The global APET sheet market was valued at USD 4,908.4 Million in 2019 and is projected to reach USD 8,479.9 Million by 2027, expanding at a CAGR of 7.1% during the forecast period. Amorphous-polyethylene terephthalate (APET) film is a thermoplastic film produced by the APET copolymer, a form of thermoplastic polyester. This film is a type of amorphous thermal plastics, which consists of elements of carbon, hydrogen, and oxygen. The growth of the APET sheets market is related to the growing demand for packaging materials made from amorphous PET used in consumer and medical packaging items.
In addition, growing consumer purchasing power, evolving mass lifestyles and awareness of various medical packaging techniques around the globe are driving the APET sheets market growth. APET sheets are easy to handle, long, durable and lightweight to last. This, in effect, is increasing its use in different industries. The growth of the APET sheet market is driven by increasing customer purchasing power, changing lifestyles and food habits and knowledge of various medical packaging techniques around the globe. Environmental standards and legislation vary from country to country, particularly for the packaging industry, making adaptation of these changing laws difficult for businesses. In addition, this is likely to hinder market growth over the forecast period.
The use of APET sheets in the medical packaging and consumer goods industry is driving the growth of the global APET sheets market. APET sheets are easy to handle, have a last long, reliable, and lightweight. This, in turn, drives its use in various industries. Rising consumer purchasing power, evolving lifestyles and food habits, and awareness of different medical packaging techniques around the globe are driving the growth of the APET sheets market. Pharmaceutical, FMCG packaging and food packaging manufacturers prefer using APET sheets as packaging materials over conventional packaging materials due to their high durability, low cost, and ability to be molded into various forms.
Environmental standards and legislation vary from country to country, especially for the packaging industry, thus making it difficult for businesses to integrate these changing laws. The manufacturing and commercial industries are affected by these environmental mandates. These differences in environmental legislation and regulations across regions pose a challenge for the environment. This, in turn, is likely to hamper market growth during the forecast period.
Raw materials used for the manufacture of APET sheets are extracted from oil feedstocks and account for almost 60.0% of the total cost of the finished product. Fluctuations in crude oil prices directly affect the retail prices of APET sheets.
Based on types, the APET sheet market has categorized as <0.2 mm, 0.2-1 mm, 1-2 mm, and >2mm. The thickness ranging between 1-2mm and less than 0.2mm are majorly consumed and are expected to be produced more due to increase in demand during the forecast period. The thickness of the APET sheets used for packaging of a product depends on the oxygen transmission rate, where the thinnest sheet has the maximum oxygen transmission rate, while the thickest sheet has minimum transmission rate.
In terms of applications, the APET sheet market has been segmented into food packaging, medical packaging, consumer goods packaging, and others. Medical packaging is expected to boost the growth for this market due to increase in blister tablet and capsule packaging with APET Colored and transparent sheet with APET sheets Peel able and sealable lidding content.
On the basis of sales channels, the APET sheet market has been bifurcated into online and offline. The offline segment accounts for a major share of the market; however, the online segment is expected to grow at a significant pace during the forecast period. Offline sales channels are primary distribution channels used in regions where the Internet penetration is a challenge. Offline sales often open up substantial opportunities for cross-selling and upselling, thereby serving as massive collection repositories of additional customer data.
Based on regions, the global APET sheet market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The APET sheets market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period. Improving economic conditions and increasing population are the factors that are expected to drive the growth of the medical packaging and consumer goods packaging industry, especially in China, India, South Korea, and Australia, which is projected to further fuel the growth of the market in the region. The market in North America and Europe is projected to expand at a sluggish CAGR due to the implementation of environmental standards and legislation and less consumption of APET sheets.
Key players in the market include NAN YA PLASTICS CORPORATION, PolyOne, Plastirol BV, epsotech Group, and Others. They considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the APET sheet extraction is added in the company’s capacity.
In-depth Analysis of the Global APET Sheet Market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global APET Sheet Market Performance
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers product types of APET specific information such as <0.2mm, 0.2-1mm, 1-2mm, and >2mm.
According to this Growth Market Reports report, the market from APET Sheet is likely to register a CAGR of 10.4% during forecast period 2020-2027, with an anticipated valuation of USD 3,755.3 million by the end of the 2027.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the APET Sheet is available in final report.
The market is driven by factors such as growth in industries such as electronics and semiconductor solutions, increased demand in the automotive industry for electronic components, increased concerns about global warming climate change, and increased use of component miniaturization in electronic devices.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness increment of over 2.8% between 2019 and 2020 owing to the positive impact of COVID-19 pandemic on the APET Sheet market.
The base year considered for the global APET Sheet market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Research & development facilities, semiconductor & electronics, solar devices, medical equipment, and others are the key applications that are driving the APET Sheet market.
Major Manufactures include, NAN YA PLASTICS CORPORATION, PolyOne, Plastirol BV, epsotech Group, and Others.
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