According to ChemAnalyst report, “South America BOPP Film Market Analysis: Industry Market Size, Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Demand by Country, Company Share, Foreign Trade, 2015-2032”, The South America BOPP Film market has expanded remarkably in the historic period of 2015-2022 and is expected to grow at a CAGR of 6.83% reach 1100 thousand tonnes during the forecast period and by 2032. Surging demand from Food Packaging, Tobacco Packaging, Non-Food Packaging, and Industrial end-use industries, is expected to hike the demand for the BOPP Film market in the forecast period.
BOPP (Biaxially Oriented Polypropylene) film is generated by generally stretched in both machine direction and transverse direction. Due to its fair price, and resilience to stress, this film substrate makes it perfect for applications including packaging, graphics, and labelling. The film is frequently employed in the food and beverage packaging industry due to its properties like optical clarity, moisture resistance, and high tensile strength. When compared to other plastic films like polyester and LDPE, BOPP films have a significantly smaller carbon footprint. In fact, BOPP film, which is more environmentally friendly than cellulose film, is the recommended substrate. Consumers in the region are growing increasingly concerned with the environment and how product packaging affects landfills, which is causing the industry to grow. Numerous industries, including packaging, labelling, and lamination, use BOPP films. Packaging is the most lucrative business for BOPP films due to the fact that it is used to package food products. BOPP films are used in food packaging because of their attributes, such as moisture resistance, seal ability, high clarity, and graphic reduction, which play a part in extending the shelf life of food products.
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Films made of BOPP polyester are frequently used for packaging, labelling, and laminating because to their mechanical and optical properties. The demand for BOPP films is rising in South America as a result of the expanding use of films across a variety of end-user industries, including the food and beverage, pharmaceutical, and packaging sectors. The region’s increasing demand for BOPP films is also being backed up by the electronic industry’s growing use of packaging and laminating films. Due to advancements made by BOPP films, including their superior high-speed printing capability, resistance to dangerous chemicals and pollution, good puncture resistance, and flex resistance across a wide temperature range, the demand of BOPP is anticipated to move towards higher levels.
The South America BOPP Film market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the South America BOPP Film market is segmented into Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others. Although, Food Packaging is consuming the majority of BOPP Film and held a market share of approximately 65% in the year 2022. BOPP films protect the food from contamination by the rapid growth of bacteria, thus having a huge market as a packaging material.
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“South America BOPP Film Market Analysis: Industry Market Size, Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Demand by Country, Company Share, Foreign Trade, 2015-2032” Major players in the South America BOPP Film are Taghleef Latin America S.A., Bopp del Ecuador S.A (Ecuador), Polo Films, Opp Film Peru, Oben Group (PackFilm Colombia Termopack Colombia), Oppfilm Argentina S.A., OPP Film Chile, Opp Film El Salvador (El Salvador), Polo Indústria e Comércio, Vitopel do Brasil Ltda., Vitopel Argentina S.A., and Others.
“Good strength, fatigue resistance, moisture resistance, low toxicity, flexible finishing options, and transparency are a outstanding characteristics of BOPP films. As BOPP Film is used for packaging in a number of downstream industries, including food, tobacco, non-food, and industrial, the demand for these films is anticipated to increase over the anticipated period. It is crucial to monitor which region will take the largest market share in the next years as flexible packaging becomes increasingly common in the food and pharmaceutical industries. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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