Biaxially Oriented Polypropylene (BOPP) Films Market Research Report - Forecast till 2030

Biaxially Oriented Polypropylene (BOPP) Films Market Research Report: By Type (Wraps, Bags & Pouches, Tapes, Labels, Others), By Application (Food & Beverage, Personal Care & Cosmetics, Medical, Tobacco Packaging, Others) - Forecast to 2030

ID: MRFR/CnM/8751-HCR | February 2021 | Region: Global | 100 pages         

Biaxially Oriented Polypropylene Films Market Speak to Analyst Request a Free Sample

Biaxially Oriented Polypropylene (BOPP) Films Market Overview


According to MRFR analysis, the Biaxially Oriented Polypropylene (BOPP) Films Market is projected to register a CAGR of around 4.6% to reach a value of around USD 20,986 Million by 2027.


The Biaxially oriented polypropylene films are used in the packaging industry, which potentially replaces the metal cans and cartons. Since the consumers are looking for convenient solutions and easier to carry options, the demand for the Biaxially oriented polypropylene films is rapidly increasing. The major applications of Biaxially oriented polypropylene films include pressure-sensitive types, labels, stationery, metalizing, consumer products, and so on. Out of which, the food and beverage industry is considered as the major end-user industry of Biaxially oriented Biaxially oriented polypropylene films industry, as the food and beverage industries are expanding across the globe.


 


The pharmaceutical and cosmetic industries are also considered as the prominent end-user industries of the Biaxially oriented polypropylene films industry as the Biaxially oriented polypropylene films possess excellent sealing properties and act as excellent oxygen barrier that prevents oxidation of the chemicals present in the medicines and cosmetic items. Such factors are considered as the major drivers of Biaxially oriented polypropylene films market growth.


 


COVID 19 Analysis:


 


The COVID 19 has created a huge demand for packaged foods and beverages as a huge population was inclined towards packed food and beverages. Moreover, the demand for contamination resistance has increased during the pandemic. The awareness towards packing the food rightly and the medical appliances and supplies rightly have increased. Such factors have increased the Biaxially oriented polypropylene films market value during the pandemic.


 


Moreover, the potential benefits of the Biaxially oriented polypropylene films such as biodegradability and non-toxic feature of Biaxially oriented polypropylene films are propelling the key end-user industries to utilize them for the key applications. 


 


Market dynamics:


 


Market drivers:


 


The increasing demand for flexible and convenient packaging has grown in recent years across the developed regions. Moreover, the increasing trend of e-commerce across the developed regions has stimulated the overall growth of the Biaxially oriented polypropylene films industry.


 


The intensive utilization of Biaxially oriented polypropylene films in the food industry 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. Moreover, the increasing recyclability rate of the Biaxially oriented polypropylene films is propelling the manufacturing industries to integrate them in the major applications.


 


Market opportunities:


 


The increasing demand for consumer electronics and electrical items across the globe presents a lucrative opportunity for the Biaxially oriented polypropylene films market growth. As these Biaxially oriented polypropylene films exhibit excellent mechanical and thermal properties, they are highly suitable to cover the wire and cables. They are considered excellent insulators of wires and cables.


 


The growth and expansion in the pharmaceutical industry and cosmetic industry across the globe also present a favorable environment for the growth of the Biaxially oriented polypropylene films industry. Oxidation of medicines and cosmetics is considered as the major challenge in these industries, which can be resolved by the Biaxially oriented polypropylene films. Such factors are considered as the major opportunities for the overall growth of the Biaxially oriented polypropylene films industry. 


 


Market restraints:


 


The stringent regulations imposed on the manufacturing of the Biaxially oriented polypropylene films across the developed countries are expected to hinder the overall growth of the Biaxially oriented polypropylene films industry. 


 


The fluctuation in the costs incurred and the scarcity of polypropylene for the production of Biaxially oriented polypropylene films are also expected to hinder the overall growth of the Biaxially oriented polypropylene films industry. 


 


Market challenges:


 


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. 


 


Cumulative growth analysis:


 


The  Biaxially Oriented Polypropylene (BOPP) Films Market is projected to register a CAGR of around 4.6% to reach a value of around USD 20,986 Million by 2027.The Biaxially oriented polypropylene films market demand is increasing owing to the potential properties such as water resistance, lightweight, and higher protection from contamination. 


 


The major end-user of the Biaxially oriented polypropylene films industry is the food and beverage industry, where the demand for protecting the food articles is higher. 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. 


 


Value chain analysis:


 


The Biaxially oriented polypropylene films industry is rapidly growing owing to its intensive utilization in the food and beverage industry. The potential benefits such as moisture barrier properties, sealing properties, durability, sealing ability, and contamination resisting properties are propelling the food industry to utilize in packing processed and fresh food. Moreover, the recycling rate for the Biaxially oriented polypropylene films is higher and can be recycled multiple times, which significantly reduces the landfills. Since major developed countries are promoting eco-friendly products and are developing products that cause minimal environmental impact, the demand for the Biaxially oriented polypropylene films are higher among European countries and across North America.


 


The Biaxially oriented polypropylene films are used for wrapping the carbonated soft drinks and food products. The transparent cling wrap solutions help the food articles to stay fresh for longer and don’t hide the content. 


 


The changing lifestyle and the fast-paced world have elevated the demand for ready-to-eat food and pre-packaged drinks. Similarly, the demand for tapes, bags, and pouches is increasing for packing several consumer products. These Biaxially oriented polypropylene films are tear-resistant and offer brilliant clarity. Therefore the retail packaging sectors are intensively utilizing the Biaxially oriented polypropylene films and thereby promoting the overall growth of the Biaxially oriented polypropylene films industry.


