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BOPP Film Market 2024: Global Insights, Industry Trends, and Growth Forecast

BOPP Film Market 2024

BOPP Film Market 2024

The Business Research Company recently released a comprehensive report on the Global Biaxially Oriented Polypropylene (BOPP) Film Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/biaxially-oriented-polypropylene-bopp-film-global-market-report

Market Drivers and Trends:

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.

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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15520&type=smp

Major Key Players of the Market:

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.

Biaxially Oriented Polypropylene (BOPP) Film Market 2024 Key Insights:

• 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%.
• E-commerce Activities Fuels Growth In BOPP Film Market
• Innovative Barrier-Metallized BOPP Films Revolutionize Packaging Industry
• North America was the largest region in the biaxially oriented polypropylene (BOPP) film market in 2023

We Offer Customized Report, Click @
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Contact Us:

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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