Biaxially Oriented Polypropylene Market is set to grow at a healthy CAGR up to 2024, APAC to show steady growth

Biaxially Oriented Polypropylene Market in tobacco packaging segment is anticipated to witness a CAGR of 4.5% over the forecast period.

Asia Pacific Biaxially Oriented Polypropylene Market is projected to register substantial gains of over 6.5% during the period from 2016 to 2024, driven by rise in the purchasing capacity of the consumer. Flourishing E-commerce sector across the region is also expected to contribute remarkably towards the business expansion. India and China are forecast to be the key regional growth drivers.

Europe biaxially oriented polypropylene market size is expected to expand significantly over the next few years, subject to escalating product popularity across the cosmetic packaging sector. France, Germany, and UK are likely to make significant contributions towards the regional share.

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Of the key application segments in the biaxially oriented polypropylene market including tobacco, food, and tapes, tobacco packaging segment is anticipated to witness a CAGR of 4.5% over 2016-2024 as the BOPP films offer differential slip & high speed wrapping properties. The packaging tapes made from thermoplastic biaxially oriented polypropylene are also used in several industrial applications as they provide ease of labeling and can also be used in various temperature ranges. Thus, immense scope of BOPP films in aforementioned applications will lead to a strong growth curve for the overall development of biaxially oriented polypropylene industry.

Growing product requirement across lamination, labelling, printing, and packaging applications will promote biaxially oriented polypropylene market trends over the coming timeframe. Escalating demand for food preservation has made the product more popular across the food packaging sector, driven by low cost, durability, and ability to retain food freshness & aroma. Global food & beverages sector, worth USD 15 trillion in 2015, is expected to witness a significant surge over the next few years and will support the industry expansion.

Moreover, strong growth indicators across various sectors such as tapes and tobacco are expected to favorably influence biaxially oriented polypropylene market. Tapes application, which generated a revenue of USD 1.5 billion in 2015, is expected to contribute substantially towards the industry revenue over the coming timeframe. Exceptional optical and mechanical properties of BOPP tapes make them more preferred for various industrial uses. Biaxially Oriented Polypropylene (BOPP)market size in tobacco is estimated to grow at a rate of 4.5% over the coming seven years. BOPP based films are highly popular in tobacco packaging, owing to its ability to provide high speed overwrapping.

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Market players will try to increase their ROI through product differentiation, pricing, and competitive benchmarking. Biaxplen Limited, Rowad Global Packaging Company Limited, Tempo Group, Oben Holding Group, Zubairi Plastic Bags Industry LLC, Jindal Poly Films, Vibac Group S.p.a., Chemosvit A.S., Kopafilm Elektrofolien GmbH, Innovia Films, Futamura Chemical Company, Taghleef Industries, Manucor S.p.A., Cosmos Films Limited, and Uflex Limited are the major participants of BOPP industry. According to Global Market Insights, Inc., Biaxially Oriented Polypropylene Market is projected to hit USD 20 billion by 2024.

Table Of Content For This Research Report:

Chapter 2. Biaxially Oriented Polypropylene Market, Executive Summary

2.1. Biaxially oriented polypropylene industry 3600 synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Application trends

2.1.3. Regional trends

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Chapter 3. Biaxially Oriented Polypropylene Industry Insights

3.1. Biaxially Oriented Polypropylene Market segmentation

3.2. Biaxially Oriented Polypropylene Market size and forecast, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1. Vendor Matrix

3.3.2. Distribution channel analysis

3.4. Biaxially oriented polypropylene Industry Impact forces

3.4.1. Growth drivers Increasing product demand for flexible packaging Environment friendly and economic traits of the product

3.4.2. Industry pitfalls & challenges Wavering raw material prices

3.5. Growth potential analysis

3.6. Regulatory trends

3.6.1. U.S.

3.6.2. Europe

3.6.3. China

3.7. Porter’s analysis

3.8. Company market share analysis, 2015

3.8.1. Strategic landscape

3.9. PESTEL analysis

3.10 Regional price trends

3.10.1. Cost structure analysis

3.10.2. Raw material trends

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