BOPP Market Size, Share, Growth, and Industry Analysis, By Type (Ordinary Type, Heat Sealing Type, Two-Way Stretch Type, and Others), By Downstream Industry (Food Packaging, Cigarette Packaging, Cosmetics, and Others), and Regional Forecast to 2032

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BOPP MARKET OVERVIEW

The Global BOPP Market size was USD 4.51 Bn in 2023 and is projected to touch USD 5.66 Bn by 2032, exhibiting a CAGR of 2.31% during the forecast period.

BOPP film is also known as biaxially oriented polypropylene film. It is a versatile material broadly used in the label business. It has exceptional clarity, high tensile strength, good dimensional stability, and also it can resist moisture. These features are making it suitable for various labeling applications. This film for labels offers a cost-effective and durable solution that can withstand various printing and converting processes. It offers resistance to chemicals, and UV radiation, making it ultimate for various industries.

Rising demand for parcel food items and other consumer goods are increasing demand for labels, which is fueling the growth of the BOPP film market. The growth of the e-commerce business and the rising requirement for secure covering solutions are impelling the market expansion. Though, the market may face hurdles from the existence of substitute resources and the high competition in the market that hinders market growth.

GLOBAL CRISES IMPACTING BOPP MARKET - COVID-19 IMPACT

"Packaging Industry Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic"

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has significantly affected the market. Supply chain interference has affected and impacted production, manufacturing units and others. The imposed lockdown measures, and transportation challenges have hindered the market growth. Production activities closure and logistical restrictions caused delays in raw material procurement and so as the finished product delivery. These all challenges impacted the overall production and distribution of BOPP films. However, the rapid growth of the country’s financial system and increasing disposable income lead to an increase in consumer spending that is propelling the market growth. This has propelled the demand for packaged goods, especially in urban areas, where handiness and aesthetics play essential roles.

LATEST TREND

"Sustainability and Environmental Concern Boosts Market Progress"

The trends are increasing demand for sustainability and environmental concerns boosting the market growth. The global awareness and regulatory demands regarding plastic use and waste management intensifies films are gaining grip in the market. It is due to their recyclability and lower environmental footprint against other plastic films. Shift towards dependence on fossil fuels that not only counter the consumer demand for eco-friendly packaging but also encourage the BOPP films market growth.

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BOPP MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into ordinary type, heat sealing type, two-way stretch type, and others

• Ordinary Type: It is the most common variant and is used for general purposes such as packaging, labeling, and lamination that can offer excellent clarity and high tensile strength.

• Heat Sealing Type: This type of BOPP has enhanced heat-sealing properties, making it suitable for applications that require sealing, such as food packaging.
• Two-Way Stretch Type: This type of BOPP film has the facility to stretch in both directions and provide excellent clarity and strength. It is preferred for applications such as shrink wrapping.

• Others: There are other markets such as specialty films with exceptional properties including anti-static, matte finish, or holographic patterns. They are catering to specific industries needs, such as electronics or decoration.

BY DOWNSTREAM INDUSTRY

Based on downstream industry, the global market can be categorized into food packaging, cigarette packaging, cosmetics, and others

• Food Packaging: The film is generally used in packaging of food items because they ensure excellent moisture barrier quality, high transparency, and resistance to puncture and tearing.

• Cigarette Packaging: The BOPP films grant a protective layer for the product and are utilized for packaging of cigarettes and preserving its freshness, moisture resistance, and aroma.

• Cosmetics: This film is appropriate for packaging various beauty and personal care products because of their aesthetic appeal and ability to preserve the integrity of the contents.

• Others: This film finds applications in other industries such as pharmaceuticals, stationary, and adhesive tapes for their flexibility and performance distinctiveness.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Growing Packaging Business to Enhance the Market Growth"

A factor in the BOPP Market growth is the growing packaging business. The packaging business increases demand for BOPP films considerably. Their adaptability, durability, printability, and cost-effectiveness make them a preferable choice for packaging.  The excellence for flexible packaging, labeling, and laminating applications in a variety of industries is increasing demand for the films. Furthermore, stringent policies on standard plastic packaging materials are pushing producers to select more environmentally-friendly alternatives. Therefore, BOPP films which are recyclable and have a lesser environmental impact, are emerging as a favored choice in reaction to these laws.

"Adoption of High-End Technology Devices Impel Market Expansion"

Another growing factor for the market expansion is the use of nanotechnology in the production of BOPP films which may produce films with better strength, antibacterial characteristics, and barriers properties. These cutting-edge features might be able to satisfy changing demand for high-performance packaging across numerous industries. Modern digital printing methods could provide BOPP films with options for personalization. Modern equipment and automation can optimize resource use, cut waste, and improve sustainability overall, in line with the rising demand for environmentally friendly packaging options.

