Labeling, Printing, Packaging And Lamination To Drive BOPP Demand In Asia-Pacific

Labeling, printing, packaging and lamination to drive BOPP demand in Asia-Pacific

13-Jun-17

The Asia-Pacific biaxially oriented polypropylene market size was primarily driven by significant product demand across labeling, printing, packaging and lamination applications. The overall insulation industry generated revenue close to US$40 bln in 2016 and will exceed US$75 billion with projected growth of more than 5% over the projected timeframe, as per ResearchnReports.com. This trend will subsequently boost the overall industry growth. The product owing to its superior clarity and strength is widely used in the food packaging, as it allows easy printing and coating over packaged food such as frozen food, snacks, ready to eat meals and confectionery.

BOPP is also used in the cosmetic and pharmaceutical packaging. Strong growth indicators exist in the aforementioned industries, particularly due to rising consumer spending towards personal wellbeing. The overall cosmetic industry was valued at over US$150 bln in 2010 and was marked close to US$210 bln in 2016, this trend results in driving the Asia-Pacific BOPP market size over the estimated period. The product based films are widely preferred in cosmetic and pharmaceutical packaging as offers superior barrier characteristics which helps in retaining the product properties such as aroma, at the time of prolonged storage.
The overall food & beverage industry is experiencing escalating growth on account of improving consumer lifestyle dynamics and increasing spending power. For instance, the Asia-Pacific food & beverage business was roughly around US$ 8 trillion in 2010 and reached close to US$ 15 trillion in 2016, which ultimately results in propelling the BOPP market size. Furthermore, increasing consumer awareness towards food preservation will substantially boost the product demand.