Latin America BOPP Films Market 2022 Growth Outlook - Polo Films, Premix Brazil, Innovia Films, Vitopel, Altopro SA de CV, Opp Film (Oben Holding Group)

The Latin America BOPP Films Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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), Biofilm (Taghleef Industries (Ti)) and others.

Industry News and Updates

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 Innovia's 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.

Key Market Trends

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 market's 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.

Regional Outlook of Latin America BOPP Films Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Latin America BOPP Films Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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