Overview and Scope
BOPP (biaxially oriented polypropylene) film refers to a type of polypropylene film that has been stretched in both the machine (longitudinal) and transverse (lateral) directions during manufacturing. This biaxial orientation process enhances the film’s strength, clarity, and dimensional stability while maintaining its flexibility.
Sizing and Forecast
The biaxially oriented polypropylene (BOPP) film market size has grown strongly in recent years. It will grow from $27.86 billion in 2023 to $29.56 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to demand for packaging materials, shift towards sustainable packaging solutions, expanding food and beverage industry, shift towards lightweight packaging and consumer.
The biaxially oriented polypropylene (BOPP) film market size is expected to see strong growth in the next few years. It will grow to $38.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing competitive pricing dynamics, increasing disposable income levels and expansion of the cosmetics and personal care. Major trends in the forecast period include advancements in BOPP film technology, integration of smart packaging features, increasing demand for specialty BOPP films and shift towards matte and metallic finishes in BOPP film applications.
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Segmentation & Regional Insights
The biaxially oriented polypropylene (BOPP) film market covered in this report is segmented –
1) By Type: Tenter Method, Bubble Method
2) By Material Type: Silica-Based, Aluminum-Based, Polymer-Based (Ethyl Vinyl Alcohol (EVOH), Other Material Types
3) By Application: Wraps, Bags, Labels, Other Applications
4) By End-User Industry: Fast Moving Consumer Goods, Medical And Pharmaceutical, Industrial
North America was the largest region in the biaxially oriented polypropylene (BOPP) film market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biaxially oriented polypropylene (BOPP) film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in e-commerce activities is expected to propel the growth of the BOPP film market going forward. E-commerce refers to the buying and selling of goods and services over the internet, often facilitated through online platforms and electronic transactions. E-commerce is thriving due to its convenience, variety, and accessibility, allowing consumers to shop anytime, anywhere, with an extensive range of products at their fingertips. BOPP films offer a combination of strength, versatility, and visual appeal that makes them well-suited for e-commerce packaging needs, enhancing the protection of products and the overall customer experience. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total e-commerce sales were estimated at $1,118.7 billion by 2023, which increased by 7.6% (±1.2%) from 2022, and e-commerce total sales increased by 15.4% in 2023 from 14.7% in 2022. Therefore, the rise in e-commerce activities is driving the BOPP film market growth.
Key Industry Players
Major companies operating in the biaxially oriented polypropylene (BOPP) film market are Mitsui Chemicals Inc., Toray Plastics Inc., Mondi plc, Inteplast Group, SRF Limited , Uflex Ltd., Winpak Ltd., Taghleef Industries , Jindal Poly Films Limited, Kangde Xin Composite Material Group Co, Cosmo Films Ltd., Vibac Group, Treofan Group, LC Packaging International BV, Chiripal Poly Films Ltd., Transcendia Inc., VE TIC A S Polinas Plastik, Terphane Inc., Flex Films Inc., Shantou Weifeng Plastic Industry Co. Ltd., Plastchim-T, Rowad National Plastic Co. Ltd., Oben Holding Group, Innovia Films, Vacmet Ltd.
The biaxially oriented polypropylene (bopp) film market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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