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Biaxially oriented polypropylene (BOPP) films are thermoplastic polymers that find extensive applications in the packaging industry. Polypropylene (PP) is one of the key polymers used in the manufacture of BOPP films and is a derivative of petroleum. One of the primary factors propelling the growth prospects for this market is the rising demand for packaged food in the last few years. Most consumers have become increasingly conscious about the way food products are packaged, and are, therefore, looking for improved and cost-effective methods for food preservation. The high barrier properties, cost-effectiveness, and durability, associated with the use of BOPP films are anticipated to lead to its augmented adoption in the coming years. The high barrier properties of BOPP films effectively lock the aroma and moisture vapor of food, thereby retaining the freshness of food products for a longer time. According to the analysts at Technavio, the BOPP films market is anticipated to witness steady growth and will post a CAGR of more than 6% over the forecast period.
The increasing demand for new and innovative packaging options is an important trend that is envisaged to impel in the growth prospects for this market over the next four years. The market is moving towards replacing aluminum foils, waxing paper, and cellophane with BOPP films as it serves as a more flexible packaging solution and facilitates faster packaging with excellent sealing properties. This has prompted several manufacturers in the food and non-food packaging segments to replace conventional packaging materials with BOPP films. With an augmented demand for flexible packaging, the BOPP films market is expected to have a positive outlook until the end of 2020.
During 2015, the commodity films segment dominated the market and accounted for around 85% of the market share in terms of revenue. Commodity films can stretch up to 342.5 inches and are a more cost-effective option than specialty films. These factors will lead to the increasing adoption of commodity films until 2020.
The APAC region dominated the global BOPP films market and is expected to consume more than 5 million metric tons of BOPP films by 2020. Factors such as an expanding population, increasing disposable income, and rapid urbanization to impel the growth prospects for this market in the region. Moreover, economic development in countries like India and China as resulted in lifestyle changes and an increase in disposable income, which will contribute to the growth of this market in the coming years.
The global BOPP films market is highly fragmented due to the presence of several small and large providers operating in a competitive environment. The market is dominated by a few international vendors that have a significant global presence with massive production facilities located around the world.
Key vendors in the market are -
Other vendors in the market include Chiripal Poly Films, Cosmo Films, Guangdong Decro Film New Materials, D.K. Enterprises, Flex Film, Futamura Chemical, GMP, Inteplast Group, Ipak, Irplast, Jiangsu Kangde Xin Composite Material, Jiangsu Shenda Group, Jiangsu Shuangliang Packaging, Max Speciality Films, Mondi, SRF, Transilwrap, Viam Films, Vibac Group, and Vitopel.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by type
PART 08: Market segmentation by technology
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
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