U.S. Polyethylene Terephthalate Films Market Summary

The U.S. polyethylene terephthalate (PET) films market size was estimated at USD 1.55 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.6% from 2025 to 2030. PET films are widely utilized in food and beverage packaging owing to their excellent moisture and gas barrier qualities, which help preserve product freshness and extend shelf life. The increasing preference among consumers for lightweight, convenient, and easy-to-handle packaging solutions is significantly driving demand for PET films across multiple sectors in the U.S.

The U.S. polyethylene terephthalate films industry is experiencing strong momentum toward sustainability, influenced by rising consumer preference for eco-friendly and recyclable packaging solutions. With growing awareness of environmental issues, brands and manufacturers are increasingly adopting recyclable PET films to align with circular economy initiatives and comply with government regulations promoting reduced plastic waste. The market is also benefiting from advancements in PET film technologies, such as downgauged films that minimize material usage while retaining core functionality. Furthermore, the integration of renewable and bio-based PET films is emerging as a promising alternative to conventional petroleum-based products, supporting both innovation and sustainability goals.

Key Market Trends & Insights

• Shrink PET films dominated the U.S. PET films market by type, accounting for 44.25% of revenue in 2024. This segment has gained widespread acceptance due to the rising demand for visually appealing, tamper-evident packaging that enhances product safety and shelf presence. The ability of shrink films to conform tightly around products also makes them attractive for branding and marketing purposes, particularly in the food, beverage, and personal care industries.
• The demand for conventional PET films continues to remain strong due to their versatility, cost-effectiveness, and adaptability across multiple applications. Their excellent mechanical strength, clarity, and barrier properties make them suitable for use in flexible packaging, industrial laminates, and protective wraps. Their balance of performance and affordability ensures they remain a staple material in both packaging and industrial end-use sectors.
• By application, the food and beverage segment dominated the U.S. PET films industry, capturing a market share of 37.52% in 2024. This dominance is largely attributed to the growing consumer preference for convenience-driven lifestyles, where packaged foods and ready-to-consume meals are in high demand. PET films provide reliable moisture and oxygen barriers, helping to maintain the freshness, flavor, and nutritional value of products such as snacks, frozen foods, and dairy products, while also extending shelf stability.
• In addition, the electrical and electronics industry in the U.S. is increasingly adopting PET films, driven by their superior insulating capabilities, durability, and thermal stability. These films are widely utilized in the production of capacitors, flexible printed circuits, insulation materials, and display screen applications, where precision and performance are critical. Their unique balance of lightweight properties and resilience ensures continued growth of PET films in this technologically advanced sector.

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Market Size & Forecast

• 2024 Market Size: USD 1.55 billion
• 2030 Projected Market Size: USD 1.92 billion
• CAGR (2025 - 2030): 3.6%

Key Companies & Market Share Insights

The U.S. polyethylene terephthalate films market is highly competitive, with several key players dominating the landscape. Major companies include Mitsubishi Chemical America, Inc.; Toray Plastics (America) Inc.; Polyplex Corporation Ltd. (Polyplex); DUNMORE; Filmquest Group Inc.; Xamax Industries, Inc.; UPM; Polymershapes LLC; SS Polymer & Films; and Piedmont Plastics. The market is characterized by a competitive landscape with several key players driving innovation and market growth. Major companies in this sector are investing heavily in research and development to enhance the performance, cost-effectiveness, and sustainability of their types.

Key Players

• Mitsubishi Chemical America, Inc.
• Toray Plastics (America) Inc.
• Polyplex Corporation Ltd. (Polyplex)
• DUNMORE
• Filmquest Group Inc.
• Xamax Industries, Inc.
• UPM
• Polymershapes LLC
• SS Polymer & Films
• Piedmont Plastics

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Conclusion

The U.S. polyethylene terephthalate films market is poised for stable growth, supported by rising demand in packaging, food and beverage, and electronics industries. Consumer preference for convenient and lightweight packaging, combined with a strong shift toward recyclable and bio-based solutions, is reshaping market dynamics. Shrink films and conventional PET films remain vital due to their versatility, cost-effectiveness, and superior barrier properties. Meanwhile, innovations in downgauged and renewable films are ensuring sustainable progress. With food and beverages leading consumption and electronics creating new opportunities, the market is set to evolve steadily, balancing functionality, affordability, and eco-friendly advancements over the forecast period.