China Polyester films Packaging Market Outlook

 




During the historic period from 2014 to 2021, China's BOPET film packaging market grew by 5.9%. 

China Polyester Film is an oriented film mainly used for packaging products such as food and beverages, electrical and electronic products, pharmaceuticals, cosmetics, and personal care products. 
 Polyester packaging film is suitable for a wide range of applications. China polyester film can be used in the manufacture of bags and pouches, wrapping paper, laminates, labels, and tapes. The food industry remains the most important end-use industry for BOPET packaging. 

Polyester packaging film is used for packaging fresh food, meat, confectionery, and dairy products. The BOPET package is stable during the printing and laminating process. Therefore, it is very suitable for packaging high-quality graphics. The flexible packaging market is experiencing a paradigm shift in biaxially oriented polyester terephthalate (BOPET) films. By significantly improving the utilization rate, it is expected that profitability will improve as the production capacity of major companies expands. 

China polyester film is being promoted as a next-generation recycled packaging material. USP remains the most important driver of market growth. Key players are targeting categories such as fresh meat, snacks, and coffee, reducing prices and weight. 

China polyester film manufacturers are responding by finding new opportunities in emerging markets and setting up new production lines. Adoption in these markets continues to rely on a combination of a focus on sustainable materials and a trend towards flexible packaging products that diverge from large applications. raw material suppliers continue to look for potential customers while BOPET packaging film manufacturers plan appropriate procurement strategies. Key players are focused on investment and exchange opportunities to take advantage of advances in the secondary packaging industry. 

Sales of polyester packaging film will increase due to the increasing importance of flexible packaging products that are fully recyclable without compromising quality or durability. China's polyester packaging film market is expected to grow at 5.8% during the forecast period 2022-2028. With the 
 
COVID19 pandemic, the global plastic film market has plummeted. Emerging-market governments have introduced strict restrictions and national blockades to curb the spread of the new coronavirus infection (COVID-19). The disruption in the global supply chain has had a major impact on many industries such as automotive, electrical, and electronic equipment. With the current outbreak of COVID-19, packaging companies in many parts of the world are facing supply chain disruptions and reduced local production. 

Meanwhile, demand in the packaging industry remained strong during COVID-19. Mylar's film market is expected to grow due to growing demand from the food packaging sector and FMCG companies. For example, the demand for these BOPET films is increasing with the trend from traditional packaging to flexible packaging.

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