Biaxially Oriented Polyethylene Terephthalate films market to grow till decade-end

Biaxially oriented polyethylene terephthalate (BoPET) is a polyester film made from stretched polyethylene terephthalate (PET). It is manufactured by using high quality resins and state of art technology. The film has excellent mechanical & thermal stability, because of which it is a preferred substrate for various applications such as flexible packaging and food contact, covering over paper, insulating material, solar, marine and aviation, electronic and acoustic and others. These applications are projected to be the growing application areas of this market. In addition, this market has huge contribution in the growth of food and beverages owing to its properties like clear and glossy. The BoPET film market is witnessing high growth in the North American and APAC regions owing to the increase in demand for its application areas. Asia Pacific is the fastest growing region and its growth is mainly attributed to the high economic growth rate in this region, as per DecisionDatabases.
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