Biaxially Oriented Polypropylene (BOPP) Film Global Market Report 2024 by The Business Research Company | Mitsui Chemicals Inc., Toray Plastics Inc., Mondi plc, Inteplast Group, SRF Limited , Uflex Ltd., Winpak Ltd., Taghleef Industries , Jindal Poly Film

The biaxially oriented polypropylene (BOPP) film market size has grown strongly in recent years. It will grow from $27.86 billion in 2023 to $29.56 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to demand for packaging materials, shift towards sustainable packaging solutions, expanding food and beverage industry, shift towards lightweight packaging and consumer.

The biaxially oriented polypropylene (BOPP) film market size is expected to see strong growth in the next few years. It will grow to $38.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing competitive pricing dynamics, increasing disposable income levels and expansion of the cosmetics and personal care. Major trends in the forecast period include advancements in BOPP film technology, integration of smart packaging features, increasing demand for specialty BOPP films and shift towards matte and metallic finishes in BOPP film applications.

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Biaxially Oriented Polypropylene (BOPP) Film Market Major Segments
The biaxially oriented polypropylene (BOPP) film market covered in this report is segmented -

1) By Type: Tenter Method, Bubble Method
2) By Material Type: Silica-Based, Aluminum-Based, Polymer-Based (Ethyl Vinyl Alcohol (EVOH), Other Material Types
3) By Application: Wraps, Bags, Labels, Other Applications
4) By End-User Industry: Fast Moving Consumer Goods, Medical And Pharmaceutical, Industrial

Key Driver - Escalating Cyberattack Incidents Fuel Expansion Of The Digital Risk Management Market

The rise in e-commerce activities is expected to propel the growth of the BOPP film market going forward. E-commerce refers to the buying and selling of goods and services over the internet, often facilitated through online platforms and electronic transactions. E-commerce is thriving due to its convenience, variety, and accessibility, allowing consumers to shop anytime, anywhere, with an extensive range of products at their fingertips. BOPP films offer a combination of strength, versatility, and visual appeal that makes them well-suited for e-commerce packaging needs, enhancing the protection of products and the overall customer experience. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total e-commerce sales were estimated at $1,118.7 billion by 2023, which increased by 7.6% (±1.2%) from 2022, and e-commerce total sales increased by 15.4% in 2023 from 14.7% in 2022. Therefore, the rise in e-commerce activities is driving the BOPP film market growth.

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Prominent Trend - Innovative Barrier-Metallized BOPP Films Revolutionize Packaging Industry

Major companies operating in the BOPP film market are developing barrier-metalized films to meet the growing demand for packaging solutions that offer enhanced barrier properties, extended shelf life, and protection against moisture, oxygen, and other external factors. Barrier metallization is a technique where a thin layer of metal, such as aluminum, is applied to a substrate to form a protective barrier against moisture, gases, or light. For instance, in December 2021, Cosmo Films, an India-based producer of bi-axially oriented polypropylene films, launched enhanced barrier-metalized BOPP film. This metalized BOPP film is engineered for packaging applications requiring exceptional moisture resistance, excellent oxygen barrier properties, and a strong bond with the metal. This is ideal for adhesive lamination with a thickness ranging from 15 to 18 micrometers and serves as a central layer in multilayer laminate constructions.

Biaxially Oriented Polypropylene (BOPP) Film Market Players
Major companies operating in the biaxially oriented polypropylene (BOPP) film market are Mitsui Chemicals Inc., Toray Plastics Inc., Mondi plc, Inteplast Group, SRF Limited , Uflex Ltd., Winpak Ltd., Taghleef Industries , Jindal Poly Films Limited, Kangde Xin Composite Material Group Co, Cosmo Films Ltd., Vibac Group, Treofan Group, LC Packaging International BV, Chiripal Poly Films Ltd., Transcendia Inc., VE TIC A S Polinas Plastik, Terphane Inc., Flex Films Inc., Shantou Weifeng Plastic Industry Co. Ltd., Plastchim-T, Rowad National Plastic Co. Ltd., Oben Holding Group, Innovia Films, Vacmet Ltd.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the biaxially oriented polypropylene (BOPP) film market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biaxially oriented polypropylene (BOPP) film market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Biaxially Oriented Polypropylene (BOPP) Film Market Report Structure
3. Biaxially Oriented Polypropylene (BOPP) Film Market Trends And Strategies
4. Biaxially Oriented Polypropylene (BOPP) Film Market - Macro Economic Scenario
5. Biaxially Oriented Polypropylene (BOPP) Film Market Size And Growth
…..
27. Biaxially Oriented Polypropylene (BOPP) Film Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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