Global Polyester Film Market 2022-2030

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    GLOBAL POLYESTER FILM MARKET

     

    INTRODUCTION

    The 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.

     

    infographic: Polyester Film Market, Polyester Film Market Size, Polyester Film Market Trends, Polyester Film Market Forecast, Polyester Film Market Risks, Polyester Film Market Report, Polyester Film Market Share

     

    Additionally, it offers excellent gas barrier qualities, high gloss, outstanding UV resistance, increased optical clarity, and moisture resistance traits.

     

    POLYESTER FILM MARKET DEVELOPMENTS AND INNOVATIONS

    PET film is the ideal material for both food-related and non-food applications. Printed films, protective coatings like solar and safety window films, release films, transformer insulation films, flexible printed circuits, plastic wrap, microwave and medical packaging, tape backing, plastic wrap, and plastic cards are among the most frequently used materials.

     

    PET is also used as an odour-blocking barrier film (e.g. tobacco and coffee packaging). The barrier against oxygen, water vapour, and scent loss is improved by metallization of this sort of coating through vapour deposition of metals.

     

    Due to their excellent chemical resistance, mild odour, and inertness, many PET grades are FDA-approved for packaging applications. PET films are available in two different thicknesses made of polyester.

     

    Metallic polyester ultra-high barrier film “F-UHB-M” from Flex Films will be introduced as a replacement for aluminum foil. The innovative, patented BOPET high barrier film F-UHB-M, developed by UFlex’s worldwide film production division to replace aluminum foil in flexible packaging applications, is about to be released.

     

    F-UHB-M, which will be produced in Flex Films’ Kentucky facility and distributed globally, responds to the needs of the Converting Industry, which has relied on aluminum foil for packaging for a long time despite a number of its drawbacks, including its scarcity, high cost, fragility, propensity for pinhole formation while in use, and difficulty in recycling.

     

    For the printing and casting industries, Coveme has introduced its first release films made of polyester. The Kemafoil KTR Transfer release films from Coveme are made for flocking, flocking systems, screen and digital print, and image transferring.

     

    In various procedures and conditions, KTR films provide highly effective print and release properties. Their final use is employed in Printed Electronics, Workwear, Automotive, Fashion and Sports Apparel, and Product Merchandising.

     

    POLYESTER FILM MARKET DYNAMICS

    The capacity for producing polyester film at Mitsubishi Polyester Film GmbH, a subsidiary of Mitsubishi Chemical Corporation, has increased. MCC has now made three investments in the worldwide polyester film market.

     

    It comes after the launch of a new production line in South Carolina, USA, and the anticipated start-up of a new production line in Jakarta, Indonesia. The new production line, which will be outfitted with the most up-to-date energy-saving technology, aims to increase production capacity while lowering CO2 emissions for the entire operation.

     

    COMPETITIVE LANDSCAPE

    The primary driver of the market revenue growth is the spike in demand for polyester films from the food and beverage industry. Polyester, often known as PET film, is a transparent, durable, and light material that is frequently used in the packaging of foods and beverages, especially juices, soft drinks, alcohol, water, and other alcoholic beverages.

     

    In addition to these, peanut butter, salad dressings, mouthwashes, cooking oils, shampoos, window cleaners, liquid hand soaps, home cleansers, tennis balls, and other items are also packaged using PET films.

     

    Toray Industries is a leading mobiliser of the equipment in the market. The latest integration has been the The combination of mechanical strength, electrical characteristics, high & low temperature resistance, and chemical resistance found in Lumirror is unmatched by any other film.

     

    Toray in Japan first commercially manufactured biaxial oriented polyester film known as Lumirror. It is utilised all around the world in a wide range of applications, including packaging, magnetic, and industrial specialty.

     

    Mondi Group is part of the component manufacture trending companies in the current industry. These films’ use of renewable biopolymers can help packaging become less energy-intensive and less dependent on fossil fuels.

     

    Such biopolymers can be made using resources from plants like sugarcane or food waste. The qualities of the packaging film or laminate, including process ability, optical performance, scalability, barrier, and mechanical capabilities, are not altered by the use of drop-in biopolymers.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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