For the Quarter Ending June 2025
North America
• The BOPP Film Spot Price in the U.S. averaged a 3.53% at USD 2416.33/MT rise throughout Q2 2025, as indicated by a firming BOPP Film Price Index.
• Stronger restocking within the domestic market and increased FMCG packaging during the months of May and June witness prices increase.
• The BOPP Film Production Cost Trend was steady throughout April and May, but prices for feedstock polypropylene moved 3.29% higher in June, putting more pressure on input costs.
• Home market demand was consistent, aided by e-commerce and food packaging industries, enhancing the BOPP Film Demand Outlook.
• The BOPP Film Price Forecast indicates sustained firm prices in early Q3, except for a slowing down of demand or logistic bottleneck.
Why did the BOPP Film price move in July 2025 in the USA?
• The Price Index increased owing to seasonal peak demand from FMCG and e-commerce segments.
• Firm consumption kept inventory accumulation at bay, reinforcing price strength.
• Despite the consistent Production Cost Trend, demand was the main upward momentum driver.
Europe
• The German BOPP Film Spot Price indicated an average fall of 1.11% at USD 2504/MT throughout Q2 2025, and this was replicated by a declining BOPP Film Price Index.
• April and May weakness in prices stemmed from weak domestic demand and an overhang of inventory, although there was a slight increase in June following activity from exports.
• The BOPP Film Production Cost Trend remained relatively flat with no noteworthy variation in the price of feedstock.
• The BOPP Film Demand Outlook continued weak throughout Germany, but increasing cross-border orders from Poland and France somewhat relieved pressure.
• The Q3 BOPP Film Price Forecast indicates stable-to-firm action, subject to continuing export performance and regional consumption.
Why did the price of BOPP Film change in July 2025 in Germany?
• Price Index increased as greater exports offset excess inventories.
• Local production stayed high, but rising overseas demand reinforced prices.
• No significant shift in Production Cost Trend, indicating demand led to the rise.
Asia-Pacific (APAC)
• The BOPP Film Spot Price for China registered an average downtick of -0.91% at USD 1236.66/MT in Q2 2025, leading to a steadily decline BOPP Film Price Index.
• Towards May there was a significant increase in export demand, especially from Southeast Asia, and domestic FMCG consumption also aided price resistance.
• Towards stable polypropylene prices, there were shipment delays at Shanghai port due to congestion, which modestly impacted the BOPP Film Production Cost Trend.
• The BOPP Film Demand Outlook during the quarter remained buoyant with joint domestic and international offtake.
• The BOPP Film Price Forecast suggests upward momentum will persist through early Q3, given improving logistics conditions.
Why did BOPP Film price move in July 2025 in China?
• The Price Index decreases owing to tightened overseas demand.
• Steady Production Cost Trend enabled producers to balance demand profitably.
• Export-oriented consumption boosted domestic pricing levels.
For the Quarter Ending March 2025
North America
In the first quarter of 2025, the North American Biaxially Oriented Polypropylene (BOPP) film market experienced subdued demand, particularly from the packaging sector, which remained cautious due to macroeconomic uncertainties and limited new orders. Despite these challenges, supply conditions remained balanced, supported by stable production rates and sufficient inventory levels. This equilibrium helped mitigate significant price fluctuations, as market participants adopted a wait-and-watch stance, closely monitoring economic developments and potential tariff impacts. Expectations of seasonal demand improvements in the coming months contributed to cautious optimism within the market, even as economic headwinds continued to temper downstream activity.
In the United States, BOPP film prices saw a modest increase of 0.76% from Q4 2024, averaging $2334.0 USD/MT during Q1 2025. The intra-quarter price trend was largely flat, reflecting a stable balance between supply and demand. Key packaging consumers maintained conservative purchasing strategies amid ongoing economic uncertainties, which, combined with adequate inventory levels, supported price stability. While the market outlook remains broadly stable, expectations for a gradual demand recovery are tied to anticipated seasonal packaging needs in the coming months. Producers and traders are likely to maintain a balanced approach, focusing on aligning supply with evolving demand conditions to sustain market equilibrium.
APAC
The APAC BOPP film market in Q1 2025 was characterized by abundant supply and subdued demand, particularly from the packaging sector, which tempered price momentum. Logistical challenges and delivery uncertainties further dampened buying interest, resulting in a generally cautious market sentiment. Despite some fluctuations, the region maintained a relatively balanced supply-demand dynamic, with inventory levels remaining comfortable. Seasonal factors and economic slowdowns contributed to muted consumption, while competitive import pricing, especially from key producers, reinforced price stability throughout the quarter.
