Market Overview:
The global PET heat shrinkable film market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for PET heat shrinkable films from various end-use industries, such as wire and cable, electronic equipment, automotive, medical and others. In terms of type, the thin-wall type segment is expected to lead the global PET heat shrinkable film market during the forecast period. This can be attributed to its high thermal stability and excellent mechanical properties. In terms of application, the wire and cable segment is expected to lead the global PET heat shrinkable film market during the forecast period.
Product Definition:
PET Heat Shrinkable Film is a thermoplastic film which shrinks in diameter when heated. It is used for bundling, packaging and protecting products during shipping.
Thin-Wall Type:
The global thin-wall type, it's usage and growth factor in PET heat shrinkable film market size was valued at USD 1.5 billion in 2015. The increasing demand for lightweight vehicles is expected to be a key factor driving the industry growth over the forecast period.
North America thin-wall type, it's usage.
Normal Type:
Normal type is the most widely used type of PET film. It has a thickness of between 0.48 and 0.74 mm, a weight range from 3 to 4 gsm and an average shrinkage of 40% when heated at 200°C for 2 minutes. The shrinkage decreases with increasing temperature (lower for higher temperatures) and increases with decreasing density (smaller for higher densities).
Application Insights:
Wire and cable was the largest application segment in 2017. It is expected to witness growth at a CAGR of XX% over the forecast period owing to its increasing use in electrical and electronics industry applications such as wires for power, data, and communication; cables for heat shrinkage; insulation covering; bundling/cable protection etc. Electronic equipment is estimated to be the fastest growing application segment from 2018 to 2030 due to its high demand from various end-use industries such as consumer electronics, medical equipment, telecommunication etc.
Heat shrinkable films are used in automotive electronic components that require low thermal resistance between two surfaces (a component body & an external environment). They are also used in medical devices where there is a high risk of vibration or mechanical stress on components due these films providing isolation between component bodies & surroundings which reduces reliability risks associated with automotive manufacturing & healthcare supply chain operations globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand from end-use industries such as automotive, medical, industrial machinery, etc. China is one of the largest markets for pet film in this region owing to presence of a large number of manufacturers and suppliers coupled with high demand from various application industries.
The Middle East & Africa (MEA) market is anticipated to grow at a significant rate over the forecast period owing to rapid development taking place in various end-use applications such as electrical & electronics industry; building & construction materials; automotive components; etc. In addition MEA countries are investing heavily in R&D activities related to heat shrinkable films which will drive product adoption over next eight years or so.
Growth Factors:
- Increasing demand for lightweight and durable packaging materials
- Rising demand from end-use industries such as automotive, electrical & electronics, and construction
- Growing popularity of PET heat shrinkable films for food packaging applications
- Technological advancements in production processes that result in improved quality and performance of PET heat shrinkable films
- Rising disposable income levels of consumers across the globe that is resulting in increased spending on packaged foods
Scope Of The Report
Report Attributes
Report Details
Report Title
PET Heat Shrinkable Film Market Research Report
By Type
Thin-Wall Type, Normal Type, Others
By Application
Wire and Cable, Electronic Equipment, Automotive, Medical, Others
By Companies
TE Connectivity, Alpha Wire, Hellermann Tyton, Molex, Panduit, Qualtek, 3M, Dicore, SUMITOMO, Gardner Bender, IDEAL, DSG-canusa, Raychem, The Hillman Group, Brother, Insultab, Vinylguard, Thomas&Betts, Burndy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global PET Heat Shrinkable Film Market Report Segments:
The global PET Heat Shrinkable Film market is segmented on the basis of:
Types
Thin-Wall Type, Normal Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wire and Cable, Electronic Equipment, Automotive, Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TE Connectivity
- Alpha Wire
- Hellermann Tyton
- Molex
- Panduit
- Qualtek
- 3M
- Dicore
- SUMITOMO
- Gardner Bender
- IDEAL
- DSG-canusa
- Raychem
- The Hillman Group
- Brother
- Insultab
- Vinylguard
- Thomas&Betts
- Burndy
Highlights of The PET Heat Shrinkable Film Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thin-Wall Type
- Normal Type
- Others
- By Application:
- Wire and Cable
- Electronic Equipment
- Automotive
- Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PET Heat Shrinkable Film Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PET Heat Shrinkable Film is a type of film that shrinks when heated. This film is often used to make packaging for products that need to be stored at low temperatures, such as food.
