According to China’s plastic film network tracking data, China’s domestic BOPET ordinary film prices have experienced fluctuations since the end of 2016, the BOPET market supply and demand has not been symmetrical. Cash flow processing costs need to be balanced, and the improvement of the market is more necessary. Time and upstream cooperation, look forward, demand the situation itself, actually along the inherent law.
The demand for BOPET membranes is growing at 2.4% per year, and it is expected to grow to $ 415 million in 2021, exceeding other major resin packaging films. According to our tracking of the US packaging film market, with the growth demand of packaging (especially food, daily packaging), North America BOPET membrane supply will continue to rise.
Since the medium blocking performance of PET is better than other resin materials, the price is low, the demand in the food packaging is expected to increase by 2.5% a year, reaching 282 million US dollars in 2021. In 2016, meat, poultry, seafood and snack packaging are the main channels of BOPET film packaging, accounting for 40% of total demand. Meat, poultry and seafood market demand for BOPET film mainly include hot food packaging and cooking bags, while the field of snacks include high-barrier transparent bags, nuts and potato chips, popcorn bags.
In the late 2017, the new production capacity release is expected to be approaching. At that time, BOPA price war is inevitably, and the price of the nobles will also become a civilian price. This will largely affect the materials of food, daily packaging enterprises, and increase nylon membranes Exports will also be important market selection of domestic BOPA membrane enterprises, and BOPET film demand will increase or will be competed by high barrier resins such as nylon, PVDC.
These materials are relatively mature in meat, poultry and seafood market, and BOPET film is limited in the field of spat packaging. The main material of the snack bag is still BOPP, but it is used as surface printing. At present, BOPET global BOPET production is second only to BOPP, which is millions of tons, while BOPA, PVDC only tens of thousand tons, is not enough to shake the overall packaging film, with PET alumina, enhanced type Expansion of high barrier materials such as aluminum plating, there is still a big growth space in the later BOPET.