Biaxially Oriented Polypropylene Bopp Films Market
PUBLISHED: 2023 ID: SMRC23394
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Biaxially Oriented Polypropylene Bopp Films Market

Biaxially Oriented Polypropylene (BOPP) Films Market Forecasts to 2030 - Global Analysis By Product (Plain Films, Multi-layer Films, Food Packaging Grade, Standard, Synthetic Paper, Heat Sealable, Anti-static Film, Anti-fogs Film and Other Products), Type, Film Type, Material, Thickness, Technology, Application, End User and By Geography

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4.9 (32 reviews)
Published: 2023 ID: SMRC23394

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $29.8 BN

Projected Year Value (2030)

US $48.9 BN

CAGR (2023 - 2030)

7.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Biaxially Oriented Polypropylene (BOPP) Films Market is accounted for $29.8 billion in 2023 and is expected to reach $48.9 billion by 2030 growing at a CAGR of 7.3% during the forecast period. Biaxially Oriented Polypropylene sheets are a thermoplastic polymer widely used in packaging. This polypropylene film is stretchable both within and between machine directions. Stretching BOPP films results in better printability, low gauge, clarity, flatness, and twist retention. The film also offers exceptional chemical resistance, flat surface area, and UV protection. Since it is recyclable, offers a great barrier to water vapour, oil, and grease, and emits no toxic elements, it has grown in popularity and been in high demand recently.

According to the most current UN estimate the population of the world has quadrupled in the previous century. There were 1.8 billion people on the planet in 1915, there are 7.3 billion people on the planet right now, and by 2050 that number might increase to 9.7 billion.



Market Dynamics:

Driver:

Increased demand from the food industry

The food sector is the main user of biaxially oriented polypropylene, and this industry is the main driver of the market's volumetric growth. The need for BOPP in the food sector has been impacted by the increased popularity of snacks, cakes, bread, ready-to-eat packaged food sources, frozen food sources, and confectionery stores. BOPP is used for packaging and labelling in the food business. The market's robust expansion is primarily responsible for the rising demand in packaging, marking, printing, and layering.

Restraint:

Environmental concerns and regulations

The sector is threatened by rising environmental consciousness and stricter laws governing the management of plastic garbage. The sector is under pressure to create environmentally friendly substitutes, lessen the negative effects of films, and implement recycling programmes. Market share may suffer if regulations change or if consumers' needs for eco-friendly products are not met.

Opportunity:

Numerous applications across several end-user industries

Labelling, wrapping, and sticky tapes are just a few of the uses for BOPP films' versatility. Food and beverage, cosmetics, and pharmaceutical industries frequently employ these films for labelling. Given their great printability and clarity, these are ideal for printing high-quality labels. These films are widely utilised as a laminating material to protect objects like books, papers, and maps. Increasing consumer demand across a number of developing nations is additionally anticipated to fuel market expansion.

Threat:

Availability of substitutes

Alternative packaging materials include paper-based packaging, biodegradable films, and bio-based polymers compete for market share. These materials are becoming more popular because people believe they are better for the environment. than keep market dominance, these film producers must consistently innovate and show how their products are superior than alternatives. Traditional film production techniques are also in danger due to the quick development of technology and the appearance of new film manufacturing techniques.

Covid-19 Impact

Because a sizable section of the population prefers packaged foods and beverages, COVID-19 has increased demand for them. Furthermore, the demand for contamination resistance has increased dramatically during the course of the epidemic. It is now more widely known how to store both food and medical equipment and supplies. Such conditions increased the market value of biaxially oriented polypropylene sheets during the epidemic. Additionally, many end-use sectors are adopting biaxially oriented polypropylene films for crucial applications due to their potential advantages, such as biodegradability and non-toxic qualities.

The tapes segment is expected to be the largest during the forecast period

The tapes segment is estimated to have a lucrative growth, due to the rising demand for these films. These adhesive tapes feature a very thin thickness of 40 microns and a water-based adhesive. Strong bonds are formed between boxes or packages and these tapes. Additionally, producers gain from lower material needs because these cassettes are comprised of thin films. These thermoplastic tapes also have a high tensile strength in both hot and cold applications.