Some of the key players operating in the pet heat shrinkable film market are TE Connectivity, Alpha Wire, Hellermann Tyton, Molex, Panduit, Qualtek, 3M, Dicore, SUMITOMO, Gardner Bender, IDEAL, DSG-canusa, Raychem, The Hillman Group, Brother, Insultab, Vinylguard, Thomas&Betts, Burndy.
The pet heat shrinkable film market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PET Heat Shrinkable Film Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 PET Heat Shrinkable Film Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 PET Heat Shrinkable Film Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the PET Heat Shrinkable Film Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global PET Heat Shrinkable Film Market Size & Forecast, 2018-2028 4.5.1 PET Heat Shrinkable Film Market Size and Y-o-Y Growth 4.5.2 PET Heat Shrinkable Film Market Absolute $ Opportunity
Chapter 5 Global PET Heat Shrinkable Film Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 PET Heat Shrinkable Film Market Size Forecast by Type
5.2.1 Thin-Wall Type
5.2.2 Normal Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global PET Heat Shrinkable Film Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 PET Heat Shrinkable Film Market Size Forecast by Applications
6.2.1 Wire and Cable
6.2.2 Electronic Equipment
6.2.3 Automotive
6.2.4 Medical
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PET Heat Shrinkable Film Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PET Heat Shrinkable Film Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America PET Heat Shrinkable Film Analysis and Forecast
9.1 Introduction
9.2 North America PET Heat Shrinkable Film Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America PET Heat Shrinkable Film Market Size Forecast by Type
9.6.1 Thin-Wall Type
9.6.2 Normal Type
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America PET Heat Shrinkable Film Market Size Forecast by Applications
9.10.1 Wire and Cable
9.10.2 Electronic Equipment
9.10.3 Automotive
9.10.4 Medical
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe PET Heat Shrinkable Film Analysis and Forecast
10.1 Introduction
10.2 Europe PET Heat Shrinkable Film Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe PET Heat Shrinkable Film Market Size Forecast by Type
10.6.1 Thin-Wall Type
10.6.2 Normal Type
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe PET Heat Shrinkable Film Market Size Forecast by Applications
10.10.1 Wire and Cable
10.10.2 Electronic Equipment
10.10.3 Automotive
10.10.4 Medical
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific PET Heat Shrinkable Film Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific PET Heat Shrinkable Film Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific PET Heat Shrinkable Film Market Size Forecast by Type
11.6.1 Thin-Wall Type
11.6.2 Normal Type
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific PET Heat Shrinkable Film Market Size Forecast by Applications
11.10.1 Wire and Cable
11.10.2 Electronic Equipment
11.10.3 Automotive
11.10.4 Medical
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America PET Heat Shrinkable Film Analysis and Forecast
12.1 Introduction
12.2 Latin America PET Heat Shrinkable Film Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America PET Heat Shrinkable Film Market Size Forecast by Type
12.6.1 Thin-Wall Type
12.6.2 Normal Type
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America PET Heat Shrinkable Film Market Size Forecast by Applications
12.10.1 Wire and Cable
12.10.2 Electronic Equipment
12.10.3 Automotive
12.10.4 Medical
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) PET Heat Shrinkable Film Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) PET Heat Shrinkable Film Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) PET Heat Shrinkable Film Market Size Forecast by Type
13.6.1 Thin-Wall Type
13.6.2 Normal Type
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) PET Heat Shrinkable Film Market Size Forecast by Applications
13.10.1 Wire and Cable
13.10.2 Electronic Equipment
13.10.3 Automotive
13.10.4 Medical
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PET Heat Shrinkable Film Market: Competitive Dashboard
14.2 Global PET Heat Shrinkable Film Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TE Connectivity
14.3.2 Alpha Wire
14.3.3 Hellermann Tyton
14.3.4 Molex
14.3.5 Panduit
14.3.6 Qualtek
14.3.7 3M
14.3.8 Dicore
14.3.9 SUMITOMO
14.3.10 Gardner Bender
14.3.11 IDEAL
14.3.12 DSG-canusa
14.3.13 Raychem
14.3.14 The Hillman Group
14.3.15 Brother
14.3.16 Insultab
14.3.17 Vinylguard
14.3.18 Thomas&Betts
14.3.19 Burndy