The report "BOPP Films Market by Type (Wraps, Bags & Pouches, Tapes, Labels), Thickness (Below 15 Microns, 15-30 Microns, 30-45 Microns, More Tham 45 Microns), Production Process (Tenter, Tubular), Application, and Region - Global Forecast to 2025", size is projected to grow from USD 24.2 billion in 2020 to USD 31.4 billion by 2025, at a CAGR of 5.3% from 2020 to 2025. The market is projected to grow in accordance with the growth of the packaging industry across the globe. BOPP film products are known for their properties, such as increased toughness, improved oil and grease resistance, enhanced clarity, increased stiffness, and enhanced barrier properties to water vapor and oxygen. These properties of BOPP film products increase their preference in a wide range of applications.
Browse 194 market data Tables and 46 Figures spread through 191 Pages and in-depth TOC on "BOPP Films Market by Type (Wraps, Bags & Pouches, Tapes, Labels), Thickness (Below 15 Microns, 15-30 Microns, 30-45 Microns, More Tham 45 Microns), Production Process (Tenter, Tubular), Application, and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/bopp-films-market-249521924.html
In terms of value & volume, Bags & Pouches is estimated to dominate the BOPP films market in 2019.
Bags & Pouches, by type, accounted for the largest market share in the BOPP films market. BOPP film is made up of poly film that offer premium durability to the product packaging. This poly film is laminated into polyethylene fabric and converted into bags and pouches. BOPP bags & pouches primarily find applications in the packaging of cereal & pulses, pet food, grass seed, animal nutrition, fertilizers, beverages, dairy products, and cosmetics.
In terms of value and volume, 15-30 microns is estimated to lead the BOPP films market in 2019.
15-30 microns, by thickness, led the BOPP films market in 2019, in terms of value and volume. Their superior machinability make BOPP films suitable for horizontal form fill seal (HFFS) as well as vertical form fill seal (VFFS) packaging applications. They have high clarity and good strength in single web packaging applications. BOPP films of above 15 micron thickness are approved for direct food contact applications.
Food is estimated to be the largest segment in the BOPP films market in 2019.
Food, by application, accounted for the most significant demand for bopp films in 2019, in terms of value and volume. The key driver for the BOPP films market in food packaging is the growing demand for compact and lightweight packaging in baby food and pet food. BOPP films are also available for single-time use. In the food industry, BOPP films wraps and pouches are widely used in the packaging of sauces, pet food, ready-to-eat/frozen meal, candies, chocolates, snacks, dried fruits & nuts, and confectionery products.
The APAC region is projected to account for the largest share in the BOPP films market during the forecast period.
The APAC region is projected to lead the BOPP films market, in terms of both value and volume from 2020 to 2025. According to the World Bank, APAC was the fastest-growing region, in terms of both population and economy. Countries such as India and China are expected to post high growth in the BOPP films market due to the increasing developmental activities and rapid economic expansion.
According to the World Bank, the two economic giants of the APAC region, China and Japan, are the world’s second- and third-largest economies in 2019. In addition to this, the growing population in these countries presents a huge customer base for FMCG products and food & beverages, which in turn, is expected to lead to the growth of the BOPP films market. Changes in packaging styles, innovations in flexible packaging designs, and increase in demand for personal care products due to the rise in the young population are expected to drive the market for BOPP films in this region.
C Cosmo Films (India), Taghleef Industries (UAE), CCL Industries (Canada), Jindal Poly Films (India), Inteplast Group (US), and Polibak (Turkey) are the key players operating in the BOPP films market. Expansions & investments, and acquisitions are some of the significant strategies adopted by these key players to enhance their positions in the BOPP films market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441