APET Film Market - Forecast(2024 - 2030)

Report Code: CMR 62731 Report Format: PDF + Excel

APET Film Market Overview

APET (Amorphous-polyethylene terephthalate) Film market size is forecast to reach $8.4 billion by 2026, after growing at a CAGR of 7% during 2021-2026 due to increasing consumption of APET film as it offers higher tensile strength, excellent dimensional stability, low moisture absorption, and excellent gas barrier properties. APET Film is one of the most environmentally friendly alternatives to other polymers because it is used in blister packaging with excellent barrier properties and light processing. The packaging company used PET plastic as compared to polyvinyl chloride packaging for thermoforming as it was designed to withstand UV rays. PET plastic film is an eco-friendly material that is widely used in thermoforming, cosmetics, food industry, and others. According to the India Brand Equity Foundation (IBEF), the personal care market is forecast to reach US$20 billion by 2025. Thus, the increasing personal care market is increasing demand for packaging of cosmetics which, in turn, is estimated to grow the demand for APET films.

COVID 19 pandemic positively affected the pharmaceutical industry. APET film provides better sealing to the medicines by blister packaging that needs to be stored in a moisture-free environment. Thus, it extends the shelf life of drugs and medicines which also can be stored for a long time without damage. Also, PET plastics are ideal for packaging which is expected to grow the market of APET film.

APET Film Market Report Coverage

The report: “APET Film Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the APET film Industry.

By Type: APET Sheet and APET Roll
By Packaging Type: Blister Packaging, Folding Box, and Others
By Application: Pharmaceutical, Consumer Goods, Food & Beverages (Bakery Goods, Processed Meat, Dairy Products, Others), Agricultural Products, Electronics & Electrical, Printing and Stationery, and Others 
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • Asia-Pacific dominates the APET film market owing to increasing demand from packaging applications such as food & beverages, pharmaceutical, and electrical & electronics.
  • The growing popularity of new emerging technologies, such as high barrier flexible packaging is likely to aid in the market growth of APET film.
  • Increasing adoption from electrical & electronics for recycled APET film regulations related to carbon dioxide emissions is estimated to increase the market demand for APET film soon.

Figure: APAC APET Film Market, 2021-2026 (US$ Billion)


For More Details on This Report - Request for Sample

APET Film Market Segment Analysis – By Type

APET Sheet is expected to lead the APET film market by type segment in 2020 as it provides excellent clarity, excellent mechanical properties, and thermoforming characteristics, which make them an ideal material for packaging applications. APET sheet reduces the thermoforming cycle time, energy cost, and heat. APET sheet provides an excellent thickness (from 0.2 mm to 2m) for packaging and has good barrier properties for water vapor for food packaging. APET sheets are used for food safety and can be sterilized by gamma radiation for medical packaging. Thus, rising demand for sheet type is estimated to grow the market size during the projected year.

APET Film Market Segment Analysis – By Packaging Type

The blister packaging type segment dominated the global APET film market in 2020 due to various properties such as impact resistance, non-toxic, and high transparency. Blister packaging is commonly used for small products such as batteries, medicines, and toys. PET plastic film is used in industrial packaging in a variety of high-grade blister packaging. Thus, increasing demand from the pharmaceutical industry as they provide clear visibility improves shelf life of products and is easy to transport, this is estimated to augment the APET film market.

APET Film Market Segment Analysis – By Application

Food & beverages held the largest share for the global APET film market in 2020 and is growing at a CAGR 7.2% during 2021-2026. APET film provides flexible packaging, has high chemical resistance and low odor which enhancing the shelf life of the food. APET does not transfer any chemicals to the packaging product which comes in contact with it, so it’s an ideal solution for food products. According to the China Food Industry (CFI) almost 15,00 tonnes of fresh food, 1.8 million bottles of disinfectant solution, and 3 million bottles of liquid soap were sold in 2020. According to the India Brand Equity Foundation (IBEF), India’s food processing sector is expected to reach US$ 535 billion by 2025-26. However, the Indian government approved Rs. 107.42 crore (US$ 15.25 million) to implement 28 food processing projects, which helps to reduce food waste and increasing demand for recycling packaging, polyvinyl chloride, and PET plastics film. Hence, such factors are estimated to influence market growth.

APET Film Market Segment Analysis – By Geography

Asia Pacific dominated the global APET Film market with a high share of 30% in 2020. The increasing population is estimated to grow the packaging demand for consumer goods, the pharmaceutical sector, food & beverages, electronics packaging, and other goods packaging. PET film is ideal for packaging than polyvinyl chloride film packaging for thermoforming due to excellent water and moisture barrier material, high mechanical strength, excellent characteristics for vacuum formation, and recycled material. Thus, it is widely used by packaging manufacturers. According to Healthcare Information Company IQVIA, China was the world’s second-largest national pharmaceutical market in 2017 with $122.6 billion. It was also the biggest emerging market for pharmaceuticals with growth tipped to reach $145 billion to $175 billion by 2022. Furthermore, India’s domestic pharmaceutical market is estimated at US$ 41 billion in 2021 and is expected to reach US$ 65 billion by 2024 and around US$ 120-130 billion by 2030. Thus increasing the application of blister packaging is driving the market for APET film.

