Global BOPP (Biaxially Oriented Polypropylene) Films Market Trends, Growth, Opportunity and Forecasts 2020-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 29, 2020--
The “BOPP Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The global BOPP films market grew at a CAGR of around 6% during 2014-2019.
Biaxially oriented polypropylene (BOPP) film refers to a thermoplastic polymer used to manufacture product labels, laminations and packaging. It is produced by stretching and flexing polypropylene film in both machine direction (MD) and across machine direction (AMD). It exhibits various advantageous properties, such as resistance to moisture and oil, high durability and optical clarity.
It also offers flex crack resistance, low-temperature impact resistance, aesthetic shelf appeal, monolayer or homogenous structure and sealing capabilities. As a result, it is widely used in the packaging of food products, personal care products, pharmaceuticals and electrical and electronics industry.
The growing food and beverage industry, along with the increasing requirement for efficient pharmaceutical packaging solutions, represents one of the key factors creating a positive outlook for the market. Furthermore, the widespread adoption of flexible packaging for ready-to-eat food products, dairy and other beverages, such as coffee brews, carbonated sodas, caffeinated drinks and mixed beverages, is also contributing to the market growth. BOPP films are also used as a co-extruded heat sealable and reverse printable film for packaging medicines and drugs. They ensure that the nutrition, color and flavor of the contents remain intact and facilitate prompt and secured transportation of products in bulk quantities.
Additionally, various product innovations, such as the development of single-unit and chlorine-free variants, are acting as other growth-inducing factors. In comparison to the traditionally used cellophane, waxing paper and aluminum foil, these films are highly cost-effective and have minimal effects on the environment.
Other factors, including increasing consumer preference for convenient packaging, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Looking forward, the market is set to continue its moderate growth during the next five years.
The report has also analysed the competitive landscape of the market with some of the key players being Altopro, S.A. de C.V., Amcor Plc, Ampacet Corporation, Chiripal Poly Films Limited, Clondalkin Flexible Packaging, Cosmo Films Limited, Futamura Chemical Co. Ltd., Innovia Films Limited (CCL Industries), Jindal Poly Films Limited, Mondi Plc, Polyplex Corporation Ltd., Printpack Holdings Inc., Toray Industries Inc. and Uflex Ltd.
Key Questions Answered in This Report:
- How has the global BOPP films market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global BOPP films market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the thickness?
- What is the breakup of the market based on the production process?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global BOPP films market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/n4vmd5
View source version on businesswire.com:https://www.businesswire.com/news/home/20201229005300/en/
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SOURCE: Research and Markets
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PUB: 12/29/2020 10:28 AM/DISC: 12/29/2020 10:28 AM