BOPP Films Market Size
BOPP films market to surpass USD 30.7 Billion by 2031, which is valued at 17.5 billion in 2021 at a compound annual growth rate of 5.8%
Biaxially Oriented Polypropylene or BOPP films have an effective barrier to moisture and a stronger barrier to oxygen with the metalized variety. For food packaging, these properties of BOPP films play a key role in extending the shelf-life of items, thereby reducing food waste. BOPP movies have clear screen integrity due to their narrow-gauge distribution, except for barrier properties. Good heat seal efficiency, large screen windows lower the temperature of the initial seal and good machinability further improve their usefulness for retaining food quality in food packaging industries. Biaxial orientation allows for a machine-wide (MD) and across machine-direction (AMD) extension of the BOPP film. It improves durability, stability, enhanced visibility, improved resistance to oil and greasing, enhanced barrier characteristics to steam and oxygen, adjusted resistance to impact, and flexible resistance to cracking. ?
Market Highlights
BOPP films market is expected to project a CAGR of 5.8% during the forecast period, 2021-2031
According to the report, Due to its surging demand for electronics, food packaging, and insulating applications, the global Biaxially oriented polypropylene market will expand over the forecast period. Owing to its improved thermal insulation properties over counterparts like wax paper and cellophane, Biaxially Focused Polypropylene (BOPP) films are being used at an appreciable pace in recent times.
BOPP filmsMarket: Segments
The Tenter segment is anticipated to register XX% of the volume share and is expected to grow at the highest CAGR.
The thickness of the BOPP film formed by the tenter process ranges from 8-50 micrometers while the line production ranges from 100-550 kg / h. The double bubble method processes fairly complex film structures in which the conventional tenter frame process is not completely feasible. It results in the characteristics of a balanced film by simultaneous stretching of a cooled and reheated layer. Therefore, in both ways, the film characteristics are identical, an effect that is not attainable with regular tenter frame technologies. Tenter frame processes have performance much greater than the tubular cycle. It's primarily used for making BOPP and BOPET films.
The food segment accounted for XX% of the global volume in 2019 and is anticipated to grow at the highest CAGR.
The food segment in the BOPP film market is anticipated to witness the fastest-growing segment. BOPP films are made from highly sterilized components. These materials help protect the items from contamination, making them suitable for use in packaging for food & beverages. The main growth factor of food packaging for the BOPP film industry is the rising demand for lightweight and compact packaging in baby food and animal food. Throughout the food industry, wraps and other packages from BOPP films are commonly used in the packaging of bakery products, different sauces, animal food, frozen meals, candies, cookies, chocolates, and dried fruits & nuts.
Market Dynamics
Drivers
Enhanced characteristics
BOPP films excel in their fine clarity, temperature tolerance, strength, and barrier properties; the rising use of OPP films is also bound to enhance the growth of BOPP films. They are also available in a wide variety of thickness and surface characteristics, presenting several options for their offers to the customer.
Application in food packaging
Growth in the BOPP high barrier film market is predominantly due to the changing consumer lifestyle, as rising block bottom food packaging is one of the key markets fueling the global growth of the BOPP high barrier film industry. Moreover, growing urbanization in developing nations is the main factor responsible for the growing demand for the BOPP film market. When customers frequently adjust their buying and eating habits, they store food in and even out of the refrigerator for months, these are the major factors that are increasing the demand for the BOPP film industry.
Restraints
Quality issues
Newly designed, rigid packaging demand in the packaging industry and standard and quality issues for BOPP films are key factors restricting the growth of the BOPP film market. BOPP Film Industry High Barrier Growth is limited by poor quality sealing.
Global BOPP Films Market: Regions
In terms of value and volume, Asia Pacific was the largest market accounting for XX% of total market volume share in 2019
Asia Pacific led the global market for BOPP mulch films with XX% of the overall demand in 2019. With fast industrialization and urbanization, China has been the leading consumer to an improved standard of living and increasing demand for food products. The increasing demography in this region provides an enormous consumer base for FMCG goods and food & beverages, which is expected to contribute to the growth of the BOPP film industry. Changes in packaging types, advances in flexible packaging designs, and increased demand for personal care products as the young population rises, are anticipated to propel the market growth for BOPP films in this region.
GlobalBOPP films market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa
GlobalBOPP films market: Key Players
- Cosmo Films Limited (India)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- CCL Industries (Canada)
- Sibur Holdings (Russia)
- Inteplast Group (US)
- Uflex Ltd. (India)
- Polibak (Turkey)
- Taghleef Industries (UAE)
- Toray Industries (Japan)
- Jindal Poly Films (India)
- Zhejiang Kinlead Innovative Materials (China)
- Poligal S.A. (Spain)
- Other prominent players
Global BOPP Films market report also contains analysis on:
BOPP films Market Segments
- production process
- Tubular
- Tenter
- Blend user vertical
- Food
- Pharmaceutical & Medical
- Beverage
- Industrial
- BOPP films Market Dynamics
- BOPP films Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Frequently Asked Questions (FAQ):
Market size was valued at approximately USD 17.5 billion in 2021 and is projected to reach around USD 30.7 billion by 2031.
The market is expected to grow at a compound annual growth rate (CAGR) of about 5.8% from 2021 to 2031.
The tenter process segment is anticipated to register the highest growth and volume share in the BOPP films market.
Food packaging is expected to be the fastest-growing end-user segment, driven by rising demand for lightweight and protective packaging solutions.
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