Global Biaxially Oriented Polypropylene Films Market 2016-2020

Outlook of the biaxially oriented polypropylene (BOPP) films market

Biaxially oriented polypropylene (BOPP) films are thermoplastic polymers that find extensive applications in the packaging industry. Polypropylene (PP) is one of the key polymers used in the manufacture of BOPP films and is a derivative of petroleum. One of the primary factors propelling the growth prospects for this market is the rising demand for packaged food in the last few years. Most consumers have become increasingly conscious about the way food products are packaged, and are, therefore, looking for improved and cost-effective methods for food preservation. The high barrier properties, cost-effectiveness, and durability, associated with the use of BOPP films are anticipated to lead to its augmented adoption in the coming years. The high barrier properties of BOPP films effectively lock the aroma and moisture vapor of food, thereby retaining the freshness of food products for a longer time. According to the analysts at Technavio, the BOPP films market is anticipated to witness steady growth and will post a CAGR of more than 6% over the forecast period.

The increasing demand for new and innovative packaging options is an important trend that is envisaged to impel in the growth prospects for this market over the next four years. The market is moving towards replacing aluminum foils, waxing paper, and cellophane with BOPP films as it serves as a more flexible packaging solution and facilitates faster packaging with excellent sealing properties. This has prompted several manufacturers in the food and non-food packaging segments to replace conventional packaging materials with BOPP films. With an augmented demand for flexible packaging, the BOPP films market is expected to have a positive outlook until the end of 2020.

Segmentation by type and analysis of the BOPP films market

• Specialty films
• Commodity films