Global BOPET Packaging Market: Overview
Food contamination is a major concern in the food and beverage sector, especially in retail chains. The concerns for clean and quality food items are on the rise, especially as rapid food deliver mechanisms, and safety of food continue to remain a focal point of attention for consumers. The global BOPET packaging market promises to solve this major challenge with FDA approved films which are both ideal for containing contamination, and flexible for commercial use. The thickness of these films can be varied to suit a wide variety of food products and this flexibility continues to make way for a widespread adoption. Thanks to the growing adoption of BOPET packaging solutions, the market is expected to register robust growth in the near future. The key feature of BOPET packaging to barricade oxygen promises to open new opportunities for players in the global BOPET packaging market.
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Global BOPET Packaging Market: Notable Developments
The advanced method of EB or Electronic Beam drying technology is expected to bring dynamic shifts in the BOPET packaging market in the near future. This new printing technology can make way for newer applications such as offset printing and flexography. Additionally, the printing is also expected to result in significant cost-savings as it relies on low energy electrons which result in lower energy consumption. Moreover, the new printing methods can also resolve conventional challenges such as migration of volatile organic compounds as it ingrains higher resistance. This is true for both mechanical and chemical agents.
Multi-layered Nano-technologies packaging solutions are emerging as key trend in the packaging industry. The key factors driving growth of these solutions is the water vapor permeability and low oxygen requirements from end-users. The growing blend of BOPET and polymer films are expected to solve these challenges with various benefits such as extended shelf life for end products. This has led to an increased demand for biodegradable materials. The growing funding for research in dissolvable materials and improved materials are expected to drive significant growth for the BOPET packaging films market in the near future.
Global BOPET Packaging Market: Drivers and Restraints
The growing demand for fast-food chains and hot-served food is expected to drive significant growth for the BOPET packaging films market in the near future. These new packaging solutions can not only extend the shelf life of products but also help them withstand high temperatures, essential for packaging requirements. Alternatives continue to exhibit low-sensitivity to food products with high-temperatures, which is expected to drive more growth for the BOPET packaging films market in the near future. Additionally, traditional mediums like Aluminium foils are relatively expensive as compared to BOPET packaging methods which is also expected to be a boon for the BOPET packaging films market. The growing demand for cosmetics and rising concern about their safety are also expected to a major driving factor for the growth of the BOPET packaging films market. The limited shelf life of cosmetics is expected to be a major uptake for the BOPET packaging films market.
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The high mechanical strength and thermal properties continue to drive growth for the market, its excellent transparency and good stiffness continue to attract new buyers as well. The rising demand for pharmaceuticals, the growing demand for fast-foods, and trends like multi-layered packaging solutions are expected to drive the BOPET packaging films market in the near future.
Global BOPET Packaging Films Market: Geographical Analysis
The BOPET packaging films market is likely to make significant headways in North America region. The vast network of fast-food chains, the growing emphasis on food safety, and tightening regulations are expected to drive the regional market. Additionally, the Asia pacific region is expected to register the fastest growth in the global BOPET packaging films market. The growing demand for fast-foods due to changing lifestyle trends, rising disposable incomes, and large population are expected to create significant opportunities for various players in the BOPET packaging films market. Middle East and Africa are also expected to register lucrative growth due to popularity of fast-food chains, and growing awareness about food safety.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.