Packaging market drives demand for BOPET film growth

According to relevant data, the price of BOPET common film in China has experienced fluctuations since the end of 2016. The supply and demand and price of BOPET market have not yet been symmetrical. The cash flow processing fee needs to be rebalanced. The market pull will take more time and upstream. Coordination, looking at the long-term, the demand situation itself, in fact, will still change along the inherent laws.

In the United States, with the growing demand for packaging (especially food, daily packaging), the supply of BOPET film in North America will continue to rise.

Since the medium barrier properties of PET are better than other resin materials and the price is low, the demand for BOPET film in food packaging is expected to increase by 2.5% per year and reach 282 million US dollars in 2021. In 2016, meat, poultry, seafood and snack packaging were the main channels for BOPET film packaging, accounting for 40% of total demand. The demand for BOPET film in the meat, poultry and seafood markets mainly includes hot food packaging and retort pouches, while the growth of snacks includes high-barrier transparent bags, nuts and potato chips bags, and popcorn bags.

In late 2017, BOPA's new capacity release is expected to be approaching. At that time, the BOPA price war will be inevitable, and the value of the nobility will also become the civilian price, which will greatly affect the material selection of food and daily packaging enterprises, and increase the nylon membrane. Exports will also be an important market choice for domestic BOPA film companies. The demand for BOPET film growth will be limited by the competition of high barrier resins such as nylon and PVDC.

The application of these materials in the meat, poultry and seafood markets is relatively mature, and the application of BOPET film in the field of snack packaging is limited. At present, the main material of the snack packaging bag is still BOPP, but it is used for surface printing. At present, the total BOPET production of BOPET is second only to BOPP, which is millions of tons, while BOPA and PVDC are only several hundred thousand tons, which is not enough to shake the market structure of the whole packaging film. With PET alumina, enhanced type The expansion and application of high-barrier materials such as aluminum plating, there is still much room for growth in the later BOPET.