Global Biaxially Oriented Polypropylene Films Market 2016-2020

Outlook of the biaxially oriented polypropylene (BOPP) films market

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.

Segmentation by type and analysis of the BOPP films market

• Specialty films
• Commodity films

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.

Geographical segmentation and analysis of the BOPP films market

• Americas
• APAC
• EMEA

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.

Competitive landscape and key vendors

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 -

• Formosa Plastics
• Jindal Poly Films
• Taghleef Industries
• Treofan Group

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global BOPP films market?
• What are the key market trends impacting the growth of the global BOPP films market?
• What are the challenges to market growth?
• Who are the key vendors in the global BOPP films market?
• What are the market opportunities and threats faced by the vendors in the global BOPP films market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global BOPP films market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Packaging Film Market 2015-2019
• Plastic Films Market in the US 2015-2019
• Flexible Plastic Packaging Market in the US 2015-2019
• Global Molded Plastic Packaging Market 2016-2020