Metallized BOPP Film Market: Overview
Metallized BOPP film are manufactured with superior thermal insulation properties over equivalents such as wax paper and cellophane, Metallized biaxially oriented polypropylene (BOPP) films have been increasingly utilized at a commendable pace over the recent past. Metallized BOPP films products are to be segmented into electronics, food processing, insulation, cosmetics, laminating, and printing depending on their applications.
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Metallized BOPP Film Market: Dynamics
Metallized BOPP Film Market to gain traction in Electronics Industries
Due to metallized BOPP film market growing demand in electronics, food packaging and insulation applications, the global metalized biaxially focused polypropylene market is expected to rise over the forecast period. Metalized BOPP Films are designed for electronic applications mainly for the production of condensers as dielectric and also for the production of anti-static bags. Capacitors are commonly used in all electronic circuits, and the increasing reliance on automation and mechanization has led to rising industrial applications. Metallized BOPP films are extended in two directions, offering properties such as improved tensile strength and rigidity, creating enormous potential in all packaging applications. Also, metallized BOPP films have properties such as improved water resistance and gas barrier are generating rising demand for metallized BOPP films market.
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Gift Wrapping Industries to boost due to Metallized BOPP Film Market
As, metallized BOPP film is used for decorative packaging or gift wrapping that leads to increased demand during seasons and holidays, particularly when metallized BOPP film gives a sparkle to packages that paper and which others materials cannot. Manufacturing metallized BOPP films to produce containers filled with water-resistant and gas-resistant products for preservation and safety, the personal care industries have shown increased demand during the forecast period.
Petroleum Prices to hamper the growth of Metallized BOPP Films market
Metallized BOPP films prices are related to petroleum and are therefore expected to increase in the years ahead. Petroleum Prices could pose a potential barrier to the development of the global market for metallized BOPP films. Facing supply-demand imbalances within the industry, however, metallized BOPP films remains constantly high in demand. In India, there is still substantial production of metallized paper and expected growth is in the internal liner markets for labels and cigarette cartons.
Metallized BOPP Film Market: Segmentation
The global Metallized BOPP Film market is segmented as follows –
By Application, the global Metallized BOPP Film market is segmented into –
- Packaging
- Decoration
- Lamination
- Labelling
- Insulation
By End-Use Industry, the global Metallized BOPP Film market is segmented into –
- Food Services
- Pharmaceuticals
- Chemical & Fertilizers
- Logistics & Transportation
- Household
- Others
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Metallized BOPP Film Market: Regional Outlook
Metallized BOPET (biaxially focused polyethylene terephthalate) films have been banned in India by recent government ruling on the use of laminate cigarette packaging, resulting in a significant increase in demand for metallized BOPP films as a replacement for BOPET. European duties on Indian exports have also been lifted, rendering the metalized BOPP goods more competitive outside the country.
The U.S. is home to a portion of the world’s largest sustenance planning and nutrition management organizations that are looking for bundling agreements that can improve the usability time period of their products. This element is relied on to push the North American locale metallized BOPP film market.
Metallized BOPP Film Market: Key Players
- Jindal Poly Films
- VacMet
- Uflex
- Formosa Plastics Group
- Treofan Group
- DK Enterprises
- Mondi Group
- Viam Films
- Vitophel
- General Binding
COVID-19 impact on Metallized BOPP Film Market
The pandemic Covid-19 or coronavirus has had a major impact on the Metallized BOPP Film packaging industry. Self-isolation policies have resulted in shortages in supplies and cancelations in activities and supply chains are looking to shift supply chains away from China following delays of demand and distribution. The Australian supermarkets are having a major impact of close down of several industries in China as they are the primary suppliers of Metallized BOPP films packaging to the FMCG products that are supplied across the Australian continent.
the GDP growth of the countries like India slowed down to a seven-year low of 4.7% as compared to last year Growth rate. As, the coronavirus has impacted the employment rates and have strangled the consumer buying perception on hold for liquor industry as it is the least important commodity in times of lockdown. As, Liquor industry is the primary driver for Metallized BOPP Film market they have severe impact on the market as well.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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