The global BOPP Film market stood at nearly 8 million tonnes in 2022 and is expected to grow at a steady CAGR of 5.11% during the forecast period until 2032. The rise in demand for BOPP Film across a range of industries, including Food Packaging, Tobacco Packaging, Non-Food Packaging, and Industrial application is responsible for the BOPP Film market's expansion.
BOPP films (Biaxially Oriented Polypropylene Films) are widely used for packaging, labelling, and lamination purposes. Due to their low cost and required qualities, BOPP films are now employed in food packaging in place of cellophane films, which were formerly used in the packaging of cigarettes and snacks. Due to their low cost, ability to act as a gas barrier, and mechanical and optical qualities, these films have also been utilized in the pharmaceutical and medical industries. Flexible packaging films like BOPP films have become the preferred type of packaging in theses industries because of its adaptability, ability to be customized, efficacy in protecting resources, and sustainability. They also offer consumers a convenient shopping experience by making it easier to move the goods because of their low weight. The BOPP Film market is expected to reach 14.5 million tonnes in the year 2032.
Regionally, the Asia Pacific region is dominating the BOPP Film market. This region held a market share of approximately 38% in 2022. Growing per-capita income across developing nations such as India, China, Japan, and Bangladesh are anticipated to propel the demand for ready-to-eat snacks, dairy products, and other commodities, which will most likely substantially fuel the BOPP film market. North America also holds considerable market shares. The majority of food product sales in North America are made at retail establishments, which contributes to the market. Currently, Italy holds the maximum capacity for producing BOPP Film and is likely to keep the hold on the market in the forecast period.
Based on the end-user industry, the global BOPP Film market is segmented into Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others. Among these, the Food Packaging is consuming the majority of BOPP Film. In 2022, the food packaging industry consumed approximately 63% of the market and is likely to maintain its dominance in the forecast period. Increased demand for sustainable packaging materials like BOPP film for packing ready-to-eat snacks and dairy items owing to its biodegradable nature is anticipated to propel the BOPP film demand in the forthcoming years.
Major players in the production of Global BOPP Film are Cosmo Films Limited, Taghleef Industries, CCL Industries, Jindal Poly Films, Sibur Holdings, Zhejiang Kinlead Innovative Materials, Inteplast Group, Poligal S.A, Uflex Ltd, Polinas, Polibak, Toray Industries, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of BOPP Film which covers production, demand and supply of BOPP Film market in the globe.
• To analyse and forecast the market size of BOPP Film
• To classify and forecast Global BOPP Film market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of BOPP Film market in the globe.
To extract data for Global BOPP Film market, primary research surveys were conducted with BOPP Film manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global BOPP Film market over the coming years.
ChemAnalyst calculated BOPP Film demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand from end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• BOPP Film manufacturers and other stakeholders
• Organizations, forums and alliances related to BOPP Film distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as BOPP Film s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global BOPP Film market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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8 million tonnes
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Market size Volume by 2032
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14.5 million tonnes
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Growth Rate
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CAGR of 5.11% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in million tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com