PET Film Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2022–2030
The global polyester film market is expected to reach USD 66.91 Billion by 2030, according to a new report by Reports and Data. The growth of the market is attributed to the growing application of PET Films amongst the end-user industries. PET Films find widespread application as a lamination substrate, as it offers exceptional durability, oxygen barrier, and heat resistance. Also, when laminated on other specific materials, it provides a robust UV protection and water barrier. PET Films are considered safe for the packaging of food products as compared to other conventional materials. It is less susceptible to contamination, along with pilferage, thereby increasing the shelf-life of food products. PET Films offer an aesthetic appeal to food items and are beneficial for branding purposes. Moreover, films made from PET Film can be recycled and reused. The application of PET Films in the electrical & electronic industry is likely to boost market demand in the upcomi...