BOPP Films Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Global BOPP Films market is anticipated to increase at an impressive rate through 2028 on account of growing demand from the packaging industry. Biaxially oriented polypropylene or BOPP films are transparent, bi-oriented, semi-crystalline, and thermoplastic compounds. BOPP films have excellent clarity, stability, density, and heat resistance and are leakproof in characteristics. Additionally, BOPP films offer compact packaging options. Also, they are available for single-time use. Thus, these films are highly demanded packaging purposes of perfumery, foodstuffs, office supplies, clothing, and bulk materials. BOPP films are available in different visibility, such as opaque, transparent, translucent, and thermal resistance. Apart from these, BOPP films are recyclable, lightweight, and resistant to UV rays and, thus, creating a new application in different industries such as food & beverage, electrical & electronics, pharmaceuticals, cosmetics & personal care, and others. The growing demand for convenient packaging options among consumers is expected to create lucrative opportunities for market growth. BOPP films are becoming highly successful in replacing traditional packaging options such as metal cans and cartons, among others.
BOPP films are plastic, which is not eco-friendly but can be recycled without losing characteristics. This has further led to an increase in the demand for BOPP films as a recyclable packaging market. Hence, the growing packaging industry and public sentiment toward substantial development will influence the BOPP films market growth.
Rising Demand for BOPP Films for Packaging Purposes is Driving the Market Growth
Demand for fine products in packaging and labeling is increasing in the modern era for ease of transportation, hygiene and safer food, and promotion purposes. As BOPP films are thin along with being water, heat, and crack resistant, such as lamination sheet, it is highly demanded in packaging industries. Polymers' characteristics and cost efficiency make EOPP films highly needed in the market for packaging purposes. The growing demand for compact and lightweight packaging is expected to drive the growth of the BOPP films market. As to statistics, the number of parcels shipped in a day amounted to 22.1 billion packages by the United States in 2021. Thus, the growing number of parcels shipped in a day is expected to the increasing demand for BOPP films. The rapidly growing trend of the eCommerce sector and rising demand for packaged products due to the COVID-19 pandemic crisis have significantly increased the demand for packaged products, thereby supporting the growth of the global BOPP films market.
Growing Awareness About the BOPP Packaging Material to Propel the Market Growth
The need and demand for the product by people are changing drastically due to decisions made regarding the availability of raw materials and their effect on the environment. In the past 20 years, we have mined many resources to fulfill the demand without opting for any proper sustainable waste disposal management. All these scenarios led to the spread of complicated healthcare issues among people causing severe diseases. Due to the mishandling of resources, global governing bodies are imposing restrictions on such materials and goods that harm the earth's environment. Here, BOPP films are expected to enjoy a growing market share due to their recyclable nature, which makes them one of the best substitutes for products like aluminum foil and single-use plastic. Therefore, this swing is expected to capture and thrust BOPP Films market growth significantly in the projected period.
Market Segmentation
Global BOPP films market is segmented based on type, thickness, production process, and application. Based on BOPP type, the market is divided into wraps, bags & pouches, tapes, and labels. Based on thickness, the market is divided into below 15 microns, 15-30 microns, 30-45 microns, and more than 45 microns. Based on the production process, the market is divided into tenter and tubular. Based on application, the market is divided into food & beverage, electrical & electronics, pharmaceuticals, cosmetics & personal care, and others. Regionally, the global BOPP films market can be categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America dominated the global BOPP films market on account of growing demand for convenient packaging options from various end-user industries in the region, such as Food & Beverage, Electrical & Electronics, and Cosmetics & Personal Care, among others.
Market Players
Cosmo Films Limited, Taghleef Industries LLC, SRL Limited, Toray Industries Inc., NAN YA Plastics Corporation, Polyplex Corporation Ltd., Wenzhou Gettel Plastic Industry Co. Limited, Amcor Plc, Ampacet Corporation, Chiripal Poly Films Limited are some of the major market players in the global BOPP films market.
Report Scope:
In this report, global BOPP Films market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
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