Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like Biaxplen, Vitopel, SRF Limited, Chemosvit A.S., Dunmore, Innovia Films, BIOFILM, Taghleef Industries
Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing, offer good protection and easy to handle.
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With rapid urbanization, demand for goods and associated global trade is gradually evolving. Increased consumption of goods has fueled the demand for packaging, labelling and lamination printing and packaging. This trend is likely to influence the global biaxially oriented polypropylene (BOPP) market landscape in the coming years. BOPP fills offer good flex crack and puncture resistance over wide range of temperatures.
Major key players profiled in the biaxially oriented polypropylene (BOPP) market are Biaxplen Ltd., Vitopel S.A., Oben Holding Group, SRF Limited, Xpro India Limited, Chemosvit A.S., Zubairi Plastic Bags Industry LLC, Rowad Global Packaging Co. Ltd., Kopafilm Elektrofolien GmbH, Polyplex Corporation Limited, Jindal Poly Films Ltd., Dunmore, Innovia Films, BIOFILM, Taghleef Industries, Treofan Group, Vibac Group S.p.a., Futamura Chemical Co. Ltd., Poligal S.A., Manucor S.p.A., Uflex Ltd., Cosmos Films Ltd., Tempo Group.
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Increased consumer spending with enhanced lifestyle is bolstering the growth of the F&B sector worldwide. In 2015, the biaxially oriented polypropylene (BOPP) market from food & beverage sector collected revenue of over USD 15 trillion and is expected to witness substantial growth avenues in coming years.
BOPP film is among the most favored packaging material across the industrial spectrum. For food packaging, the BOPP film utilized are generally co-extruded, heat-sealable films. The product offers features such as high strength, durability, suitable for printing and coating over frozen food, confectionary, snacks and ready to eat meals.
In 2015, North America held 10% of the global biaxially oriented polypropylene (BOPP) market share and is estimated to gain traction through 2024 primarily due to increased consumption of packaged food in the U.S.
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