Growing demand from the food & beverage industry is one of the significant factors influencing the market growth.

The global PET Film Market is expected to reach USD 66.91 Billion by 2030, according to a new report by Reports and Data. The growth of the market is attributed to the growing application of PET films amongst the end-user industries.

PET films find widespread application as a lamination substrate, as it offers exceptional durability, oxygen barrier, and heat resistance. Also, when laminated on other specific materials, it provides a robust UV protection and water barrier. PET films are considered safe for the packaging of food products as compared to other conventional materials. It is less susceptible to contamination, along with pilferage, thereby increasing the shelf-life of food products. PET films offer an aesthetic appeal to the food items and are beneficial for branding purposes. Moreover, films made from PET can be recycled and reused.

 Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/2778

Top Leading Players in The Global PET Film Market Are:

Mitsubishi PET Films Inc., Polyplex Corporation, Toyobo Co. Ltd., Kolon Industries, HuanYuan Plastic Film Co. Ltd., Ester Industries Ltd., Sumilon PET Ltd., Toray Plastics, Cosmo Films Ltd., and Impak Films USA, among others.

Further key findings from the report suggest:

• By product type, packaging application contributed to the largest market share in 2018 and is projected to grow at a rate of 7.2% in the forecast period. The PET films are utilized to produce food containers and beverage bottles, among others. PET is the most commonly used plastic material for thermoforming packaging designs owing to its high-strength barrier that can provide better resistance to outside tampering or other elements.
• By industry vertical, the pharmaceutical industry is projected to grow at the fastest rate of 8.1% in the forecast period. PET is a para-crystalline material that provides an excellent barrier, printability, clarity, and hardness properties. Film-forming and orientation of PET augments for the making of thin profile webs with exceptional properties for implementation in flexible packaging.
• The market in the North American region held the second-largest market share in 2018 and is forecasted to witness a growth rate of 6.7% in the forecast period. The market dominance of this region may be attributed to shifting consumer preferences and an increase in demand from the end-use industries.

Segments covered in the report:

Type Outlook (Revenue, USD Billion; 2019-2030)

• Biaxially Oriented
• Bubble Extruded

Product Type Outlook (Revenue, USD Billion; 2019-2030)

• <15 microns PET Film
• 15-30 microns PET Film
• 30-60 microns PET Film
• >60 microns PET Film

Application Outlook (Revenue, USD Billion; 2019-2030)

• Packaging
• Imaging
• Lamination
• Others

End-Use Outlook (Revenue, USD Billion; 2019-2030)

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

Ask for Customize Research Report: https://www.reportsanddata.com/request-customization-form/2778

PET Film Market Upcoming Growth:

The PET film market is expected to witness significant growth in the upcoming years due to the increasing demand from various industries such as packaging, electrical & electronics, and automotive. PET films offer high strength, excellent dimensional stability, and resistance to moisture and chemicals, making them a popular choice for a wide range of applications.

The packaging industry is one of the major end-users of PET films. The growing demand for packaged food and consumer goods, along with the increasing adoption of flexible packaging, is expected to drive the growth of the PET film market. Moreover, the increasing demand for sustainable and eco-friendly packaging materials is also anticipated to drive the growth of the market.

In addition, the growing demand for electronic products, such as smartphones, laptops, and tablets, is expected to drive the demand for PET films in the electrical & electronics industry. PET films are used in various applications such as insulation, flexible printed circuit boards, and displays, among others.

Furthermore, the increasing demand for lightweight and fuel-efficient vehicles is expected to drive the growth of the PET film market in the automotive industry. PET films are used in various applications such as laminated windshields, sunroofs, and interior trims, among others.

Overall, with the increasing demand from various end-use industries and the superior properties of PET films, the PET film market is expected to experience significant growth in the upcoming years.

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

Browse More Related Research Reports:

Deck Machinery Market https://www.reportsanddata.com/report-detail/deck-machinery-market

Cellulose Gum/CMC Market https://www.reportsanddata.com/report-detail/cellulose-gum-cmc-market

Advanced Ceramics Market https://www.reportsanddata.com/report-detail/advanced-ceramics-market

Release Agents Market https://www.reportsanddata.com/report-detail/release-agents-market

Alpha-Amylase Baking Enzyme Market https://www.reportsanddata.com/report-detail/alpha-amylase-baking-enzyme-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights

Read the innovative blog at https://www.reportsanddata.com/blogs

Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports