The BOPP Films Market is expected to increase at a CAGR of 5.9% from 2024 to 2031 from USD 28.7 billion in 2023 to USD 45.5 billion in 2031. The packaging industry uses biaxially oriented polypropylene films, which could eventually replace metal cans and cartons. The demand for Biaxially oriented polypropylene films is steadily expanding as consumers seek more convenient solutions and options that are easier to transport. Pressure-sensitive types, stationery, labels, metalizing, consumer products, and other applications all use biaxially oriented polypropylene films. As the food and beverage industry increases around the world, it is recognised as the primary end-user market for Biaxially oriented polypropylene films.
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Drivers:
Increasing demand for flexible and convenient packaging
Growing personal care & cosmetics industry
Restraint:
Expected to hinder the overall growth in the countries.
Opportunities:
The fluctuating costs and availability of polypropylene are expected to hinder the market growth during the review period.
The market players are focused on various strategic initiatives.
Challenges:
Diminishing growth of important end-user industries.
Not biodegradable.
COVID-19 has produced a big demand for packaged meals and beverages, as a large portion of the populace prefers them. Furthermore, throughout the epidemic, the demand for contamination resistance has skyrocketed. The awareness of properly storing food as well as medical gadgets and supplies has improved. During the pandemic, such circumstances boosted the market value of biaxially oriented polypropylene sheets.
Furthermore, the prospective benefits of Biaxially oriented polypropylene films, such as biodegradability and non-toxic properties, are driving key end-use sectors to adopt them for critical applications.
By Material Type
Silica-based
Aluminum-based
Polymer-based
Others
By Production process
Tenter
Tubular
By Thickness
Below 14 microns
14-30 microns
30-45 microns
More than 45 microns
By Type
Wraps
Bags and Pouches
Tapes
Labels
Others
By End-User Industry
Fast Moving Consumer Goods (FMCG)
Medical & Pharmaceutical
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Due to increased expansion in end-user sectors such as food and drinks, medical, and personal care, the Asia-Pacific region is predicted to have a higher market growth rate in the Biaxially oriented Polypropylene films industry. Packaging and manufacturing industries are also growing in the Asia-Pacific area, which is a major growth driver for biaxially oriented polypropylene films. Furthermore, the Asia-Pacific area is experiencing increased demand in the retail and e-commerce sectors, where Biaxially Oriented Polypropylene films are widely used.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Cosmo Films Ltd., TAGHLEEF INDUSTRIES GROUP, POLİBAK PLASTİK, UFlex Limited Inc., SRF Limited, NAN YA PLASTICS CORPORATION, Vacmet India Ltd, Tatrafan, s.r.o, ObenGroup, FlexFilms, SIBUR, Toray Plastics, Political SA, Jindal Poly Films Limited, Inteplast Group, and other players.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 28.7 Billion |
Market Size by 2031 | US$ 45.5 Billion |
CAGR | CAGR of 5.9% From 2024 to 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Material Type(Silica-based, Aluminum-based, Polymer-based, Others) • By Production process (Tenter, Tubular) • By thickness (Below 14 microns, 14-30 microns, 30-45 microns, More than 45 microns) • By Type (Wraps, Bags and Pouches, Tapes, Labels, Others) • By End-User Industry (Fast Moving Consumer Goods (FMCG), Medical & Pharmaceutica) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Cosmo Films Ltd., TAGHLEEF INDUSTRIES GROUP, POLİBAK PLASTİK, UFlex Limited Inc., SRF Limited, NAN YA PLASTICS CORPORATION, Vacmet India Ltd, Tatrafan, s.r.o, ObenGroup, FlexFilms, SIBUR, Toray Plastics, Political SA, Jindal Poly Films Limited, Inteplast Group, and other players. |
DRIVERS | • Increasing demand for flexible and convenient packaging • Growing personal care & cosmetics industry |
RESTRAINTS | • Expected to hinder the overall growth in the countries. |
Ans: Manufacturers, Consultants, aftermarket players, associations, research institutes, private and universities libraries, suppliers, and distributors of the product.
Ans: The COVID 19 has produced a big demand for packaged meals and beverages, as a large portion of the populace prefers them. Furthermore, throughout the epidemic, the demand for contamination resistance has skyrocketed. The awareness of properly storing food as well as medical gadgets and supplies has improved. During the pandemic, such circumstances boosted the market value of biaxially oriented polypropylene sheets.
Ans: The fluctuating costs and availability of polypropylene are expected to hinder the market growth during the review period and the market players are focused on various strategic initiatives are the Opportunity for Global BOPP Films Market.
Ans: The demand for Biaxially oriented polypropylene films is steadily expanding as consumers seek more convenient solutions and options that are easier to transport
Ans: The global BOPP films market is USD 28.7 billion in 2023 to USD 45.5 billion in 2031
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global BOPP Films Market segment, By Material Type
8.1 Silica-based
8.2 Aluminum-based
8.3 Polymer-based
8.4 Others
9. Global BOPP Films Market segment, By Production process
9.1 Tenter
9.2 Tubular
10. Global BOPP Films Market segment,By Type
10.1 Wraps
10.2 Bags and Pouches
10.3 Tapes
10.4 Labels
10.5 Others
11. Global BOPP Films Market segment, By End-User Industry
11.1 Fast Moving Consumer Goods (FMCG)
11.2Medical & Pharmaceutical
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Cosmo Films Ltd.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Jindal Poly Films Limited
13.3 TAGHLEEF INDUSTRIES GROUP
13.4 Inteplast Group
13.5 POLİBAK PLASTİK
13.6 SIBUR
13.7 Political SA
13.8 UFlex Limited
13.9 Toray Plastics, Inc.
13.10 SRF Limited
13.11 NAN YA PLASTICS CORPORATION
13.12 Vacmet India Ltd
13.13 Tatrafan, s.r.o
13.13 ObenGroup
13.14 FlexFilms
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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