According to the report projections, the global BOPP films for packaging market is expected to witness a CAGR of 6.0% from 2017 to 2025. In 2017, the market was worth US$ 13,669.4 Mn and is expected to touch a valuation of US$ 21,736.5 Mn by the end of 2025.
Albany, NY -- (SBWIRE) -- 03/01/2019 -- The growing demand for innovative and novel packaging options is a noteworthy trend that is envisioned to open a plethora of growth prospects for the global BOPP films for packaging market. The global packaging industry is moving towards a new trend and players are replacing cellophane, waxing paper, and aluminum foils with BOPP films. This trend is expected to gain traction in the coming years owing to the fact that BOPP films are more flexible and also facilitate faster packaging with advanced sealing properties as compared to other packaging materials. This has impelled manufacturers to come up with new techniques pertaining to the production of BOPP films in order to cater to the demand of various industries.
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BOPP Films for Packaging Market: Segmentation
Packaging Type
Wraps
Bags and Pouches
Tapes
Labels
Printing and Lamination
Thickness
Below 15 micron
15 to 30 micron
30 to 45 micron
Above 45 micron
End Use
Food
Meat
Fresh Produce
Confectionery
Coffee & Tea
Other foods (chips, biscuits, & cereals)
Beverage
Personal Care & Cosmetics
Pharmaceuticals
Tobacco Packaging
Electrical & Electronics
Industrial
Region
North America
Latin America
Europe
Asia Pacific
The Middle East and Africa
The burgeoning demand for high barrier flexible packaging solutions has led to a significant rise in the demand for high and ultra-high barrier films. Currently, several materials such as PVdC, EVOH, PEN, PA, and MFC are being used as barrier materials, which has strengthened the competition. Barrier property has also surfaced as the new criteria for product and brand differentiation owing to frequent product launches and innovations. As a result, several alternative plastic materials are emerging in the global market as a cheaper substitute for BOPP films.
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