Polyester Film Market by Type (Biaxially oriented, thermal film, metalized film, holographic film, UV stabilized, matte film, barrier film), Application (packaging, electrical insulation, imaging), End Use Industry, and Region - Global forecast to 2028
Asia Pacific, North America, Europe, Middle East & Africa, and South America
The Polyester Film Market is projected to reach USD 44.2 Billion by 2028, at a CAGR of 6.2% from USD 32.7 Billion in 2023. Polyester film is a versatile and lightweight packaging material that is increasingly being used in a variety of industries, including food and beverage, pharmaceuticals, and consumer goods. The growing demand for flexible packaging solutions is expected to fuel the growth of the polyester film market in the coming years. Flexible packaging is convenient for consumers to use and store, and it is also lightweight and easy to transport, making it a good choice for manufacturers and retailers. Flexible packaging can be a more sustainable packaging solution than rigid packaging materials, such as glass and metal, as it is often made from recyclable materials and takes less energy to produce and transport. The flexible packaging industry is constantly innovating to develop new and improved packaging solutions, and polyester film is a popular choice for flexible packaging applications due to its versatility, durability, and good barrier properties.
"Food and beverage, by End use industry, accounts for the second-largest market share in 2022."
Polyester film is a favored material in the food and beverage packaging industry due to its lightweight, durability, versatility, and excellent barrier properties. It serves a wide range of applications, including packaging for snacks, candy, bread, meat, cheese, and frozen foods. Its ability to protect these products from moisture, oxygen, and contamination contributes to their freshness and quality. Moreover, polyester film is adaptable to various packaging formats and can be printed with high-quality graphics, enhancing its appeal. Beyond these applications, it remains a versatile and reliable choice for diverse food and beverage packaging needs, while also playing a role in innovative packaging solutions, including sustainability initiatives and the development of active and smart packaging systems.
"UV Stabilized film is expected to be the fastest growing at CAGR 5.7% for polyester film market during the forecast period, in terms of value."
The remarkable growth of UV stabilized films within the polyester films industry can be attributed to several compelling factors. These films have found prominence in outdoor applications due to their ability to withstand prolonged exposure to damaging UV radiation, making them indispensable for outdoor signage, banners, agriculture, and protective coverings. Their outstanding durability, resisting yellowing and embrittlement, caters to industries where long-term performance is paramount, such as construction, automotive, and packaging.
"Based on region, North America was the second largest market for polyester film market in 2022."
North America serves as the second-largest market for polyester films for several key reasons. Firstly, North America has a diverse and established industrial base, which encompasses a wide range of industries such as packaging, electronics, automotive, and construction. These sectors often rely on polyester films for their various applications. Secondly, there's a growing demand for flexible and sustainable packaging solutions in the North American market, which has bolstered the use of polyester films in packaging applications. Moreover, innovations in the electronics and automotive industries, where polyester films are used in components and insulation, have contributed to market growth. Additionally, the region's focus on sustainability and recyclability aligns well with the eco-friendly nature of polyester films, driving their usage in various applications. Finally, technological advancements and research and development initiatives have led to the expansion of the polyester film market in North America, making it the second-largest market for this versatile material.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees is as follows:
By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C-Level - 20%, Director Level - 10%, and Others - 70%
By Region: North America - 20%, Europe -30%, Asia Pacific - 30%, Middle East & Africa - 10%, and South America-10%
The key players in this market include DuPont Teijin Films (US), TORAY INDUSTRIES, INC. (Japan), Mitsubishi Polyester Film GmbH (Germany), Kolon Industries, Inc. (South Korea), Ester Industries Limited (India), Jindal Films Limited (India), Terphane LLC (US), TOYOBO CO. LTD.,(Japan), Polyplex Corporation Limited (India).
Research Coverage
This report segments the market for the thermoplastic polyolefin material market on the basis of type, application, and region. It provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for the thermoplastic polyolefin material market.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the thermoplastic polyolefin material market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of key drivers: Increasing demand for advanced technologies, Energy Efficiency and Sustainability.
