Polyester film Market: Key Players and Production Information analysis
Posted by Kishor on May 30th, 2019
The packaging of variety of products serves brands as a key factor in product differentiation, brand recognition and product safety and handling. Polyester films are used for packaging in various industries across the regions. Polyester film is known by its trivial name polyethylene terephthalate film. Polyester is a thermoplastic monomer which is widely used to manufacture Polyester films, so as to achieve packaging efficiency. Polyester film is preferred due to its high barrier properties and high printability, along-with good tensile strength and transparency. Polyester film with gauge range 92-500 (0.023-0.13mm) finds application in general purpose. Furthermore, 500-700 gauge range are categorized as heat stabilized.
The demand for polyester films is expected to increase on the backdrop of growth in demand for convenience packaging across the world. It has been observed that polyester films with high optical clarity and durability has high demand, particularly in regions with high industrial activity, and therefore, is projected to register moderate to high growth during the next ten years. Therefore, the outlook for the growth of the global polyester films market is expected to be positive during the forecast period.
Polyester film market: Dynamics
The global flexible packaging industry has undergone significant changes in the last few years. The introduction of UV-protected polyester films in packaging industry has brought a significant change in packaging standards in terms of convenience. Polyester has the property of heat stabilizing and printability, which paves way for the introduction of a variety of packaging features. As polyester films are much less susceptible to contamination, it is highly preferred in food packaging industry.
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The North America polyester films market is expected to spearhead the growth of the global polyester films market during the forecast period, due to a well-established retail sector. The Asia Pacific region is projected to witness high growth rate, due to positive outlook of retail sector growth in the region. Changing consumer lifestyles in the region is expected to fuel the demand for polyester films in packaging, further providing opportunities for increase in applications.
Polyester film market: Key players
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About the AuthorKishor
Joined: February 12th, 2019
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