 


Segment overview:


 


Based on Material Type:


 



  • Silica-based

  • Aluminum-based

  • Polymer-based 

  • Others


 


Based on the Production process:


 



  • Tenter

  • Tubular


 


Based on the thickness:


 



  • Below 15 microns

  • 15-30 microns

  • 30-45 microns

  • More than 45 microns


 


Based on Type:


 



  • Wraps

  • Bags and Pouches

  • Tapes

  • Labels

  • Others


 


Based on End-User Industry:


 



  • Fast Moving Consumer Goods (FMCG)

  • Medical & Pharmaceutical


 


Regional analysis:


 


Asia-pacific region is expected to have a higher market growth rate in the Biaxially oriented Polypropylene films industry, this is due to the increasing growth in the end-user industries such as food and beverages, medical, and personal care industries. The packaging and manufacturing industries are also emerging across the Asia-pacific region that is considered as the primary growth-stimulating factor of Biaxially oriented polypropylene films. Moreover, the Asia-pacific region is showcasing higher demand in the retail sector and e-commerce sector, where the Biaxially Oriented Polypropylene films are intensively utilized. 


 


The favorable economic condition and the increasing disposable income across the Asia-pacific region are promoting the packaged foods and the intensive utilization of biaxially oriented polypropylene films to wrap the food products for moisture protection and to prevent the escape of aroma. Therefore the demand in the food and beverage industry combined with the growing trend of e-commerce across Asia-pacific is stimulating the growth of Biaxially Oriented polypropylene films.


 


On the other hand, the demand for the medical supplies and pharmaceutical industry across North America is projecting the overall growth of the biaxially oriented polypropylene films industry. Factors such as increasing disposable income and growth in the working population and the change in the eating habits across the region are some of the major drivers of biaxially oriented polypropylene films market growth.


 


Competitive landscape:


 



  • Cosmo Films Ltd. (India)

  • Jindal Poly Films Limited (India)

  • TAGHLEEF INDUSTRIES GROUP (UAE)

  • Inteplast Group (US)

  • POLİBAK PLASTİK (Turkey)

  • SIBUR (Russia)

  • Political SA (Spain)

  • UFlex Limited (India)

  • Toray Plastics (America), Inc. (US)

  • SRF Limited (India)

  • NAN YA PLASTICS CORPORATION (Taiwan)

  • Vacmet India Ltd (India)

  • Tatrafan, s.r.o (Slovakia)

  • ObenGroup (US)

  • FlexFilms (US)


 


Recent developments:


 


In the year 2019, one of the leading market players, Nahar Polyfilms which is an Indian Based company have declared the expansion of their plant capacity and production unit with the investment of INR 264 Crores. The capacity was aiming to reach over 60,000 MT units. 


 


In the year 2019, one of the leading market players, UFlex Limited has introduced the CuttingEdge packaging that is known as Aespto Eye which is intended to serve the beverages segment. The ripple concave lens and the single-lens technology utilized in the innovation give 3D effects on these aseptic packs.


 


Report overview:


 


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


Segmentation Table:


 


Based on Material Type:


 



  • Silica-based

  • Aluminum-based

  • Polymer-based 

  • Others


 


Based on the Production process:


 



  • Tenter

  • Tubular


 


Based on the thickness:


 



  • Below 15 microns

  • 15-30 microns

  • 30-45 microns

  • More than 45 microns


 


Based on Type:


 



  • Wraps

  • Bags and Pouches

  • Tapes

  • Labels

  • Others


 


Based on End-User Industry:


 



  • Fast Moving Consumer Goods (FMCG)

  • Medical & Pharmaceutical 



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 20,986 Million (2027)
  • 2030: Significant Value
  •   CAGR   4.6% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, By Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Cosmo Films Ltd. (India), Jindal Poly Films Limited (India), TAGHLEEF INDUSTRIES GROUP (UAE), Inteplast Group (US), POLİBAK PLASTİK (Turkey), SIBUR (Russia), Poligal SA (Spain), UFlex Limited (India), Toray Plastics (America), Inc. (US), SRF Limited (India), NAN YA PLASTICS CORPORATION (Taiwan), Vacmet India Ltd (India), Tatrafan, s.r.o (Slovakia), ObenGroup (US), FlexFilms (US)
      Key Market Opportunities

  • The fluctuating costs and availability of polypropylene are expected to hinder the market growth during the review period.\r\n
  • The market players are focused on various strategic initiatives to meet the rising demand for BOPP films
  •   Key Market Drivers

  • Increased demand for flexible packaging\r\n
  • Growing personal care & cosmetics industry


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    • Fast-moving Consumer goods (FMCG) • Medical supplies and the pharmaceutical industry • Food and beverages • Electrical and Electronics • Tobacco • Personal care • Others

    The Biaxially Oriented Polypropylene (BOPP) Films Market is projected to register a CAGR of around 4.6% to reach a value of around USD 20,986 Million by 2027.

    • Cosmo Films Ltd. (India) • Jindal Poly Films Limited (India) • TAGHLEEF INDUSTRIES GROUP (UAE) • Inteplast Group (US) • POLİBAK PLASTİK (Turkey) • SIBUR (Russia) • Political SA (Spain) • UFlex Limited (India)

    • Wraps • Bags and Pouches • Tapes • Labels • Others