BOPP & BOPET Films Market by Type (Bags & Pouches, Labels, Tapes), Thickness (15-30 microns, 30-45 microns, Below 15 microns), Form, Application - Global Forecast 2024-2030

BOPP & BOPET Films Market by Type (Bags & Pouches, Labels, Tapes), Thickness (15-30 microns, 30-45 microns, Below 15 microns), Form, Application - Global Forecast 2024-2030

The BOPP & BOPET Films Market size was estimated at USD 31.33 billion in 2023 and expected to reach USD 33.16 billion in 2024, at a CAGR 6.13% to reach USD 47.53 billion by 2030.

BOPP (biaxially oriented polypropylene) and BOPET (biaxially oriented polyethylene terephthalate) films are two types of plastic films that are widely used in packaging and labeling industries. BOPP films are made from polypropylene, a type of polymer that is known for its versatile properties. These films are characterized by their excellent clarity, high tensile strength, and superior moisture barrier capabilities. BOPET films, on the other hand, are made from polyethylene terephthalate and are recognized for their high durability, tensile strength, and excellent resistance to temperature variations. In the growing landscape of flexible packaging, the BOPP and BOPET films market is experiencing significant growth, driven by a surge in demand across the food, cosmetics, and pharmaceutical industries. Additionally, the global shift towards sustainable practices has highlighted the recyclability of BOPP and BOPET films, aligning with environmental and consumer expectations. However, environmental impacts associated with the disposal of these films pose significant challenges. Despite these challenges, the rising focus on developing biodegradable BOPP and BOPET films, along with the expansion in emerging regions, presents future opportunities for market players.

Regional Insights

In the Americas, the market is witnessing a moderate growth trajectory, primarily fueled by an increase in demand from the packaging sector, where BOPP and BOPET films are extensively used owing to their excellent barrier properties, high tensile strength, and clarity. The widespread presence of the food and beverage industry, which is a substantial consumer of these films for packaging purposes, propels market growth. In Europe, stringent environmental regulations and a strong focus on recycling and sustainable materials are pushing the BOPP and BOPET films market towards innovation, particularly in developing products that are easier to recycle or are biodegradable. The Middle East, with its significant petrochemical industry, shows potential for growth in the BOPP and BOPET films market due to local production capabilities. Africa, on the other hand, is an emerging market with growth potential, especially in North African countries, driven by rising consumer spending and growth in the retail sector. Asia-Pacific is experiencing robust growth in the BOPP and BOPET films market, propelled by booming packaging industries, rapid urbanization, and increasing disposable incomes. The region benefits from strong manufacturing capabilities and cost advantages, making it a global hub for BOPP and BOPET film production

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the BOPP & BOPET Films Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rising demand from the electronics and pharmaceutical industry
• Growing consumer preference for convenient and lightweight packaging
• Increasing use in food & beverage packaging

Market Restraints

• Fluctuations in raw material prices

Market Opportunities

• Increasing proliferation towards PVdC-free high barrier BOPP films
• Emerging R&D initiatives for biodegradable or bio-based films and innovations in packaging design

Market Challenges

• Poor printing quality and generation of static energy

Market Segmentation Analysis

• Type: Growing adoption of BOPP and BOPET bags and pouches in the food and beverage sector for their barrier and aesthetic qualities
• Application: Rising demand for BOPP and BOPET films as electrical insulation for their dielectric properties and insulation capabilities

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the BOPP & BOPET Films Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the BOPP & BOPET Films Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

A.J. Plast Vietnam Introduces Advanced BOPP and BOPET Production Facility

A.J. Plast (Vietnam) Co. Ltd, an affiliate of A.J. Plast PLC, South East Asia's BO film producer and part of SCGC under SCG Chemicals, has inaugurated a state-of-the-art biaxially oriented plastic film production plant in Binh Duong province. This facility, spanning 70,000 square meters, marks a strategic step towards self-sufficiency in biaxially oriented polypropylene (BOPP) and polyethylene terephthalate (BOPET) film production, addressing the country's current dependency on imported BOPET films. The initial BOPP line aims to deliver 30,000 tons annually, with plans for a second line to produce BOPET, anticipating a 36,000-ton-per-year capacity.

Oben Group Expands Global Reach with Acquisition of Terphane from Tredegar Corporation

Oben Group has announced the acquisition of Terphane, renowned for its innovative and high-quality Polyester films, which exports to over 30 countries, aligning with Oben's diverse portfolio which spans BOPP, BOPET, and additional flexible film products. Oben aims to leverage this acquisition to improve customer service, and operational efficiency, and accelerate growth in BOPET and BOPP film segments internationally.

Terphane Flexible Packaging Joins Forces with Oben Group

Tredegar Corporation has announced the divestiture of its flexible packaging films business, Terphane, to affiliates of the Oben Group for a consideration of USD 116 million, exclusive of debt. Terphane, representing Tredegar's entire flexible packaging operation, encompasses roughly 500 employees across manufacturing facilities in Cabo de Santo Agostinho, Brazil, and Bloomfield, New York, U.S., with its headquarters situated in São Paulo, Brazil. This acquisition is poised to amplify Oben Group's footprint in the fiercely competitive global flexible films industry, accentuating its capabilities in the production of BOPET (biaxially oriented polyethylene terephthalate) films and potentially expanding its repertoire to include other films such as BOPP.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the BOPP & BOPET Films Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the BOPP & BOPET Films Market, highlighting leading vendors and their innovative profiles. These include Borealis AG, Brückner Maschinenbau GmbH, CCL Industries Inc., Chiripal Poly Film, Cosmo Films, Flex Films, Futamura Group, Inteplast Group, Jindal Poly Films Limited, Jindal Poly Films Ltd., NAN YA PLASTICS CORPORATION, ObenGroup, Polinas Plastics of America, Inc., POLYPLEX CORPORATION LIMITED, Retal Industries LTD., Schlichter GmbH, Sibur LLC, SRF Group, TAGHLEEF INDUSTRIES GROUP, Toray Industries, Inc., UFlex Limited, Ultralen Film GmbH, Vacmet India Limited, Venoflex B.V., and Zhejiang Kinlead Innovative Materials Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the BOPP & BOPET Films Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Bags & Pouches
• Labels
• Tapes
• Wraps
• Thickness
• 15-30 microns
• 30-45 microns
• Below 15 microns
• More than 45 microns
• Form
• Coated Films
• Metalized Films
• Transparent Films
• Application
• Agriculture
• Electrical Insulation
• Packaging
• Printing & Lamination

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year