Page 35 - Plastics News February 2023

FEATURE

BOPP Films Market Expands at 6.5% Yearly
pressure-sensitive tapes in mechanical
packaging, the tapes segment also of-
fers lucrative opportunities for leading
players in the BOPP market.
Globally rising demand for consumer
electronics and electrical goods cre-
ates a profitable growth opportunity
for the BOPP. Due to their superior
mechanical and thermal qualities,
these films optimized for wrapping
wires and cables and are regarded as
good wire and cable insulators.
Biaxially oriented polypropylene films
can be used to prevent the oxidation
of pharmaceuticals and cosmetics,
he biaxially oriented polypropyl- cosmetics, among others, has created which is particularly challenging. The
Tene (BOPP) films market is ex- product demand with enormous mar- demand in this market helped push
pected to expand at a CAGR of 6.5% ket prospects for the coming years. North America to the largest revenue
during the forecast period of 2022 to However, rigorous government reg- share for BOPP films in 2021.
2030, according to a market report ulation regarding the production of
released in January by Research and BOPP films has posed a significant ob- In terms pf applications, the bag and
Markets. stacle to the market's growth during pouch subsegment generated the
largest market share in 2021. These
Polypropylene is extensible in both the forecast period. flexible formats are resistant to water
the machine direction and across ma- Market segment perspectives. and may be printed with high-resolu-
chine directions, a stretching tech- Flexible packaging, or packaging in tion images. BOPP bags and pouches
nique that gives BOPP films superior general, is viewed one of the most have numerous uses for the packaging
printability, low gauge, clarity, flatness, lucrative industries due to its wide ap- of animal feed, pet food, seeds, and
and retention of twist. plicability in the food and beverage, other consumer goods, allowing for
Additionally, the film provides UV re- personal care, and pharmaceutical in- the potential to reach a broader audi-
sistance with a flat surface area and dustries. Increasing demand for BOPP ence.
superior chemical resistance. BOPP in packaging encompasses markets Recent years have seen growing de-
has gained popularity and great de- such the rising popularity of snacks, mand for tobacco packaging due to
mand in recent years since it provides cakes, bread, ready-to-eat packaged the rising number of new product
an excellent barrier for water vapor, food sources, frozen food, and candy. launches and the rising disposable in-
oil, and grease, is recyclable, and The food sector is also anticipated come of consumers.
emits no harmful substances. to be the fastest-growing application In terms of geography, the Asia-Pacific
Increasing product use by industries segment by the end of the forecast region is anticipated to have the high-
such as food, pharmaceuticals, and period. Also, the growing need for est market growth rate.

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PLASTICS NEWS 37
February 2023