COVID-19 Impact On The Metalized Biaxially Oriented Polypropylene Films Market

The Metalized Biaxially Oriented Polypropylene Films industry associates in the last few decades compared to the rigid packaging. However, the packaging foils have been used for packaging products that are expected to be free from contamination. Metalized oriented polypropylene or OPP films are one of the barrier packaging films used for packaging various products in industries such as food & beverages, pharmaceuticals, electronics, etc. Metalized oriented polypropylene films are applied in lamination as well as for decoration. Metalized OPP films have a coating of metal on their surface, which is ordinarily aluminum. Other metals can also be used, such as nickel, chromium, etc., to get a shiny metallic appearance. Along with these characteristics, metalized oriented polypropylene films are cost-effective. The metallic look improves the shelf appearance of the packaged product, which increases consumer appeal towards buying the product. The requirement for metalized oriented polypropylene films is expected to propel these films’ increasing packaging application in the food & beverages, electronics, and pharmaceuticals industry.

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Market Drivers, Restraints, and Opportunities 

The rising usage of metalized biaxially oriented polypropylene films in the packaging industry is anticipated to augment the market quickly. Metalized biaxially oriented polypropylene films are preferred substrates for packaging in several sectors such as medical, cosmetics, food & beverages, and personal care. However, metalized biaxially oriented polypropylene films possess several beneficial properties such as inherent moisture barrier, high clarity, sealability, shelf appeal, and graphic reproduction. These characteristics make them perfect materials in the packaging industry. Apart from that, consumption of metalized biaxially oriented polypropylene films is supposed to increase in various end-user industries. This is anticipated to expand the metalized biaxially oriented polypropylene films market. Metalized biaxially oriented polypropylene films have a comparatively low carbon footprint vis-à-vis other plastic film substrates such as polyester. After cellulose film, metalized biaxially oriented polypropylene films are the preferred substrates in flexible food packaging. However, these films require lower energy to convert from one form to another due to their low melting point. High transparency in metalized biaxially oriented polypropylene films presents a high level of esthetic appeal to product packaging.

The high cost of raw materials is forecasted to hamper the global metalized biaxially oriented polypropylene films market. Raw materials such as thermoplastic polypropylene resins, PP polymer, and metal additives are used to prepare metalized biaxially oriented polypropylene films. Costs of these raw materials are considerably high. This increases the overall production cost of metalized biaxially oriented polypropylene films. However, stringent environmental regulatory measures have been imposed on polypropylene films’ usage due to increasing environmental concerns worldwide. This is expected to restrain the market soon.

Global Metalized Biaxially Oriented Polypropylene Films Market Segment Insights

The Metalized Biaxially Oriented Polypropylene Films market has been segmented as application, thickness, orientation, and end-use. Based on Application, the Metalized Biaxially Oriented Polypropylene Films market has been divided as Lamination, Holograms, Pouches, Wraps, and Decoration. Based on Thickness, the Metalized Biaxially Oriented Polypropylene Films market is bifurcated as Below 10 Micron, 10-30 Micron, 30-60 Micron, and Above 60 Micron. Based on Orientation, the global metalized biaxially polypropylene film market is segmented as Bi-Axially Oriented and Mono-Axially Oriented. Based on End-Use, the Metalized Biaxially Oriented Polypropylene Films market is bifurcated into Food & Beverages, Confectionery Products, Fresh Produce, Dairy Products, Bakery Products & Snacks, Other Food Products, Electronics, and Pharmaceutical And Others.

Global Metalized Biaxially Oriented Polypropylene Films Market Region Insights

Global Metalized Biaxially Oriented Polypropylene Films Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific has almost a 54.0% share of the global revenue in the previous year (2019). The availability of the raw material, low-cost labor, lots of industry, high investment in the industry is assumed to drive the market growth of Metalized Biaxially Oriented Polypropylene Films market. Apart from that, huge demand from developing countries like China, India is boosting the market growth. Apart from that, other regions such as North America or Europe are expected to increase the market’s growth in the forecast period of 2021-2031.

COVID-19 Impact On The Metalized Biaxially Oriented Polypropylene Films Market

The outbreak of COVID-19 has driven to increased demand for health care, certain food products and medical, and pharmaceutical products. This is anticipated to expand the market for metalized biaxially oriented polypropylene films in these products’ packaging.

The major key players operating in metalized biaxially oriented polypropylene films market are primarily tier I and tier II manufacturers and suppliers. However, these companies’ manufacture and supply chain facilities are spread across various countries. However, some players have halted their production output in the last few months due to the COVID-19 outbreak. Apart from that, the pandemic has negatively impacted the supply chain of metalized biaxially oriented polypropylene films market. Thus, demand for metalized biaxially oriented polypropylene films is expected to decline in 2020.

Market Share Insights

The key players in the market compete based on product quality offered and technology used to produce metalized biaxially oriented polypropylene (MBOPP) film. Major key players are involved in expanding their manufacturing facilities, investing in research & development facilities, infrastructural development, and seeking opportunities to integrate across the value chain vertically. However, this expansion is intended to cater to the growing demand for metalized film in various application industries. Below mentioned is the list of several companies engaged in the global Metalized Biaxially Oriented Polypropylene Films market.

Some of the major key players in the Metalized Biaxially Oriented Polypropylene Films Market include Cosmo Films, Celplast Metalized Products, Olunro Corporation, Toray Plastics (America), Inc, Impak Films US LLC, Allflex Packaging Ltd, Oben Holding Group S.A.C., Polinas Plastik Sanayi ve Ticaret A.S., Glenroy, Inc., Polibak Plastik Film Sanayi Ve Tic. AS, Plastchim-T, Xpro India Limited, Uflex Limited, Jindal Films Americas LLC, and Bemis Company, Inc. among others.

Ending Note:

The global Metalized Biaxially Oriented Polypropylene Films market research presents detailed information regarding several insights into the industry. Some of them are growth drivers, restraints, regional analysis, competitive landscape, and challenges. The information gathered in the article has been taken from some primary and secondary sources. 

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