Global Bi-Axially Oriented Polypropylene (BOPP) Market Is Projected to Increase to US$20.9 Bn During 2013-2024

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Albany, NY — 12/15/2017 — Bi-axially oriented polypropylene (BOPP) is polypropylene based film or sheet stretched across two axes in a sequential manner. BOPP films are manufactured using tubular film and stenter processes. Commercially, stenter process is preferred to the tubular process considering the inherent advantages such as mass production and extensive thin films. Presently, BOPP films are available in various product forms, such as plain BOPP films, matte BOPP films, heat sealable BOPP films, and anti-fog BOPP films, wherein each of these films offers varied properties that makes it suitable for usage in wide range of applications. BOPP films are primarily employed in the food industry for packaging of frozen food, meat & cheese, pet food, bakery products and confectionaries, and fresh produce. Rising demand for these applications in various regions is likely to propel demand for BOPP films in the near future.

BOPP is also used in tapes, tobacco packaging, gift packaging, cosmetics packaging, pharmaceutical packaging, lamination, and other applications. Flexible packaging is used in majority of these applications. Considering the extensive growth of the global flexible packaging market, demand for BOPP is projected to increase significantly in the next few years. Asia Pacific dominates the BOPP market in terms of production and demand. Countries such as China, India, Thailand, and South Korea are expected to be the key producers and consumers of BOPP. Growth of the market is likely to be restrained due to fluctuation in raw material prices, as these are dependent on crude oil prices and supply of BOPP in the market. These factors are projected to hamper market growth during the forecast period. Rising demand for specialty films in the packaging industry is expected to act as a major opportunity in the BOPP market in the next few years.

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This report analyzes and forecasts the market for BOPP at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year and historic trend from 2013 to 2015. The study includes drivers and restraints of the global BOPP market. It also covers impact of these drivers and restraints on demand for BOPP during the forecast period. The report also highlights opportunities in the BOPP market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global BOPP market. Porter's Five Forces model for the BOPP market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global BOPP market by segmenting it in terms of applications such as food, tapes, tobacco, and others including consumer goods, labels, and other packaging. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand in North America, Central America Europe, Asia Pacific, South America, and Middle East & Africa.

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The report comprises profiles of major companies operating in the global BOPP market. Key players in the BOPP market are Jindal Poly Films Ltd., Dunmore Corporation, Innovia Films, BIOFILM, Taghleef Industries, Treofan Group, Vibac Group S.p.A., Futamura Chemical Co., Ltd., Poligal S.A., Manucor S.p.A., Uflex Ltd., Cosmos Films Ltd., Tempo Group, Polyplex Corporation Limited, Kopafilm Elektrofolien GmbH, Rowad Global Packaging Co. Ltd., Zubairi Plastic Bags Industry LLC, Chemosvit A.S., Xpro India Limited, SRF Limited, Oben Holding Group, Biaxplen Ltd. and Vitopel S.A. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global BOPP market has been segmented as follows:

BOPP Market: Application Analysis
– Food
– Tapes
– Tobacco
– Others (medical, consumer goods, etc.)

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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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