Market Penetration: Comprehensive information on the Polyurethane catalyst market offered by top players in the global Polyurethane catalyst market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Polyurethane catalyst market.
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for the Polyurethane catalyst market across regions.
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global Polyurethane catalyst market.
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the Polyurethane catalyst market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 POLYESTER FILM MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 POLYESTER FILM MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews - Top polyester film manufacturers
2.1.2.2 Breakdown of primary interviews
2.1.2.3 Key industry insights
2.2 BASE NUMBER CALCULATION
2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
2.2.2 APPROACH 2: DEMAND-SIDE ANALYSIS
2.3 FORECAST NUMBER CALCULATION
2.3.1 SUPPLY SIDE
2.3.2 DEMAND SIDE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.5 DATA TRIANGULATION
FIGURE 3 POLYESTER FILM MARKET: DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 IMPACT OF RECESSION
3 EXECUTIVE SUMMARY
FIGURE 4 BIAXIALLY-ORIENTED FILMS TO LEAD POLYESTER FILM MARKET BETWEEN 2023 AND 2028
FIGURE 5 <50 MICRONS THICKNESS SEGMENT TO LEAD POLYESTER FILM MARKET BETWEEN 2023 AND 2028
FIGURE 6 PACKAGING APPLICATION TO LEAD POLYESTER FILM MARKET DURING FORECAST PERIOD
FIGURE 7 ELECTRICAL & ELECTRONICS SEGMENT TO LEAD POLYESTER FILM MARKET DURING FORECAST PERIOD
FIGURE 8 ASIA PACIFIC DOMINATES POLYESTER FILM MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN POLYESTER FILM MARKET
FIGURE 9 EXPANSION OF PACKAGING INDUSTRY COUPLED WITH GROWTH OF PHARMACEUTICAL & HEALTHCARE SECTORS TO DRIVE MARKET
4.2 POLYESTER FILM MARKET, BY TYPE
FIGURE 10 BIAXIALLY-ORIENTED FILMS TO BE FASTEST-GROWING TYPE SEGMENT DURING FORECAST PERIOD
4.3 POLYESTER FILM MARKET, BY REGION
FIGURE 11 ASIA PACIFIC TO BE FASTEST-GROWING POLYESTER FILM MARKET DURING FORECAST PERIOD
4.4 POLYESTER FILM MARKET, BY THICKNESS
FIGURE 12 <50 MICRONS THICKNESS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
4.5 POLYESTER FILM MARKET, BY APPLICATION
FIGURE 13 PACKAGING TO BE FASTEST-GROWING APPLICATION DURING FORECAST PERIOD
4.6 POLYESTER FILM MARKET, BY END-USE INDUSTRY
FIGURE 14 ELECTRICAL & ELECTRONICS TO BE FASTEST-GROWING END-USE INDUSTRY SEGMENT DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN POLYESTER FILM MARKET
5.2.1 DRIVERS
5.2.1.1 Growing packaging industry
5.2.1.2 E-commerce boom in recent years
5.2.1.3 Expanding landscape of pharmaceutical and healthcare industries
