Biaxially Oriented Polypropylene (BOPP) Films Market Forecasts to 2030 – Global Analysis By Product (Plain Films, Multi-layer Films, Food Packaging Grade, Standard, Synthetic Paper, Heat Sealable, Anti-static Film, Anti-fogs Film and Other Products), Type

Biaxially Oriented Polypropylene (BOPP) Films Market Forecasts to 2030 – Global Analysis By Product (Plain Films, Multi-layer Films, Food Packaging Grade, Standard, Synthetic Paper, Heat Sealable, Anti-static Film, Anti-fogs Film and Other Products), Type, Film Type, Material, Thickness, Technology, Application, End User and By Geography

According to Stratistics MRC, the Global Biaxially Oriented Polypropylene (BOPP) Films Market is accounted for $29.8 billion in 2023 and is expected to reach $48.9 billion by 2030 growing at a CAGR of 7.3% during the forecast period. Biaxially Oriented Polypropylene sheets are a thermoplastic polymer widely used in packaging. This polypropylene film is stretchable both within and between machine directions. Stretching BOPP films results in better printability, low gauge, clarity, flatness, and twist retention. The film also offers exceptional chemical resistance, flat surface area, and UV protection. Since it is recyclable, offers a great barrier to water vapour, oil, and grease, and emits no toxic elements, it has grown in popularity and been in high demand recently.

According to the most current UN estimate the population of the world has quadrupled in the previous century. There were 1.8 billion people on the planet in 1915, there are 7.3 billion people on the planet right now, and by 2050 that number might increase to 9.7 billion.

Market Dynamics

Driver

Increased demand from the food industry

The food sector is the main user of biaxially oriented polypropylene, and this industry is the main driver of the market's volumetric growth. The need for BOPP in the food sector has been impacted by the increased popularity of snacks, cakes, bread, ready-to-eat packaged food sources, frozen food sources, and confectionery stores. BOPP is used for packaging and labelling in the food business. The market's robust expansion is primarily responsible for the rising demand in packaging, marking, printing, and layering.

Restraint

Environmental concerns and regulations

The sector is threatened by rising environmental consciousness and stricter laws governing the management of plastic garbage. The sector is under pressure to create environmentally friendly substitutes, lessen the negative effects of films, and implement recycling programmes. Market share may suffer if regulations change or if consumers' needs for eco-friendly products are not met.

Opportunity

Numerous applications across several end-user industries

Labelling, wrapping, and sticky tapes are just a few of the uses for BOPP films' versatility. Food and beverage, cosmetics, and pharmaceutical industries frequently employ these films for labelling. Given their great printability and clarity, these are ideal for printing high-quality labels. These films are widely utilised as a laminating material to protect objects like books, papers, and maps. Increasing consumer demand across a number of developing nations is additionally anticipated to fuel market expansion.

Threat

Availability of substitutes

Alternative packaging materials include paper-based packaging, biodegradable films, and bio-based polymers compete for market share. These materials are becoming more popular because people believe they are better for the environment. than keep market dominance, these film producers must consistently innovate and show how their products are superior than alternatives. Traditional film production techniques are also in danger due to the quick development of technology and the appearance of new film manufacturing techniques.

Covid-19 Impact

Because a sizable section of the population prefers packaged foods and beverages, COVID-19 has increased demand for them. Furthermore, the demand for contamination resistance has increased dramatically during the course of the epidemic. It is now more widely known how to store both food and medical equipment and supplies. Such conditions increased the market value of biaxially oriented polypropylene sheets during the epidemic. Additionally, many end-use sectors are adopting biaxially oriented polypropylene films for crucial applications due to their potential advantages, such as biodegradability and non-toxic qualities.

The tapes segment is expected to be the largest during the forecast period

The tapes segment is estimated to have a lucrative growth, due to the rising demand for these films. These adhesive tapes feature a very thin thickness of 40 microns and a water-based adhesive. Strong bonds are formed between boxes or packages and these tapes. Additionally, producers gain from lower material needs because these cassettes are comprised of thin films. These thermoplastic tapes also have a high tensile strength in both hot and cold applications.

The pharmaceutical segment is expected to have the highest CAGR during the forecast period

The pharmaceutical segment is anticipated to witness the fastest CAGR growth during the forecast period. Biaxially oriented polypropylene films are extensively used by pharmaceutical businesses for the packaging and labelling of pharmaceuticals and medical equipment. Blister packing, a popular method for delivering tablets, capsules, and other pharmaceutical items with precise quantities, uses these. BOPP films are used for tamper-evident sealing of pharmaceutical products, providing additional customer protection.

Region with Largest share

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing demand for BOPP films amongst various end-user industries. Changes in packaging trends, advancements in flexible packaging concepts, and an increase in demand for personal care goods as a result of the growing young population are all credited with the expansion. Leading market companies' presence in certain nations is anticipated to fuel the market's expansion due to the low manufacturing prices of the product and the accessibility of inexpensive labour in the area.

Region with highest CAGR

Europe is projected to have the highest CAGR over the forecast period, owing to due to increased expansion in end-user sectors such as food and drinks, medical, and personal care. The region's market is expected to increase as a result of factors like rising disposable income, population expansion, and growing urbanisation. The industry is anticipated to see growth in the number of personal care goods and innovation projects.

Key players in the market

Some of the key players profiled in the Biaxially Oriented Polypropylene (BOPP) Films Market include Treofan Group, Sibur Holdings, Taghleef Industries, CCL Industries, Jindal Poly Films Limited, Inteplast Group, Cosmo Films Ltd., Toray Industries, Dunmore Corporation, Ampacet Corporation, The Dow Chemical Company, Kopafilm, Sinopec Corp, Mondi Group, China National Petroleum Corporation, Granwell, Products and Exxon Mobil Corporation.

Key Developments

In November 2021, Cosmo Films Ltd., a global leader in specialty films for flexible packaging, labeling and lamination applications as well as synthetic paper, has launched Enhanced Barrier Metalized BOPP Film specially designed for packaging applications with very high moisture and good oxygen barrier properties and high metal bond.

In March 2020, CCL Industries, a provider of speciality label, security and packaging solutions, has completed the acquisition of Flexpol, a Polish biaxially oriented polypropylene (BOPP) film producer, for around $22m.

Products Covered
• Plain Films
• Multi-layer Films
• Food Packaging Grade
• Standard
• Synthetic Paper
• Heat Sealable
• Anti-static Film
• Anti-fogs Film
• Other Products

Types Covered
• Tapes
• Labels
• Bags and Pouches
• Wraps
• Printing & Lamination
• Other Types

Film Types Covered
• Transparent
• White/Opaque/Matt
• Metalized

Materials Covered
• Commodity Films
• Polymer-based
• Aluminum-based
• Speciality Films
• Silica-based

Thickness Covered
• More than 45 microns
• 30-45 microns
• 15-30 microns
• Below 15 microns

Technologies Covered
• Tenter Method
• Tubular Method

Applications Covered
• Labelling
• Stationery
• Metalizing
• Packaging
• Other Applications

End Users Covered
• Medical & Pharmaceutical
• Fast Moving Consumer Goods (FMCG)
• Food & Beverage
• Personal Care
• Electrical & Electronics
• Tobacco
• Pharmaceutical
• Printing and Lamination
• Cosmetics
• Insulation
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements