Latin America BOPP Films Market 2022 Size, Status and Outlook- Polo Films, Premix Brazil, Innovia Films, Vitopel, Opp Film

Latin America BOPP Films Market 2022-2027 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Latin America BOPP Films Market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Latin America BOPP Films Market all told its geographical and merchandise segments.

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, 2022-2027. 

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The Global Latin America BOPP Films Market is highly competitive and consists of a number of Major Key Players are: Polo Films, Premix Brazil, Innovia Films, Vitopel, Altopro SA de CV, Opp Film (Oben Holding Group), Biofilm (Taghleef Industries (Ti)) others.

Industry News:

- 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:

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.

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.

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The key insights of the Latin America BOPP Films Market report:

The report provides key statistics on the market status of the Latin America BOPP Films Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Latin America BOPP Films Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Latin America BOPP Films Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Latin America BOPP Films Market Industry before evaluating its feasibility.

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