BOPET Film Prices

BOPET Film Prices December 2023

The BOPET film prices in the USA for Q4 2023 reached 1,928 USD/MT in December. The market observed stability, driven by steady supplies and consistent packaging demand. Logistical challenges briefly affected prices due to shifting shipping routes and higher freight costs. Additionally, rising crude oil prices led to increased production costs, which impacted final product pricing.

The price trend for BOPET film in China for Q4 2023, reached 1,129 USD/MT in December. The market saw mixed sentiments on account of fluctuating feedstock PET prices, which affected production costs. Despite steady demand from packaging and electronics sectors, supply constraints emerged, balancing the market.

The price trend for BOPET film in Germany for Q4 2023, reached 1,984 USD/MT in December. The market faced a bearish trend because of reduced demand from the packaging sector, particularly the bottling industry during winter.

BOPET Film Price Trend, Market Analysis, and News

IMARC's latest publication, “BOPET Film Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the BOPET film market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of BOPET film at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed BOPET film price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting BOPET film pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

BOPET Film Market Analysis

The global BOPET film market size reached 8 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 10.6 Million Tons, at a projected CAGR of 3.10% during 2023-2032.

• The BOPET market is primarily driven by the increasing demand in the packaging industry reminding the higher performance characteristics of this product including high tensile strength, transparency and barrier protection.
• The increasing requirement for highly flexible packaging film in food, beverages and medicine industries, makes BOPET film a preferred option for packaging applications and, as a result, manufacturers of this film have no other choice than to increase their production capacities. As per the reports published by the IMARC Group, the global food packaging market size reached US$ 385.1 Billion in 2023 and is expected to reach US$ 611.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
• The ongoing progress of technological innovations focused on film production of BOPET are market growth inducers and the enhancement of product performance. The octene-based films (BOPET) implementation is being enhanced by innovations such as improved coating technologies, nano-layered structures, and enhanced barrier properties, hence the applications of BOPET films across various industries are being expanded. For instance, as per the report of the EU commission reports ROI of 10% in BOPET film manufacturing technology compared to 2021. Leading industries are focused on improvement of ecology, efficiency, and product adaptability to meet market expectation with a purpose to dominate global market.
• The increasing sustainability awareness and eco-conscientiousness makes the development of eco-friendly packing solutions, including BOPET films, becoming mandatory. As per Trivium Packaging's 2022 Global Buying Green Report, 86% of consumers aged under 45 insist on paying more for sustainable packaging whereas the figure 83% came in the previous year.
• The BOPET film industry has a trend of contributing to sustainability by incorporating features such as the ability to recycle, the use of biomaterials and a reduced carbon footprint in their production of production of BOPET film. This means that there has been a rise in the number of people who prefer to pack their goods with a sustainable alternative like BOPET wrappings. With this trend,both regulatory front and consumers who are becoming are becoming aware, which in turn has escalated the level of innovation and will stimulate the growth of sustainable packaging solutions.

BOPET Film News

The report covers the latest developments, updates, and trends impacting the price of BOPET film, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the BOPET film price trend.

Latest developments in the BOPET film industry:

• In December 2021, European Bioplastics collaborated with the Nova-institute represents a significant growth path for the output of the bioplastics plant on a world scale. This is going to be an approximate two million tons jump from 2.4 that occurred in 2021 to the 7.5 million projected for 2026, showing a great rise in capacity in the short term. Thus, the rapid growth of this industry indicates that sustainable better products that can substitute traditional petroleum-based plastics are extremely needed by the market. This can be attributed to environmental issues, stringent rules on use and scrapping of plastics, and advanced production processes and cutting-edge technology.
• In February 2024, Titan-Polymer announced a second production line installation for BOPET film that indicates a capacity enhancement move to keep up with increasing packaging demand. This investment signifies the company's conviction to offer exceptional and cutting-edge offerings. Beyond the enlarged capacity, Titan-Polymer aspires to enhance its current market position and cater to the rising demands of eco-friendly packaging materials among customers.

Product Description

BOPET, or biaxially-oriented polyethylene terephthalate, is a type of polyester film made through biaxial orientation, a process with which the resin is stretched from two directions, thus forming a thin, transparent and uniform thermoplastic film. In the mentioned process, the film is stretched in parallel in the machine direction (when symbolized by l) and perpendicular to the machine direction (when symbolized by t) which ensures a perfect alignment of polymer molecules thereby providing them with enhanced tensile strength, clarity, and dimensional stability. The BOPET film manufacturing is done by extruding molten polyester resin through a flooring die, followed by biaxial stretching and heat setting to gain the desired properties.

BOPET film is commonly used across different sectors of the industry due to its unique features such as high tensile strength, ease of processing, optical transparency and sealing potential against moisture and gases. Amongst the designing of BOPET film purposes for stuffs that are flexible are packaging of foods and beverages, healthcare secures, and personal care items. Apart from being used for personal electronics like headphones, speakers, and storage devices, it has a wide range of industrial applications including electrical insulation, solar panels, and magnetic tape.

Regional Coverage

The report provides a detailed analysis of the BOPET film market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the BOPET film price trend.

Global BOPET Film Price

The report offers a holistic view of the global BOPET film pricing trends in the form of BOPET film price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into BOPET film historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into BOPET film price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed BOPET film demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe BOPET Film Price

The market in Europe started with a bearish trend, transitioning to a more positive outlook as the quarter progressed. Initially, moderate sentiment improvements were seen among FMCG businesses, easing purchasing trends. High trading activity outside the region increased BOPET prices, even as declining feedstock PET costs led to lower film prices overall. A decline in inflation within the UK further affected the market. Furthermore, despite a bearish start, the market showed a slight rebound towards the end of the quarter.

This analysis can be extended to include detailed BOPET film price information for a comprehensive list of countries.

North America BOPET Film Price

The market remained stable with adequate supply levels and consistent demand from the packaging industry. A spike in logistical challenges led to a brief market rebound in December. Prices remained largely unchanged on account of a balance between existing inventory levels and market demand, coupled with stable feedstock PET costs that helped maintain production costs. However, the rising crude oil prices eventually caused a surge in BOPET production costs, impacting final product prices. Furthermore, logistical disruptions in the USA also prompted shifts in shipping routes.

Specific BOPET film historical data within the United States and Canada can also be provided.

Middle East and Africa BOPET Film Price

The market saw a notable drop in prices because of declined feedstock PET costs and an influx of cheaper imports from China and India, compelling suppliers to reduce prices. However, a brief price rebound occurred in November before another decline in December. The market remained under pressure from constant demand in the packaging sector of FMCG industries, alongside reduced crude oil prices that lowered PET production costs. The ample availability of BOPET continued to influence market conditions without significant pressure on prices.

In addition to region-wise data, information on BOPET film prices for countries can also be provided.

Asia Pacific BOPET Film Price

The market experienced a blend of bullish and stable conditions, characterized by sufficient supply, along with steady demand from packaging and electronics sectors. Stability in prices was primarily due to ample supplies and consistent feedstock PET prices, which helped control production costs. However, China's market faced significant shifts on account of varying PET feedstock prices, resulting in increased production expenses. The overall market remained balanced, with supply adjustments countering changes in demand, especially as production costs fluctuated. Despite these changes, the market maintained a generally steady trend, underpinned by controlled costs and adequate supply levels.

This BOPET film price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America BOPET Film Price

The analysis of BOPET film prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of BOPET film pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting BOPET film price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The BOPET film price charts ensure our clients remain at the forefront of the industry.