In 2024 the global BOPET films market is estimated to be USD 10.49 billion. It is projected to grow at a CAGR of 4.7% during the forecast period. By 2029, the market is projected to reach USD 13.22 billion. The BOPET films market is growing due to industries like packaging, electronics, and manufacturing need these films for their strong, durable, and versatile qualities. The push for eco-friendly packaging and new technologies is helping the market expand.
The major players in the BOPET films market with a significant global presence are Toray Industries, Inc. (Japan), UFlex Limited (India), Polyplex (India), SRF Limited (India), Jindal Poly Films Limited (India), etc. The market players have adopted various strategies such as product launches, expansions, agreements, and acquisitions, to strengthen their position in the BOPET films market.
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Toray Industries, Inc. (Japan) is a prominent global chemical and material solutions manufacturer, specializing in the production of high-performance fibers, textiles, carbon fibers, resins, films, and a range of other innovative products. It operates through the following segments Fiber & Textiles, Performance Chemicals, Carbon Fiber Composite Materials, Environment & Engineering, Life Science, and Others. The fiber & textile segment focuses on three major synthetic fibers: nylon, polyester, and acrylic. The performance chemicals segment offers resins, films, chemicals, electronics, and information materials. The carbon fiber composite materials segment offers PAN-based carbon fibers and offers a range of materials to meet customer requirements. The environment & engineering segment provides water-treatment membrane technology and products that enhance quality, health, and aesthetics. The life science segment focuses on pharmaceuticals and medical equipment. It caters to products across various industries including automotive, electronics, healthcare, water treatment, and environmental sustainability. The company offers BOPET films under its Lumirror range, providing exceptional thermal stability, processability, and surface functionalization for demanding packaging and industrial applications through advanced co-extrusion and surface treatment technologies. The company provides BOPET films through its subsidiary, Toray Advanced Film Co., Ltd. Toray Industries, Inc. operates in 29 countries globally, with a strong presence in key markets across Asia, Europe, and North America.
UFlex Limited (India) is a leading multinational company, specializing in flexible packaging solutions. UFlex Limited is recognized as one of the world's leading polymer companies. The company operates through the following segments: Flexible Packaging Activities and Engineering Activities. The flexible packaging activities segment offers flexible packaging laminates, pre-fabricated pouches, easy-tear sachets, big bags, block bottom bags, premium shower-proof bags, pharmaceutical packaging, FlexiTubes, and FlexFresh modified atmospheric packaging, and others. The Engineering Activities segment offers high-performance packaging, printing, and allied machines, delivering customized, cost-efficient solutions. UFlex specializes in CI flexo and rotogravure printing, laminators, slitters, pouch-making, form-fill-seal, wrapping, and special-purpose machines, catering to diverse packaging and converting needs. Uflex Limited operates 11 manufacturing facilities across the USA, CIS, Hungary, Nigeria, UAE, Mexico, Egypt, Poland, and India. It has large production capacities for biaxially oriented polyethylene terephthalate (BOPET), biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films, printing & coating Inks, adhesives, facilities for holography, metallization & PVDC coating, gravure printing cylinders, gravure printing, lamination, and pouch formation. The company’s BOPET film manufacturing facilities boast a cumulative capacity of 3,95,000 TPA. With a presence in over 150 countries, including the USA, Canada, South America, the UK, Europe, CIS nations, South Africa, the Middle East, and South Asia, UFlex has become a global leader in the packaging industry, delivering innovative and reliable solutions to diverse markets across the globe.
Polyplex (India) is one of the leading manufacturers and distributors of polyester films, known for producing high-quality BOPET (Biaxially Oriented Polyester) films. Polyplex manufactures a wide range of films, including BOPET, BOPP (Biaxially Oriented Polypropylene), Cast Polypropylene (CPP), and Blown Polypropylene/Polyethylene films. The company operates through the following segments, Thin PET, Thick PET, BOPP, PET Resin, CPP/Blown, Downstream, and Others. Polyplex has the seventh-largest capacity of polyester (PET) film globally. The company has established a strong global presence, with manufacturing facilities in India, Thailand, Turkey, the USA, the Netherlands, and Indonesia. The company has a strong global presence, serving approximately 2,675 customers across 85 countries, spanning Europe, the Americas, the Indian subcontinent, the Far East, the Asia-Pacific region, and the Middle East, demonstrating its broad international footprint and extensive customer base. Polyplex has manufacturing capacities for BOPET films totaling 3,13,000 TPA, allowing the company to meet the growing demand for high-quality films across various industries.
SRF Limited (India) is a diversified, chemical-driven company involved in the production of industrial and specialty intermediates, serving a wide array of industries with its innovative solutions and high-quality products. The company operates through the following business segments including Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Films Business (PFB), and Other Businesses. The Chemicals business segment includes Specialty Chemicals, offering advanced intermediates and custom synthesis, and Fluorochemicals, specializing in eco-friendly refrigerants, pharma propellants, industrial chemicals, and fluoropolymers. The Technical Textiles business offers tyre cord fabrics, belting fabrics, and industrial yarn for applications in tires, seatbelts, conveyor belts, and other industrial uses. The Packaging Films business offers state-of-the-art solutions in BOPET and BOPP films, including transparent, metalized, and coated variants for FMCG, food & agro, confectionery, soaps & detergents, solar panels, labeling, overwraps, and embossing applications. SRF Limited serves a wide range of industries, including automotive, pharmaceuticals, air conditioning, manufacturing, food & agro, renewable energy, lifestyle & decor, agro-chemicals, FMCG, refrigeration, technical textiles, advertising, events & exhibitions, mining, electronics, and chemicals. SRF Limited operates 16 manufacturing facilities across India and internationally. These facilities are in key regions such as Haryana, Delhi, Uttarakhand, Madhya Pradesh, Tamil Nadu, Gujarat, and Rajasthan in India, with additional operations in Thailand, South Africa, and Hungary. SRF Limited has a BOPET production capacity of 233,000 TPA making it a significant player in the flexible packaging film industry.
Jindal Poly Films Limited (India), part of the B.C. Jindal Group has been a leading provider of a wide range of flexible packaging products and solutions. The company operates through the following segments, Packaging Films, Non-Woven Fabrics, and Others. The packaging films segment offers a comprehensive range of products, including BOPP, BOPET (Thick and Thin), CPP, Lamination, Metallized Films, Coated Films, Thermal Lamination Films, and Capacitor Films. The nonwoven fabrics segment offers a wide range of high-quality spunmelt products, produced using advanced Reicofil R5 and R4S multi-beam composite spunmelt lines from Germany, serving industries such as hygiene, medical, and industrial. The company has a total BOPET manufacturing capacity of 1,70,000 TPA. Jindal Poly Films Limited produces a wide range of products across various applications, including flexible packaging, tape and textile, lidding, print lamination, industrial uses, labels, and overwrap, catering to diverse industries such as food, pharmaceuticals, consumer goods, and manufacturing.
Related Reports:
BOPET Films Market by Thickness (Thin and Thick), Application (Packaging, Electrical & Electronics, Imaging), End-use Industry (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Electrical & Electronics), and Region - Forecast to 2029
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