The metalized biaxially oriented polypropylene films market size is expected to reach over US$ 8.8 billion by 2028. The growing packaging industry across the globe along with increased guidelines for the use of polypropylene films are the key factors for the global metalized biaxially oriented polypropylene films market growth. Alchemy Research and Analytics LLP provided this information in a recently published report, titled, “Metalized Biaxially Oriented Polypropylene Films Market Size, Share & COVID-19 Impact Analysis, By Application (Packaging, Electronics & Insulations, Laminations, Graphics, Labels & Tags, and Others) and By Region(North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), and Regional forecast,2020-2028.” The report further mentions that the market size stood at US$ 5.50 billion in 2019, and it is likely to exhibit a CAGR of 6.3% during the forecast period between 2020 to 2028.

The Increased Packaging Industry

The metalized biaxially oriented polypropylene films market is majorly driven by the rising packaging industry globally along with growing demand government guidelines for the safe usage of packaging materials. Furthermore, the growing demand for packaging in the food & beverage industries and healthcare products are presumed to enhance the global metalized biaxially oriented polypropylene films market growth during the forecast period.

Increasing Consumer Electronics Penetration

The growing penetration of consumer electronics is estimated to enhance the global metalized biaxially oriented polypropylene films market demand due to the increasing use of metalized biaxially oriented polypropylene films in electronic insulation and packaging solutions. In addition, an increased trend for giving labels and tags inside the product packages is further projected to drive the global market growth over the upcoming years. However, raw material cost volatility is estimated to hinder the market growth over the years to come.

Key Manufacturers Aim to Enhance Their Portfolios by Partnerships

According to Alchemy Research and Analytics major market players in the metalized biaxially oriented polypropylene films market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. Market players are engaging in joint ventures and partnerships with local companies to enter new geographies and gain better revenue.

Alchemy Market Research lists out the names of key market players in the Metalized Biaxially Oriented Polypropylene Films market. They are as follows:

  • Flex Films USA
  • Plastic Polinas
  • Dunmore Corporation
  • VIBAC S.p.A.
  • Chiripal Poly Film Limited
  • Jindal Poly Films Limited
  • Cosmo Films
  • Toray Plastics (America), Inc.
  • Celplast Metallized Products
  • SIBUR

A Significant Industry Development-

  • In March 2018: Jindal Poly Films Limited announced the expansion of its Brindisi, Italy site with the increase of Metallizing & Extrusion capabilities. The expansion is estimated to complete the demand for numerous end-use industries and will increase the market share of Jindal Poly Films Limited in the market.

Further Report Findings-

  • Asia Pacific had a major share in the global metalized biaxially oriented polypropylene films market in 2019 and accounted for over 50% of the global market share in the same year. This is mainly due to the growing demand for consumer electronics along with rising packaging industry in the region.
  • Europe is anticipated to account for a significant share in the global metalized biaxially oriented polypropylene films market due to growing demand for metalized biaxially oriented polypropylene films in end-use industries such as packaging, electronics, healthcare, and others.
  • By application, the electronics & insulations category is anticipated to grow at the fastest rate in the global metalized biaxially oriented polypropylene films market due to growing demand for consumer electronics products worldwide.