The global (biaxially oriented polypropylene) BOPP market share for food held the largest chunk, occupying more than half of the overall industry in 2015. The product finds widespread applications across food packaging die to its low cost, superior barrier and high durability characteristics. These properties help in effectively preserving the food freshness and aroma along with providing protection against moisture. Increasing working population across the globe, has substantially increased the package food demand, which has consequently driven the product demand.
The global biaxially oriented polypropylene market size for tapes was valued at over USD 1.5 billion in 2015. BOPP packing tapes are being extensively used in the industrial applications including inventory and shipping owing to its superior optical and mechanical traits, which provides easy labeling and helps in differentiating the packed product. These tapes are thermoplastic polymer are therefore can be used across wide temperature range and are thus suitable for industrial applications. Tobacco is analyzed to witness moderate growth close to 4.5% over the estimated timeframe. The product based films are preferred in tobacco packaging as they offer high speed overwrapping and differential slip properties, this results in driving the global biaxially oriented polypropylene (BOPP) market size by 2024.