The pharmaceutical segment is expected to have the highest CAGR during the forecast period

The pharmaceutical segment is anticipated to witness the fastest CAGR growth during the forecast period. Biaxially oriented polypropylene films are extensively used by pharmaceutical businesses for the packaging and labelling of pharmaceuticals and medical equipment. Blister packing, a popular method for delivering tablets, capsules, and other pharmaceutical items with precise quantities, uses these. BOPP films are used for tamper-evident sealing of pharmaceutical products, providing additional customer protection.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the growing demand for BOPP films amongst various end-user industries. Changes in packaging trends, advancements in flexible packaging concepts, and an increase in demand for personal care goods as a result of the growing young population are all credited with the expansion. Leading market companies' presence in certain nations is anticipated to fuel the market's expansion due to the low manufacturing prices of the product and the accessibility of inexpensive labour in the area.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to due to increased expansion in end-user sectors such as food and drinks, medical, and personal care. The region's market is expected to increase as a result of factors like rising disposable income, population expansion, and growing urbanisation. The industry is anticipated to see growth in the number of personal care goods and innovation projects.



Key players in the market

Some of the key players profiled in the Biaxially Oriented Polypropylene (BOPP) Films Market include Treofan Group, Sibur Holdings, Taghleef Industries, CCL Industries, Jindal Poly Films Limited, Inteplast Group, Cosmo Films Ltd., Toray Industries, Dunmore Corporation, Ampacet Corporation, The Dow Chemical Company, Kopafilm, Sinopec Corp, Mondi Group, China National Petroleum Corporation, Granwell, Products and Exxon Mobil Corporation.

Key Developments:

In November 2021, Cosmo Films Ltd., a global leader in specialty films for flexible packaging, labeling and lamination applications as well as synthetic paper, has launched Enhanced Barrier Metalized BOPP Film specially designed for packaging applications with very high moisture and good oxygen barrier properties and high metal bond.

In March 2020, CCL Industries, a provider of speciality label, security and packaging solutions, has completed the acquisition of Flexpol, a Polish biaxially oriented polypropylene (BOPP) film producer, for around $22m.

Products Covered:
• Plain Films
• Multi-layer Films
• Food Packaging Grade
• Standard
• Synthetic Paper
• Heat Sealable
• Anti-static Film
• Anti-fogs Film
• Other Products

Types Covered:
• Tapes
• Labels
• Bags and Pouches
• Wraps
• Printing & Lamination
• Other Types

Film Types Covered:
• Transparent
• White/Opaque/Matt
• Metalized

Materials Covered:
• Commodity Films
• Polymer-based
• Aluminum-based
• Speciality Films
• Silica-based

Thickness Covered:
• More than 45 microns
• 30-45 microns
• 15-30 microns
• Below 15 microns

Technologies Covered:
• Tenter Method
• Tubular Method

Applications Covered:
• Labelling
• Stationery
• Metalizing
• Packaging
• Other Applications

End Users Covered:
• Medical & Pharmaceutical
• Fast Moving Consumer Goods (FMCG)
• Food & Beverage
• Personal Care
• Electrical & Electronics
• Tobacco
• Pharmaceutical
• Printing and Lamination
• Cosmetics
• Insulation
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Product
5.1 Introduction
5.2 Plain Films
5.3 Multi-layer Films
5.4 Food Packaging Grade
5.5 Standard
5.6 Synthetic Paper
5.7 Heat Sealable
5.8 Anti-static Film
5.9 Anti-fogs Film
5.10 Other Products

6 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Type
6.1 Introduction
6.2 Tapes
6.3 Labels
6.4 Bags and Pouches
6.5 Wraps
6.6 Printing & Lamination
6.7 Other Types

7 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Film Type
7.1 Introduction
7.2 Transparent
7.3 White/Opaque/Matt
7.4 Metalized

8 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Material
8.1 Introduction
8.2 Commodity Films
8.3 Polymer-based
8.4 Aluminum-based
8.5 Speciality Films
8.6 Silica-based

9 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Thickness
9.1 Introduction
9.2 More than 45 microns
9.3 30-45 microns
9.4 15-30 microns
9.5 Below 15 microns

