Mar 31, 2021   SOURCE: BusinessWire

North America BOPP Films Market Report 2021-2026: Prominent Players are Toray Plastics, Cosmo Films, Oben Holding Group, & Taghleef Industries - ResearchAndMarkets.com

The "North America BOPP Films Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

North America BOPP Films Market is expected to grow at a CAGR of 5.6% during the forecast period 2021 - 2026.

Over the years, the BOPP films have attracted manufactures across various end-users in the region; some of its applications comprise packaging, lamination, and labeling. Due to their inherent moisture barrier properties, sealability, high clarity, graphic reproduction, and shelf appeal, the films are gaining traction within the food packaging industry.

The BOPP films offer a relatively low carbon footprint compared to other plastics films such as polyester and LDPE. In fact, after cellulose film, BOPP film is considered the most preferred substrate due to its ecofriendly nature. The increasing awareness of consumers in the region towards environmental concerns and product packaging affecting landfills drives the growth of the market

Further, the remarkable property exhibited by BOPP films, among other commonly used flexible packaging films, is its ability to produce more yield utilizing low density during conversion and thus supports less plastic consumption per product. Additionally, the reprocessed granules of BOPP resin are widely adopted in the manufacture of injection model parts and other household items. This instance further leverages the adoption of BOPP films in the market.

In the current market, one of the significant trends in the packaging industry in the region is how the product is personalized. The transparency in clear BOPP films allows manufacturers to provide a high aesthetic appeal to the product packaging, which in turn enables the products to stand out on the shelf and possibly increase brand awareness among the consumers. This instance is expected to drive the market.

However, amidst the COVID-19 situation with the region experiencing massive incline in the number of cases, the BOPP industry faces several challenges resulting in significant trading turbulence, tariffs, disruptions in the supply chain, and fluctuations in the prices of raw materials. These instances hinder market growth.

Key Market Trends

Pharmaceuticals & Medical Industry to register significant adoption

  • The pharmaceutical packaging industry in the region has been undergoing significant changes over the last decade. The ends-user continually keeps updated with newer innovative technologies that are cost-effective. With the rise of flexible packaging in the pharmaceutical industry, the vendors are starting to deploy the power of distinctive packaging design that allows them to stand out from the rest of their competition. For instance, In March 2020, Innovia films announced the launch of Rayoface mBoss. This BOPP film is specifically designed to offer long-lasting embossing performance.
  • The industry further demands reliable and speedy packaging solutions that deliver both production protection, tamper evidence, security needs, and quality. For instance, In 2019, U.S. Food and Drug Administration (FDA) reported that it receives over 100,000 U.S reports each year that cause a life-threatening situation in the patients owing to the medical error such as the wrong dosage of medicine.
  • Due to innovations offered by the BOPP films, such as optimum performance on high-speed printing, resistance against harmful chemicals and pollution, good puncture, and flex resistance over a wide range of temperatures, is expected to enable further adoption in the industry forward.

Competitive Landscape

The North America BOPP Films Market is moderately fragmented with the presence of prominent global players, including Toray Plastics (America), Inc., Cosmo Films, Inc., Oben Holding Group, Taghleef Industries among others. These companies are leveraging the region's drive for sustainability, personalized services to capture the market, and profits.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Market Overview

4.2 Industry Value Chain Analysis

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.4 Market Drivers

4.5 Market Challenges

5 IMPACT OF COVID-19 ON THE BOPP FILMS INDUSTRY

6 NORTH AMERICA BOPP FILMS MARKET SEGMENTATION (OVERVIEW, FORECAST, AND MARKET OUTLOOK) (REVENUE IN USD MILLION, 2019 - 2025)

6.1 By End-User Vertical

6.1.1 Food

6.1.2 Beverage

6.1.3 Industrial

6.1.4 Pharmaceuticals & Medical

6.1.5 Other End-User Verticals

6.2 By Country

6.2.1 United States

6.2.2 Canada

7 COMPETITIVE LANDSCAPE

7.1 Company Profiles

7.1.1 Toray Plastics (America), Inc.

7.1.2 Oben 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 OF THE MARKET

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