The Polyester Film Market is projected to reach USD 44.2 Billion by 2028, at a CAGR of 6.2% from USD 32.7 Billion in 2023. The market growth is driven by factors such as Increasing demand for flexible packaging materials, rising disposable income and changing consumer lifestyle patterns. Polyester film is used in the packaging of a variety of consumer goods, such as cosmetics, personal care products, and electronics. Polyester film is a lightweight and durable material that can be printed with high-quality graphics, making it ideal for consumer packaging applications.
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North America is the fastest-growing region in the polyester film industry, driven by rising demand for sustainable packaging. Consumers and businesses seek eco-friendly options, favoring polyester films made from recycled or renewable materials over traditional paper and plastic.
The key players in the polyester film market are DuPont Teijin Films (US), TORAY INDUSTRIES, INC. (Japan), Mitsubishi Polyester Film GmbH (Germany), Kolon Industries, Inc. (South Korea), ESTER INDUSTRIES LIMITED (India), Jindal Films Limited (India), Terphane LLC (US), TOYOBO CO. LTD.,(Japan), Polyplex Corporation Limited (India). These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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Mitsubishi Polyester Film GmbH
Mitsubishi Polyester Film GmbH (MPF GmbH) is the European base of the Mitsubishi Polyester Film group, one of the largest manufacturers of biaxially oriented polyester films (boPET). MPF GmbH is headquartered in Wiesbaden, Germany, and has a production capacity of 250,000 tons per year. Mitsubishi Polyester Film GmbH produces a wide range of boPET films under the HOSTAPHAN® brand name. HOSTAPHAN® films are used in a variety of industries, including food and beverage packaging, pharmaceuticals, electrical and electronics, and medical devices. MPF GmbH is committed to sustainability and innovation. The company produces a number of sustainable boPET films, such as films made from recycled materials and films that are biodegradable. MPF GmbH is also developing new boPET films with improved properties, such as films with higher barrier properties and films that are more resistant to chemicals and heat.
TORAY INDUSTRIES, INC.
Toray Industries, Inc., headquartered in Chuo, Tokyo, Japan, is a multinational corporation with a diverse range of business segments. Founded in 1926, Toray is a major player in the production of advanced materials, including fibers and textiles, plastics and chemicals, films, and IT-related products. They are renowned for their synthetic fibers, plastics, and innovative materials used in various industries, such as aviation, automotive, and electronics. Additionally, the company has a growing presence in environmental and engineering businesses and life sciences, including medical devices and pharmaceuticals.
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