PET Film Market Demand, Supply & Growth Trends | US$ 66.9 Million by 2031 - CS Hyde Company, Lumirror, Polyplex Corporation Ltd., Hengli Group, Jiangsu Yuxing Films Technology Co., Ltd., Sealed Air Corporation

Latest Research Report on Pet Film Market

Pet Film Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global PET Films Market reached US$ 43.1 billion in 2023 and is expected to reach US$ 66.9 million by 2031, growing with a CAGR of 5.8% during the forecast period 2024-2031.

PET film (Polyethylene Terephthalate film) is a strong, transparent, and flexible polyester material widely used in packaging, electrical insulation, and industrial applications. It offers excellent chemical resistance, thermal stability, and mechanical strength, making it ideal for food packaging, solar panels, and protective coatings. PET film is also recyclable, contributing to sustainable material solutions.

List of the Key Players in the Pet Film Market:

CS Hyde Company, Lumirror, Polyplex Corporation Ltd., Hengli Group, Jiangsu Yuxing Films Technology Co., Ltd., Sealed Air Corporation, Avient Corporation, DowDuPont, UFLEX and Xpro India Ltd.

Industry Development:

In February 2023, UFlex introduced F-TFE Thermoformable BOPET film, a transparent, mono or co-extruded biaxially-oriented polyethylene terephthalate (BOPET) film designed for thermoforming applications requiring deep formation.

In August 2023, a leading dairy company in China, in collaboration with Dow Chemical Company, announced the launch of an all-polyethylene (PE) film pouch for yogurt. This innovative packaging is fully recyclable, aligning with sustainability goals in the dairy industry.

In April 2023, ITC Savlon, a major FMCG brand, unveiled sustainable packaging for its soap products. The new soap wrapper is now made from PET film containing 70% recycled material, reinforcing the company's commitment to eco-friendly packaging solutions.

Growth Forecast Projected:

The Global Pet Film Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Pet Film Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Pet Film Market:

By Type: Conventional PET Film, Shrink PET Film, Isotropic PET Film, Others

By Thickness: Very Thin Film (Less than 20 Microns), Thin Film (20 to 50 Microns), Thick Film (More than 50 Microns

By Application: Packaging, Imaging, Lamination, Others

By End-User: Food and Beverage, Electrical and Electronics, Pharmaceutical, Cosmetics, Others

Regional Analysis for Pet Film Market:

The regional analysis of the Pet Film Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Pet Film market?

➠ Who are the leading manufacturers in the global Pet Film industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Pet Film industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Pet Film market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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