Global metalized biaxially oriented polypropylene (BOPP) films market is expected to witness significant growth over the next seven years owing to growing demand from food and electronics packaging industry. Increasing consumer goods market is anticipated to fuel packaging demand which in turn is expected to augment metalized BOPP films market growth over the forecast period. Superior metalized BOPP films properties such as transparency, shrinkage and sealability are projected to positively aggravate demand in packaging applications over the forecast period. Increasing demand in pharmaceutical and personal-care industries is anticipated to drive global metalized BOPP films market growth over the next seven years. Improved water and air resistance provided by metalized BOPP films is projected to fuel the market growth. Insufficient crude supplies coupled with volatile finished product prices are presumed to negatively impact metalized BOPP films market growth in near future. Increasing R&D spending for application specific product developments is projected to provide lucrative opportunities to industry participants over the forecast period.
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On the basis of application, global metalized BOPP films market has been segmented into food packaging, electronics, printing, lamination, cosmetics and insulation. Asia Pacific is expected to be the largest metalized BOPP films manufacturer as well as consumer market and the trend is estimated to continue over the next seven years. Growing flexible packaging industry along with implementation of innovative technologies is expected to bolster market growth in the region. Favorable government regulations in the Asia Pacific region is projected to increase metalized BOPP demand in the region. Metalized BOPET films (biaxially oriented polyethylene terephthalate) have been banned for tobacco laminate packaging in India. This is expected to result in increased metalized BOPP films demand in the region. Latin America is anticipated to witness above average growth over the foreseeable future owing to rapid economic developments coupled with increasing consumer disposable income in the region.
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Global metalized BOPP films market is highly consolidated with presence of few players in the market. Key players operating in metalized BOPP films market include DuPont, Borealis AG, Dow Chemical, Cosmo Films Ltd, Granwell Products, Arkema S.A., Sinopec Corp and SABIC. Innovative product development is expected to be the key strategy followed by industry participants over the next seven years.
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