Biaxially Oriented Polypropylene (BOPP) Films - Global Market Outlook (2021 - 2028)

According to Stratistics MRC, the Global Biaxially Oriented Polypropylene (BOPP) Films Market is accounted for $17.98 billion in 2021 and is expected to reach $29.82 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Polypropylene films that are stretched in cross directions are known as biaxially oriented polypropylene (BOPP). Bi-axially oriented polypropylene (BOPP) is a polypropylene-based film or sheet stretched across two axes in a sequential manner. These films are primarily employed in the food segment for the packaging of frozen food, meat & cheese, pet food, etc. It is also used in adhesive tapes, tobacco packaging, gift packaging, cosmetics packaging, and other applications that initiates the market growth.

Market Dynamics:

Driver:

Strength of the films

The manufacturing process of creating BOPP extrudes and stretches the material in two directions: longitudinally and laterally. This stretching creates a more durable, fatigue-resistant product. Bags made from BOPP handle the loads placed on them while maintaining stability. Plus, BOPP plastic bags hold up to the wear and tear of packaging, loading, and transport. The abuses of machines used to move products are no match for this woven material. Strength also means the product becomes resistant to contamination, microbes, and airborne pollution when stored in a BOPP bag. Nothing gets in. Finally, in the hands of a consumer, bag strength matters. While a buyer may not notice how rugged a bag is, he or she notes when one breaks, sags, or gets soggy due to the weather. The woven, fabric-like makeup of BOPP bags makes them durable and weather resistant which ends consumer frustration and protects the user reputation.

Restraint:

Poor sealing of the film

One of the major disadvantages that this film proposes is that the sealing is poor. There is a high range of crystalline nature in Biaxially Oriented Polypropylene film which means when the plastic crystals, it alters the aesthetics making it hazy, and also can alter the structure of it. This plastic film has low surface energy, which means even though it is used for printing on; it doesn't hold ink very well, making the print result poor quality. Since plastics are insulators, they are poor conductors of electricity. These particles that are drawn to the charge can cause problems in certain situations such as medical applications and electronics. These particles are not easily removed because of the static charge, and no washing or blowing on the parts will dislodge them, which is why it is important to have preventative measures in place.

Opportunity:

Environmentally friendly properties of BOPP

Cutting waste and recycling efforts boost revenues and decrease the consumer company's carbon footprint. Made with polypropylene, BOPP films are recyclable (although not biodegradable). With the quantity required in the agricultural community, this fact saves landfills. But they are also reusable which adds an environmental and cost bonus. Furthermore, the Environmental Working Group rates polypropylene as a low to moderate hazard. The dope-dyed method of printing bags requires no water and thus requires no wastewater disposal.

Threat:

Stringent regulations and non- biodegradable nature

The declining growth of the major end-user industries such as tobacco packaging, which is hindered due to the stringent regulations imposed by the government of developed regions, is the major challenge of the biaxially oriented polypropylene films industry. Although the Biaxially oriented polypropylene films are recyclable, they are not biodegradable. If the recycling cycles are completed they are considered as landfills and can't be used. Such a factor is considered as the major challenge for the overall growth of the biaxially oriented polypropylene films industry.

The flexible packaging segment is expected to be the largest during the forecast period

The flexible packaging segment is estimated to have a lucrative growth. The increasing demand for flexible and convenient packaging has grown in recent years across the developed regions. The intensive utilization of biaxially oriented polypropylene films in the food industry as flexible packaging is propelling the overall growth of the Biaxially oriented polypropylene films industry which is because of the beneficiary properties such as sealing ability, durability, moisture barrier, oxygen barrier capacity. The increasing demand for compact and lightweight packaging and convenient packaging in the food industry is higher. Applications such as wraps, pouches, for packing the sauces, pet food, ready to eat food, and frozen meal and meat are rapidly increasing. Moreover, they are water-resistant, which enables higher printing capability.

The bags & pouches segment is expected to have the highest CAGR during the forecast period

The bags & pouches segment is anticipated to witness the fastest CAGR growth during the forecast period. BOPP bags & pouches primarily find applications in the packaging of cereal & pulses, pet food, grass seed, animal nutrition, fertilizers, beverages, dairy products, and cosmetics. BOPP bags & pouches are water resistant and have the capacity to print high resolution graphics on them. They perform extremely well with paper bag filling equipment. The acceptance of BOPP bags & pouches is rising in as they are cost-effective and 100% recyclable, which makes them environment friendly. BOPP bags & pouches offer high aesthetic value that adds an extra promotional feature to the products packaged in them. These bags & pouches can be stacked easily and have high tensile strength and barrier properties.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the growing demand for packaging materials in the pharmaceutical industry. Furthermore, the increasing government initiatives to curb the issues of solid wastes generated from single-use plastics, is estimated to encourage the demand for BOPP films among the end-users in the region. Factors such as increasing disposable income and growth in the working population and the change in the eating habits across the region are also some of the major drivers of biaxially oriented polypropylene films market growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the growing demand for BOPP films amongst various end-user industries such as food & beverages, medicine and personal care goods among others, for packaging their manufactured products. Moreover, presence of leading market players in countries, such as India and China, owing to the low manufacturing costs of the product and availability of cheap labor in the region is estimated to drive the growth of the market. The growing population in these countries presents a huge customer base for FMCG products and food & beverages, which in turn, is expected to lead to the growth of the BOPP films market. Changes in packaging styles, innovations in flexible packaging designs, and increase in demand for personal care products due to the rise in the young population are expected to drive the market for BOPP films in this region.

Key players in the market

Some of the key players profiled in the Biaxially Oriented Polypropylene (BOPP) Films Market include Biofilm SA, CCL Industries, Cosmo Films, Innovia Films, Inteplast Group, Jindal Poly Films, Oben Holding Group, Polibak, Polyplex Corporation Ltd, SRF Limited, Taghleef Industries, Tatrafan SRO, Toray Industries Inc, Trefan Group, and Uflex Ltd.

Key Developments:

In June 2020, Innovia Films launched a new family of films. The new, highly functional, and recyclable BOPP films are being marketed under the brand name, Encore. One is expected to be a low-temperature heat seal film for packaging, while the other is targeted at pressure-sensitive labeling applications.

In February 2020, Jindal Poly Films approved an investment of USD 99.4 million (INR 700 crores) for the expansion of its company's operations in India, adding a polyester film line and BOPP film line.

In January 2019, Taghleef Industries announced that it had completed the transaction to acquire Biofilm, one of Latin America's leading manufacturers of BOPP films for flexible packaging, labels, and industrial applications.

Film Types Covered:

• Metalized
• Transparent
• White/Opaque/Matt

Products Covered:

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

Packaging Types Covered:

• Printing & Lamination
• Bags & Pouches
• Labels
• Wraps
• Tapes

Thickness Covered:

• Below 15 Micron
• 15 to 30 Micron
• 30 to 45 Micron
• Above 45 Micron

Material Types Covered:

• Speciality Films
• Commodity Films
• Silica-based
• Aluminum-based
• Polymer-based Ethyl Vinyl Alcohol (EVOH)

Technologies Covered:

• Tubular/Bubble Method
• Tenter Method

Applications Covered:

• Flexible Packaging
• Industrial
• Electrical & Electronics
• Medical and Health Care Product Packaging
• Personal Care & Cosmetics
• Pharmaceuticals
• Fast Moving Consumer Goods (FMCG)

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 2020, 2021, 2022, 2025, and 2028
• 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