PET film demand spans flexible packaging, electronics, and other specialty uses. In 2023, packaging applications led the market, while electronics—such as display films—kept global demand active. Production and consumption are concentrated in Asia-Pacific, including over half of global production, with China as a major capacity base. This page breaks down market size and regional trends, then connects them to producer capacity, consolidation, and company performance.
Key Takeaways
- PET film used in flexible packaging accounted for 42% of total applications in 2023.
- In electronics, PET film for displays consumed 3.2 million tons globally in 2022.
- Food packaging PET film demand reached 6.8 million tons in 2023 worldwide.
- Top 10 PET film producers controlled 65% of global capacity in 2023.
- Jindal Poly Films reported revenue of INR 45 billion from PET film in FY2023.
- Toray Plastics America's PET film sales grew 7% to USD 1.2 billion in 2023.
- The global PET film market size was valued at USD 32.5 billion in 2022 and is projected to reach USD 45.8 billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030.
- In 2023, the Asia-Pacific region accounted for 52% of the global PET film market share due to high demand in packaging and electronics.
- The packaging segment dominated the PET film market with a 38% revenue share in 2022, driven by food and beverage applications.
- China's PET film production capacity stood at 8.5 million tons per year in 2023.
- Jindal India reported a PET film production capacity of 250,000 TPA in FY2023.
- Global PET film manufacturing capacity increased by 2.1 million tons from 2020 to 2023.
- Asia-Pacific held 55% of global PET film production in 2023.
- US PET film imports totaled 1.1 million tons in 2023, up 4% from 2022.
- Germany's PET film market share in Europe was 22% in 2023, valued at EUR 1.8 billion.
PET film demand surged across packaging, electronics, and solar, with Asia-Pacific leading growth and capacity in 2023.
Related reading
01 · Category
Applications And Usage12 stats
01
PET film used in flexible packaging accounted for 42% of total applications in 2023.
02
In electronics, PET film for displays consumed 3.2 million tons globally in 2022.
03
Food packaging PET film demand reached 6.8 million tons in 2023 worldwide.
04
Solar backsheet PET film usage grew 12% YoY to 450,000 tons in 2023.
05
Medical packaging segment for PET film was valued at USD 2.1 billion in 2023.
06
PET film in labels and tapes represented 18% of market volume in 2022.
07
Automotive industry consumed 280,000 tons of PET film for protective films in 2023.
08
Insulating PET film for electrical applications hit 1.5 million tons in 2023.
09
PET film for graphic arts and printing used 900,000 tons globally in 2022.
10
Construction sector PET film demand for window films was 650,000 tons in 2023.
11
PET film used in flexible packaging accounted for 42% of total applications in 2023.
12
In electronics, PET film for displays consumed 3.2 million tons globally in 2022.
Interpretation
Applications And Usage Interpretation
Across applications and usage, PET film demand is broad and still expanding with flexible packaging leading at 42% in 2023 while solar backsheet usage climbed 12% year over year to 450,000 tons that same year.
02 · Category
Key Players And Financials9 stats
01
Top 10 PET film producers controlled 65% of global capacity in 2023.
02
Jindal Poly Films reported revenue of INR 45 billion from PET film in FY2023.
03
Toray Plastics America's PET film sales grew 7% to USD 1.2 billion in 2023.
04
Polyplex Corporation's EBITDA from PET film was USD 150 million in 2023.
05
Mitsubishi Polyester Film's global revenue reached EUR 850 million in 2022.
06
Cosmo Films invested USD 50 million in new PET film lines in 2023.
07
Uflex Ltd's PET film division contributed 40% to total revenue of INR 112 billion in FY2023.
08
Kolon Industries' PET film profit margin was 12.5% in 2023.
09
FlexFilms' capacity expansion cost USD 200 million announced in 2023.
Interpretation
Key Players And Financials Interpretation
In 2023 the key players in the PET film industry were highly concentrated, with the top 10 producers controlling 65% of global capacity, while major companies showed strong financial momentum such as Toray Plastics America’s PET film sales rising 7% to USD 1.2 billion and Polyplex’s EBITDA reaching USD 150 million.
03 · Category
Market Size And Growth20 stats
01
The global PET film market size was valued at USD 32.5 billion in 2022 and is projected to reach USD 45.8 billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030.
02
In 2023, the Asia-Pacific region accounted for 52% of the global PET film market share due to high demand in packaging and electronics.
03
The packaging segment dominated the PET film market with a 38% revenue share in 2022, driven by food and beverage applications.
04
PET film demand in North America grew by 4.2% YoY in 2023, reaching 2.8 million tons annually.
05
The global PET film market is expected to witness a volume growth of 4.8% from 2023 to 2028, led by sustainable packaging trends.
06
Europe's PET film market was valued at EUR 4.2 billion in 2022, with a projected CAGR of 4.1% through 2029.
07
In 2023, the optical grade PET film segment held 25% of the market, valued at USD 8.1 billion globally.
08
India's PET film market expanded by 7.5% in 2023 to USD 1.9 billion, fueled by FMCG sector growth.
09
The biaxially oriented PET (BOPET) film sub-market reached 15.2 million tons in global production in 2022.