In Indonesia, BOPP film prices declined by 3.71% from Q4 2024 to Q1 2025, averaging USD 1307.33/MT in the current quarter. The intra-quarter price trend was largely flat, reflecting stable monthly prices amid moderate demand from the packaging industry and ample domestic inventories. Competitive Chinese imports and cautious procurement by end-users constrained price growth, resulting in a predominantly bearish market stance. Near-term outlook suggests continued subdued demand with slight price fluctuations expected as the market awaits potential recovery signals.
MEA
In the MEA region during Q1 2025, the BOPP film market exhibited subdued demand largely influenced by seasonal and economic factors, including the Ramadan period which dampened industrial activity and consumer purchasing. Supply constraints emerged from limited feedstock availability, particularly polypropylene, tightening production volumes and inventories. Despite these pressures, overall market sentiment remained cautious with balanced supply-demand dynamics, and trading activity was primarily need-based. As the quarter progressed, a modest recovery in demand was anticipated post-Ramadan, although export orders, especially to Europe, showed signs of weakening.
In Saudi Arabia, BOPP film prices declined marginally by 0.52% from Q4 2024 to Q1 2025, averaging $1718.67 USD/MT in the current quarter. The intra-quarter price trend was essentially flat, reflecting a balance between tight feedstock supply and muted demand during Ramadan. Price stability was underpinned by constrained production volumes and low purchasing interest in the packaging sector, resulting in a stable to slightly bearish market outlook. Near-term expectations suggest a gradual demand rebound post-Ramadan, with potential price adjustments aligned to seasonal consumption patterns.
Europe
In the first quarter of 2025, the European Biaxially Oriented Polypropylene (BOPP) film market faced subdued demand, particularly from the downstream packaging sector, as procurement activity remained cautious and environmental concerns influenced purchasing decisions. Domestic supply generally met market requirements, but elevated inventory levels, coupled with operational challenges such as port congestion and labor shortages, constrained overall market activity. Seasonal demand fluctuations and a growing preference for sustainable packaging further dampened consumption, resulting in a weak market sentiment and limited price momentum throughout the quarter.
In Germany, BOPP film prices decreased by 2.13% compared to the previous quarter, averaging USD 2532.0/MT in Q1 2025. Monthly pricing trends were relatively flat, reflecting a fragile balance between supply and demand despite muted activity in key packaging sectors. Producers implemented production adjustments to address the prevailing oversupply, while steady feedstock costs provided some stability. However, weak downstream orders, alongside competitive imports from Asia, sustained a bearish undertone in the market.
Looking ahead, the European BOPP film market is expected to face continued price pressure, influenced by cautious industrial activity, ongoing inventory management, and potential shifts in regulatory frameworks targeting sustainability. Market participants are likely to adopt conservative strategies to navigate these challenges in the near term.
South America
The South American BOPP film market in Q1 2025 displayed subdued dynamics, shaped by moderate demand primarily from the packaging sector amid ongoing economic uncertainties and inflationary pressures. While the food and beverage industry maintained steady consumption levels, other downstream sectors adopted a cautious approach, limiting overall market growth. Supply conditions remained balanced throughout the quarter, supported by ample imports that ensured sufficient product availability. However, restrained procurement strategies and cautious inventory management by market participants characterized the trading environment.
In Brazil, BOPP film prices experienced a marginal increase of 0.32% from Q4 2024 to Q1 2025, averaging USD 2,508.33/MT. Price trends within the quarter were largely flat, reflecting moderate demand from packaging and food industries alongside subdued activity in other sectors. Despite competitive imports and steady domestic supply, economic caution and inflationary constraints kept broader market activity restrained.
Looking ahead, the South American BOPP film market is poised for moderate growth, driven by seasonal demand upticks and cautious restocking efforts. However, ongoing economic challenges and inflationary pressures are expected to continue influencing procurement strategies and downstream activity in the region.
For the Quarter Ending December 2024
North America
In the fourth quarter of 2024, BOPP (Biaxially Oriented Polypropylene) film prices in the USA saw a noticeable decrease, reflecting a combination of market trends and seasonal factors. The slowdown in demand ahead of the New Year contributed significantly to this price reduction. As businesses, particularly in packaging and consumer goods sectors, wound down for the holidays, purchasing activity slowed, leading to reduced pressure on prices.
