PET film demand in the packaging market is set to expand by 2.4 per cent a year to reach 322 million pounds (146,000 tonnes) by 2021, faster than any of the major packaging film resins, claims Freedonia.
Growth will be driven by rising barrier requirements, particularly in food packaging. PET’s moderate barrier properties can better address these requirements than other commodity resins at a comparable cost.
Demand for PET film in food packaging is expected to grow at 2.5 per cent a year to 219 million pounds (99,000 tonnes) by 2021. Meat, poultry, and seafood and snack food were the two leading outlets for PET film packaging in 2016, together accounting for 40 per cent of demand. In both markets, growth will be stimulated by higher barrier demands.
Analyst Ellen Kriz said: “Growth will be restrained by competition from high barrier resins such as nylon and PVDC that are well established in the meat, poultry and seafood market, as well as limited applications in snack food packaging. Most demand for film in snack food packaging derives from polypropylene bags.”