BOPP (Biaxially Oriented Polypropylene) Film Market 2016 key Trends Size Application and Analysis up to 2020
Deerfield Beach, FL -- (SBWIRE) -- 05/19/2016 -- BOPP (Biaxially Oriented Polypropylene) Film (White/Opaque/Matt, Metallized and Transparent) Market for Pressure Sensitive Tapes, Biscuits/Bakery Products, Confectionery, Dried Foods, Tobacco, Pasta/Noodles and Other Applications - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
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BOPP film is a rugged thermoplastic polymer. When film is stretched in two different directions, it is called as "biaxially oriented". BOPP films have been developed 35 years back. BOPP films are widely used as substitute for of cellophane, waxed paper, and aluminum foil. BOPP films exhibit excellent physical and chemical properties such as lower elongation (harder to stretch), higher tensile strength for a given thickness, greater stiffness, improved optical properties, and improved barrier to water/gases. BOPP films are growing into popularity among manufacturers and end-users owing to safe and energy efficient production process and wide ranging application in the field of food & beverage packaging, medical packaging, personal care packaging, tamper evident films, etc. Because of its superior strength at low gauges, flatness, clarity, light weight and excellent printability, it has become an indispensable packaging material for a wide variety of consumer products including foods, garments, textiles, and stationary.
BOPP films market is mainly driven by strong demand from packaging industry. The food packaging market is primarily driven by the changing consumers preference towards specialty & processed food, advancement in food packaging material, marketing strategies of companies, increase in the demand for food packaging material products and rising consumer awareness in developing economies. Growing demand for food packaging across the world is expected to drive the demand for BOPP films across the world. Strong economical growth coupled with rising disposable income and changing lifestyle has been resulted into growing demand for convenience food in China. This in turn resulted into growing demand for food packaging and BOPP films in turn in China. However, growing environmental issues is one of the key factors affecting the BOPP films market. Huge untapped market for BOPP films in emerging economies is expected to provide a growth window for manufacturers.
Different product segments of the BOPP film market include white/opaque/matt, metallized and transparent. Transparent was a major product segment of BOPP film and constituted largest share of the global demand in 2014 and is expected to continue its dominance in global market over the forecast period. White/opaque/matt product segment held over 13% of the market share in 2014. This segment is expected to exhibit moderate growth over the forecast period.
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Dried food segment dominated the BOPP film market in 2014, which accounted for largest share of the global market. Pressure sensitive tape is another leading segment constituted around 20% of the market share in 2014. Pressure sensitive tape was the second largest application segment in the BOPP film market in 2014. The pressure sensitive tapes market witnessed a significant growth in the recent years, and this growth is projected to persist in the coming years.
The global BOPP film market was dominated by Asia Pacific with over 45% share of the total volume consumed in 2014. Strong growth of BOPP films in Asia Pacific region is mainly stemmed from increasing demand from China. China dominated the global BOPP film market with over 30% share in production and consumption. Asia Pacific was followed by Europe with significant share in total volume consumption in 2014. Middle East & Africa was the third largest regional market for BOPP films in 2014, followed by North America and Latin America.
Some of the prominent market players in the global BOPP film market include, Taghleef Industries, Jindal Poly Films, Nan Ya Plastics, Treofan, Vibac, Vitopel, Jiangsu Shukang Packing Material Co., Ltd., Futamura, Cosmo Films, Kopa Films, DuPont, Innovia Films and Ampacet Corporation.
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