The global BOPP films market was valued at USD 23.55 billion in 2023. The market is projected to grow from USD 24.76 billion in 2024 to USD 38.40 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period.
Biaxially oriented polypropylene (BOPP) films are meticulously crafted by stretching polypropylene film in both transverse and machine directions. Based on the analysis, the market is poised for growth as BOPP films are environmentally friendly, save transportation costs, and conserve energy.
During the COVID-19 pandemic, the market slumped with disruption in printing & stationery, tobacco, food, and other end-use industries. However, the market is projected to gain impetus by augmenting packaged food and tobacco.
Fortune Business Insights has deep-dived into these inputs in its latest research report titled "BOPP Films Market, 2024–2032".
List of Major Players Profiled in the BOPP Films Report:
Taghleef Industries (UAE)
SRF Limited (India)
TORAY INDUSTRIES, INC. (U.S.)
ObenGroup (Peru)
UFlex Limited (India)
NAN YA PLASTICS CORPORATION (Taiwan)
Polyplex (India)
Jindal Poly Films Limited (India)
CCL Industries (Canada)
FUTAMURA CHEMICAL CO., LTD. (Japan)
Cosmo Films (India)
Amcor plc (Switzerland)
Ampacet Corporation (U.S.)
Altopro Inc. (Mexico)
Vibac Group S.p.a. (Italy)
BOPP Films Market Segments:
Plain Films to Remain Dominant with Their Amplified Demand in Food Sector
By type, the market is profiled into plain, matt, metalized, pearlized, and others. The plain segment captured a market share of 57.26% in 2023. BOPP plain films witness amplified demand on account of their non-toxicity and safety during food packaging.
Wraps Segment Secures Leadership with its Excellent Transparency
By product type, the market is classified into wraps, tapes & labels. Wrap segments command market leadership as wrap’s transparency allows for a visually pleasing experience alongside reducing product wastage and increased shelf-life.
Food Segment Gains Prominence by Catering to Different Food Options in Various Sizes
By end use, the market is categorized into food [bakery & confectionary, dairy, meat, poultry & seafood, fruits & vegetables, others], tobacco, medical & pharmaceutical packaging, printing & stationery, beverage, and others. The food segment dominates the market as BOPP films are available in side-sized bags, vacuum pouches, and stand-up pouches in multiple sizes to protect food and maintain its quality throughout its delivery.
From the regional ground, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market’s growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.
Drivers and Restraints
Augmenting Cigarette Consumption among Younger Audience Foster’s Market Growth
BOPP films offer shiny surfaces, high heat shrinkage, and superior moisture barrier properties for cigarette packaging, all of which enhance product aesthetics. The tobacco sector’s shifting needs with consumption from younger demographics are fulfilled with the superior heat-sealing performance of BOPP films at low temperatures and compatibility with printing and adhesion, driving market growth.
However, deformed structures owing to lower resistance to high temperatures may create a blockade for the BOPP films market growth.
Source- https://www.fortunebusinessinsights.com/bopp-films-market-109631
Regional BOPP Films Market Insights
Asia Pacific Set to Stay at the Top with Robust Growth in Printing & Stationery
Asia Pacific is anticipated to sustain its leadership position against the backdrop of population and economic growth in India, China, and Japan. The rising footfall of the printing & stationery sector will cement the region’s position in the global market.
North America holds notable BOPP films market share and its growth is envisaged to be material on the heels of the rising pharmaceutical and medical industry.
Competitive Landscape
Prominent Industry Players Prioritize Novel Solutions to Gain Ground
Major companies invest substantial capital to make packaging film advancements to serve customers. The market includes important players, such as NAN YA PLASTICS CORPORATION, UFlex Limited, and SRF Limited, among others. Organizations are designing new courses of action for regional market expansion and increased clientele with the help of innovation.
BOPP Films Industry Development
October 2022: Innovia Films introduced Rayoface™ CSA46, a single-side coated BOPP film, best suitable for homecare, food & beverage, and personal care applications. The new 46-micron film is approximately 10% thinner in comparison to other face stock films, offering a higher yield and an improved carbon footprint.