Growing demand for packaging on account of proliferation of e-commerce is likely to provide an impetus to growth during the assessment period
Albany, NY -- (SBWIRE) -- 06/25/2018 -- A new detailed study titled "Global Market Study on BOPP Films for Packaging: Industrial Sector to Witness High Adoption in the Coming Years Owing to Changing Consumer Preferences" has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the study, the global BOPP films for packaging market is likely to reach a valuation of nearly US$ 22 Bn by the end of 2025, growing at a CAGR of nearly 6% during the assessment period.
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According to the research study, growing demand for packaging on account of proliferation of e-commerce is likely to provide an impetus to growth during the assessment period. The BOPP films for packaging are widely used in the e-commerce industry, and it is highly likely that demand will remain steady over the course of the assessment period. In addition to the e-commerce industry, demand is also likely to be steady on account of sustained demand from retail channels.
The report segments the global BOPP films for packaging market into packaging market, end use market, thickness market and region market. On the basis of packaging type, the key segments include wraps, tapes, labels, bags & pouches, and printing & lamination. By thickness, the key segments in the market include below 15 micron, 15 to 30 micron, 30 to 45 micron, and above 45 micron. By end-use, the key segments include food, beverage, pharmaceuticals, electrical & electronics, personal care & cosmetics, and industrial.
Geographically, the market is divided into key regions globally which are North America, Asia Pacific, Latin America, Middle East & Africa and Europe. According to the research study, Asia Pacific continues to be one of the leading markets for BOPP films for packaging globally. Many countries in Asia Pacific are hubs of manufacturing, and it is highly likely that demand will remain sustained during the assessment period.
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The report profiles some of the leading players operating in the market. Some of these players are Cosmo Films Ltd., Polyplex Corporation Ltd., Uflex Ltd., Ampacet Corporation, Manucor S.p.A., Innovia Films Limited, SRF Limited, Mitsui Chemicals Tohcello, Inc., Toray Plastics (America), Inc., LC Packaging International BV, National Industrialization Company, Chiripal Poly Films Ltd., Futamura Chemical Co. Ltd. and Jindal Poly Films Limited. According to the research study, these companies are focusing on boosting their presence in emerging markets to consolidate their position in these regions.
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