10
Global PET film exports grew 3.9% in 2023, totaling USD 12.4 billion in trade value.
11
The global PET film market size was valued at USD 32.5 billion in 2022 and is projected to reach USD 45.8 billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030.
12
In 2023, the Asia-Pacific region accounted for 52% of the global PET film market share due to high demand in packaging and electronics.
13
The packaging segment dominated the PET film market with a 38% revenue share in 2022, driven by food and beverage applications.
14
PET film demand in North America grew by 4.2% YoY in 2023, reaching 2.8 million tons annually.
15
The global PET film market is expected to witness a volume growth of 4.8% from 2023 to 2028, led by sustainable packaging trends.
16
Europe's PET film market was valued at EUR 4.2 billion in 2022, with a projected CAGR of 4.1% through 2029.
17
In 2023, the optical grade PET film segment held 25% of the market, valued at USD 8.1 billion globally.
18
India's PET film market expanded by 7.5% in 2023 to USD 1.9 billion, fueled by FMCG sector growth.
19
The biaxially oriented PET (BOPET) film sub-market reached 15.2 million tons in global production in 2022.
20
Global PET film exports grew 3.9% in 2023, totaling USD 12.4 billion in trade value.
Interpretation
Market Size And Growth Interpretation
The global PET film market is set to expand from USD 32.5 billion in 2022 to USD 45.8 billion by 2030 with strong growth momentum, and this Market Size And Growth trend is supported by regional demand such as Asia Pacific’s 52% share in 2023 and North America’s 4.2% YoY volume rise to 2.8 million tons annually.
More related reading
04 · Category
Production And Capacity20 stats
01
China's PET film production capacity stood at 8.5 million tons per year in 2023.
02
Jindal India reported a PET film production capacity of 250,000 TPA in FY2023.
03
Global PET film manufacturing capacity increased by 2.1 million tons from 2020 to 2023.
04
South Korea's PET film output reached 1.2 million metric tons in 2022, up 5% YoY.
05
DuPont Teijin Films expanded its US PET film plant capacity to 180,000 tons annually in 2023.
06
India's total PET film capacity was 1.8 million TPA in 2023, with 85% utilization rate.
07
Mitsubishi Chemical's PET film production hit 450,000 tons in Japan for FY2022.
08
Europe’s PET film capacity utilization averaged 78% in 2023 amid raw material shortages.
09
Toray Industries produced 1.1 million tons of PET film globally in 2023.
10
Brazil's PET film production grew to 350,000 tons in 2023, a 6% increase.
11
China's PET film production capacity stood at 8.5 million tons per year in 2023.
12
Jindal India reported a PET film production capacity of 250,000 TPA in FY2023.
13
Global PET film manufacturing capacity increased by 2.1 million tons from 2020 to 2023.
14
South Korea's PET film output reached 1.2 million metric tons in 2022, up 5% YoY.
15
DuPont Teijin Films expanded its US PET film plant capacity to 180,000 tons annually in 2023.
16
India's total PET film capacity was 1.8 million TPA in 2023, with 85% utilization rate.
17
Mitsubishi Chemical's PET film production hit 450,000 tons in Japan for FY2022.
18
Europe’s PET film capacity utilization averaged 78% in 2023 amid raw material shortages.
19
Toray Industries produced 1.1 million tons of PET film globally in 2023.
20
Brazil's PET film production grew to 350,000 tons in 2023, a 6% increase.
Interpretation
Production And Capacity Interpretation
For the production and capacity outlook, global PET film capacity grew by 2.1 million tons from 2020 to 2023 while major hubs such as China alone reached 8.5 million tons per year in 2023 and India stood at 1.8 million TPA with an 85% utilization rate, indicating steady scale-up alongside fairly high operating demand.
05 · Category
Regional Analysis9 stats
01
Asia-Pacific held 55% of global PET film production in 2023.
02
US PET film imports totaled 1.1 million tons in 2023, up 4% from 2022.
03
Germany's PET film market share in Europe was 22% in 2023, valued at EUR 1.8 billion.
04
Middle East PET film consumption grew 8.2% to 250,000 tons in 2023.
05
Japan's PET film exports reached 450,000 tons in 2023.
06
Latin America's PET film market expanded to USD 1.2 billion in 2023.
07
Southeast Asia's PET film demand surged 9% YoY to 2.1 million tons in 2023.
08
Russia's PET film production capacity was 200,000 TPA in 2023 despite sanctions.
09
Africa's PET film imports rose 15% to 180,000 tons in 2023.
Interpretation
Regional Analysis Interpretation
Regional dynamics are shaping the PET film industry most strongly as Asia Pacific generated 55% of global production in 2023, while markets like Europe held a 22% share in Germany and the Middle East and Latin America posted 8.2% and 2023 growth to USD 1.2 billion respectively.
Reference
Cite This Report
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APA
Marie Larsen. (2026, February 13). Pet Film Industry Statistics. Gitnux. https://gitnux.org/pet-film-industry-statistics
MLA
Marie Larsen. "Pet Film Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/pet-film-industry-statistics.
Chicago
Marie Larsen. 2026. "Pet Film Industry Statistics." Gitnux. https://gitnux.org/pet-film-industry-statistics.
Sources & references
48 datasets cited across this report · attribution is report-level