The New Year sales period also played a role, as companies were more focused on inventory management rather than large-scale purchasing. While the holiday season traditionally sees some increase in consumer demand, the push for BOPP films remained moderate as industries prioritized stock replenishment and cost-efficiency.
On the supply side, the US saw steady imports of BOPP films from international markets, including Asia, where production remained strong. Increased global supply, coupled with stabilizing or lower raw material costs, allowed manufacturers to adjust prices competitively. Domestic manufacturers were also able to maintain production levels without facing significant raw material price hikes, which helped support a favorable pricing environment.
In summary, reduced demand in the lead-up to New Year sales, combined with increased global supply, contributed to the decrease in BOPP film prices in the USA during the fourth quarter of 2024. At the end of Quartet BOPP Film 30 Micron was settled at USD 2276/MT on a DEL Louisiana basis.
APAC
In the fourth quarter of 2024, BOPP (Biaxially Oriented Polypropylene) film prices in Asia experienced a notable decline. This decrease can be attributed to several factors, including reduced demand following the peak season and increased supply across major manufacturing hubs. The approach of the New Year typically sees a slowdown in purchasing activity, as many industries prepare for the holiday season or adjust their production schedules. As a result, the demand for BOPP films softened, leading to price adjustments in the market.
In addition to this seasonal trend, increased production capacity from key Asian producers contributed to higher supply levels. Manufacturers, eager to meet global demand, maintained a steady output, further balancing market dynamics and exerting downward pressure on prices.
New Year sales in various sectors, particularly in packaging and consumer goods, also played a role in influencing BOPP film demand. While the holiday season brings some growth in sales, it is often a period of inventory replenishment and stock optimization rather than substantial growth. This combination of reduced demand and increased supply created a market environment where BOPP film prices were lower as manufacturers adjusted to a more balanced, albeit slower, market.
Europe
In the fourth quarter of 2024, BOPP (Biaxially Oriented Polypropylene) film prices in Europe saw a decline, driven by several key factors. The seasonal slowdown typically observed during the end of the year played a major role, with many industries, including packaging and consumer goods, reducing their activity ahead of the holiday period. This reduction in demand, especially as businesses adjusted inventories for the New Year, led to softer price levels.
The New Year sales period also contributed to the dip in prices. While sales promotions and increased consumer spending are common during this time, the demand for BOPP films remained stable, as companies focused on meeting their stock requirements rather than pursuing significant new orders. As a result, the pressure on prices to rise was limited.
On the supply side, European manufacturers faced competitive global pressures, with supply chains from Asia remaining strong and even increasing in capacity. This higher availability of BOPP films in the market, combined with stable to declining raw material prices, provided manufacturers with flexibility, enabling them to offer more competitive pricing.
Ultimately, the combination of lower seasonal demand, cautious New Year sales expectations, and increased supply contributed to the decrease in BOPP film prices in Europe during the fourth quarter of 2024.
For the Quarter Ending September 2024
North America
In Q3 2024, the North American BOPP film market experienced a gradual month-on-month decline due to several factors. Reduced demand from downstream industries, logistical challenges, and uncertainty in deliveries significantly impacted prices. In July, the cost of BOPP improved compared to August, driven by a notable increase in feedstock PP prices in the American market. However, in the subsequent months, costs began to decline, which supported the BOPP market in terms of production expenses.
In Mexico, the market experienced the most significant price changes, reflecting the overall negative sentiment. Seasonal factors and global economic conditions also contributed to the price decline. The correlation in price changes indicated a strong downward trajectory, with a notable 5% decrease from the previous quarter.
The second half of the quarter saw a further decrease of 2% from the first half, highlighting the continued negative trend. The quarter-ending price of USD 2540/MT of BOPP Film 30 Micron CFR Manzanillo in Mexico encapsulates the prevailing negative pricing environment in the region.
