Global BOPP Films for Packaging Market to witness a CAGR of 6.0% from 2017 to 2025 to touch a valuation of US$ 21,736.5 Mn by the end of 2025

Press Release – 09 Jan 2019
Research and Development News --
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Latest Update "Global Market Study on BOPP Films for Packaging: Industrial Sector to Witness High Adoption in the Coming Years Owing to Changing Consumer Preferences" with Industries Survey | Global Current Growth and Future.
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The report states that the growing demand for packaged food across the globe has propelled the need for BOPP films for packaging. As consumers across the globe are constantly gaining awareness regarding the way food products are packed, the demand for cost-effective and advanced packaging is increasing at a rapid pace. As a result, manufacturers are constantly looking to adopt advanced methods in the production of BOPP films and are trying to suit the demands of various vertical industries. Market companies are also entering into mergers and acquisitions in order to acquire the technology of others players.
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For instance, Uflex Ltd., collaborated with Comiflex for expanding its manufacturing capacity. In January 2017, Uflex Ltd. launched Super Barrier Polyester (BOPET) Film, hence gaining from the collaboration. Other similar companies operating in the BOPP films for packaging market are Cosmo Films Ltd., Polyplex Corporation Ltd., Manucor S.p.A., Innovia Films Limited, LC Packaging International BV, National Industrialization Company, and Jindal Poly Films Limited., among several others.

According to the report projections, the global BOPP films for packaging market is expected to witness a CAGR of 6.0% from 2017 to 2025. In 2017, the market was worth US$ 13,669.4 Mn and is expected to touch a valuation of US$ 21,736.5 Mn by the end of 2025.
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“Growth of the Flexible Packaging Industry to Augur Well for the Market”

Regions such as Western Europe and North America embody the mature markets for BOPP packaging films. Nevertheless, the global market has been perceiving outstanding growth in emerging economies such as China and India fueled by the expansion of the flexible packaging industry in these countries. Moreover, other Asian countries such as Vietnam and Myanmar have been experiencing strong growth in their flexible packaging industries. This is likely to facilitate the growth of the Asia Pacific BOPP films for packaging market over the course of the forecast period. The rising preference for flexible packaging solutions can be attributed to the growing desire for convenience packaging among several industries.

“Food and beverages to utilize BOPP films for packaging at an extensive rate”

Food and beverage packaging products provide protection, resistance from tampering, and special biological, chemical, and physical needs for the respective food and beverages. Moreover, food packaging helps preserve the nutrition in food, and quick and dependable conveyance of food in the value chain aids in decreasing the various losses occurring post-harvest.

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