North America Holds the Largest Share in Polyester Film Market Till 2030 | Reports and Data
Reports
and Data estimates the global Polyester Film 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 Polyester Film 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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Polyester Film Overview :-
The
global polyester film 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 polyester films 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 Polyester Film market on the basis of
type, application, and region:
By Product Type Outlook
·
<15 microns Polyester Film
·
15-30 microns Polyester Film
·
30-60 microns Polyester Film
·
>60 microns Polyester Film
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 Polyester Film 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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