August 13, 2020 16:00 ET | Source: Reports and Data
New York, New York, United States
New York, August 13, 2020 (GLOBE NEWSWIRE) - According to a new report from Reports and Data, by 2027, the global BOPP film market is expected to reach 33.07 billion U.S. dollars. The growth of BOPP film is mainly related to increased demand in the food, beverage and personal care industries in developed and emerging countries, which is expected to drive the market. The advantages offered by these films include the perfect combination of strength and robustness, stiffness and heat resistance.
The growth of the packaging industry has boosted the BOPP film market. Increasing the use of food packaging, such as pouches, cover films, packaging and laminates, is expected to drive market demand. The rise of poultry, meat and seafood packaging is driving the market, especially in MEA countries. Manufacturers are innovating chlorine-free alternatives to packaging to reduce their environmental impact. Research activities to develop sustainable alternatives for market products will increase awareness of waste film disposal and strict government policies.
Changes in lifestyle have increased the demand for ready-to-eat packaged foods with a longer shelf life. Manufacturers are focusing on producing single-piece packages that can support repeated heating and freezing. Durability, thermal stability, transparency, and single- and double-layer coatings will become important product characteristics in the food and pharmaceutical packaging industry.
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The COVID-19 pandemic has had a major impact on the biaxially oriented polypropylene industry. The demand for this product in various end markets has been severely damaged, the global supply chain has been disrupted, and the order of competition among manufacturers/producers has changed. The shortage of demand has caused the global chemical industry to quickly fall into an oversupply situation. Movement restrictions seem to have a direct and immediate effect. Once the mandatory social distancing ends, the situation is expected to return to normal.
The further main findings of the report indicate
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For the purpose of this report, the report and data segment the global BOPP film market based on type, production process, application and region:
Type outlook (revenue, billion US dollars; 2017-2027)
Production process outlook (revenue, billion US dollars; 2017-2027)
Application outlook (revenue, billion US dollars; 2017-2027)
To identify the main trends in the industry, please click on the following link: https://www.reportsanddata.com/report-detail/bopp-films-market
Regional outlook (revenue, billion US dollars; 2017-2027)
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