Press release
BOPP Market 2018-2023 | Industry Professional Survey by Worldwide Key Players: Biaxplen, Vitopel, SRF Limited, Chemosvit, Biofilm, UFLEX Group
The BOPP market is likely to be driven by the demand from labelling, lamination printing and packaging, industries in the forecast period. The global insulation business had generated revenue over USD 40 billion and by 2024, it is likely to cross USD 75 billion with CAGR up to 5%. This trend is likely to influence the global BOPP business during the forecast period.
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The food & beverage industry revenue in 2015 was over USD 15 trillion and the industry has substantial growth avenues in coming years owing to improved consumer spending pattern coupled with enhanced lifestyle dynamics. Because of the product features such as high strength and clarity, high barrier and durability properties, BOPP is extensively used in food packaging applications, which benefits in suitable printing and coating over confectionary, frozen food, ready to eat meals and snacks.
Polypropylene (PP) being a crude oil derivate and the most prominent raw material used in the overall industry, has been subjected to price dynamics. The BOPP market has a growth restraint of wavering petrochemical prices in the forecast period.
In 2015, BOPP market for tapes produced revenue nearly USD 1.5 billion. Product features such as superior optical & mechanical characteristics, easy labelling and significant product differentiation are likely to be the growth drivers in the forecast period.
In 2015, North America BOPP market share was over 10% of the global revenue. The strong pharmaceutical industry in the U.S will drive the regional growth. The region is a significant contributor in the packaged food industry. This trend will further propel the regional product growth.
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Key industry players are Vitopel S.A., Oben Holding Group, SRF Limited, Biaxplen Ltd., Xpro India Ltd, Zubairi Plastic Bags Industry LLC, Chemosvit A.S., Rowad Global Packaging Co. Ltd., Jindal Poly Films Ltd., Kopafilm Elektrofolien GmbH, Polyplex Corporation Ltd., Innovia Films, Dunmore, Taghleef Industries, BIOFILM, Uflex Ltd., Treofan Group, Vibac Group, Manucor S.p.A., Futamura Chemical Co., Ltd., Poligal S.A., Tempo Group and Cosmos Films Ltd.
Chapter 4. Biaxially Oriented Polypropylene Application Insights
Partial Chapter of the Table of Content
4.1. Global biaxially oriented polypropylene market share by application, 2015 & 2024
4.2. Food
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Tapes
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Tobacco
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Others
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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