Global PET Heat Shrinkable Film Market Expands from USD 1.8 Billion in 2023 to USD 2.7 Billion by 2030
Global PET heat shrinkable film market was valued at USD 1.8 billion in 2023 and is projected to reach USD 2.7 billion by 2030, growing at a CAGR of 5.9% during the forecast period.. This trajectory is primarily fueled by increasing adoption across food & beverage packaging and industrial applications, where PET films outperform PVC alternatives in sustainability and performance metrics.

Market Overview & Regional Analysis

Asia-Pacific commands 50% market share through China's manufacturing dominance and India's expanding consumer markets. The region benefits from centralized production hubs and thriving e-commerce sectors demanding high-performance packaging. North America follows with stringent environmental regulations accelerating the PVC-to-PET transition, while Europe leads in sustainable film innovations through EU circular economy policies.

Emerging markets in Latin America and Africa present untapped potential, though infrastructure limitations and price sensitivity currently restrain adoption rates. The Middle East shows selective growth in food export packaging, leveraging PET films' compatibility with harsh climatic conditions.

Get Full Report Here: https://www.24chemicalresearch.com/reports/291946/pet-heat-shrinkable-film-market


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