What is Global Film Grade PET Chips Market?
The Global Film Grade PET Chips Market is a vast and dynamic sector that deals with the production and distribution of PET chips, which are primarily used in the film industry. PET, or Polyethylene Terephthalate, is a type of plastic that is widely used in various industries due to its versatile properties such as durability, strength, and transparency. In the film industry, PET chips are used to manufacture film sheets that are used in various applications such as packaging, magnetic tapes, and other uses. The market for these chips is global, meaning that it encompasses the entire world, with various regions contributing to its growth and development. The market is influenced by various factors such as technological advancements, demand and supply dynamics, and the economic conditions of various regions.
Bright Polyester Chips, Film Masterbatch Polyester Chips in the Global Film Grade PET Chips Market:
Bright Polyester Chips and Film Masterbatch Polyester Chips are two key products in the Global Film Grade PET Chips Market. Bright Polyester Chips are known for their high clarity and brightness, making them ideal for applications that require a clear and bright finish. On the other hand, Film Masterbatch Polyester Chips are used in the production of film sheets that are used in various applications such as packaging, magnetic tapes, and other uses. These chips are known for their high quality and performance, making them a preferred choice for many manufacturers. The market for these chips is influenced by various factors such as technological advancements, demand and supply dynamics, and the economic conditions of various regions.
Packaging Material, Film, Magnetic Tape, Other in the Global Film Grade PET Chips Market:
The Global Film Grade PET Chips Market finds extensive usage in areas such as Packaging Material, Film, Magnetic Tape, and others. In the packaging industry, these chips are used to manufacture packaging films that are used to package various products. These films are known for their high strength, durability, and transparency, making them ideal for packaging purposes. In the film industry, these chips are used to produce film sheets that are used in various applications. In the magnetic tape industry, these chips are used to manufacture magnetic tapes that are used in various applications such as data storage, audio recording, and others. The market for these chips is influenced by various factors such as technological advancements, demand and supply dynamics, and the economic conditions of various regions.
Global Film Grade PET Chips Market Outlook:
Looking at the market outlook for the Global Film Grade PET Chips Market, it is evident that the market is on a growth trajectory. In 2022, the market was valued at US$ 898.2 million and it is expected to reach a value of US$ 1352.9 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period of 2023-2029. The largest end-use industry segment of the market is the Packaging Film segment, which holds a 69% share of the global market. This indicates that the demand for PET chips in the packaging film industry is high and is expected to continue to grow in the future.
| Report Metric | Details |
| Report Name | Film Grade PET Chips Market |
| Accounted market size in 2022 | US$ 898.2 million |
| Forecasted market size in 2029 | US$ 1352.9 million |
| CAGR | 5.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Toray, SKC Films, DuPont Teijin Films, Mitsubishi, Polyplex, Kolon, Jindal, JBF, SRF, Terphane, Uflex, PT Trias Sentosa, Polinas, Coveme, Jiangsu Shuangxing, Jiangsu Xingye, Kanghui Petrochemical, Ouya (Cifu), Billion Indusrial Hildings, Ningbo Jinyuan, Shaoxing Weiming, Shaoxing Xiangyu, DDN, Jianyuanchun, Fuweifilm, Qiangmeng Industry, Jiangsu Yuxing |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
