PET Films Market | Increasing Consumption of Packaging Materials to Boost Market Growth | Technavio

Technavio has announced its latest market research report titled Global PET Films Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The global pet films market size is poised to grow by 1.57 million MT during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

Product manufacturers worldwide are focusing on innovative product packaging to increase brand awareness and attract customers. Besides, end-users across industries such as food and beverage, healthcare, and personal care industries, are shifting from rigid to flexible plastic packaging materials. This is due to benefits such as flexibility, durability, and lightweight. These factors have increased the demand for flexible plastic packaging products such as thin PET films, which are easy to open, carry, store, and reseal. Therefore, the rising consumption of packaging materials is expected to foster the growth of the global PET films market during the forecast period.

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Report Highlights:

  • The major PET films market growth came from the thin pet films segment. This is due to the increasing use of thin PET films in various applications such as cable overwrap, edge reinforcement, adhesive tapes, gaskets, solar-control structures, and embossing.
  • APAC was the largest market for PET films in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the growth of the renewable energy and consumer electronics sectors in the region.
  • The global pet films market is fragmented. DuPont Teijin Films, Ester Industries Ltd., Garware Polyester Ltd., Jindal Poly Films Ltd., Mitsubishi Chemical Holdings Corp., Polyplex Corporation Ltd., SKC Inc., Toray Industries Inc., Tredegar Corp., and UFlex Ltd. are some of the major market participants. To help clients improve their market position, this pet films market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global pet films market 2020-2024 is expected to have neutral growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Growth in the organized retail segment will be a key market trend

Many developing countries are registering rapid economic growth and high disposable incomes. This has increased the demand for high-quality goods and services, which is resulting in a growth in the number of well-informed buyers with varied spending habits. To satisfy the needs of such a customer base, the retail sector is expanding in a more organized manner. Besides, many countries are relaxing several regulations to support the growth of the organized retail sector. All these factors will have a positive impact on the growth of the global PET films market during the forecast period.

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PET Films Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist pet films market growth during the next five years
  • Estimation of the pet films market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the pet films market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pet films market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Thin PET films - Market size and forecast 2019-2024
  • Thick PET films - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Competitive Scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • DuPont Teijin Films
  • Ester Industries Ltd.
  • Garware Polyester Ltd.
  • Jindal Poly Films Ltd.
  • Mitsubishi Chemical Holdings Corp.
  • Polyplex Corporation Ltd.
  • SKC Inc.
  • Toray Industries Inc.
  • Tredegar Corp.
  • UFlex Ltd.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The Global PET Films Market will grow by 1.57 mn MT during 2020-2024


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200