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Biaxially Oriented Polyethylene Terephthalate (BOPET) Film Price Trend and Forecast
Biaxially Oriented Polyethylene Terephthalate (BOPET) Film Price Trend and Forecast
BOPET Film Regional Price Overview
Get the latest insights on price movement and trend analysis of Biaxially Oriented Polyethylene Terephthalate (BOPET) Film in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Biaxially Oriented Polyethylene Terephthalate (BOPET) Film Price Trend for the Q1 of 2024
Asia
Despite a bullish PTA feedstock price, Biaxially Oriented Polyethylene Terephthalate (BOPET) prices in China remained stagnant throughout the first quarter of 2024. This stability was due to the offsetting effects of higher PTA costs and only mild demand, resulting in a surge in production costs and a decline in the profits of the manufacturing communities. Additionally, sluggish export demand, typical seasonal dullness, and geopolitical tensions dampened purchasing enthusiasm.
Biaxially Oriented Polyethylene Terephthalate (BOPET) Film Price Chart
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As tensions in the Red Sea region escalated, concerns about trade disruptions and rising shipping costs loomed over the BOPET market. While stable feedstock costs and steady demand offer temporary stability, potential trade disruptions, shipping cost increases, and future PTA fluctuations pose challenges to raising BOPET prices.
Europe
The European Biaxially Oriented Polyethylene Terephthalate (BOPET) market stabilized towards the end of the first quarter after a consequent price increase driven by limited supply and steady upstream prices. The market traders and manufacturers noticed this change in the market momentum during the last quarter of 2023 only, which further continued in the first quarter of 2024 as well.
The Biaxially Oriented Polyethylene Terephthalate (BOPET) also remained positive due to port closures in Germany and shipping route alterations prompted by security issues in the Red Sea region. Downstream purchasing remained at an all-time high in the initial phase of the quarter but slowed a little towards the end of the quarter.
North America
In the US market, BOPET Film prices experienced a slow and steady incline during the first quarter of 2024 due to limited inventories amidst heightened demand from the packaging industry during the festive season in Asian countries. Severe weather conditions disrupted the supply chain, increasing lead times and prompting a surge in demand.
Despite inflation rates remaining stagnant, positive purchasing sentiments persisted throughout the first quarter of 2024, supported by ongoing discounts from major retail chains. Further, the rise in the cost of crude oil and an increasing number of sanctions on oil exports by Russia and Saudi Arabia raised the overall cost of production and, invariably, the quoted prices of Biaxially Oriented Polyethylene Terephthalate (BOPET).
Analyst Insight
According to Procurement Resource, the price trend of Biaxially Oriented Polyethylene Terephthalate (BOPET) Film is estimated to continue its northward journey with the rise in the demand from the packaging sector and the inclining cost of production globally.
Procurement Resource provides latest prices of Biaxially Oriented Polyethylene Terephthalate (BOPET) Film. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About BOPET Film
Biaxially Oriented Polyethylene Terephthalate (BOPET) is a polyester film made from polyethylene terephthalate that undergoes a biaxial orientation process. This process involves stretching the film in both the machine direction and the transverse direction, resulting in a film with enhanced mechanical properties and dimensional stability. BOPET films are known for their high tensile strength, stiffness, and excellent optical clarity.
They exhibit good barrier properties against moisture, oxygen, and chemicals, making them suitable for various packaging applications, including food packaging, labels, and industrial films. Additionally, BOPET films are heat-resistant and have excellent thermal stability, allowing them to withstand high-temperature processing methods such as heat sealing and lamination.
BOPET Film Product Details
| Report Features | Details |
| Product Name | Biaxially Oriented Polyethylene Terephthalate (BOPET) Film |
| Chemical Formula | (C10H8O4)n |
| Industrial Uses | Food and Beverage, Cosmetics, Personal Care, Automobile Industry, Semiconductors and Electronics Industries, Pharmaceutical Industries |
| Molecular Weight | 16000-20000 g/mol |
| Synonyms | Mylar |
| Supplier Database | Uflex Limited, Mitsubishi Polyester Film, Inc, Jindal Poly Films Ltd, SRF Limited, Retal Industries Ltd, Polyplex, DuPont Teijin |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
BOPET Film Production Process
The production method of BOPET films employs cutting-edge technology and premium resin. Melting the resin and extruding it through a die with a thin slit is the first step in the process. After that, the film is stretched in both transverse and machine directions to give it the correct thickness and characteristics. Heat-setting the film is the last step in improving its dimensional stability and other characteristics. BOPET films produced by this technique have outstanding mechanical and thermal stability, which makes them a popular substrate for a variety of uses.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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