Mylar Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global mylar market size reached around USD 1.34 Million in 2024. The market is projected to grow at a CAGR of 5.60% between 2025 and 2034 to reach nearly USD 2.31 Million by 2034.

Global Mylar Market Growth

In 2022, the domestic flexible packaging industry in the USA generated USD 41.5 billion of sales and accounted for a share of around 21% in the American packaging market. The top 10 US states account for nearly 58% of all flexible packaging manufacturing locations. These materials are extensively used by the food industry (50%), apart from pharmaceutical (16%), non-food (9%), industries (7%), beverage packaging (6%), personal care (5%), and pet food (2%). The growing demand for flexible packaging solutions is expected to increase the demand for product labels, thereby contributing to the mylar market expansion.

Moreover, the increasing demand for mylar can also be attributed to the increasing production of pharmaceuticals worldwide. India and Brazil have emerged as a manufacturing hub for medicine production, with Brazil becoming the largest pharmaceutical producer of South America. Besides, 70% of WHO’s vaccines are manufactured in India, especially BCG, DPT, and measles. The mylar market value is also being spurred on by the increasing sales and exports of medicines. While the Brazilian pharmaceutical industry generates USD 14.7 billion sales annually, India is responsible for meeting 40% of the demand for generic medicines in the United States. This is expected to raise even the market revenue over the forecast period.

Key Trends and Developments

Growth of the food and beverage production industry; eco-friendly innovations; increasing demand for insulation materials; and rising architectural applications are factors favouring the mylar market outlook.

February 2024

Titan-Polymer commissioned its second biaxially oriented polyethylene terephthalate (BOPET) production line at its production facility located in the Moglino SEZ (Special Economic Zone).

March 2023

As a pioneer in developing preventative hygiene solutions, ITC launched new packaging for Savlon Glycerin Soap whose PET film comprises of 70% recycled plastic. This is expected to favourably shape the mylar market dynamics.

December 2022

UFlex launched a new range of products in Q3 of FY 2022-23, including the F-TFE’ Thermoformable BOPET film, F-POX’ BOPET Film, and a 100% recyclable spout pouch for Kisan Chotu Ketchup sachets in India. This is expected to fuel the market expansion in the Asia Pacific region.

December 2021

Polyplex’s Bangkok-based subsidiary, Polyplex Thailand announced the establishment of biaxially oriented polypropylene film production facility in Serang, Indonesia with a capacity to produce 60,000 tons of BOPP annually.

Growth of food and beverage industry

This trend has spurred the mylar market growth as it can withstand extreme temperatures (-73°C to 150°C) while providing a good moisture barrier. It is also resistant to oils, greases, alcohols, hydrocarbons, acids, alkalis, and other chemicals.

Eco-friendly innovations

The increasing demand for biodegradable/compostable mylar films has increased due to the increasing organisational focus on reducing plastic waste and making product packaging more sustainable.

Increasing demand for insulation materials

Mylar possesses a dielectric strength of over 1500 volts/mil, which makes it an ideal material for insulating wires and electrical components in industries. As the electronic industry is poised for growth, mylar market development is expected to rise.

Rising applications in art and architecture

Mylar has a typical thickness of around 1-2 millimetre and some of its films have over 90% reflectivity upon exposure to visible light spectrum. This is expected to favourably increase its applications for designing architectural plans and engineering drawings.

Global Mylar Market Trends

Mylar has a comparatively high tensile strength of 20,000-30,000 psi than polyethylene (7,500 psi), which allows the usage of extremely thin films for architectural applications. The transmission rate of water vapour in 1 mil mylar is nearly 0.1 grams/100 sq. in./day, which makes it a good moisture-proof packaging material. As per the mylar market analysis, the material enjoys a high degree of abrasion resistance, which makes it ideal for numerous industrial applications involving folding, processing, or creasing.

Global Mylar Industry Segmentation

The report titled “Global Mylar Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Application:

• Labels
• Bags and Pouches
• Laminates
• Others

Market Breakup by End Use Industry:

• Food and Beverage
• Cosmetics and Personal Care
• Pharmaceuticals
• Electrical and Electronics
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Mylar Market Share

Based on region, the market is segmented into North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa. Over the forecast period, the Asia Pacific is expected to grow at a CAGR of 6.3% due to the rapid growth of the food and beverage industry and the increasing production of pharmaceuticals in the region. North America is also expected to grow at a CAGR of 5.3% due to rapid technological developments and product capacity expansion in the region.

Leading Companies in the Global Mylar Market

Major players are expanding their existing production facilities to cater to the increasing demand for innovative labelling solutions and to hold a greater mylar market share.

Tekra, LLC

Tekra, LLC was founded in 1938 and is headquartered in Wisconsin, United States. It specialises in the production of plastic films, hard coats, transfer tapes, UV inkjets, and adhesives, among others.

CS Hyde Company

CS Hyde Company was founded in 1996 and is headquartered in Illinois, United States. As per mylar market analysis, it is engaged in manufacturing and supplying high performance tapes, fabrics, and films worldwide.

Logos Pack

Logos Pack was found in 2004 and is headquartered in Guangdong, China. It is engaged in manufacturing a wide range of flexible packaging products, such as spout pouches, flat bottom pouches, and retort pouches, among others.

IMPAK Corporation

IMPAK Corporation was founded in 1993 and is headquartered in California, United States. It is engaged in providing flexible packaging solutions, sealers, desiccants, and sorbents to worldwide industries.

Other players included in the mylar market report are J. Schwarz GmbH, Protective Packaging Corporation, RH Nuttall Limited, Protective Packaging Corporation, Jarrett Industries, and BCW Diversified, Inc., among others.