Press release
BOPP Market Top Key Players Biaxplen Ltd., Vitopel S.A., Oben Holding Group, SRF Limited, Xpro India Limited, Chemosvit A.S., Zubairi Plastic Bags Industry LLC
BOPP Market
The high barrier properties, durability, and cost-effectiveness associated with the biaxially oriented polypropylene films has provided a substantial spur to the global BOPP market demand. Moreover, high strength and superior clarity of these films have increased its adoption rate in printing, packaging, labeling, and coating sectors. According to a report by Global Market Insights, Inc., biaxially oriented polypropylene market is projected to register an annual growth rate of 5% over the period of 2016-2024 and is likely to surpass USD 20 billion by 2024.
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Food applications segment accounted for over 50% of the overall BOPP industry share and thus held the largest market chunk in 2015. BOPP is extensively used in food and beverage sector in packaging film dies, owing to its benefits of moisture protection and food & aroma preservation. The escalating food & beverage industry across the globe is one of the most prominent drivers fueling the BOPP industry trends. Furthermore, the soaring pharmaceutical and cosmetics industries have significantly propelled the overall BOPP industry share.
These films are used in cosmetics and medical product packaging as they help in retaining the original substance properties. Thriving pharmaceutical and food packaging sectors across the North America along with changing consumer lifestyles are expected to drive the business trends in the region. North America BOPP market value, worth USD 1.5 billion in 2015, is predicted to witness a lucrative growth over the years ahead.
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Market players will try to increase their ROI through product differentiation, pricing, and competitive benchmarking. Biaxplen Limited, Rowad Global Packaging Company Limited, Tempo Group, Oben Holding Group, Zubairi Plastic Bags Industry LLC, Jindal Poly Films, Vibac Group S.p.a., Chemosvit A.S., Kopafilm Elektrofolien GmbH, Innovia Films, Futamura Chemical Company, Taghleef Industries, Manucor S.p.A., Cosmos Films Limited, and Uflex Limited are the major participants of BOPP industry.
Chapter 3. Biaxially Oriented Polypropylene Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor Matrix
3.3.2. Distribution channel analysis
3.4. Biaxially oriented polypropylene Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing product demand for flexible packaging
3.4.1.2. Environment friendly and economic traits of the product
3.4.2. Industry pitfalls & challenges
3.4.2.1. Wavering raw material prices
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter's analysis
3.8. Company market share analysis, 2015
3.8.1. Strategic landscape
3.9. PESTEL analysis
3.10 Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
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.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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