Global BOPP Films Market Outlook 2019-2030
- Author Name : IMR
- Publish Date : January 7, 2021
Global BOPP films market to surge at XX% CAGR, Increasing demand for BOPP films from end users will propel growth, says Index Markets Research.
Index Markets Research has released a report titled “BOPP films market- Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030” which is anticipated to reach USD XX Billion by 2030. According to a study by Index Markets Research, the market is anticipated to portray a CAGR of XX% between 2020 and 2030. According to the report, due to its surging demand for electronics, food packaging and insulating applications, the global Biaxially oriented polypropylene market will expand over the forecast period. Owing to its improved thermal insulation properties over counterparts like wax paper and cellophane, Biaxially Focused Polypropylene (BOPP) films are being used at an appreciable pace in recent times.
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The market report on BOPP films includes in-depth insights as:
• The estimated value of the market was USD XX Billion in the year 2019.
• Region wise, Asia Pacific was the largest market accounting for XX% of total market volume share in 2019
• Based on production process, the Tenter segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
• Based on industry vertical, Food segment accounted for XX% of the global volume in 2019 and is anticipated to grow at a highest CAGR.
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.
BOPP films have an effective barrier to moisture and a stronger barrier to oxygen with the metalized variety. For food packaging, these properties of BOPP films play a key role for extending the shelf-life of items, thereby reducing food waste. BOPP movies have clear screen integrity due to their narrow gauge distribution, with the exception of barrier properties. Good heat seal efficiency, large screen windows lower the temperature of the initial seal and good machinability further improve their usefulness for retaining food quality in food packaging industries. Biaxial orientation allows for a machine-wide (MD) and across machine-direction (AMD) extension of the BOPP film. It improves durability, stability, enhanced visibility, improved resistance to oil and greasing, enhanced barrier characteristics to steam and oxygen, adjusted resistance to impact, and flexible resistance to cracking.
Key Players in the Market:
Some of the key players operating in the global BOPP films market are: Cosmo Films Limited (India), CCL Industries (Canada), Sibur Holdings, (Russia), Inteplast Group (US), Uflex Ltd. (India), Polibak (Turkey), Taghleef Industries (UAE), Toray Industries (Japan), Jindal Poly Films (India), Zhejiang Kinlead Innovative Materials (China), Poligal S.A. (Spain) and Other prominent players
Get Valuable Insights into BOPP films Market:
In the new report, Index Markets Research thrives to present an unbiased analysis of the global BOPP films market that covers the historical demand data as well as the forecast figures for the period, i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by production process into: Tubular, Tenter, by end user vertical into Food, Pharmaceutical & Medical, Beverage, and Industrial
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