DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/vtnss6/global_bopp_films) has announced the addition of the "Global BOPP Films Market 2014-2018" report to their offering.
The Global BOPP Films market to grow at a CAGR of 6.49 percent over the period 2014-2018.
BOPP film is a polypropylene film which is widely used for packaging. Biaxial orientation is a process that involves the heating of cast film continuously to bring it to a stretchable temperature. These films are stretched in a machine in the transverse direction. This process is carried out through two methods: tenter method and bubble method. BOPP films can resist UV light and have a smooth surface, good clarity, and excellent chemical and abrasion resistance properties.
One of the major trends that are emerging in this market is the replacement of rigid packaging with flexible packaging. Manufacturers are focusing on flexible packaging options for food and nonfood products as consumer preferences are changing.
According to the report, the most important driver in the market is the increase in demand for packaged food, which is being led by the shifting preference of consumers toward flexible methods of packaging. BOPP films have many advantages that make them an ideal option for packaging food and maintaining a long shelf life of the product.
Further, the report states that one of the major challenges confronting the market is overinvestment in production, which is resulting in oversupply, low prices, and poor returns. Manufacturers have been producing large quantities of BOPP film, which is resulting in the oversupply of material with no corresponding demand.
In terms of technology, the Global BOPP Films market can be segmented into two:
- Tenter Method
- Bubble Method
- Formosa Plastics Group
- Jindal Poly Films
- Taghleef Industries
- Treofan Group
Other Prominent Vendors
- Beijing Kangde Xin Composite Material
- Cosmo Films
- DK Enterprises
- Deprosa Film
- Flex Film
- Futamura Chemical
- General Binding
- Jiangsu Shenda Group
- Jiangsu Shuangliang Packaging
- Mondi Group
- Viam Films
For more information visit http://www.researchandmarkets.com/research/vtnss6/global_bopp_films
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Source: Research and Markets