BOPP Film Market Analysis: Industry Growth, Trends, and Projections to 2034

Price- USD 1550, According to Statifacts, The global Biaxially Oriented Polypropylene (BOPP) film market has witnessed significant growth in recent years and is poised for further expansion in the coming decade. The market size, which was valued at USD 32,800 million in 2024, is projected to surpass USD 56,560 million by 2034, reflecting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2034. This growth trajectory is driven by increasing demand across various end-use industries, technological advancements, and the rising preference for sustainable packaging solutions.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

BOPP films are widely used in packaging applications due to their excellent properties such as high clarity, moisture resistance, superior printability, and durability. They find extensive applications in food packaging, labeling, industrial packaging, and pharmaceuticals. The growing need for flexible and lightweight packaging solutions has further fueled the demand for BOPP films globally.

𝐕𝐢𝐞𝐰 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐃𝐚𝐭𝐚𝐬𝐞𝐭@ https://www.statifacts.com/outlook/bopp-film-market

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐅𝐚𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐎𝐏𝐏 𝐅𝐢𝐥𝐦 𝐌𝐚𝐫𝐤𝐞𝐭

Despite the promising growth prospects, the BOPP film market faces certain challenges, including:

Volatility in Raw Material Prices: Fluctuations in the prices of polypropylene, the primary raw material used in BOPP film production, can impact market profitability.

Environmental Concerns: The non-biodegradability of conventional BOPP films raises environmental concerns, necessitating the development of sustainable alternatives.

Competition from Alternative Packaging Solutions: The market faces competition from other flexible packaging materials such as polyethylene and bio-based films.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐯𝐢𝐚 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤@ https://www.statifacts.com/download-product/7711

𝐁𝐎𝐏𝐏 𝐅𝐢𝐥𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Industrial Sector to Drive Market Growth

BOPP films play a pivotal role in various industrial applications, including packaging, lamination, labeling, adhesives, and capacitors. These films are widely used in laminating printed materials such as posters, catalogs, brochures, and packaging boxes, enhancing their appearance, strength, and durability.

January 2024: Cosmo Films, a global leader in specialty films for packaging and labeling applications, introduced metallized electrical evaluation BOPP films for capacitor applications. These films cater to the production of diverse AC and DC capacitors used across multiple industries, including automotive, electric vehicles, electronics, power electronics, and renewable energy systems.

BOPP films, as part of the broader polyolefin chemical family, exhibit excellent compatibility with polyethylene films, ensuring their seamless integration into recycling streams. The use of organoclay and nanocomposite materials has further enhanced BOPP films' barrier properties. Poly(vinyl alcohol) (PVA) and maleic anhydride (MA) have proven to be effective in reducing oxygen permeability, enhancing their functional utility.

Continuous advancements in manufacturing techniques have led to the development of BOPP films with superior attributes such as enhanced seal strength, higher barrier performance, and improved optical clarity, making them increasingly valuable in industrial applications.

According to the Ministry of Statistics and Programme Implementation (MOSPI), India's industrial production index for the manufacturing sector stood at 137.1 in the 2023 financial year, reflecting a 4.7% growth compared to the previous year.

The rapid growth of India's economy has fueled an increasing demand for BOPP films, driven by the expanding retail, pharmaceutical, cosmetic, food, and beverage industries. The booming e-commerce sector is a key consumer of BOPP self-adhesive tapes, valued for their superior mechanical and optical properties.

In response to rising demand and favorable production costs, manufacturers are scaling up their production capacities in India. For example:

Cosmo Films plans to increase its BOPP production capacity to 0.035 million megatons, expected to be operational soon.

Jindal Polyfilms is set to expand its production capacity to 0.044 million megatons.

𝐁𝐎𝐏𝐏 𝐅𝐢𝐥𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐒𝐭𝐮𝐝𝐲

Asia-Pacific: This region is expected to dominate the global BOPP film market due to the presence of major packaging industries in countries like China and India. The rising disposable income and increasing demand for packaged goods are driving the market.

North America: The demand in this region is fueled by the growing preference for sustainable packaging solutions and the strong presence of the food and beverage industry.

Europe: The market in Europe is witnessing growth due to stringent environmental regulations and the increasing adoption of recyclable packaging materials.

Latin America and the Middle East & Africa: These regions are experiencing steady growth due to rising industrialization and the expansion of the retail sector.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

March 2024: TOPPAN Inc., a subsidiary of TOPPAN Holdings Inc., in collaboration with India-based TOPPAN Speciality Films Private Limited (TSF), has developed GL-SP, a barrier film utilizing BOPP as its substrate. The production and sales of GL-SP are set to commence soon. This film is a noteworthy addition to the sustainable packaging portfolio within the TOPPAN Group's GL BARRIER series of transparent vapor-deposited barrier films, which hold a substantial share in the global market.

February 2024: Innovia Films announced the expansion of its floatable polyolefin shrink films product range. The new offering, a low-density white film made from polyolefin (WAPO), retains floatability even when printed. Designed for light-sensitive applications such as dairy, nutritional products, food supplements, and cosmetics, this film enhances light-blocking properties for containers. Production is set to take place at Innovia's European facility in Płock, Poland.

𝐁𝐎𝐏𝐏 𝐅𝐢𝐥𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

Jindal Poly Films Limited
Taghleef Industries
UFlex Limited
Treofan Group
Cosmo Films Ltd.
Polinas
SRF Limited
Polyplex Corporation Limited
Toray Plastics (America), Inc.
Innovia Films
Mondi Group
Inteplast Group
Biaxis
Flex Films
Manucor S.p.A.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗺𝗶𝘁𝘁𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁: https://www.statifacts.com/outlook/industrial-transmitter-market

𝗠𝗼𝗯𝗶𝗹𝗲 𝗣𝗵𝗼𝗻𝗲 𝗔𝗰𝗰𝗲𝘀𝘀𝗼𝗿𝗶𝗲𝘀 𝗣𝗮𝗰𝗸𝗮𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁: https://www.statifacts.com/outlook/mobile-phone-accessories-packaging-market

𝗞𝗿𝗮𝗳𝘁 𝗕𝘂𝗯𝗯𝗹𝗲 𝗠𝗮𝗶𝗹𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁: https://www.statifacts.com/outlook/kraft-bubble-mailer-market

𝗗𝗶𝗿𝗲𝗰𝘁 𝘁𝗼 𝗚𝗮𝗿𝗺𝗲𝗻𝘁 𝗣𝗿𝗶𝗻𝘁𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁: https://www.statifacts.com/outlook/direct-to-garment-printing-market

Statifacts offers subscription services for data and analytics insights. This page provides options to explore and purchase a subscription tailored to your needs, granting access to valuable statistical resources and tools. Access here - https://www.statifacts.com/get-a-subscription

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐃𝐚𝐭𝐚𝐛𝐨𝐨𝐤@ https://www.statifacts.com/order-report/7711

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Ballindamm 22, 20095 Hamburg, Germany
sales@statifacts.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Statifacts is a leading provider of comprehensive market research and analytics services, offering over 1,000,000 market and customer data sets across various industries. Their platform enables businesses to make informed strategic decisions by providing full access to statistics, downloadable in formats such as XLS, PDF, and PNG.

𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐒𝐢𝐭𝐞𝐦𝐚𝐩:https://www.statifacts.com/outlook/sitemap.xml

This release was published on openPR.