Dublin, Dec. 04, 2023 (GLOBE NEWSWIRE) -- The "BOPP Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global BOPP films market size reached US$ 20.1 Billion in 2022 and is forecast to reach US$ 27 Billion by 2028, exhibiting a CAGR of 5.04% during 2022-2028.
BOPP Films Market Trends:
The growing food and beverage industry, along with the increasing requirement for efficient pharmaceutical packaging solutions, represents one of the key factors creating a positive outlook for the market. Furthermore, the widespread adoption of flexible packaging for ready-to-eat food products, dairy and other beverages, such as coffee brews, carbonated sodas, caffeinated drinks and mixed beverages, is also contributing to the market growth.
BOPP films are also used as a co-extruded heat sealable and reverse printable film for packaging medicines and drugs. They ensure that the nutrition, color and flavor of the contents remain intact and facilitate prompt and secured transportation of products in bulk quantities.
Additionally, various product innovations, such as the development of single-unit and chlorine-free variants, are acting as other growth-inducing factors. In comparison to the traditionally used cellophane, waxing paper and aluminum foil, these films are highly cost-effective and have minimal effects on the environment. Other factors, including increasing consumer preference for convenient packaging, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global BOPP films market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, thickness, production process and application.
Breakup by Type:
- Wraps
- Bags and Pouches
- Tapes
- Labels
- Others
Breakup by Thickness:
- Below 15 microns
- 15-30 microns
- 30-45 microns
- More than 45 microns
Breakup by Production Process:
- Tenter
- Tubular
Breakup by Application:
- Food
- Beverage
- Tobacco
- Personal Care
- Pharmaceutical
- Electrical and Electronics
- Others
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players including:
- Altopro S.A. de C.V.
- Amcor Plc
- Ampacet Corporation
- Chiripal Poly Films Limited
- Clondalkin Flexible Packaging
- Cosmo Films Limited
- Futamura Chemical Co. Ltd.
- Innovia Films Limited (CCL Industries)
- Jindal Poly Films Limited
- Mondi Plc
- Polyplex Corporation Ltd.
- Printpack Holdings Inc.
- Toray Industries Inc.
- Uflex
Key Questions Answered in This Report
- What was the size of the global BOPP films market in 2022?
- What is the expected growth rate of the global BOPP films market during 2023-2028?
- What are the key factors driving the global BOPP films market?
- What has been the impact of COVID-19 on the global BOPP films market?
- What is the breakup of the global BOPP films market based on the type?
- What is the breakup of the global BOPP films market based on the thickness?
- What is the breakup of the global BOPP films market based on the application?
- What are the key regions in the global BOPP films market?
- Who are the key players/companies in the global BOPP films market?
For more information about this report visit https://www.researchandmarkets.com/r/9rzw1t
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
