Increasing demand for BOPET films driven by packaging industry, Asia Pacific leading market
From GlobeNewswire: 2025-03-26 21:30:00
The BOPET Films Market is projected to reach $13.22 billion by 2029 with a CAGR of 4.7%, driven by the packaging industry’s need for strong barrier properties. Thin BOPET films lead the market due to their use in flexible packaging and electronics. Asia Pacific holds the largest market share due to growing industries and government support.
Key players in the market include Toray Industries, UFlex Limited, Polyplex, and SRF Limited. Drivers include the rising e-commerce industry and opportunities for innovation in BOPET films. Challenges include the absence of a recycling infrastructure, while thick BOPET films account for a significant share in the market.
The BOPET Films Market is segmented by application into packaging, electrical & electronics, imaging, and other applications with packaging being the largest segment. The end-use industry breakdown includes food & beverage, personal care & cosmetics, pharmaceuticals, and electrical & electronics. The market is also segmented by region with Asia Pacific leading in market share.
In conclusion, the BOPET Films Market is expected to grow due to the increasing demand for recyclable packaging and the rise of e-commerce. Thin BOPET films are popular for their barrier protection and versatility in various applications, driving market expansion. Asia Pacific’s dominance is fueled by the region’s growing industries and supportive government policies.
Read more at GlobeNewswire: BOPET Films Market worth $13.22 Billion in 2029, at a 4.7%,