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Biaxially Oriented Polypropylene Market Impressive Growth Rate Will Be Stimulated by Food & Beverage Industry Up To 2024

Author : Ronak Bora | Published Date : 2019-08-06 

The food & beverage industry revenue in 2015 was over USD 15 trillion and the biaxially oriented polypropylene market has substantial growth avenues in coming years owing to improved consumer spending pattern coupled with enhanced lifestyle dynamics. Because of the product features such as high strength and clarity, high barrier and durability properties, BOPP is extensively used in food packaging applications, which benefits in suitable printing and coating over confectionary, frozen food, ready to eat meals and snacks.

Food applications segment accounted for over 50% of the overall BOPP industry share and thus held the largest market chunk in 2015. BOPP is extensively used in food and beverage sector in packaging film dies, owing to its benefits of moisture protection and food & aroma preservation. The escalating food & beverage industry across the globe is one of the most prominent drivers fueling the biaxially oriented polypropylene market trends. Furthermore, the soaring pharmaceutical and cosmetics industries have significantly propelled the overall BOPP industry share. These films are used in cosmetics and medical product packaging as they help in retaining the original substance properties. Thriving pharmaceutical and food packaging sectors across the North America along with changing consumer lifestyles are expected to drive the business trends in the region. North America BOPP market value, worth USD 1.5 billion in 2015, is predicted to witness a lucrative growth over the years ahead.

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Europe biaxially oriented polypropylene market size is expected to expand significantly over the next few years, subject to escalating product popularity across the cosmetic packaging sector. France, Germany, and UK are likely to make significant contributions towards the regional share.

Of the key application segments including tobacco, food, and tapes, tobacco packaging segment is anticipated to witness a CAGR of 4.5% over 2016-2024 as the BOPP films offer differential slip & high speed wrapping properties. The packaging tapes made from thermoplastic biaxially oriented polypropylene are also used in several industrial applications as they provide ease of labeling and can also be used in various temperature ranges. Thus, immense scope of BOPP films in aforementioned applications will lead to a strong growth curve for the overall development of biaxially oriented polypropylene market.

The cosmetic sector generated revenue around USD 210 billion globally, in 2015, and portrays brighter growth aspects in the near future. The product is broadly used in the cosmetic and pharmaceutical packaging, as it helps in conserving the product characteristics such as aroma. Global biaxially oriented polypropylene market for tobacco is probable to have sluggish progress around 4.5% CAGR in the forecast period.

Key industry players for biaxially oriented polypropylene market are include Vitopel S.A., Oben Holding Group, SRF Limited, Biaxplen Ltd., Xpro India Ltd, Zubairi Plastic Bags Industry LLC, Chemosvit A.S., Rowad Global Packaging Co. Ltd., Jindal Poly Films Ltd., Kopafilm Elektrofolien gmbh, Polyplex Corporation Ltd., Innovia Films, Dunmore, Taghleef Industries, BIOFILM, Uflex Ltd., Treofan Group, Vibac Group, Manucor S.p.A., Futamura Chemical Co., Ltd., Poligal S.A., Tempo Group and Cosmos Films Ltd.

Glimpse of Table of Content (ToC)

Chapter 3.   Biaxially Oriented Polypropylene Market Insights

3.1.   Biaxially oriented polypropylene market segmentation

3.2.   Biaxially oriented polypropylene market size and forecast, 2013 - 2024

3.3.   Biaxially oriented polypropylene market ecosystem analysis

3.3.1.    Vendor Matrix

3.3.2.    Distribution channel analysis

3.4.   Biaxially oriented polypropylene Industry Impact forces

3.4.1.    Growth drivers Increasing product demand for flexible packaging Environment friendly and economic traits of the product

3.4.2.    Industry pitfalls & challenges Wavering raw material prices

3.5.   Growth potential analysis

3.6.   Regulatory trends

3.6.1.    U.S.

3.6.2.    Europe

3.6.3.    China

3.7.   Porter's analysis

3.8.   Company market share analysis, 2015

3.8.1.  Strategic landscape

3.9.   PESTEL analysis

3.10   Regional price trends

3.10.1.  Cost structure analysis

3.10.2.  Raw material trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/biaxially-oriented-polypropylene-bopp-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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