DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Biaxially Oriented Polypropylene Films Market 2016-2020" report to their offering.
The global biaxially oriented polypropylene (BOPP) films market to grow at a CAGR of 6.4% during the period 2016-2020.
BOPP films have gained popularity in the global market because of their sealability, stiffness, transparency, twist retention, and barrier properties. These films are UV resistant and have smooth surfaces with good clarity and excellent chemical and abrasion resistance properties.
The report covers the present scenario and the growth prospects of the global biaxially oriented polypropylene (BOPP) films market for 2016-2020. To calculate the market size, the report contains the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market. The report also discusses the major drivers affecting market growth and the challenges faced by the vendors and the market as a whole. It also explores key emerging trends and their influence on current and future market scenarios.
Cost reduction and convenience will be a key trend for market growth. The global BOPP films market is trending toward producing cost-effective films that have longer shelf lives. The food product and non-food product packaging industries are increasingly using BOPP films for packaging as these films provide longer shelf life and are cost-effective. BOPP films are produced using low-cost methods and are convenient for use in the packaging of food products, personal care products, and pharmaceutical products. Consumers tend to prefer products with flexible packaging, which has been possible with the use of BOPP films, particularly in the food and consumer goods segments.
According to the report, rise in demand for packaged food will be a key driver for market growth. The global packaged food market will grow at a CAGR of 4.54% during the forecast period. This will have a positive impact on the global BOPP films market as consumers are becoming conscious about the way food products are being packaged. They are looking for cost-effective methods of food preservation, which are possible with improved packaging options. BOPP films offer high barrier properties, cost-effectiveness, and durability and are, thus, extensively used in food packaging. BOPP films can be coated to act as excellent barriers to aroma, oxygen, and moisture vapor and retain the freshness of food products such as bakery products.
Key vendors
- Formosa Plastics
- Jindal Poly Films
- Taghleef Industries
- Treofan Group
Other prominent vendors
- Chiripal Poly Films
- Cosmo Films
- Guangdong Decro Film New Materials
- D.K. Enterprises
- Flex Film
- Futamura Chemical
- GMP
- Inteplast Group
- Ipak
- Irplast
- Jiangsu Kangde Xin Composite Material
- Jiangsu Shenda Group
- Jiangsu Shuangliang Packaging
- Max Speciality Films
- Mondi
- SRF
- Transilwrap
- Viam Films
- Vibac
- Vitopel
For more information visit http://www.researchandmarkets.com/research/bsphkx/global_biaxially
