APET Sheet Market By Type (<0.2mm, 0.2-1mm, 1-2mm, >2mm), By Application (Food Packaging, Medical Packaging, Consumer Goods Packaging, Others), By Distribution Channel (Online, Offline), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
APET Sheet Market Outlook
The global APET sheet market was valued at USD 6.02 Billion in 2022 and is projected to reach USD 11.16 Billion by 2031 , expanding at a CAGR of 7.1% during the forecast period 2023-2031. 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.
APET Sheet Market Dynamics
Market Drivers
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.
Market Restraints
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.
Segmental Outlook
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.
Regional Outlook
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.
Key Benefits for Industry Participants & Stakeholders
- 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
Video Summary for APET Sheet Market :
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Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 APET Sheet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 APET Sheet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.2.4 Market Trends
4.3 APET Sheet Market - Supply Chain Analysis
4.4 Global APET Sheet Market Size & Forecast, 2017-2027
4.4.1 APET Sheet Market Size and Y-o-Y Growth
4.4.2 APET Sheet Market Absolute $ Opportunity
Chapter 5 Global APET Sheet Market Analysis and Forecast By Product Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Product Type
5.1.2 Basis Point Share (BPS) Analysis By Product Type
5.1.3 Absolute $ Opportunity Assessment By Product Type
5.2 APET Sheet Market Size & Volume Forecast By Product Type
5.2.1 <0.2mm
5.2.2 0.2-1mm
5.2.3 1-2mm
5.2.4 >2mm
5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Global APET Sheet Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 APET Sheet Market Size & Volume Forecast By Application
6.2.1 Food Packaging
6.2.2 Medical Packaging
6.2.3 Consumer Goods
6.2.4 Packaging
6.2.5 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global APET Sheet Market Analysis and Forecast By Distribution Channel
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Distribution Channel
7.1.2 Basis Point Share (BPS) Analysis By Distribution Channel
7.1.3 Absolute $ Opportunity Assessment By Distribution Channel
7.2 APET Sheet Market Size & Volume Forecast By Distribution Channel
7.2.1 Online
7.2.2 Offline
7.3 Market Attractiveness Analysis By Distribution Channel
Chapter 8 Global APET Sheet Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 APET Sheet Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America APET Sheet Analysis and Forecast
10.1 Introduction
10.2 North America APET Sheet Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America APET Sheet Market Size & Volume Forecast By Product Type
10.6.1 <0.2mm
10.6.2 0.2-1mm
10.6.3 1-2mm
10.6.4 >2mm
10.7 Basis Point Share (BPS) Analysis By Product Type
10.8 Absolute $ Opportunity Assessment By Product Type
10.9 Market Attractiveness Analysis By Product Type
10.10 North America APET Sheet Market Size & Volume Forecast By Application
10.10.1 Food Packaging
10.10.2 Medical Packaging
10.10.3 Consumer Goods
10.10.4 Packaging
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America APET Sheet Market Size & Volume Forecast By Distribution Channel
10.14.1 Online
10.14.2 Offline
10.15 Basis Point Share (BPS) Analysis By Distribution Channel
10.16 Absolute $ Opportunity Assessment By Distribution Channel
10.17 Market Attractiveness Analysis By Distribution Channel
Chapter 11 Europe APET Sheet Analysis and Forecast
11.1 Introduction
11.2 Europe APET Sheet Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe APET Sheet Market Size & Volume Forecast By Product Type
11.6.1 <0.2mm
11.6.2 0.2-1mm
11.6.3 1-2mm
11.6.4 >2mm
11.7 Basis Point Share (BPS) Analysis By Product Type
11.8 Absolute $ Opportunity Assessment By Product Type
11.9 Market Attractiveness Analysis By Product Type
