Increasing BOPP demand in electronics, food packaging and insulation applications are expected to remain a key factor driving the global market growth. Biaxially oriented polypropylene (BOPP) films have been increasingly used at a commendable rate over the recent past owing to its superior thermal insulation properties over counterparts such as wax paper and cellophane. BOPP products can be segmented on basis of their applications into electronics, food packaging, insulation, cosmetics, lamination and printing. Applications for these finely metalized films are numerous; including heat-sealant insulation and element-resistant food packaging for meat, chips, biscuits and other food products. BOPP is used for decorative packaging or gift wrapping leading to a rise in demand during seasons and festivities, especially since metalized BOPP lends a sparkle to packages that paper and others do not. Personal care industries has shown rising demand by utilizing metalized BOPP films to create containers lined with water-resistant and gas-resistant packages for preservation and protection. Metalized BOPP has electronic applications mainly for manufacturing capacitors as a dielectric and also in the production of anti-static bags. Capacitors are widely used in all electronic circuits and the increasing dependence on automation and mechanization has lead to increasing growth in industrial applications. Biaxially oriented films are stretched in two directions, lending properties such as greater tensile strength and stiffness, creating tremendous potential in all packaging applications. Their improved resistance to water and barrier for gases creates growing demand for BOPP films. Recyclability and reprocessing ability of BOPP is expected to further strengthen its demand in packaging applications.
Metalized BOPET (biaxially oriented polyethylene terephthalate) films have been banned in India by recent government ruling for usage in tobacco laminate packaging and this has led to a massive increase in BOPP demand as a substitute for BOPET. European duties have also been lifted on Indian exports, making the metalized BOPP products more competitive in outside market. Flexible packaging remains a key growth driver in the metalized BOPP industry in Europe owing to huge market capacity in Western European region. In Eastern Europe, the demand for flexible packaging is forecasted to rise, although some may be exported to the North West European countries. Central and East Asian region that include China, Japan, South Korea and Taiwan is the world’s largest BOPP films producer and consumer accounting for over half of global demand. Total growth in the Middle East has been achieved in the previous year and market is almost mature due to the vast availability of petroleum reserves and its by-products.
The price of BOPP metalized films is linked to petroleum and hence is slated to rise in the upcoming years. This could present a potential constraint to the global market growth. However, metalized BOPP remains high in demand constantly despite supply-demand imbalances within the market. There is still significant production of metalized paper in India and forecasted growth is in the labels and cigarette carton inner liner markets..
Major companies operating in the global BOPP market include Jindal Poly Films, VacMet, Uflex, Formosa Plastics Group, Treofan Group, DK Enterprises, Mondi Group, Viam Films, Vitophel and General Binding.
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