10 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Technology
10.1 Introduction
10.2 Tenter Method
10.3 Tubular Method

11 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Application
11.1 Introduction
11.2 Labelling
11.3 Stationery
11.4 Metalizing
11.5 Packaging
11.6 Other Applications

12 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By End User
12.1 Introduction
12.2 Medical & Pharmaceutical
12.3 Fast Moving Consumer Goods (FMCG)
12.4 Food & Beverage
12.5 Personal Care
12.6 Electrical & Electronics
12.7 Tobacco
12.8 Pharmaceutical
12.9 Printing and Lamination
12.10 Cosmetics
12.11 Insulation
12.12 Other End Users

13 Global Biaxially Oriented Polypropylene (BOPP) Film Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa

14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies

15 Company Profiling
15.1 Treofan Group
15.2 Sibur Holdings
15.3 Taghleef Industries
15.4 CCL Industries
15.5 Jindal Poly Films Limited
15.6 Inteplast Group
15.7 Cosmo Films Ltd.
15.8 Toray Industries
15.9 Dunmore Corporation
15.10 Ampacet Corporation
15.11 The Dow Chemical Company
15.12 Kopafilm
15.15 Sinopec Corp
15.14 Mondi Group
15.15 China National Petroleum Corporation
15.16 Granwell Products
15.17 Exxon Mobil Corporation

List of Tables
1 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Region (2021-2030) ($MN)
2 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Product (2021-2030) ($MN)
3 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Plain Films (2021-2030) ($MN)
4 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Multi-layer Films (2021-2030) ($MN)
5 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Food Packaging Grade (2021-2030) ($MN)
6 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Standard (2021-2030) ($MN)
7 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Synthetic Paper (2021-2030) ($MN)
8 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Heat Sealable (2021-2030) ($MN)
9 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Anti-static Film (2021-2030) ($MN)
10 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Anti-fogs Film (2021-2030) ($MN)
11 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Other Products (2021-2030) ($MN)
12 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Type (2021-2030) ($MN)
13 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tapes (2021-2030) ($MN)
14 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Labels (2021-2030) ($MN)
15 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Bags and Pouches (2021-2030) ($MN)
16 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Wraps (2021-2030) ($MN)
17 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Printing & Lamination (2021-2030) ($MN)
18 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Other Types (2021-2030) ($MN)
19 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Film Type (2021-2030) ($MN)
20 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Transparent (2021-2030) ($MN)
21 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By White/Opaque/Matt (2021-2030) ($MN)
22 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Metalized (2021-2030) ($MN)
23 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Material (2021-2030) ($MN)
24 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Commodity Films (2021-2030) ($MN)
25 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Polymer-based (2021-2030) ($MN)
26 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Aluminum-based (2021-2030) ($MN)
27 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Speciality Films (2021-2030) ($MN)
28 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Silica-based (2021-2030) ($MN)
29 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Thickness (2021-2030) ($MN)
30 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By More than 45 microns (2021-2030) ($MN)
31 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By 30-45 microns (2021-2030) ($MN)
32 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By 15-30 microns (2021-2030) ($MN)
33 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Below 15 microns (2021-2030) ($MN)
34 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Technology (2021-2030) ($MN)
35 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tenter Method (2021-2030) ($MN)
36 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tubular Method (2021-2030) ($MN)
37 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Application (2021-2030) ($MN)
38 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Labelling (2021-2030) ($MN)
39 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Stationery (2021-2030) ($MN)
40 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Metalizing (2021-2030) ($MN)
41 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Packaging (2021-2030) ($MN)
42 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Other Applications (2021-2030) ($MN)
43 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By End User (2021-2030) ($MN)
44 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Medical & Pharmaceutical (2021-2030) ($MN)
45 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Fast Moving Consumer Goods (FMCG) (2021-2030) ($MN)
46 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Food & Beverage (2021-2030) ($MN)
47 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Personal Care (2021-2030) ($MN)
48 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
49 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tobacco (2021-2030) ($MN)
50 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Pharmaceutical (2021-2030) ($MN)
51 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Printing and Lamination (2021-2030) ($MN)
52 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Cosmetics (2021-2030) ($MN)
53 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Insulation (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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