5.2.2 RESTRAINTS
5.2.2.1 Growing environmental concerns about plastic waste
5.2.2.2 Availability of alternatives
5.2.3 OPPORTUNITIES
5.2.3.1 Recycling and circular economy
5.2.3.2 Sustainable packaging
5.2.4 CHALLENGES
5.2.4.1 Overcoming recycling-related issues
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
6.2.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR POLYESTER FILM MANUFACTURERS
FIGURE 16 REVENUE SHIFT OF POLYESTER FILM MARKET
6.3 VALUE CHAIN ANALYSIS
FIGURE 17 OVERVIEW OF POLYESTER FILM MARKET VALUE CHAIN
6.3.1 RAW MATERIAL SUPPLIERS
6.3.2 POLYESTER RESIN MANUFACTURING
6.3.3 POLYESTER FILM MANUFACTURING
6.3.4 DISTRIBUTION
6.3.5 END-USE INDUSTRIES
6.4 PRICING ANALYSIS
6.4.1 AVERAGE SELLING PRICE TREND, BY REGION
TABLE 1 AVERAGE SELLING PRICE, BY REGION, 2019-2028 (USD/TON)
FIGURE 18 POLYESTER FILM MARKET: AVERAGE SELLING PRICE TREND, BY REGION
6.4.2 AVERAGE SELLING PRICE TREND, BY TYPE
TABLE 2 AVERAGE SELLING PRICE, BY TYPE, 2019-2028 (USD/TON)
6.4.3 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 TYPES
TABLE 3 AVERAGE SELLING PRICE, BY TOP 3 TYPES, 2019-2028 (USD/TON)
FIGURE 19 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 TYPES
6.5 ECOSYSTEM MAPPING
TABLE 4 POLYESTER FILM MARKET: ECOSYSTEM
6.6 TECHNOLOGY ANALYSIS
TABLE 5 KEY TECHNOLOGIES OFFERED IN POLYESTER FILM MARKET
TABLE 6 COMPLEMENTARY TECHNOLOGIES OFFERED IN POLYESTER FILM MARKET
TABLE 7 ADJACENT TECHNOLOGIES OFFERED FOR POLYESTER FILM
6.7 PATENT ANALYSIS
6.7.1 METHODOLOGY
6.7.2 PATENTS GRANTED WORLDWIDE, 2014-2023
TABLE 8 TOTAL NUMBER OF PATENTS
6.7.2.1 Publication trends over last ten years
FIGURE 20 NUMBER OF PATENTS GRANTED OVER LAST 10 YEARS
6.7.3 INSIGHTS
6.7.4 LEGAL STATUS OF PATENTS
FIGURE 21 PATENT ANALYSIS, BY LEGAL STATUS
6.7.5 JURISDICTION ANALYSIS
FIGURE 22 REGIONAL ANALYSIS OF PATENT GRANTED FOR POLYESTER FILM MARKET, 2023
6.7.6 TOP COMPANIES/APPLICANTS
FIGURE 23 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS IN LAST TEN YEARS
TABLE 9 LIST OF MAJOR PATENT OWNERS FOR POLYESTER FILM
6.7.7 LIST OF MAJOR PATENTS
TABLE 10 MAJOR PATENTS FOR POLYESTER FILM
6.8 TRADE ANALYSIS
6.8.1 IMPORT SCENARIO
FIGURE 24 IMPORT OF POLYESTER FILM, BY COUNTRY, 2019-2022 (USD MILLION)
6.8.2 EXPORT SCENARIO
FIGURE 25 EXPORT OF POLYESTER FILM, BY COUNTRY, 2019-2022 (USD MILLION)
6.9 KEY CONFERENCES & EVENTS, 2023-2024
TABLE 11 POLYESTER FILM MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
6.10 TARIFF & REGULATORY LANDSCAPE
6.10.1 TARIFF AND REGULATIONS RELATED TO POLYESTER FILM
TABLE 12 TARIFFS RELATED TO POLYESTER FILM MARKET
