Biaxially Oriented Films Market - Global Biaxially Oriented Films Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By End User Coverage, By Geographic Coverage and Leading Companies)

Description

Biaxially Oriented (BO) Films Market Set to Reach US$85 Billion by 2030

Market Expected to Grow at a CAGR of 6% Between 2023 and 2030

The global Biaxially Oriented (BO) Films market is poised for substantial growth, with forecasts indicating a remarkable CAGR of 6% from 2023 to 2030. By the end of the decade, the market is expected to soar to a valuation of US$85 billion, up from an estimated US$53 billion in 2022.

Key Trends Fueling BO Films Market Growth

The BO Films market is witnessing significant growth driven by key trends:

Increased Demand for Folding Carton-Board Packaging: A rising trend in the use of folding carton-board packaging across various industries and manufacturer upgrades is boosting the BO Films market. Carton-board packaging is preferred for secondary packaging due to its biodegradability, further enhancing its appeal.

Expansion of the Global FMCG Industry: The rapidly expanding global Fast-Moving Consumer Goods (FMCG) industry is driving the BO Films market, along with the growth of the pharmaceutical and food and beverage sectors.

Strong Market Presence in China: China holds the largest share in the global BO Films market, with increased demand in Asia Pacific, particularly in the food and beverage, pharmaceutical, and cosmetics industries. Consumers prioritize convenience and value in packaged goods, contributing to market growth.

North America's Market Dominance: North America boasts a substantial share in the global BO Films market, attributed to factors such as the expansion of the food industry, government initiatives promoting sustainable packaging, and ongoing advancements in packaging technology.

Challenges and Opportunities

Despite its growth, the BO Films market faces challenges:

Environmental Concerns: Environmental concerns, including plastic pollution, are prompting the need for eco-friendly packaging solutions. BO Films must adapt to these concerns through eco-friendly alternatives and improved recycling processes.

Limited Recycling Infrastructure: The lack of robust recycling infrastructure is hindering BO Films' recyclability. Developing efficient recycling channels is essential for reducing plastic waste and promoting sustainability.

Key Trends and Opportunities

Recyclable and Sustainable Films: Growing environmental awareness has led to increased demand for recyclable and sustainable packaging materials. BO Films that are recyclable and eco-friendly are favored by consumers.

Biodegradable Films: Regulations on plastic waste have prompted the use of biodegradable alternatives, such as BO Films derived from renewable resources, meeting sustainability goals and regulations.

Antimicrobial Films: BO Films with antimicrobial properties inhibit bacteria and pathogens' growth on food products, enhancing food safety and shelf life.

Regional Front-runners

North America: North America leads the BO Films market due to its robust industrial base, innovation focus, and consumer preferences for high-quality packaging.

Asia Pacific: Asia Pacific is the fastest-growing region, driven by population growth, urbanization, cost-effective production, and sustainability trends.

Competitive Landscape

The global BO Films market is consolidated, with major players including Zhejiang Kinlead Innovative Materials Co., Ltd., Jindal Poly Films Limited (JPFL), Taghleef Industries, Treofan Group, Uflex Ltd, and others. Market leaders are introducing new products and expanding distribution channels to enhance their global presence.

1. Executive Summary

1.1. Global Biaxially Oriented (BO) Films Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume/Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output Analysis, 2018 - 2022

3.1. Key Highlights
3.2. Production Output, by Region, 2018 - 2022
3.3. Installed Capacity, by Region

4. Price Trend Analysis, 2018 - 2030

4.1. Key Highlights
4.2. Factors Affecting the BO Films Market
4.3. Prices by Type
4.4. Prices by Region

5. Global Biaxially Oriented (BO) Films Market Outlook, 2018 - 2030

5.1. Global Biaxially Oriented (BO) Films Market Outlook, by Type, Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. BOPP
  - 5.1.1.2. BoPET
  - 5.1.1.3. Misc.
5.2. Global Biaxially Oriented (BO) Films Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Food & Beverages
  - 5.2.1.2. Pharmaceutical
  - 5.2.1.3. Personal Care
  - 5.2.1.4. Electrical & Electronics
  - 5.2.1.5. Tobacco Packaging
  - 5.2.1.6. Misc.
5.3. Global Biaxially Oriented (BO) Films Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Biaxially Oriented (BO) Films Market Outlook, 2018 - 2030

6.1. North America Biaxially Oriented (BO) Films Market Outlook, by Type, Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. BOPP
  - 6.1.1.2. BoPET
  - 6.1.1.3. Misc.
6.2. North America Biaxially Oriented (BO) Films Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Food & Beverages
  - 6.2.1.2. Pharmaceutical
  - 6.2.1.3. Personal Care
  - 6.2.1.4. Electrical & Electronics
  - 6.2.1.5. Tobacco Packaging
  - 6.2.1.6. Misc.
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Biaxially Oriented (BO) Films Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.2. U.S. Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 6.3.1.3. Canada Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 6.3.1.4. Canada Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Biaxially Oriented (BO) Films Market Outlook, 2018 - 2030

7.1. Europe Biaxially Oriented (BO) Films Market Outlook, by Type, Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. BOPP
  - 7.1.1.2. BoPET
  - 7.1.1.3. Misc.
7.2. Europe Biaxially Oriented (BO) Films Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Food & Beverages
  - 7.2.1.2. Pharmaceutical
  - 7.2.1.3. Personal Care
  - 7.2.1.4. Electrical & Electronics
  - 7.2.1.5. Tobacco Packaging
  - 7.2.1.6. Misc.
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Biaxially Oriented (BO) Films Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.2. Germany Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.3. U.K. Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.4. U.K. Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.5. France Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.6. France Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.7. Italy Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.8. Italy Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.9. Russia Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.10. Russia Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 7.3.1.11. Rest of Europe Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 7.3.1.12. Rest of Europe Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Biaxially Oriented (BO) Films Market Outlook, 2018 - 2030

