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BOPP Laminating Films Market by Application Type ( Printing & Lamination, Adhesive Tape, Photo Album, Garment Bag, Decoration, Others): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

The global BOPP Laminating Films Market is likely to attain a market value of USD 6.80 billion in 2027 from USD 4.24 billion in 2020. The CAGR for this market is likely to reach over 8.2% during the forecast period. 

The BOPP Laminating Films have a consistent thickness that offers durability, resistance to tearing and stretching, adjusting compatibility with a huge range of paper and board types, the presence of gloss and matte lamination films, capability to act as a barrier to water vapor. Furthermore, its eco-friendly nature, lightweight, and ability to resist ultraviolet rays are all factors why the global market is anticipated to develop in the future forecasted timeframe. However, dynamic raw material costs and challenges concerning investment and manufacturing of BOPP and laminating films are predicted to restrain the growth during the forecast period. Therefore, credence Research is offering holistic information and absolute accuracy in the report titled “Global BOPP Laminating Films Market.”

Key Market Drivers and Restraints

Factors that greatly impact the market growth of industrial electric vehicles will be covered here. Also, covers factors that may challenge or act as an opportunity for the market will be discussed to identify revenue generation.

Various Factors Driving the Market Growth

Some of the factors like its lightweight, eco-friendly nature, ability to resist ultraviolet rays, ability to cater to many industries, clarity and thickness of the product, its gloss and high transparency that give the finished product an excellent look and fine finish, and its commendable dimensional stability and flatness, contribute largely to the spike in demand for the BOPP laminating film market in the forecasted period.

Also, owing to rapid urbanization, people have transitioned into a modern lifestyle, which led to the surge in BOPP film usage as a significant product for several household purposes, which may include packaging and is expected to benefit the market growth of the BOPP market.

North America to lead the global market in geographic regions

On the geographic front, the global market comprises six areas with all key economies pertaining to it. Credence Research provides in-depth insight into prominent regions of the global market. North America topped the market by acquiring a 30.9% share in 2020.

Printing & Lamination will dominate the global market in 2020 in terms of Applications.

The various market applications include adhesive Tape, Photo Album, Printing & Lamination, Garment Bag, Decoration, and Others. BOPP packaging films stay stable and strong through laminating and printing processes, increasing their demand for high-quality graphic packaging. Furthermore, due to their efficient sealing and heat resistance properties, BOPP laminating films have high priority in manufacturing tapes and labels, while adhesive tapes were utilized for electrical insulation.

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Published Date:  May 2021
Category:  Chemicals
Report ID:   60376
Report Format:   PDF
Pages:   120
Rating:    4.1 (66)
Delivery Time: 24 Hours to 48 Hours   
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