6.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.10.3 REGULATIONS RELATED TO POLYESTER FILM MARKET
TABLE 18 NORTH AMERICA: LIST OF REGULATIONS FOR POLYESTER FILM MARKET
TABLE 19 EUROPE: LIST OF REGULATIONS FOR POLYESTER FILM MARKET
TABLE 20 ASIA PACIFIC: LIST OF REGULATIONS FOR POLYESTER FILM MARKET
6.11 PORTER'S FIVE FORCES ANALYSIS
TABLE 21 IMPACT OF PORTER'S FIVE FORCES ON POLYESTER FILM MARKET
FIGURE 26 PORTER'S FIVE FORCES ANALYSIS: POLYESTER FILM MARKET
6.11.1 THREAT OF NEW ENTRANTS
6.11.2 THREAT OF SUBSTITUTES
6.11.3 BARGAINING POWER OF SUPPLIERS
6.11.4 BARGAINING POWER OF BUYERS
6.11.5 INTENSITY OF COMPETITIVE RIVALRY
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP FIVE APPLICATIONS
TABLE 22 INFLUENCE OF INSTITUTIONAL BUYERS ON BUYING PROCESS FOR TOP FIVE APPLICATIONS
6.12.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR APPLICATIONS
TABLE 23 KEY BUYING CRITERIA FOR APPLICATIONS
6.13 MACROECONOMIC INDICATORS
6.13.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
TABLE 24 GDP TRENDS AND FORECASTS, BY KEY COUNTRY, 2019-2028 (USD MILLION)
6.14 CASE STUDY
6.14.1 USE OF RECYCLED POLYESTER IN DIFFERENT APPLICATIONS
6.14.2 DETERMINING PURITY OF POLYESTER FILMS FOR USE IN ENCAPSULATION OF COLLECTION MATERIALS
6.14.3 EVALUATION OF INDIGENOUSLY MANUFACTURED GARFILM-EM-250 µM THICK POLYESTER FILM AS DOSIMETER FOR HIGH DOSE APPLICATIONS
7 POLYESTER FILM MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 29 BIAXIALLY-ORIENTED FILMS TO LEAD MARKET DURING FORECAST PERIOD
TABLE 25 POLYESTER FILM MARKET, BY TYPE, 2019-2022 (USD MILLION)
TABLE 26 POLYESTER FILM MARKET, BY TYPE, 2023-2028 (USD MILLION)
TABLE 27 POLYESTER FILM MARKET, BY TYPE, 2019-2022 (KILOTON)
TABLE 28 POLYESTER FILM MARKET, BY TYPE, 2023-2028 (KILOTON)
7.2 BIAXIALLY-ORIENTED FILMS
7.2.1 SUPERIOR DIMENSIONAL STABILITY, TENSILE STRENGTH, AND OPTICAL CLARITY
7.3 THERMAL FILMS
7.3.1 ENGINEERED TO WITHSTAND HIGH TEMPERATURES
7.4 METALIZED FILMS
7.4.1 VERSATILE FILMS WITH REFLECTIVE, BARRIER, AND INSULATING PROPERTIES
7.5 HOLOGRAPHIC FILMS
7.5.1 ENGINEERED TO PRODUCE DYNAMIC AND THREE-DIMENSIONAL VISUAL EFFECTS WHEN EXPOSED TO LIGHT
7.6 UV STABILIZED FILMS
7.6.1 ENGINEERED TO PROVIDE EXCEPTIONAL PROTECTION AGAINST UV RADIATION
7.7 MATTE FILMS
7.7.1 DESIGNED TO REDUCE GLARE, MINIMIZE REFLECTION, AND PROVIDE SOFT DIFFUSED APPEARANCE
7.8 BARRIER FILMS
7.8.1 SUPERIOR PROTECTION AGAINST PENETRATION OF GASES, MOISTURE, AND OTHER ENVIRONMENTAL FACTORS
7.9 OTHER FILMS
7.9.1 CONDUCTIVE FILMS
7.9.1.1 Engineered to provide electrical conductivity while retaining flexibility and durability
7.9.2 RELEASE FILMS
