The global Bags and Pouches BOPP Films Market is forecast to reach USD 33.07 Billion by 2027, according to a new report by Reports and Data. The growth of Bags and Pouches BOPP Films can be mainly associated with the increasing demand from the food and beverage and personal care industry in developed and emerging countries, which is anticipated to drive the market. These films provide benefits comprising strength and robustness, an excellent blend of stiffness, and heat resistance. The growth of the packaging industry drives the market for Bags and Pouches BOPP Films. Increasing the use of food packaging such as pouches, lidding films, wraps, and laminates is expected to propel the demand from the market. The rise in the packaging of poultry, meat, and seafood is driving the market, especially in MEA countries. Manufacturers are innovating chlorine-free alternatives for packaging to reduce the impact on the environment. The research activities to develop sustainable alternatives for the market product will increase awareness and stringent government policies regarding the disposal of discarded films.

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Competitive Landscape:

Asia Pacific is forecasted to grow with the highest CAGR of 5.2% during the forecast period. Countries such as India, China, and Japan are the fastest-growing economies contributing heavily towards the growth of the Bags and Pouches BOPP Films market. The presence of companies such as Jindal Poly Films Limited, Cosmo Films Limited, and Toray Industries is expected to increase the applications of the films in food & beverage and other industries.

Key participants include CCL Industries Inc., Cosmo Films Limited, Jindal Poly Films, Sibur Holdings, Poligal S.A, Uflex Limited, Toray Industries, Inteplast Group, Taghleef Industries, and Vitopel, among others.

 Market Overview:

The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2020to 2027. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.  

Key questions addressed in the report:

• What size is the global Bags and Pouches BOPP Films market expected to reach over the forecast period?
• Which revenue CAGR is the global market expected to register throughout the forecast period?
• Which factors are expected to hamper global market growth during the forecast period?
• Which key factors are expected to driver global Bags and Pouches BOPP Films market throughout the forecast period?
• Which application segment is expected to register fastest revenue CAGR between 2020 and 2027?
• Which region is expected to register fastest revenue CAGR throughout the forecast period?
• What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

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 Global Bags and Pouches BOPP Films Market Segmentation:

Type Outlook:

• Bags and Pouches
• Tapes
• Wraps
• Labels

Applications Outlook:

• Food
• Beverage
• Pharmaceutical
• Tobacco

Regional Analysis covers:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • K.
  • Rest of EU
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • A.E
  • Rest of MEA

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