enabling the miniaturization and improved functionality of electronic devices.

In addition, the growing demand for sustainable and recyclable materials has resulted in increased adoption of BOPET films. From a business perspective, bio-sourced plastics have established themselves as an ideal product in a wide range of industries, as their recyclability and lower environmental impact relative to other plastics contribute to global sustainability goals.

Key Players: 

• DuPont Teijin Films U.S. Limited (Mylar, Melinex, Kaladex)
• Ester Industries Limited (BOPET Films, Specialty Polyester Films, Metalized Films)
• Fatra A.S. (BOPET Packaging Films, Technical BOPET Films, Metallized Films)
• Fuwei Films (Holdings) Co., Ltd. (High Gloss Films, Heat Sealable Films, Matte Films)
• Garware Polyester Ltd (Garfilm, Suncontrol Films, Laminating Films)
• Jiangsu Xingye Polytech Co., Ltd. (Packaging Films, Electrical Insulation Films, Optical Films)
• Jindal Poly Films Ltd. (BOPET Films, Metallized Films, Coated Films)
• Kolon Industries, Inc. (SHINYLITE, KOLON Films, Clear Films)
• Mitsubishi Polyester Film, Inc. (Hostaphan, Diafoil, Lumirror)
• POLİNAS Plastik Sanayi ve Ticaret A.S. (Polinas BOPET Films, Metallized Films, Barrier Films)
• Polyplex Corporation Ltd. (Sarafil, Saracote, Saralam)
• RETAL Industries Ltd. (RETAL BOPET Films, RETAL Metallized Films, RETAL Barrier Films)
• SRF Limited (PET Films, Lumirror, Electrical Insulation Films)
• Sumilon Industries Ltd. (Sumilon BOPET Films, Metallized Films, Coated Films)
• Terphane LLC (Terphane Films, Sealphane, Barrier Films)
• Toray Plastics (America), Inc. (Lumirror, Torayfan, Barrialox)
• Uflex Ltd. (Flexpet, Flexmetpro, Flexfresh)
• Futamura Chemical Co. Ltd. (OPET Films, Matte Films, Barrier Films)
• TOYOBO CO. LTD. (Cosmolight, Toyobo BOPET Films, Clear Films)

Segmental Analysis

By Product Type
• Thin Films
• Thick Films

In 2023, the BOPET films market was led by thin films, which held around 70% of the share. These films are widely used in flexible packaging and labeling applications due to their low cost and excellent mechanical properties. The flexible packaging segment is also estimated as the largest segment in the flexible electronics market due to the increasing demand in consumer goods, food, and e-commerce applications.

By Thickness
• Below 15 Micron
• 15-30 Micron
• 30-50 Micron
• Above 50 Micron

Below 15 Micron held a significant market share in 2023, favored for lightweight and durable packaging solutions. Thin BOPET films offer excellent barrier properties, making them ideal for food and consumer goods packaging. The trend towards lightweight, eco-friendly packaging solutions has strengthened the demand for this thickness category.

By Application
• Labels
• Tapes
• Wraps
• Bags & Pouches
• Laminates
• Others

The Labels segment held the largest share of 31% of the Biaxially Oriented Polyethylene Terephthalate (BOPET) films market in 2023, which can be attributed to the increasing demand for high-performance labels. In the BOPET films, this is known for superior printability, durability, and barrier to moisture and chemicals, making it suitable for a variety of labeling applications. The growth of this segment is mainly driven by high demand for new and improved packing and labeling solutions across various industries such as food and beverages, cosmetics, and electronics. More brands are embracing BOPET films for labels because of their resistance to moisture and UV light and their eye-catching aesthetics. In addition, the increasing trend for personalization and customization in product packaging has also driven demand for versatile BOPET films in label forms as the substrate can easily be printed either with bright colors or designs.

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By End-Use Industry
• Food and Beverages
• Cosmetics & Personal Care
• Electrical & Electronics
• Pharmaceuticals
• Others

In 2023, the Biaxially Oriented Polyethylene Terephthalate (BOPET) films market was dominated by the Food and Beverages industry, accounting for 42% of the market share which indicates the importance of BOPET films in the modern food packaging solutions. Thanks to their superior barrier properties, BOPET films in this sector help protect food products from moisture, oxygen, and light, extending shelf life and maintaining product quality. The rising trend of consumer inclination toward convenient, ready-to-eat, & packaged food products has spurred the need for efficient & effective packaging solutions.

Regional Analysis

The Asia-Pacific region held the largest market share of the Biaxially Oriented Polyethylene Terephthalate (BOPET) films in 2023, with an estimated share of around 38.3%. Rapid growth in the packaging industry, especially in emerging economies including China, India,  and Japan, is responsible for the region's growth. China, being the dominant BOPET films producer and consumer, has been observing the fastest growth in demand for flexible packaging solutions with the rapid development of the e-commerce services and consumer markets. China has also leveraged its manufacturing technology and large infrastructure base to maintain a position as a dominant supplier of BOPET films. With a growing middle class and urbanization leading to rising demand for packaged food and beverages, India particular has established itself as a regional leader. Further, implementation of sustainable packaging solution initiatives promotes the growth of the BOPET films market, since manufacturers are producing recyclable BOPET films with optimal barrier properties.

Recent Developments

• April 2023: Polyplex Corporation Ltd. initiated a new BOPET film line, enhancing its market position and addressing the rising demand in the flexible packaging sector.
• April 2023: ITC Savlon, a prominent FMCG company, launched sustainable packaging for its soap products, utilizing PET film containing up to 70% recycled content, reflecting a growing trend towards eco-friendly packaging solutions.

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