7.9.2.1 Prevent adhesion between adhesive materials and various surfaces during manufacturing process
7.9.3 ANTI-STATIC FILMS
7.9.3.1 Engineered to control and dissipate static electricity
8 POLYESTER FILM MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 30 PACKAGING TO LEAD POLYESTER FILM MARKET DURING FORECAST PERIOD
TABLE 29 POLYESTER FILM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
TABLE 30 POLYESTER FILM MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
8.2 PACKAGING
8.2.1 ENHANCED BARRIER PROPERTIES, COUPLED WITH TRANSPARENCY, DURABILITY, AND RECYCLABILITY
8.3 INDUSTRIAL LAMINATES
8.3.1 ABILITY TO COMBINE WITH OTHER MATERIALS FOR SPECIFIC PERFORMANCE CHARACTERISTICS
8.4 IMAGING & PRINTING
8.4.1 ENHANCED OPTICAL CLARITY, DIMENSIONAL STABILITY, AND PRINTABILITY
8.5 ELECTRICAL INSULATION
8.5.1 EXCEPTIONAL DIELECTRIC PROPERTIES, THERMAL RESISTANCE, AND DURABILITY
8.6 SOLAR PANELS
8.6.1 UV RESISTANCE, MOISTURE RESISTANCE, AND THERMAL STABILITY
TABLE 202 POLIFILM EXTRUSION GMBH: OTHER DEVELOPMENTS
13.1.9 TERPHANE
TABLE 203 TERPHANE: COMPANY OVERVIEW
TABLE 204 TERPHANE: PRODUCT OFFERINGS
TABLE 205 TERPHANE: PRODUCT LAUNCHES
TABLE 206 TERPHANE: DEALS
TABLE 207 TERPHANE: OTHER DEVELOPMENTS
13.1.10 JINDAL POLY FILMS LTD.
TABLE 208 JINDAL POLY FILMS LTD.: COMPANY OVERVIEW
FIGURE 49 JINDAL POLY FILMS LTD.: COMPANY SNAPSHOT
TABLE 209 JINDAL POLY FILMS LTD.: PRODUCT OFFERINGS
TABLE 210 JINDAL POLY FILMS LTD.: DEALS
TABLE 211 JINDAL POLY FILMS LTD.: OTHER DEVELOPMENTS
13.2 OTHER PLAYERS
13.2.1 SEALED AIR CORPORATION
TABLE 212 SEALED AIR CORPORATION: COMPANY OVERVIEW
13.2.2 OBEN HOLDING GROUP
TABLE 213 OBEN HOLDING GROUP: COMPANY OVERVIEW
13.2.3 RADICI PARTECIPAZIONI SPA
TABLE 214 RADICI PARTECIPAZIONI SPA: COMPANY OVERVIEW
13.2.4 AEP INDUSTRIES
TABLE 215 AEP INDUSTRIES: COMPANY OVERVIEW
13.2.5 UFLEX LIMITED
TABLE 216 UFLEX LIMITED: COMPANY OVERVIEW
13.2.6 AMCOR PLC
TABLE 217 AMCOR PLC: COMPANY OVERVIEW
13.2.7 BERRY GLOBAL GROUP, INC.
TABLE 218 BERRY GLOBAL GROUP, INC.: COMPANY OVERVIEW
13.2.8 DOW
TABLE 219 DOW: COMPANY OVERVIEW
13.2.9 EASTMAN CHEMICAL COMPANY
TABLE 220 EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW
13.2.10 IMPAK FILMS US LLC
TABLE 221 IMPAK FILMS US LLC : COMPANY OVERVIEW
13.2.11 POLINAS
TABLE 222 POLINAS: COMPANY OVERVIEW
13.2.12 FUTAMURA CHEMICAL CO. LTD.
TABLE 223 FUTAMURA CHEMICAL CO. LTD.: COMPANY OVERVIEW
13.2.13 SUMILON POLYESTER LTD.
TABLE 224 SUMILON POLYESTER LTD.: COMPANY OVERVIEW
13.2.14 AMERPLAST
TABLE 225 AMERPLAST: COMPANY OVERVIEW
13.2.15 ZHEJIANG WUZHOU POLYESTER FILM CO., LTD.
TABLE 226 ZHEJIANG WUZHOU POLYESTER FILM CO., LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.