Biaxially Oriented Polypropylene in Films and Sheets Market to register CAGR of 5.8% uptil 2019

03-Aug-16

The global biaxially oriented polypropylene (BOPP) in films and sheets market was valued at US$10714 mln in 2014, and is projected to reach US$14117.8 mln by 2019, at a CAGR of 5.8% from 2014 to 2019, as per Micro Market Monitor.
One of the most significant factors influencing the growth of the BOPP in films and sheets market include the widespread applicability of BOPP materials in the packaging and non-packaging industries. BOPP films are also utilized in agricultural practices; majorly in five broader areas, namely greenhouse, mulching, tunnels, reservoir and irrigation, and silage. The building and construction industry serves to be second most important application area for non-packaging plastic films & sheets.
Key companies operating in the global BOPP in films and sheets market include Sealed Air Corporation (U.S.), Amcor Limited (Australia), Bemis Company Inc. (U.S.), Jindal Poly Films Ltd. (India), Toyobo Co. Ltd. (Japan), AEP Industries Inc. (U.S.), Berry Plastics Group (U.S.), Saudi Basic Industries Corporation (Saudi Arabia), and Toray Industries (Japan). These companies are consistently focusing on expanding their production capacity to achieve a competitive edge over other market players.