Latin America Polypropylene (PP) Packaging Film Market 2021 Precise Outlook - Borealis AG, Alpek S.A.B. de C.V, Braskem Idesa, Celanese Corporation

The Latin America Polypropylene (PP) Packaging Film Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Latin America Polypropylene (PP) Packaging Film market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Latin America Polypropylene (PP) Packaging Film market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Latin America Polypropylene (PP) Packaging Film market.

The Latin America polypropylene (pp) packaging film market is expected to reach a CAGR of 7.5% during the forecast period (2021 - 2026). 

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Top Leading Companies of Latin America Polypropylene (PP) Packaging Film Market are - Borealis AG, Alpek S.A.B. de C.V, Braskem Idesa, Celanese Corporation, Chevron Phillips Chemical Company LLC, Toray do Brasil Ltda, Biofilm (Taghleef Industries), Innovia Films (CCL Industries), Opp Film (Oben Holding Group), Vitopel do Brasil and others.

Industry News and Updates:

- In March 2020, Innovia Films Launches an embossable BOPP film Rayoface mBoss which offers increased shelf appeal with foiling capability of the paper-like surface.

- In Oct 2019, Alpek, one of the petrochemical companies in the Americas had signed an agreement with Lotte Chemical Corporation to acquire a 100% stake in Lotte Chemical UK Limited, which owns and operates 350,000 tons per year polyethylene terephthalate (PET) facility in Wilton, United Kingdom.

Key Market Trends:

BOPP to Drive the Market Growth

- Biaxially oriented polypropylene (BOPP) is a polypropylene film that is biaxially oriented. Owing to features like increased toughness, enhanced clarity, and improved barrier properties to water vapor and oxygen, BOPP films are increasingly adopted in the fields of applications, like packaging, labeling, and lamination.
- These films are preferred substrate for food and beverage packaging, owing to its inherent moisture barrier properties, sealability, high clarity, and graphic reproduction, and shelf appeal, with the best possibilities of the pack being a monolayer/homogeneous structure. For instance, according to ABIA, the net revenue of the food and beverage industry in Brazil during 2018 stood at BRL 656 billion and growing steadily.

Food Industry to Dominate the Market Growth

- With the changing lifestyle, there is a spur in demand for packaged food in the region, which further augments the demand for PP packaging films in the industry. Brazil and Mexico are amongst the significant contributor to the demand growth in the region.
- Mexico has a strong food processing industry that leads to Mexican brands like Bimbo, PepsiCo, Lala, and Nestle, etc. Moreover, it has smaller domestic companies that have established supply channels with major warehouse food clubs across Mexico, including Costco and Sam’s Club, which serve a large portion of the foodservice sector. This further drive the growth of the market in the region.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Latin America Polypropylene (PP) Packaging Film Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Latin America Polypropylene (PP) Packaging Film Market (%),2016 - 2026
- Latin America Polypropylene (PP) Packaging Film Market Share, By Brand
- Latin America Polypropylene (PP) Packaging Film Market Share, By Company
- Latin America Polypropylene (PP) Packaging Film Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Latin America Polypropylene (PP) Packaging Film Market Value Analysis & Forecast
- Promising Latin America Polypropylene (PP) Packaging Film Development by Major Companies
- Detailed Latin America Polypropylene (PP) Packaging Film Portfolio of the Major Companies
- Major Deals in the Latin America Polypropylene (PP) Packaging Film Market
- Major Companies Analysis

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