The biaxially oriented polypropylene (BOPP) film market size is expected to see strong growth in the next few years. It will grow to $38.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to several factors, including increasing competitive pricing dynamics, rising disposable income levels, and the expansion of the cosmetics and personal care industries. Key trends expected in the forecast period encompass advancements in BOPP film technology, integration of smart packaging features, increasing demand for specialty BOPP films, and a shift towards matte and metallic finishes in BOPP film applications.
The expansion of e-commerce activities is poised to drive the growth of the BOPP film market in the foreseeable future. E-commerce, which involves online transactions and purchases of goods and services, is flourishing due to its convenience, wide product selection, and accessibility. Consumers can shop anytime, anywhere, with a vast array of products available at their fingertips through online platforms. BOPP films are well-suited for e-commerce packaging needs, offering a combination of strength, versatility, and visual appeal that enhances product protection and improves the overall customer experience. For example, according to the United States Census Bureau in February 2024, total e-commerce sales were estimated at $1.11 trillion in 2023, representing a 7.6% increase from 2022, and e-commerce total sales saw a 15.4% increase in 2023 compared to 2022. As a result, the rise in e-commerce activities is fueling the growth of the BOPP film market.
Leading companies in the BOPP film market are focusing on developing barrier-metalized films to address the growing demand for packaging solutions with enhanced barrier properties. These films provide extended shelf life and protection against moisture, oxygen, and other external factors. Barrier metallization involves applying a thin layer of metal, such as aluminum, to a substrate to create a protective barrier. For instance, in December 2021, Cosmo Films, an India-based producer of bi-axially oriented polypropylene films, introduced an enhanced barrier-metalized BOPP film. This film is designed for packaging applications that require exceptional moisture resistance, excellent oxygen barrier properties, and strong adhesion to the metal layer. It is suitable for adhesive lamination with a thickness range of 15 to 18 micrometers and serves as a central layer in multilayer laminate constructions.
In February 2022, TOPPAN Holdings Inc., a Japan-based printing company, completed the acquisition of Max Specialty Films Limited, an India-based manufacturer of biaxially-oriented polypropylene (BOPP) films. This strategic acquisition aims to strengthen TOPPAN Holdings Inc.'s presence in the packaging industry, expand its market reach in key sectors, and solidify its position as a leader in the packaging and materials segment.
Major companies operating in the biaxially oriented polypropylene (BOPP) film market are Mitsui Chemicals Inc., Toray Plastics Inc., Mondi plc, Inteplast Group, SRF Limited, Uflex Ltd., Winpak Ltd., Taghleef Industries, Jindal Poly Films Limited, Kangde Xin Composite Material Group Co, Cosmo Films Ltd., Vibac Group, Treofan Group, LC Packaging International BV, Chiripal Poly Films Ltd., Transcendia Inc., VE TIC A S Polinas Plastik, Terphane Inc., Flex Films Inc., Shantou Weifeng Plastic Industry Co. Ltd., Plastchim-T, Rowad National Plastic Co. Ltd., Oben Holding Group, Innovia Films, Vacmet Ltd.
North America was the largest region in the biaxially oriented polypropylene (BOPP) film market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biaxially oriented polypropylene (BOPP) film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the biaxially oriented polypropylene (BOPP) film market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
BOPP (biaxially oriented polypropylene) film is a type of polypropylene film that undergoes stretching in both the machine (longitudinal) and transverse (lateral) directions during its manufacturing process. This biaxial orientation enhances the film's strength, clarity, and dimensional stability while retaining its flexibility.
The primary types of biaxially oriented polypropylene film production methods are the tenter method and the bubble method. The tenter method involves stretching the polymer in both directions using a tenter frame, resulting in a flat and uniform film. This segment includes various material types such as silica-based, aluminum-based, polymer-based (such as ethyl vinyl alcohol (EVOH)), and others. These films find applications in wraps, bags, labels, and are utilized across different end-user industries including fast-moving consumer goods, medical and pharmaceutical, and industrial sectors.
The BOPP film market research report is one of a series of new reports that provides BOPP film market statistics, including BOPP film industry global market size, regional shares, competitors with a BOPP film market share, detailed BOPP film market segments, market trends, and opportunities, and any further data you may need to thrive in the BOPP film industry. This BOPP film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The BOPP film market consists of sales of pressure-sensitive labels, cigarette packaging, textile packaging, lamination film, and labels and stickers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Biaxially Oriented Polypropylene (BOPP) Film Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on biaxially oriented polypropylene (BOPP) film market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for biaxially oriented polypropylene (BOPP) film? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The biaxially oriented polypropylene (BOPP) film market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Tenter Method; Bubble Method2) By Material Type: Silica-Based; Aluminum-Based; Polymer-Based (Ethyl Vinyl Alcohol (EVOH); Other Material Types
3) By Application: Wraps; Bags; Labels; Other Applications
4) By End-User Industry: Fast Moving Consumer Goods; Medical And Pharmaceutical; Industrial
Key Companies Mentioned: Mitsui Chemicals Inc.; Toray Plastics Inc.; Mondi plc; Inteplast Group; SRF Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mitsui Chemicals Inc.
- Toray Plastics Inc.
- Mondi plc
- Inteplast Group
- SRF Limited
- Uflex Ltd.
- Winpak Ltd.
- Taghleef Industries
- Jindal Poly Films Limited
- Kangde Xin Composite Material Group Co
- Cosmo Films Ltd.
- Vibac Group
- Treofan Group
- LC Packaging International BV
- Chiripal Poly Films Ltd.
- Transcendia Inc.
- VE TIC A S Polinas Plastik
- Terphane Inc.
- Flex Films Inc.
- Shantou Weifeng Plastic Industry Co. Ltd.
- Plastchim-T
- Rowad National Plastic Co. Ltd.
- Oben Holding Group
- Innovia Films
- Vacmet Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 29.56 Billion |
Forecasted Market Value ( USD | $ 38.07 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |