GLOBAL demand for BOPET film continues to grow despite current economic uncertainty, according to a new report by AMI Consulting.
BOPET producers are said to be adapting to the shift towards more regional supply and increasing tariffs, and taking short-term measures to address falling prices and widespread de-stocking throughout the customer base.
Despite all this, AMI Consulting said growth opportunities ‘abound’ and BOPET manufacturers are setting out on the race to supply the ‘burgeoning packaging growth’ across Asia and for the manufacture of the next generation of high technology and green energy products.
Packaging remains the largest end-use market for BOPET films and is described as growing strongly across developing markets and within ‘profitable niches’ globally. The use of flexible packaging including BOPET film for non-food items is lower than for food, providing opportunity to switch from rigid packaging, and BOPET lids and labels in combination with PET trays and bottles offer a mono-material solution.
AMI Consulting said the use of BOPET in food packaging is steadily increasing in low per capita consumption regions such as the Indian Sub-Continent and SEA, where packaged food is becoming more widely available. End-users are said to be recognising that BOPET films can offer properties vital for food security such as good barrier and materials reduction, whilst providing a cost-effective solution.