Report Overview

Increasing product demand from pharmaceutical industry and rise in consciousness towards environment are projected to propel the expansion of Saudi Arabia BOPET packaging films market during forecast period between 2023 and 2029.

Saudi Arabia BOPET Packaging Films Market - Industry Trends & Forecast Report, 2029

Saudi Arabia BOPET (Biaxially Oriented Polyethylene Terephthalate) packaging films market size was estimated at USD 133.36 million in 2022. During the forecast period between 2023 and 2029, the size of Saudi Arabia BOPET packaging films market is projected to grow at 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.

Saudi Arabia BOPET Packaging Films Market – Overview

Biaxially oriented polypropylene 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.

Saudi Arabia BOPET Packaging Films Market

Growth Drivers

To a considerable extent, the easy and widespread availability of primary raw materials has benefited the biaxially-oriented polyethylene terephthalate films market. These films are widely used in the pharmaceutical and cosmetic packaging industries. Because of rising consumer spending power and an emphasis on personal well-being, these businesses have strong growth indicators for the product. With a growing inclination for environmentally friendly products, the biaxially oriented polyethylene terephthalate films market is likely to rise rapidly in the coming years. These films are employed in practically every industry, from food to clothing. The high product demand is supported by BOPET films' waste-reducing properties, which help save natural resources and contribute to a healthy environment.

Restraints

Volatile Raw Material Prices

The inaccessibility of various packaging methods due to expensive raw material costs forces suppliers to rely on obsolete packaging. This may have a negative influence on both the environment and the economy. Furthermore, the high cost of trained labor might pose a substantial hurdle to the Saudi Arabia market.

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

COVID-19 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. BOPET films, which are widely utilized in the packaging of a range of e-commerce orders and are in high demand, are expected to witness significant market demand in the coming years.

Saudi Arabia BOPET Packaging Films Market

Segmental Coverage

Saudi Arabia BOPET Packaging Films Market – By Product

By product, Saudi Arabia BOPET packaging films market is segmented into Pouches, Sachets, Bags, Shrink Films, and Stretch Wraps. The bags segment held the highest market share because they are stackable, lightweight, and have excellent barrier and tensile properties. These bags are widely utilized for packaging cereals, pulses, dairy products, grass seed, drinks, animal nutrition, fertilizers, and pet food, propelling the segment's market position even further.

Saudi Arabia BOPET Packaging Films Market – By Coating

Based on coating, Saudi Arabia BOPET packaging films market is divided into UV Treated, Corona Treated, Chemical Coated, Acrylic Coated, and Copolymer Treated segments.

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.

Scope of the Report

By Product

• Pouches

• Sachets

• Bags

• Shrink Films

• Stretch Wraps

By Coating

• UV Treated

• Corona Treated

• Chemical Coated

• Acrylic Coated

• Copolymer Treated

By End Use

• Food & Beverages

• Cosmetics

• Personal Care

• Homecare

• Automobile Industry

• Semiconductors & Electronics Industries

• Pharmaceutical Industry