The United States And Canada BOPP Films Market Record 2021-2026: Noticeable Gamers Are Toray Plastics, Cosmo Films, Oben Holding Team, as well as Taghleef Industries – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE) – Added report “North America BOPP Films Market – Growth, Trends, Impact of COVID-19, and Forecasts (2021-2026)” added ResearchAndMarkets.com Offer.
The North American BOPP film market is expected to grow by 5.6% in the forecast period 2021-2026.
Over the years, the BOPP films have attracted manufacturers from various end users in the region. Some of its uses include packaging, lamination, and labeling. Due to their inherent moisture barrier properties, sealability, high clarity, graphic reproduction and shelf attractiveness, the films are gaining in importance in the food packaging industry.
Compared to other plastic films such as polyester and LDPE, the BOPP films offer a relatively low carbon footprint. Indeed, BOPP film is considered to be the most preferred substrate after cellulosic film because of its environmentally friendly nature. Increasing consumer awareness in the region of environmental concerns and product packaging that impact landfills is driving the growth of the market
Furthermore, the notable property that BOPP films have, along with other commonly used flexible packaging films, is their ability to achieve a higher yield with little conversion during conversion, thus supporting lower plastic consumption per product. In addition, the reclaimed BOPP resin granules are widely used in the manufacture of injection model parts and other household items. This instance takes advantage of the acceptance of BOPP films on the market.
In the current market, one of the main trends in the packaging industry in the region is product personalization. The transparency in clear BOPP films enables manufacturers to give product packaging a high level of aesthetics, which in turn enables the products to stand out on the shelf and possibly increase brand awareness among consumers. This instance is expected to drive the market.
In the midst of the COVID-19 situation, in which the region is increasing massively in many cases, the BOPP industry is facing several challenges that lead to significant trade turbulence, tariffs, disruptions in the supply chain and fluctuations in raw material prices. These cases hinder market growth.
Important market trends
The pharmaceutical and medical industries are registering significant acceptance
The pharmaceutical packaging industry in the region has seen significant changes over the past decade. The end user is constantly kept up to date with newer innovative technologies that are inexpensive. With the advent of flexible packaging in the pharmaceutical industry, vendors are starting to use the power of distinctive packaging design that allows them to stand out from the competition. For example, Innovia films announced the launch of Rayoface mBoss in March 2020. This BOPP film was specially developed to offer a long-lasting embossing effect.
The industry also demands reliable and fast packaging solutions that offer both production protection and manipulation security, security requirements and quality. For example, the US Food and Drug Administration (FDA) reported in 2019 that it receives over 100,000 US reports every year that cause a life-threatening situation for patients due to medical errors such as improper drug dosing.
Further acceptance in the industry is expected due to the innovations that the BOPP films offer, such as optimal performance in high speed printing, resistance to harmful chemicals and pollution, good puncture resistance and flexural strength over a wide temperature range.
The North American BOPP film market is moderately fragmented by the presence of prominent global players, including Toray Plastics (America), Inc., Cosmo Films, Inc., Oben Holding Group and Taghleef Industries. These companies leverage the region’s pursuit of sustainability, personalized services to enter the market, and profit.
Main topics covered:
1.1 Study assumptions and market definition
1.2 Scope of the study
2 RESEARCH METHODOLOGY
4 MARKET INSIGHTS
4.1 Market overview
4.2 Analysis of the industry’s value chain
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.4 Market drivers
4.5 Market Challenges
5 EFFECTS OF COVID-19 ON THE BOPP FILM INDUSTRY
6 NORTH AMERICA BOPP FILMS MARKET SEGMENTATION (OVERVIEW, FORECAST AND MARKET OUTLOOK) (REVENUE IN MILLION USD, 2019-2025)
6.1 By vertical end user
6.1.4 Pharma & Medicine
6.1.5 Other End User Industries
6.2 By country
6.2.1 United States
7 COMPETITIVE LANDSCAPE
7.1 Company profiles
7.1.1 Toray Plastics (America), Inc.
7.1.2 Above Holding Group
7.1.3 Taghleef Industries
7.1.4 Dunmore Corporation
7.1.5 Inteplast Group
7.1.6 Cheever Specialty Paper & Film
7.1.7 Cosmo Films, Inc.
7.1.8 Copol International Ltd.
7.1.9 Innovia Films
8 FUTURE OUTLOOK FOR THE MARKET
Please visit https://www.researchandmarkets.com/r/m7kpi7 for more information on this report