Demand for PET film in food packaging is expected to grow 2.5% per year to 219 million pounds in 2021. Meat, poultry, and seafood and snack food were the two leading outlets for PET film packaging in 2016, together accounting for 40% of demand. In both markets, growth will be stimulated by higher barrier demands. Opportunities in the meat, poultry, and seafood market include heat-and-eat packaging and retort pouches and growth areas in snack food include high-barrier, transparent pouches for snack nuts and high-end chip and popcorn bags.
However, according to analyst Ellen Kriz, “Growth will be restrained by competition from high barrier resins such as nylon and PVDC that are well-established in the meat, poultry and seafood market, as well as limited applications in snack food packaging. Most demand for film in snack food packaging derives from polypropylene bags.”
Packaging Films Market in the US is available for $5,300 from The Freedonia Group.