The South America BOPP Film market stood at nearly 600 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 6.83% during the forecast period until 2032.
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.
Due to their mechanical and optical qualities, BOPP polyester films are widely used for packaging, labelling, and lamination. The increasing use of films across a range of end-user industries, including the food and beverage, pharmaceutical, and packaging sectors, is boosting demand for BOPP films across South America. The enormous demand for BOPP films in the region is also being supported by the expanding use of films for packaging and laminating in the electronic industry. The BOPP Film market is expected to reach 1100 thousand tonnes in the year 2032.
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.
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.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of BOPP Film which covers production, demand and supply of BOPP Film market in the globe.
• To analyse and forecast the market size of BOPP Film
• To classify and forecast South America BOPP Film market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of BOPP Film market in the globe.
To extract data for South America BOPP Film market, primary research surveys were conducted with BOPP Film manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for South America BOPP Film market over the coming years.
ChemAnalyst calculated BOPP Film demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce BOPP Film. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• BOPP Film manufacturers and other stakeholders
• Organizations, forums and alliances related to BOPP Film distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as BOPP Film s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, South America BOPP Film market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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600 thousand tonnes
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Market size Volume by 2032
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1100 thousand tonnes
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Growth Rate
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CAGR of 6.83% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Country, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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Argentina, Brazil, Columbia, and Rest of South America
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com