Latin America BOPP Films Market 2021 Size, Status and Global Outlook -Polo Films, Premix Brazil, Innovia Films, Vitopel, Altopro SA de CV

Latin America BOPP Films Market by Component, Application, Services, and Region- Forecast to 2026

The Global Latin America BOPP Films Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Latin America BOPP Films business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Latin America BOPP Films worth chain and its wholesaler examination. Latin America BOPP Films Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The Latin American BOPP films market (henceforth, referred to as the market studied) is expected to register a CAGR of 9.6% over the forecast period, 2021-2026.

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Top Leading Companies of Latin America BOPP Films Market are Polo Films, Premix Brazil, Innovia Films, Vitopel, Altopro SA de CV, Opp Film (Oben Holding Group), 6.1.7 Biofilm (Taghleef Industries (Ti)) and others.

Industry News And Updates on Latin America BOPP Films Market-

Flexible Packaging is Expected to Witness Greater Market Share

- In February 2018, a survey was conducted by the Flexible Packaging Association (FPA), the US association of the manufacturers of flexible packaging, to understand the impact of switching from non-flexible packaging to flexible packaging. In the survey, the primary reason cited was the reduction in production by 49% and transportation cost by 45%. Interestingly, for brand owners, about 57% of the owners were able to mitigate the production cost by 55%, along with sales improvement.

- Such improvements in the operational cost and its impact on transportation and logistics cost, even when marginal changes drive the potential of emerging as a game changer, are expected to be differentiators between a competition and wrapped business. Such factors are expected to drive the markets growth, and they are expected to prompt others to adopt flexible packaging in the region. Thus, the market studied is expected to witness growth over the forecast period.

Key Market Trends Latin America BOPP Films Market-

Rising Demand for Packaged Food is Driving the Market Growth

- The growing demand for packaged food in the region is augmenting the demand for BOPP packaging in the industry. Brazil and Mexico are among the major contributors to the demand growth in the region. For instance, according to ABIA, the net revenue of the food and beverage industry in Brazil during 2018 was valued at BRL 656 billion and growing steadily.

Competitive Landscape On Latin America BOPP Films Market-

Oct 2019 - Innovia Films and the German snack manufacturer, Wildcorn, partnered to produce a fully recyclable and sustainable pack for its Wildcorn organic popcorn range. The joint project to establish a new sustainable packaging standard began soon after the launch of Innovias Propafilm Strata high barrier film, which quickly achieved the Made for Recycling logo from Interseroh, an Independent German recycling and consulting company.

-Jan 2019 - Taghleef Industries completed the acquisition of Biofilm, to expand its presence in the region.mWith the acquisition, Taghleef secured a position as the prominent supplier of BOPP films in Latin America. The acquisition increased the production capacity of the company to over 500,000 metric ton. The company secured a strong position in the supply chain in Latin America by expanding its production sites in Cartagena, Colombia, and Altamira, Mexico.

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