RESTRAINING FACTOR

"Availability of Substitute Packaging Materials may Hinder Market Growth"

The limiting factor that can hinder the market growth is the widespread availability of more environment-friendly materials. Materials such as PRT, PR, and PLA have characteristics similar to BOPP films and are increasingly being used in packaging. These alternatives, which frequently have lesser environmental impact, may eventually replace BOPP films in certain applications, particularly as they become more cost competitive.  Furthermore, the cost of BOPP films is heavily influenced by the price of polypropylene, the principal raw material.

OPPORTUNITY

"Expansion of E-Commerce Could be an Opportunity for the Market Growth"

There is probably a sizable possibility for BOPP films given the ongoing expansion of the e-commerce sector and the demand for effective packaging solutions. They may become a popular choice for businesses to improve the packaging of their products because of their adaptability and protective attributes. This is a great opportunity for companies to empower in the creation of eco-friendly BOPP films since the world moves towards sustainability. This can entail looking into bio-based resources, recyclable alternatives, or even improvements to the way these films are recycled.

CHALLENGE

"Consistent Quality Control to Maintain Reputation Could Be a Budding Challenge for Market Growth"

Constant quality control is crucial for manufacturers of BOPP films to preserve their reputation. Inconsistencies or incidents of poor quality can damage the reputation of the entire sector. The expansion of the market can be harmed by negative publicity. Consumer trust might be damaged by inconsistent quality. These films may cause discontent among producers and end users if they perform disconnectedly or fall short of required specifications. The trust must be established and kept in order to continue market growth. Higher rates of rework and product networks are disrupted and operational expenses for firms rise. It may produce inefficiencies that impede the expansion of the market as a whole.

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BOPP MARKET REGIONAL INSIGHTS

• NORTH AMERICA

In North America, the market is witnessing growth due to the high demand for high-quality packaging solutions in the food, pharmaceutical, and other industries. The region’s market share is reinforced by advanced manufacturing potential, a strong focus on sustainability, and stringent regulatory standards for packaging materials. The United States BOPP Market growth is determined by the consumer preference for convenient, lightweight, and eco-friendly packaging options. The U.S. produced 292.4 million tonnes of solid municipal waste in 2018 according to the Environmental Protection Agency (EPA), and held the largest market share and the Canada market is the fastest growing market in the North America region.

• EUROPE

Europe’s market is growing by a high emphasis on zero-waste, reusability, and innovation in packaging technologies. The region gets benefits from a grown-up packaging industry, strict environmental regulations, and high consumer awareness regarding sustainable practices. Germany, France, and the U.K. are major contributors due to the adoption of eco-friendly packaging solutions which is significantly influencing the BOPP film industry growth.

• ASIA

The Asia Pacific region has the largest share in the market. The fast industrial growth and increasing consumer base is attributing the market expansion. The increasing demand for packaged goods in countries such as China, India, and Southeast Asian nations are contributing to the market development. The industry growth in Asia Pacific is further fueled by the expanding middle class, urbanization, and the change towards convenient and sustainable packaging solutions. Additionally, the local presence of key manufacturers and progression in production technologies are improving the region’s leading position.

KEY INDUSTRY PLAYERS

"Key Industry Players Determining the Market through Investing in R&D and Market Strategies"

The key players in the market are investing in research and development activities to innovate and improve the properties of the films to cater the growing demand from the end-user and stay in the competition. There are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

LIST OF TOP BOPP COMPANIES

• BIOFILM (U.S.)
• SRF Limited (India)
• Innovia Films (U.K.)
• Zubairi Plastic Bags Industry LLC (UAE)
• Oben Holding Group (Peru)
• Tempo Group (Indonesia)
• Polyplex Corporation Limited (India)
• Treofan Group (Germany)
• Taghleef Industries (UAE)
• Kopafilm Elektrofolien GmbH (Germany)
• Xpro India Limited (India)
• Dunmore Corporation (U.S.)

KEY INDUSTRY DEVELOPMENT

December 2023: Cosmo Films Limited introduced Metalized Electrical Grade BOPP films. It is specially created for capacitor manufacturing. These films are proposed for applications across electronics appliances, industrial equipment, power electronics, automobiles, electric vehicles, renewable power systems.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The BOPP Market is expecting a constant boom because of the use of nanotechnology in the production of BOPP films and expansion of packaging business. Despite challenges, which include Consistent quality control is crucial for manufacturers of BOPP films to maintain their reputation. The market is intensifying by the adoption of online platforms for expanding their market reach and increasing consumer base. Key industry players are spending in research and development to innovate and improve the properties of the films such as biodegradability, and printability, and supporting the industry’s shift towards sustainability and eco-friendly packaging solutions.