Global BOPP Film for Packaging Market Size, Trends & Growth Opportunity By Type (Labels, Tapes, Bags and Pouches), By Application (Industrial, Electrical & Electronics, Tobacco Packaging), By Region and Forecast till 2027.
Global BOPP Films for Packaging Market
The global BOPP films for packaging market was valued at USD 18.12 billion in 2021 which is expected to reach at USD 24.10 billion by 2027, at a CAGR 4.9% from 2022-2027.
BOPP films are biaxially oriented polypropylenes, which are polypropylene-based films or sheets starched across two axes in a segmented fashion. These films are largely used in the food and beverage industries for packaging frozen food, pet food, and meat and cheese, among other things. BOPP films are also utilised in adhesive tapes, gift packaging, cigarette packaging, cosmetic packaging, and other applications.
Market Drivers
Increases in per capita income around the world, as well as increased knowledge about quality food and packaged food, are likely to drive the global BOPP film for packaging market's growth. Furthermore, increased demand for BOPP film packaging will drive market expansion throughout the forecast period. The increased use of ready-to-eat meals will positively affect market growth. Furthermore, changes in lifestyle will contribute positively to market growth over the predicted period.
Market Restraints
However, volatility in raw material prices is the key impediment to the worldwide BOPP film market's growth.
Market Segmentation
The global BOPP films market for packaging is segmented into types such as Labels, Tapes, Bags and Pouches, and Printing & Lamination. Further, market is segmented into application such as Industrial, Electrical & Electronics, Tobacco Packaging, pharmaceuticals, personal care and cosmetics, and food and beverages.
Regional analysis Also, the global BOPP films for packaging market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Market Key Players
Various key players are discussed in this report: Kinlead Packaging, FSPG, FuRong, Gettel Group, Impex Global, FlexFilm, Treofan, SIBUR, Vibac, Jindal Films Americas, and INNOVIA.
Market Taxonomy
By Type
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