Market demand upgrades, high-end BOPET film market has broad prospects

Biaxially oriented polyester film (BOPET film) is a high-end polyester film, accounting for more than 90% of polyester films. BOPET film has the characteristics of high transparency, non-toxic and odorless, good moisture resistance, and excellent optical properties. It is widely used in packaging, photovoltaics, optical displays, printing, electronics and other fields. In recent years, with the growth of my country’s economy, the market demand for BOPET films has been continuously released, and the scale of the industry has continued to expand.

According to the “2022-2026 BOPET Film Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, the benefits As market demand increases, my country’s BOPET film production capacity has steadily increased. At this stage, my country has become one of the world’s major BOPET film production locations. In 2020, the output of my country’s BOPET film industry reached 2.8 million tons, and the market size was close to 43 billion yuan. It is expected to grow to more than 68 billion yuan in 2026.

With the advancement of production technology, my country’s BOPET film industry has achieved significant improvements in quality, scale, and performance, and the domestic market has gradually become self-sufficient. At the same time, the competitiveness of domestic BOPET films in the international market has also continued to increase. Affected by the COVID-19 epidemic, foreign companies have lower operating rates, while domestic companies have resumed work and production earlier, and BOPET film orders have gradually shifted domestically. Against this background, my country’s BOPET film industry has further developed.

From the perspective of corporate competition, there are a large number of BOPET film manufacturers in my country, which can be divided into three echelons. The first echelon includes Shuangxing New Materials, Kanghui Petrochemical, Jiangsu Sanfangxiang and other companies. The annual BOPET film production capacity of the above companies is in More than 200,000 tons, the second echelon includes Zhejiang Yongsheng Technology, Keze New Materials and other companies, the third echelon includes Dongcai Technology, Guofeng Plastic Industry, etc., and the annual BOPET film production capacity is less than 100,000 tons. From the perspective of production capacity distribution, my country’s BOPET film production capacity is mainly distributed in eastern coastal areas such as Zhejiang, Jiangsu, and Shanghai, and the combined production capacity of the three accounts for more than 70%.

At this stage, my country’s BOPET film industry still has structural problems such as insufficient high-end production capacity and overcapacity in the middle and low-end. The high-end BOPET film market is still dominated by international companies such as 3M, Mitsubishi, South Korea’s SKC, and Japan’s Toray. In the context of upgrading market demand, the adjustment of the BOPET film industry structure will be an inevitable trend. Domestic enterprises should follow the market development trend and increase the research and development and production of high-end products to compete for more high-end BOPET film market shares.

Industry analysts said that BOPET films have a wide range of applications and market demand continues to grow. Under the upgrade of market demand, high-end BOPET films have developed The potential is huge. my country is the world’s largest producer of BOPET films. However, due to limitations in research and development capabilities, technical level and other factors, domestic products are mostly concentrated in the mid- to low-end fields. The BOPET film industry structure needs to be further optimized and adjusted.