8.1. Asia Pacific Biaxially Oriented (BO) Films Market Outlook, by Type, Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. BOPP
  - 8.1.1.2. BoPET
  - 8.1.1.3. Misc.
8.2. Asia Pacific Biaxially Oriented (BO) Films Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Food & Beverages
  - 8.2.1.2. Pharmaceutical
  - 8.2.1.3. Personal Care
  - 8.2.1.4. Electrical & Electronics
  - 8.2.1.5. Tobacco Packaging
  - 8.2.1.6. Misc.
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Biaxially Oriented (BO) Films Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. China Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.2. China Biaxially Oriented (BO) Films Market by End User, Value (US$ Mn), 2018 - 2030
  - 8.3.1.3. Japan Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.4. Japan Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.5. South Korea Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.6. South Korea Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.7. India Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.8. India Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.9. Southeast Asia Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.10. Southeast Asia Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 8.3.1.11. Rest of Asia Pacific Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 8.3.1.12. Rest of Asia Pacific Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Biaxially Oriented (BO) Films Market Outlook, 2018 - 2030

9.1. Latin America Biaxially Oriented (BO) Films Market Outlook, by Type, Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. BOPP
  - 9.1.1.2. BoPET
  - 9.1.1.3. Misc.
9.2. Latin America Biaxially Oriented (BO) Films Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
- 9.1.2. Key Highlights
  - 9.2.1.1. Food & Beverages
  - 9.2.1.2. Pharmaceutical
  - 9.2.1.3. Personal Care
  - 9.2.1.4. Electrical & Electronics
  - 9.2.1.5. Tobacco Packaging
  - 9.2.1.6. Misc.
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Biaxially Oriented (BO) Films Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 9.3.1.2. Brazil Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 9.3.1.3. Mexico Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 9.3.1.4. Mexico Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 9.3.1.5. Rest of Latin America Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 9.3.1.6. Rest of Latin America Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Biaxially Oriented (BO) Films Market Outlook, 2018 - 2030

10.1. Middle East & Africa Biaxially Oriented (BO) Films Market Outlook, by Type, Value (US$ Mn), 2018 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. BOPP
  - 10.1.1.2. BoPET
  - 10.1.1.3. Misc.
10.2. Middle East & Africa Biaxially Oriented (BO) Films Market Outlook, by End User, Value (US$ Mn), 2018 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. Food & Beverages
  - 10.2.1.2. Pharmaceutical
  - 10.2.1.3. Personal Care
  - 10.2.1.4. Electrical & Electronics
  - 10.2.1.5. Tobacco Packaging
  - 10.2.1.6. Misc.
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Biaxially Oriented (BO) Films Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 10.3.1.2. GCC Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 10.3.1.3. South Africa Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 10.3.1.4. South Africa Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
  - 10.3.1.5. Rest of Middle East & Africa Biaxially Oriented (BO) Films Market Type, Value (US$ Mn), 2018 - 2030
  - 10.3.1.6. Rest of Middle East & Africa Biaxially Oriented (BO) Films Market Application, Value (US$ Mn), 2018 - 2030
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Type vs Application Heatmap
11.2. Manufacturer vs Type Heatmap
11.3. Company Market Share Analysis, 2022
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. Zhejiang Kinlead Innovative Materials Co., Ltd.
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Jindal Poly Films Limited (JPFL)
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. Taghleef Industries
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. Treofan Group
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. Uflex Ltd.
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. Anhui Guofeng Plastic Industry Co., Ltd.
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. Cosmo Films Ltd.
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. Polyplex Corporation Limited
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Financial Overview
  - 11.5.8.4. Business Strategies and Development
- 11.5.9. Sibur International GmbH
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. Toray Plastics (America), Inc.
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Business Strategies and Development
- 11.5.11. Qingdao Kingchuan Packaging
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development
- 11.5.12. Vibac Group S.p.a
  - 11.5.12.1. Company Overview
  - 11.5.12.2. Product Portfolio
  - 11.5.12.3. Financial Overview
  - 11.5.12.4. Business Strategies and Development
- 11.5.13. FlexFilms (USA) Inc
  - 11.5.13.1. Company Overview
  - 11.5.13.2. Product Portfolio
  - 11.5.13.3. Financial Overview
  - 11.5.13.4. Business Strategies and Development
- 11.5.14. FuRong Group Co., Ltd.
  - 11.5.14.1. Company Overview
  - 11.5.14.2. Product Portfolio
  - 11.5.14.3. Financial Overview
  - 11.5.14.4. Business Strategies and Development
- 11.5.15. Ti Plastic Film Limited
  - 11.5.15.1. Company Overview
  - 11.5.15.2. Product Portfolio
  - 11.5.15.3. Financial Overview
  - 11.5.15.4. Business Strategies and Development
- 11.5.16. Garware Polyester Ltd.
  - 11.5.16.1. Company Overview
  - 11.5.16.2. Product Portfolio
  - 11.5.16.3. Financial Overview
  - 11.5.16.4. Business Strategies and Development
- 11.5.17. Copol International Ltd.
  - 11.5.17.1. Company Overview
  - 11.5.17.2. Product Portfolio
  - 11.5.17.3. Financial Overview
  - 11.5.17.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations