Global BOPET film demand forecasts predict average world growth of 6.8% p.a.
|PCI’s latest study estimates that world BOPET film demand has been growing by 7.2% since 2007 and reached 3.2 million tonnes in 2012.|
Global BOPET film demand forecasts predict average world growth of 6.8% p.a. with Asia continuing as the powerhouse.
Other report highlights:The Central and East Asian region, which includes South Korea, Japan and China, remains the world’s largest producer and consumer of BOPET films accounting for 55% of total demand.
Flexible packaging applications for BOPET film now account for 54% of world demand. The thin film market is expected to grow at an average rate of 6.7% per annum, over the next five years.
BOPET film producers have invested in capacity to keep pace with demand growth and increased by 53% the size of the industry since 2007.
Demand for thick films has grown the fastest in recent years but volume growth is slowing.
PCI ‘conservative’ forecasts show world demand for BOPET films will continue to grow by an average of 6.8% per annum to reach 4.4 million tonnes by 2017. Growth in Asian demand is expected to account for almost 80% of world growth over the next five years.
Capacity additions announced and expected, will expand the world BOPET film industry by another 34% over the next five years with Chinese producers accounting for one third of the expected increase.