PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308694
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308694
Biaxially Oriented Polypropylene Films Market Forecasts to 2030 - Global Analysis By Product, Type, Film Type, Material, Thickness, Technology, Application, End User and By Geography
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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- 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
- Table 1 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Plain Films (2021-2030) ($MN)
- Table 4 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Multi-layer Films (2021-2030) ($MN)
- Table 5 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Food Packaging Grade (2021-2030) ($MN)
- Table 6 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Standard (2021-2030) ($MN)
- Table 7 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Synthetic Paper (2021-2030) ($MN)
- Table 8 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Heat Sealable (2021-2030) ($MN)
- Table 9 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Anti-static Film (2021-2030) ($MN)
- Table 10 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Anti-fogs Film (2021-2030) ($MN)
- Table 11 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Other Products (2021-2030) ($MN)
- Table 12 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Type (2021-2030) ($MN)
- Table 13 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tapes (2021-2030) ($MN)
- Table 14 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Labels (2021-2030) ($MN)
- Table 15 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Bags and Pouches (2021-2030) ($MN)
- Table 16 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Wraps (2021-2030) ($MN)
- Table 17 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Printing & Lamination (2021-2030) ($MN)
- Table 18 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Other Types (2021-2030) ($MN)
- Table 19 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Film Type (2021-2030) ($MN)
- Table 20 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Transparent (2021-2030) ($MN)
- Table 21 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By White/Opaque/Matt (2021-2030) ($MN)
- Table 22 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Metalized (2021-2030) ($MN)
- Table 23 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Material (2021-2030) ($MN)
- Table 24 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Commodity Films (2021-2030) ($MN)
- Table 25 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Polymer-based (2021-2030) ($MN)
- Table 26 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Aluminum-based (2021-2030) ($MN)
- Table 27 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Speciality Films (2021-2030) ($MN)
- Table 28 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Silica-based (2021-2030) ($MN)
- Table 29 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Thickness (2021-2030) ($MN)
- Table 30 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By More than 45 microns (2021-2030) ($MN)
- Table 31 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By 30-45 microns (2021-2030) ($MN)
- Table 32 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By 15-30 microns (2021-2030) ($MN)
- Table 33 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Below 15 microns (2021-2030) ($MN)
- Table 34 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Technology (2021-2030) ($MN)
- Table 35 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tenter Method (2021-2030) ($MN)
- Table 36 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tubular Method (2021-2030) ($MN)
- Table 37 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Application (2021-2030) ($MN)
- Table 38 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Labelling (2021-2030) ($MN)
- Table 39 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Stationery (2021-2030) ($MN)
- Table 40 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Metalizing (2021-2030) ($MN)
- Table 41 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Packaging (2021-2030) ($MN)
- Table 42 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 43 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By End User (2021-2030) ($MN)
- Table 44 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Medical & Pharmaceutical (2021-2030) ($MN)
- Table 45 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Fast Moving Consumer Goods (FMCG) (2021-2030) ($MN)
- Table 46 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Food & Beverage (2021-2030) ($MN)
- Table 47 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Personal Care (2021-2030) ($MN)
- Table 48 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Electrical & Electronics (2021-2030) ($MN)
- Table 49 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Tobacco (2021-2030) ($MN)
- Table 50 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Pharmaceutical (2021-2030) ($MN)
- Table 51 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Printing and Lamination (2021-2030) ($MN)
- Table 52 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Cosmetics (2021-2030) ($MN)
- Table 53 Global Biaxially Oriented Polypropylene (BOPP) Film Market Outlook, By Insulation (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