11.10 Europe APET Sheet Market Size & Volume Forecast By Application
11.10.1 Food Packaging
11.10.2 Medical Packaging
11.10.3 Consumer Goods
11.10.4 Packaging
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe APET Sheet Market Size & Volume Forecast By Distribution Channel
11.14.1 Online
11.14.2 Offline
11.15 Basis Point Share (BPS) Analysis By Distribution Channel
11.16 Absolute $ Opportunity Assessment By Distribution Channel
11.17 Market Attractiveness Analysis By Distribution Channel
Chapter 12 Asia Pacific APET Sheet Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific APET Sheet Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific APET Sheet Market Size & Volume Forecast By Product Type
12.6.1 <0.2mm
12.6.2 0.2-1mm
12.6.3 1-2mm
12.6.4 >2mm
12.7 Basis Point Share (BPS) Analysis By Product Type
12.8 Absolute $ Opportunity Assessment By Product Type
12.9 Market Attractiveness Analysis By Product Type
12.10 Asia Pacific APET Sheet Market Size & Volume Forecast By Application
12.10.1 Food Packaging
12.10.2 Medical Packaging
12.10.3 Consumer Goods
12.10.4 Packaging
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific APET Sheet Market Size & Volume Forecast By Distribution Channel
12.14.1 Online
12.14.2 Offline
12.15 Basis Point Share (BPS) Analysis By Distribution Channel
12.16 Absolute $ Opportunity Assessment By Distribution Channel
12.17 Market Attractiveness Analysis By Distribution Channel
Chapter 13 Latin America APET Sheet Analysis and Forecast
13.1 Introduction
13.2 Latin America APET Sheet Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America APET Sheet Market Size & Volume Forecast By Product Type
13.6.1 <0.2mm
13.6.2 0.2-1mm
13.6.3 1-2mm
13.6.4 >2mm
13.7 Basis Point Share (BPS) Analysis By Product Type
13.8 Absolute $ Opportunity Assessment By Product Type
13.9 Market Attractiveness Analysis By Product Type
13.10 Latin America APET Sheet Market Size & Volume Forecast By Application
13.10.1 Food Packaging
13.10.2 Medical Packaging
13.10.3 Consumer Goods
13.10.4 Packaging
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America APET Sheet Market Size & Volume Forecast By Distribution Channel
13.14.1 Online
13.14.2 Offline
13.15 Basis Point Share (BPS) Analysis By Distribution Channel
13.16 Absolute $ Opportunity Assessment By Distribution Channel
13.17 Market Attractiveness Analysis By Distribution Channel
Chapter 14 Middle East & Africa (MEA) APET Sheet Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) APET Sheet Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) APET Sheet Market Size & Volume Forecast By Product Type
14.6.1 <0.2mm
14.6.2 0.2-1mm
14.6.3 1-2mm
14.6.4 >2mm
14.7 Basis Point Share (BPS) Analysis By Product Type
14.8 Absolute $ Opportunity Assessment By Product Type
14.9 Market Attractiveness Analysis By Product Type
14.10 Middle East & Africa (MEA) APET Sheet Market Size & Volume Forecast By Application
14.10.1 Food Packaging
14.10.2 Medical Packaging
14.10.3 Consumer Goods
14.10.4 Packaging
14.10.5 Others
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) APET Sheet Market Size & Volume Forecast By Distribution Channel
14.14.1 Online
14.14.2 Offline
14.15 Basis Point Share (BPS) Analysis By Distribution Channel
14.16 Absolute $ Opportunity Assessment By Distribution Channel
14.17 Market Attractiveness Analysis By Distribution Channel
Chapter 15 Competition Landscape
15.1 APET Sheet Market: Competitive Dashboard
15.2 Global APET Sheet Market: Market Share Analysis, 2019
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 OCTAL
15.3.2 epsotech Group
15.3.3 Far Eastern New Century Corporation
15.3.4 Folienwerk Wolfen GmbH
15.3.5 K.P.TECH
15.3.6 Klöckner Pentaplast
15.3.7 NAN YA PLASTICS CORPORATION
15.3.8 Plastirol BV
15.3.9 PolyOne
15.3.10 Retal Industries LTD.
15.3.11 SHINKONG SYNTHETIC FIBERS CORP.
15.3.12 TAEKWANG.
15.3.13 TORAY INDUSTRIES, INC.
15.3.14 XiaMen ZhongTian Plastic Sheet Co, Ltd.
15.3.15 Yangzhou Jinfeng New Material Co., Ltd.