Bi-Axially Oriented Polypropylene Market Will Be Worth of Us$20.9 Billion in 2024, Expanding at a Cagr of 6.3% by 2024

Transparency Market

Research

Bi-axially Oriented Polypropylene (BOPP) Market Global Industry Analysis, Size, Share, Growth, Trends

and Forecast 2013 - 2024

Published Date

04-Aug-2016

233 Page Report

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Escalating Degree of Competition between Global and Local

Players to Result in Lower Cost of BOPP Films, says TMR

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Bi-axially Oriented Polypropylene

(BOPP) Market

REPORT DESCRIPTION

Bi-axially Oriented Polypropylene (BOPP) Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2013 - 2024

The global bi-axially oriented polypropylene market is undeniably fragmented; so much so, that the top seven

players accounted for less than 20% of the overall market in 2015. The low shares of these manufacturers,

namely, Jindal Poly Films, Taghleef Indsutries, Oben Group, Vibac Group, Cosmos Films, and Vitopel, have

resulted in intense competition. Transparency Market Research predicts that the rivalry among the players is

likely to be intensified by the entry of several local players.

“The degree of competition will rise from medium to high during the forecast period as an increasing number of

local manufacturers lower the cost of the final product by raising the production,” the author of the study states.

The offerings of economical BOPP films by local or new players will enable them to compete with existing

companies.

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The expansion of production capacities and geographical expansions form a key part of the growth strategy of

several companies. A case in point would be Jindal Poly Films Ltd. In November 2015, the company

announced its global expansion plan, which includes an investment of over US$15 mn and the addition of

three new...