APET Film Market Drivers

Growing Consumption from End-Use Industry

The demand for APET plastic film is rising as it offers flexible packaging than polyvinyl chloride packaging. APET plastic film is utilized in a broad range of applications including vacuum forming, food, and non-food packaging, folding and set up boxes, thermoforming, as well as printing and graphics. APET films are fully recyclable films and they can be converted into fibers for the manufacturing of electronic parts. Thus, growing various end-use sectors such as cosmetics, pharmaceutical, and others is estimated to boost the consumption of APET plastic film. According to Cosmetic Europe, the cosmetics market of the United States increased by 8.81 % to euro 73.7 billion (US$ 82.50 billion) in 2019 compared to euro 67.2 billion (US$ 79.36) in 2018. Additionally, according to the India Brand Equity Foundation (IBEF), India’s domestic pharmaceutical market is estimated to reach US$ 65 billion by 2024 and  ~US$ 120-130 billion by 2030. Hence, such factors are estimated to grow demand for APET films.

Increasing Adoption of APET Recyclable Polymer Based Packaging Materials

Amorphous polyethylene terephthalate plastic film packaging materials used over traditional packaging materials such as metal cans, glass & plastic bottles, and liquid cartons are leading to the growth of the amorphous polyethylene terephthalate film market across the globe. It has a high resistance to chemicals and solvents and offers improved clarity. According to the Asian Leading Product Packaging Manufacturer, Europe has a PET plastic film recycling rate of 52% and the US has 31%. PET plastic film is a cost-effective, environmentally friendly, and sustainable product for thermoforming packaging than polyvinyl chloride. Thus, Food and Drug Administration (FDA) approved APET plastic for food packaging due to complet recyclable than polyvinyl chloride. Thus, the increasing adoption of recyclable packaging is estimated to grow the market size during the era.

APET Film Market Challenges

Volatility in APET Films Prices

APET sheets are usually made from petroleum-based products which are not biodegradable. Meanwhile, the volatile crude oil prices in the market are expected to fluctuate the APET film prices. According to the U.S. Energy Information Administration (EIA), crude oil prices were decreased by US$ 41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019. According to BP static, Oil prices declined US$64.21/bbl in 2019 as compared with US$71.31/bbl in 2018. Hence, the fluctuation of crude oil prices may hamper the production of APET films. 

APET Film Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the APET film market. Major players in the APET Film Market are OCTAL, Folienwerk Wolfen, Klckner Pentaplast, AMB, Shinkong Synthetic Fibers, Far Eastern New Century, Dongji Polyester Film, Jinfeng New Material Plastic, Min Yang Plastic, Mineron, and among others.

Acquisitions/Technology Launches

  • In September 2019, PolyOne launched ColorMatrix™ SmartHeat RHC for its recycled PET and PET bottles. This product helps to reduce carbon emissions and support sustainability by improving the thermal stability of PET plastic throughout the process of recycling.

Relevant Report

TAC Film Market  Forecast 2020 To 2025

Report Code: CMR 43767

Piezoelectric MEMS Sensor Market - Forecast(2021 - 2026)

Report Code: ESR 0605

For more Chemicals and Materials Market reports, please click here

1. APET Film Market - Market Overview
    1.1 Definitions and Scope 
2. APET Film Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Packaging Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. APET Film Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. APET Film Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. APET Film Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. APET Film Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. APET Film Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. APET Film Market – By Type (Market Size -$Billion)
    8.1 APET Sheet
    8.2 APET Roll
9. APET Film Market – By Packaging Type (Market Size -$Billion)
    9.1 Blister Packaging
    9.2 Folding Box
    9.3 Others
10. APET Film Market – By Application (Market Size -$Billion)
    10.1 Pharmaceutical
    10.2 Consumer goods
    10.3 Food & Beverages
        10.3.1 Bakery Goods
        10.3.2 Processed Meat
        10.3.3 Dairy Products
        10.3.4 Others
    10.4 Agricultural Products
    10.5 Electronics & Electrical
    10.6 Printing and Stationery
    10.7 Others
11. APET Film Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        11.5.2 Africa
   South Africa
   Rest of Africa
12. APET Film Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. APET Film Market – Market Share Analysis Premium
    13.1 Company Benchmarking Matrix - Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. APET Film Market – Key Company List by Country Premium Premium
15. APET Film Market   Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"