BOPP Films Market Size Status and Precise Outlook 2021- Toray Industries Inc., Taghleef Industries LLC, Wenzhou Gettel Plastic Industry Co. Limited, SRF Limited

The BOPP Films market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a detailed research study on the global BOPP Films market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for BOPP Films from 2021 till 2026.

Top leading Manufacturers Profiled in BOPP Films Market Report are: Toray Industries Inc., Taghleef Industries LLC, Wenzhou Gettel Plastic Industry Co. Limited, SRF Limited, NAN YA Plastics Corporation, Vacmet India Limited, Uflex Ltd., Polyplex Corporation Ltd., Trefan Group, Oben Holding Group, Tatrafan SRO, Jindal Poly Film, Biofilm SA, Altopro SA de CV

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The BOPP film market was valued at USD 3.99 billion in 2020, and it is expected to reach USD 6.27 billion by 2026, registering a CAGR of 6.5% during the period of 2021-2026.

News and Recent Updates

- June 2020 - Innovia Films launched a new family of films. The new, highly functional, and recyclable BOPP films are being marketed under the brand name, Encore. ?One is expected to be a low-temperature heat seal film for packaging, while the other is targeted at pressure-sensitive labeling applications.

- Sep 2019 - Max Specialty Films introduced new solutions at Labelexpo Europe 2019, and Maxs new BOPP manufacturing line is expected to induce the growth of specialty films for the company. The advanced design of their new BOPP line commissioned in 2018 enables the company to go through deeper into labels and barrier films as important market segments. This new investment allows the company to produce 12- to 85-micron films to cater to in-mold labeling and pressure-sensitive labeling segments.

Regional Analysis for BOPP Films Market:

For a comprehensive understanding of market dynamics, the global BOPP Films market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

North America Account for Significant Market Share

- Many vendors of BOPP films in North America are adjusting their product portfolios to address the increasing requirement for consumer-friendly packaging solutions in the region. BOPP films that provide transparency in product packaging help customers quickly examine the product, fueling the growth of the market in the region.

- Retail outlets are the largest revenue-generating medium for food products in North America. Flexible packaging products, such as BOPP films, emerged as the preferred form of packaging in the region, due to their versatility, custom qualities, efficiency in conserving resources, and sustainability. They also offer consumers a convenient shopping experience, as they are lightweight, thus minimizing the effort required for carrying the products.

- The US Census Bureau announced the advanced estimates of US retail and food services sales in October 2019, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes. It stood at USD 526.5 billion, which was an increase of 0.3% (0.4%)* from the previous month, and 3.1% (0.7%) above October 2018. Such instances indicate that the market is expected to grow over the forecast period.

Market Overview

The market trend is predicted to gain traction in the anticipated years because BOPP films are more flexible and enable faster packaging with advanced sealing properties as compared to other packaging materials.

- BOPP films are increasingly adopted in the fields of applications, like packaging, labeling, and lamination. These films are preferred substrates for food packaging globally, owing to their inherent moisture barrier properties, sealability, high clarity and graphic reproduction, and shelf appeal. The best possibilities of the pack are a monolayer/homogeneous structure.

- In June 2019, SIBUR BIAXPLEN announced its plans to introduce a wide range of BOPP films for different label segments at Labelexpo Europe 2019, for wrap-around labeling of PET bottles suitable for hot melt and cold seal applications, self-adhesive labels as a face stock and as release liner suitable for silicone coating, and in-mold labels for a variety of food and non-food applications.

- The rise of e-commerce in food and beverages, coupled with the improved economic environment and the increased disposable income, resulted in increased consumption of the packaged goods that require packaging, which protects the products from contamination and damages. This trend is expected to boost the vendor's production capacity and growth over the forecast period for instance, Toray Industries Inc. Oben Holding Group has a production capacity of 300,000 MT/year, and in March 2020, the company opened a new PEF Division Innovation Center at Front Royal, Virginia.

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What is the Impact of Covid-19 Outbreak on the BOPP Films?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global BOPP Films.
- BOPP Films Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the BOPP Films market:

- What are the recent developments and government policies?
- What are the top trends in the BOPP Films market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the BOPP Films market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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