Published by TMR Research Insights
Posted on August 19, 2021
Packaging, especially flexible packaging, is one of the most dynamic industries today owing to its extensive application in the food and beverages, personal care, and pharmaceutical sectors. The rising demand for bi-axially oriented polypropylene (BOPP) in packaging, labeling, printing, and lamination can be primarily attributed to the booming growth in the aforementioned industries. Transparency Market Research predicts that the demand for BOPP will be in line with that of flexible packaging in the near future. It is also likely to be consistent with the growth of the food and beverages industry.
By revenue, the BOPP market is poised to expand at a 5.8% CAGR from 2016 to 2024, with the value rising from US$12.7 bn in 2015 to US$20.9 bn by the end of the forecast period. The market is projected to register a 6.3% CAGR in terms of volume between 2016 and 2024.
BOPP finds application mainly in the food industry and this segment is the leading contributor to the growth of the BOPP market in terms of volume. BOPP is used for packaging and labeling in the food industry and the growing demand for snacks, cakes, breads, ready-to-eat packaged foods, frozen foods, and confectioneries has impacted the demand for BOPP in this sector.
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The food sector is also anticipated to be the fastest growing application segment by the end of the forecast period. Considering the growing demand for tapes in industrial packaging, the tapes segment also holds lucrative opportunities for players in the BOPP market.
Developing Regions Hold Immense Scope for Growth
The global BOPP market is geographically segmented into North America, Central America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In terms of volume, Asia Pacific leads the global BOPP and the region accounted for a share of more than 55% in 2015. Poised for considerable growth over the course of the forecast period, the APAC BOPP market is likely to be driven by the high demand for BOPP for the production of packages and labels in the food industry and tapes for industrial packaging purposes. China is one of the leading consumers of BOPP in the region.
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The Middle East and Africa and Latin America BOPP markets are projected to witness moderate to high growth by 2024, owing to the expansion of the food industry and the rising demand for packaged products. Countries within the GCC are expected to be key markets for BOPP in the Middle East; South Africa and Nigeria are likely to play a leading role in the BOPP market in Africa; Brazil, Argentina, Colombia, and Chile hold promising prospects for the BOPP market in Latin America.
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The BOPP market is highly fragmented, marked by the presence of several major players. Some of the prominent companies in the global BOPP market include Kopafilm Elektrofolien GmbH, SRF Limited, Chemosvit A.S., Tempo Group, Taghleef Industries, Vibac Group S.p.A., Treofan Group, Rowad Global Packaging Co. Ltd., Zubairi Plastic Bags Industry LLC, Poligal S.A., Futamura Chemical Co., Ltd., Manucor S.p.A., Oben Holding Group, Innovia Films, Xpro India Limited, Uflex Ltd., Jindal Poly Films Ltd., Biaxplen Ltd., BIOFILM, Cosmos Films Ltd., Dunmore Corporation, Polyplex Corporation Limited, and Vitopel S.A.
More Trending Reports by Transparency Market Research –
Rising Demand from Food Industry to Augment Bi-axially Oriented Polypropylene (BOPP) Market Group
Flexible packaging or any kind of packaging is considered the most powerful businesses today attributable to its broad application in the food and refreshments, individual consideration, and drug areas. The rising interest for bi-pivotally situated polypropylene (BOPP) in bundling, marking, printing, and overlay can be principally ascribed to the flourishing development in the previously mentioned businesses. Straightforwardness Market Research predicts that the interest for BOPP is likely to stand in accordance with adaptable packaging. It is likewise prone to be steady with the development of the food and refreshments industry.
BOPP discovers application basically in the food business and this portion is the main supporter of the development of the BOPP market as far as volume. BOPP is utilized for bundling and marking in the food business and the developing interest for snacks, cakes, breads, prepared to-eat bundled food sources, frozen food sources, and sweet shops has affected the interest for BOPP in this area.
The food area is likewise expected to be the quickest developing application section before the finish of the gauge time frame. Thinking about the developing interest for tapes in mechanical bundling, the tapes section additionally holds worthwhile freedoms for major parts in the BOPP market.
Use of bi-axially arranged polypropylene is generally seen in different businesses including food, tapes, tobacco, customer merchandise, and clinical.
BOPP is exceptionally utilized in food and tapes industry because of its high importance in assembling different items. Particularly in the food business is helps in safeguarding the newness of food items and expands its time span of usability. In addition, minimal effort and recyclability of bi-axially arranged polypropylene has given a fillip to the market. Additionally, developing interest for in adaptable bundling is additionally expected to support interest in this market. Rising metropolitan populace and expanding extra cash are a portion of different variables energizing interest in the bi-axially arranged polypropylene market.
Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Chemicals & Materials Market @ https://www.transparencymarketresearch.com/chemical-market-reports-2.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
Packaging, especially flexible packaging, is one of the most dynamic industries today owing to its extensive application in the food and beverages, personal care, and pharmaceutical sectors. The rising demand for bi-axially oriented polypropylene (BOPP) in packaging, labeling, printing, and lamination can be primarily attributed to the booming growth in the aforementioned industries. Transparency Market Research predicts that the demand for BOPP will be in line with that of flexible packaging in the near future. It is also likely to be consistent with the growth of the food and beverages industry.
By revenue, the BOPP market is poised to expand at a 5.8% CAGR from 2016 to 2024, with the value rising from US$12.7 bn in 2015 to US$20.9 bn by the end of the forecast period. The market is projected to register a 6.3% CAGR in terms of volume between 2016 and 2024.
BOPP finds application mainly in the food industry and this segment is the leading contributor to the growth of the BOPP market in terms of volume. BOPP is used for packaging and labeling in the food industry and the growing demand for snacks, cakes, breads, ready-to-eat packaged foods, frozen foods, and confectioneries has impacted the demand for BOPP in this sector.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
The food sector is also anticipated to be the fastest growing application segment by the end of the forecast period. Considering the growing demand for tapes in industrial packaging, the tapes segment also holds lucrative opportunities for players in the BOPP market.
Developing Regions Hold Immense Scope for Growth
The global BOPP market is geographically segmented into North America, Central America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In terms of volume, Asia Pacific leads the global BOPP and the region accounted for a share of more than 55% in 2015. Poised for considerable growth over the course of the forecast period, the APAC BOPP market is likely to be driven by the high demand for BOPP for the production of packages and labels in the food industry and tapes for industrial packaging purposes. China is one of the leading consumers of BOPP in the region.
Request for Covid-19 Impact Analysis on Bi-axially Oriented Polypropylene Market:
The Middle East and Africa and Latin America BOPP markets are projected to witness moderate to high growth by 2024, owing to the expansion of the food industry and the rising demand for packaged products. Countries within the GCC are expected to be key markets for BOPP in the Middle East; South Africa and Nigeria are likely to play a leading role in the BOPP market in Africa; Brazil, Argentina, Colombia, and Chile hold promising prospects for the BOPP market in Latin America.
Buy our Premium Research Report on Bi-axially Oriented Polypropylene Market@
The BOPP market is highly fragmented, marked by the presence of several major players. Some of the prominent companies in the global BOPP market include Kopafilm Elektrofolien GmbH, SRF Limited, Chemosvit A.S., Tempo Group, Taghleef Industries, Vibac Group S.p.A., Treofan Group, Rowad Global Packaging Co. Ltd., Zubairi Plastic Bags Industry LLC, Poligal S.A., Futamura Chemical Co., Ltd., Manucor S.p.A., Oben Holding Group, Innovia Films, Xpro India Limited, Uflex Ltd., Jindal Poly Films Ltd., Biaxplen Ltd., BIOFILM, Cosmos Films Ltd., Dunmore Corporation, Polyplex Corporation Limited, and Vitopel S.A.
More Trending Reports by Transparency Market Research –
Rising Demand from Food Industry to Augment Bi-axially Oriented Polypropylene (BOPP) Market Group
Flexible packaging or any kind of packaging is considered the most powerful businesses today attributable to its broad application in the food and refreshments, individual consideration, and drug areas. The rising interest for bi-pivotally situated polypropylene (BOPP) in bundling, marking, printing, and overlay can be principally ascribed to the flourishing development in the previously mentioned businesses. Straightforwardness Market Research predicts that the interest for BOPP is likely to stand in accordance with adaptable packaging. It is likewise prone to be steady with the development of the food and refreshments industry.
BOPP discovers application basically in the food business and this portion is the main supporter of the development of the BOPP market as far as volume. BOPP is utilized for bundling and marking in the food business and the developing interest for snacks, cakes, breads, prepared to-eat bundled food sources, frozen food sources, and sweet shops has affected the interest for BOPP in this area.
The food area is likewise expected to be the quickest developing application section before the finish of the gauge time frame. Thinking about the developing interest for tapes in mechanical bundling, the tapes section additionally holds worthwhile freedoms for major parts in the BOPP market.
Use of bi-axially arranged polypropylene is generally seen in different businesses including food, tapes, tobacco, customer merchandise, and clinical.
BOPP is exceptionally utilized in food and tapes industry because of its high importance in assembling different items. Particularly in the food business is helps in safeguarding the newness of food items and expands its time span of usability. In addition, minimal effort and recyclability of bi-axially arranged polypropylene has given a fillip to the market. Additionally, developing interest for in adaptable bundling is additionally expected to support interest in this market. Rising metropolitan populace and expanding extra cash are a portion of different variables energizing interest in the bi-axially arranged polypropylene market.
Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Chemicals & Materials Market @ https://www.transparencymarketresearch.com/chemical-market-reports-2.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
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