APAC
In the APAC region, the third quarter of 2024 has been characterized by a decline in prices for BOPP Film, influenced by several significant factors. Weak demand from downstream industries, particularly in the packaging sector, has played a pivotal role in driving prices down. Additionally, the market has seen a surplus of feedstock, leading to a decrease in cost for BOPP production. The Mid-Autumn Festival holidays further dampened trading activities, contributing to the overall bearish sentiment in the market. Downstream enterprises have not shown signs of improvement in demand, with mostly just in demand replenishment, insufficient demand, flat trading, low transaction volume, and a wait-and-see attitude. Purchasing intentions are not high, and market demand has weak support for prices. Comparing to the previous quarter in 2024, there was a -2% decline, with the second half of the quarter experiencing a further -3% drop in prices. The quarter-ending price for BOPP Film 30 Micron FOB Shanghai in China stood at USD 1320/MT, reflecting the prevailing negative pricing environment. Overall, the pricing trends in the region have been predominantly negative, marked by a consistent decrease in prices driven by subdued demand and ample supply.
Europe
In Q3 2024, the Europe region experienced an increase in BOPP Film prices, driven by significant factors influencing market dynamics. The rise in feedstock PP costs exerted upward pressure on prices, despite subdued demand from the downstream packaging sector. Global crude oil prices also played a role, with geopolitical tensions and summer fuel consumption optimism contributing to the overall price trend. New export orders continued falling at a marked pace, albeit one that was slightly slower than in June and weaker than the decline in total new business. Germany, in particular, witnessed the most substantial price changes, reflecting the broader market conditions. Comparing to the previous quarter in 2024, prices dropped by 1%, showcasing fluctuations in pricing trends. However, within the quarter, prices increased by 1% between the first and second half, highlighting a changing market sentiment. The quarter-ending price for BOPP Film 30 Micron FD Hamburg in Germany stood at USD 2675/MT, signaling a consistent increase in pricing. The pricing environment in Q3 2024 for BOPP Film in Germany remained positive, reflecting the overall upward trend in market prices.
MEA
Throughout Q3 2024, the market for BOPP Film in the MEA region has maintained a stable pricing environment. Several factors have contributed to this stability, including balanced supply and demand dynamics, moderate production levels, and consistent feedstock costs. The overall market sentiment has been influenced by sluggish demand from downstream sectors, leading to a lack of significant price fluctuations. In the case of Saudi Arabia, which has experienced the most price changes in the region, the pricing trends have mirrored the broader MEA market. Moreover, the percentage change from the previous quarter in 2024 has been recorded at 0%, reflecting a stable pricing trend. Additionally, the comparison between the first and second half of the quarter 3 has shown no significant price variations. As Q3 comes to a close, the latest quarter-ending price stands at USD 1760/MT for BOPP Film 30 Micron (Spot) Ex-Al Jubail in Saudi Arabia, highlighting a continuation of the stable pricing environment observed throughout the quarter.
South America
In Q3 2024, the South American BOPP film market experienced a gradual month-on-month decline due to several factors. Several factors contributed to this decline, including sluggish demand from downstream industries, logistical challenges, and uncertainties in deliveries. The balance between supply and demand played a crucial role in maintaining price stability. Brazil, in particular, witnessed significant price changes, with prices decreasing by 5% compared to the previous quarter. Seasonal factors, such as reduced demand during the winter season, further impacted pricing dynamics. Industries faced challenges from hurricanes, which disrupted the supply chain, while weak orders from the overseas market also contributed to price volatility. There has been no improvement in orders, leading to a focus on meeting only normal start-up requirements. The correlation between price changes in the first and second half of the quarter was negative, emphasizing the overall downward trajectory. The quarter-ending price of USD 2560/MT of BOPP Film 30 Micron CFR Santos in Brazil symbolizes the prevailing negative sentiment in the pricing environment.
FAQs
1. What was the average BOPP Film Spot Price trend in Q2 2025?
Prices increased in the USA (+3.53%), China (-0.91%), but fell in Germany (–1.11%), influenced by variations in demand strength and inventory levels.
2. Which are the major producers of BOPP Film worldwide?
The major producers of BOPP Film are Jindal Poly Films, Taghleef Industries, Cosmo Films, Oben Group, and Gettel Group, with production sites located in North America, Europe, and APAC.
3. What is the BOPP Film Price Forecast for Q3 2025?
Prices are likely to be firmer in the U.S., China, and India because of summer restocking and packaging requirements, while Europe can stay stable to modestly tighter with export support.
4. How did the Trend in BOPP Film Production Cost affect Q2 prices?
Production costs were generally unchanged in all regions except in the U.S., where the price of feedstocks rose strongly in June. This helped drive downstream prices stronger in North America.
