PETG film is a kind of film which made of PETG. PETG (Glycol-modified Polyetthylene Teraphthalate) is an amorphous plastic resin of the polyster family. Due to its 80% shrinkage, highest among all shrink sleeve material, PETG is an ideal solution for container shrink film that have complex geometries and require superior printability. Compared to other material, PETG resin is much more environmentally friendly making it a perfect solution for companies looking to switch from more harmful materials such as PVC. Since PETG's shrinkage occurs at a lower temperature than material like PVC and OPS, there is the added benefit of higher energy efficiency and productivity.
Thanks to its unique and attractive properties PETG has shown an increase in demand. PETG shrink film has had a global average annual growth of 7.53% within recent years.
Global PETG film market was valued at 403.95 Million US$ in 2018 and is projected to reach 628.30 Million US$ by 2024, at a CAGR of 7.64% during the forecast period
Many large companies are switching to the versatility and sustainability of PETG over PVC and OPS including Coca-Cola, Pepsi, Nestle, and Unilever. The benefits of PETG shrink film in the consumer markets have well received. Results in a Nielsen study showed that packages with shrink sleeve labels combined with unique contour bottles ranked higher than bottles with plain labels. The appearance commanded more attention and increased the purchase rate.
Key players in global PETG film market include: Magical Film Enterprise, C.I. Takiron Corporation, Triton International, Klockner Pentaplast, UPM Raflatac, Benison, Allen Plastic Industries, Parkinson Technologies