The market for PETG heat shrinkable film has broad room for development. The number of manufacturing companies in my country continues to increase.

PETG heat shrinkable film refers to a high-performance shrinkable film made of PETG as raw material. It is mainly used as a packaging material for product packaging scenarios such as food, beverages, electronics, and daily chemicals. PETG is the raw material of heat shrinkable film. It refers to the polycondensation of monomers such as ethylene glycol (EG), terephthalic acid (PTA), 1,4-cyclohexanedimethanol (CHDM) and other monomers through exchange method. A transparent, amorphous copolyester with excellent environmental protection, weather resistance, thermoformability, machinability, chemical stability and other characteristics.

Therefore, the PETG heat shrinkable film prepared from PETG as raw material not only inherits the excellent environmental protection, wear resistance and stability of PETG, but also has high transparency, gloss, ultimate shrinkage and good recyclability. It has characteristics such as compatibility with the natural environment, resistance to natural shrinkage, and wear resistance. It has become a world-recognized environmentally friendly heat shrink packaging material. It can replace the high-pollution and high-energy-consuming PVC shrink film and is used in food, medicine, and Electronics and other fields have higher application advantages and broad market development space.

According to the “2023-2028 PETG Heat Shrinkable Film Industry Market In-depth Research and Investment Prospects Forecast Analysis Report” released by the Industrial Research Center In recent years, with the continuous development of the domestic economy and the continuous improvement of people’s living standards, the food, medicine, electronics and other industries have developed rapidly, which has led to the increasing demand and continuous expansion of PETG heat shrinkable film. In 2022, the domestic PETG heat shrinkable film market size will be approximately 1.81 billion yuan, a year-on-year increase of 15.2%.

Against the background of increasingly prominent market development prospects, the number of companies entering the PETG heat shrinkable film market in my country is continuing to increase. The main companies include Jiangsu Guanghui Packaging Materials, Shanghai Senweide Industrial, Chongqing Hongtu New Material Technology, Jiangsu Shuangxing Color Plastic New Materials, Henan Yinjinda New Materials, Jiangsu Jinghong New Materials Technology, Shandong Shenghe Plastic Development, etc.

At present, the number of PETG heat shrinkable film manufacturers in my country is still relatively small. The market is mainly dominated by companies that entered the market earlier, such as Jiangsu Double Star, Jiangsu Jinghong, Henan Yinjinda, and Jiangsu Guanghui. The industry concentration is high. In the future, driven by the growth in demand for PETG heat shrinkable films, more domestic companies will enter the market, and market competition is expected to continue to strengthen.

Industry analysts said that PETG heat shrinkable film is a new type of high-performance packaging material with good Heat shrinkable and environmentally friendly, it can be widely used in the fields of food, medicine, and electronic packaging. PETG heat shrink film is a key substitute for high-pollution and high-energy-consuming PVC shrink film. It is in line with the current dual-carbon goals and the continuously strengthened environmental protection regulatory requirements. There is broad room for development in the market. At present, the number of domestic companies entering the PETG heat shrinkable film market continues to increase. In the future, as local companies continue to improve their technology, domestic PETG heat shrinkable films will continue to be upgraded in the direction of thinness, functionality, and high performance.