BoPET (biaxially oriented polyethylene terephthalate) is a polyester film manufactured for stretched polyethylene terephthalate (PET). It possesses properties such as high tensile strength, chemical and dimensional stability, transparency, reflectivity, good gas and aroma barrier properties, and electric insulation. Evolution in processed food industry is the major factors driving the growth in BoPET market. Modern lifestyle has led to an augmented demand for convenient and fast food products, thereby driving the packaged food industry coupled with BoPET. The packing of a food plays an eminent role in the life cycle of the product because processed foods require flexible packaging materials that are convenient for the consumers and protects the food product. Majority of the manufacturers are focussing on developing innovative plastic films to meet the increasing processed foods market.
According to the study “Asia Biaxially Oriented Polyethylene Terephthalate (BOPET) Films Industry Situation and Prospects Research report”, modernization has led to increasing consumption of package foods and beverage products, household care products, which demand for BoPET films as packing materials. PET is used in the manufacture of various grades of plastic bags and films that are used in industrial and non-industrial applications. Rapid urbanization, busy lifestyle and high disposable income have lead to increase in consumer spending and encouraging packaged food products. The growth in this market is due to the rising demand for plastic flexible packaging and evolution in food packaging industry. The major challenge in the BoPET market is the increasing environmental concerns related to production and use of polyethylene terephthalate.
The various types of BoPET (biaxially oriented polyethylene terephthalate) films are 10-25 um Thickness, 25-75 um Thickness and >75 um Thickness. BoPET (biaxially oriented polyethylene terephthalate) films are used in food packaging industry, industrial use and other industries. Geographically, Asia’s BoPET (biaxially oriented polyethylene terephthalate) films market is spread across China, India, Japan, Korea, Saudi Arabia and other regions. The leading players in BoPET (biaxially-oriented polyethylene terephthalate) films market are Flex Films, AEC GROUP, HuanYuan Plastic Film, Beijing Kangdexin Film Material Co, Jindal Poly Films Ltd, Uflex, Polinas, Bruckner Maschinenbau GmbH & Co. KG, JBF Group, SRF Limited, Fuwei Films Holdings Co, Retal Industries LTD and DMG Polypack.
The increasing use of biodegradable films will bolster the growth prospects of BoPET market in Asia. Green plastics developed are biodegradable and are easily decomposed by microorganisms and are preferred over conventional plastics. Biodegradable plastics are manufactured from renewable materials and biodegradable additives. With stringent environmental regulation being imposed, manufacturers are finding ways to substitute conventional plastics with green plastics such as polyvinyl alcohol, polyanhydrides, and polylactic acid. Multiple applications of BoPET, the market may witness a huge growth or the stringent regulations will hinder the growth in Asian market over the next few years.
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