London, 07 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Bi-axially Oriented Polypropylene Films Market 2014-2018, which is expected to witness a CAGR of 6.49 percent during the forecast period of 2013-2018.
BOPP is a polypropylene film widely used in packaging. These films are UV resistant and have a smooth surface, good clarity, and excellent chemical and abrasion resistance properties. Based on application, the market is segmented into- Food packaging, non-food packaging, overwrap and Print and pouch. With a rise in the standards of food safety and hygiene, the consumption of BOPP films has increased because of the improved packaging options now available.
Key Market Drivers
- Increase in Demand for Packaged Food
- Rise in Standards of Food Safety and Hygiene
- Low Cost and Convenience
- Increase in Urbanization and Rising Disposable Income
Key Market Trends
- Replacement of Rigid Packaging with Flexible Packaging
- Demand for New Packaging Solutions
- Cost Reduction and Longer Shelf Life
“BOPP films are produced by using low-cost methods and are convenient to use in the packaging of food, pharmaceutical products, and personal care goods,” says Faisal Ghaus, Vice President of TechNavio.
“Consumers tend to prefer products with flexible packaging, which is made possible with BOPP films, especially in the Food and Consumer Goods segments.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
