China Polyester Film Benefits from Packaging Industry

 



In 2017, the China polyester film industry of approximately US $ 16 billion shipped more than 8.5 million tons. Today, the global market is led by China, the influence of polyester film suppliers is increasing, and we continue to expand our activities all over the world. Global demand for BOPET film is expected to grow at a healthy rate of 4.8% per year. Until 2024 in the next 5 years. Significant growth is expected in Asia, especially in China, where Wood Mackenzie predicts annual growth of 6.4% - 9.5% per year.


The polyester film may be superior to other polymer films. Multinational brands are looking for single-material plastic packaging solutions from filmmakers and converters to meet their sustainability efforts. 


The Head of Films & Flexibles, said: The topic of recycling and sustainability has created favorable framework conditions for the polyester film industry. As part of the circular economy, brands are under pressure to find more environmentally friendly ways to package their products. This has created a shift in focus from currently non-recyclable multi-material and multi-layer laminates to mono-material laminates. "The fact that polyester film is part of a broader chemical family of polyolefins means that it can be laminated with polyester film, for example, and is still widely used in today's recycling waste stream. According to our research, the consumption of polyester films in specific applications benefits from the promotion of this sustainability at the expense of other polymers. ”


Flexible packaging is the most important of polyester films. Will continue to be an end-use sector. The need for standard transparent films widely used in food packaging is expected to drive future demand. A positive short-term outlook makes investment opportunities within the sector more attractive. 


"Importantly, BOPET Films became the world leader in polyester film production in installed capacity in 2017 after completing the acquisition of Kingchuan's packaging business. The technology was acquired by BOPET Film through this transaction. Know-how added significant manufacturing capacity to its global network. 


"We were another milestone when Kingchuan completed the acquisition of Biofilm, China's second-largest polyester film supplier, earlier this year. This strengthened the company's presence in the central and Chinese regions. In addition, Kingchuan Packaging is currently among the top five companies in the world in terms of rated installed capacity," said a company representative.

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