Saudi Arabia BOPET Packaging Films Market Size Grows Steadily to Cross USD 197 Million by 2029

Published | 07 February 2023

Saudi Arabia BOPET packaging films market is flourishing because of increasing environmental awareness and rising demand for the product from the pharmaceuticals industry.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia BOPET packaging films market size at USD 133.36 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Saudi Arabia BOPET packaging films market size to grow at a significant CAGR of 5.88% reaching a value of USD 197.42 million by 2029. Major growth drivers for Saudi Arabia BOPET packaging films market include increasing demand for flexible packaging, and the flat panel display industry is expanding. The region's increasing industrialization and urbanization activities are contributing to an increase in film demand. BOPET films are commonly used in the pharmaceutical sector to maintain the physical and chemical properties of the medicine. Rising e-commerce activity is also a major driving force in the expansion of films. The region's increased use of packaged foods and beverages is also driving up demand for films. Furthermore, the growing pharmaceutical and food and beverage industries are driving the BOPET films market. Furthermore, increased consumption of ready-to-eat foods is boosting the growth of the Saudi Arabia BOPET packaging films market during the forecast period. However, stringent regulatory policies are anticipated to restrain the market growth.

Saudi Arabia BOPET Packaging Films Market – Overview

Biaxially oriented polypropylene (BOPET) film is a film that has been stretched in both the machine and transverse directions, resulting in molecular chain orientation in both directions. BOPP film is made using a tubular process in which a tubular bubble is inflated, or through a tender frame process in which a thick extruded sheet is heated to its softening point (not melting point) and mechanically stretched by 300–400%. It is a more common procedure than the tubular process, and it produces a glossy, transparent film. Biaxial orientation results in higher toughness, stiffness, clarity, oil and grease resistance, and improved barrier characteristics to water vapor and oxygen. The impact resistance, low-temperature impact resistance, and flex fracture resistance have all been significantly improved.

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Impact of COVID-19 on Saudi Arabia BOPET Packaging Films Market

COVID-19 had affected the majority of industries around the world, prompting a slew of public health measures and disrupting manufacturers' supply networks. The spread of the pandemic has resulted in the closure of numerous operating facilities around the world. However, market participants are attempting to protect their employees' well-being and health while supporting government aims for the continuation of critical commercial activities such as food production, healthcare, and electricity generation. Another big issue has been a reduction in cash flow, with most customers falling behind on payments or unable to complete orders, and inventory being canceled as a result of interrupted supply chains. On the plus side, BOPET films, which are widely utilized in the packaging of a range of e-commerce orders and are in high demand, can result in significant market demand in the coming years.

Saudi Arabia BOPET Packaging Films Market – By End User

Based on end user, Saudi Arabia BOPET packaging films market is divided Food & Beverages, Cosmetics, Personal Care, Homecare, Automobile Industry, Semiconductors & Electronics Industries, and Pharmaceutical Industry segments. The food and beverages segment has been the market's leading end-use industry since 2020. The sector has the largest market share and is expected to grow rapidly in the next years. The pharmaceutical industry, on the other hand, is expected to dominate the market. The high demand for biodegradable materials for pharmaceutical packaging may boost the growth rate of the BOPET films market in the future.

Competitive Landscape

Major players operating in Saudi Arabia BOPET packaging films market include Uflex Limited., Mitsubishi Polyester Film, Inc., Jindal Poly Films Ltd., SRF Limited, Retal Industries LTD, Polyplex, Terphane, Esterindustries.com, and Garware Polyester Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia BOPET Packaging Films Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia BOPET Packaging Films Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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