The global BOPP films market was valued at USD 23.55 billion in 2023. The market is projected to grow from USD 24.76 billion in 2024 to USD 38.40 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period.

Polypropylene, when stretched in machine and transverse directions, results in biaxially oriented polypropylene, also commonly known as BOPP films. As per study, the recyclability of BOPP films, along with its robustness, serves it as a major contributor to lower plastic waste. Moreover, its low-weight reduces the packaging material's overall weight, resulting in cost-effective transportation.

Fortune Business Insights has deep-dived into these inputs in its latest research report titled "BOPP Films Market, 2024–2032".

Segments:

Plain Film’s Superior Properties Over its Counterparts make it Market Leader

By type, the market is profiled into plain, matt, metalized, pearlized, and others. BOPP plain films dominate and secured a substantial 57.26% market share in 2023 with plain film’s flexibility and high tear resistance.

Wraps Segments Tops Market Position with Its Moisture Contravention Function

By product type, the market is classified into wraps, tapes & labels. Food and medical products require packaging with moisture resistance and transparency, placing BOPP wraps at the top owing to its increasing preference.

Food Segment Dominates Market Owing to Mounting Demand from Food Industry

By end use, the market is categorized into food [bakery & confectionary, dairy, meat, poultry & seafood, fruits & vegetables, others], tobacco, medical & pharmaceutical packaging, printing & stationery, beverage, and others. The food segment leads the market as the food and beverage sector witnesses a high demand for BOPP films in secure packaging in transit and on the shelf.

Regionally, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

The research report offers a detailed examination of market trends, notable industry developments, and factors favorable for the market’s growth. Moreover, it includes emerging opportunities and challenges within the market. In addition to the above factors, the report also covers key strategies by market players, their positioning, and technological advancements shaping the market landscape.

Drivers and Restraints

Remarkable Qualities of BOPP Films Increases Demand, Fostering Market Growth

Food suppliers prefer BOPP films for packaging owing to their multiple advantages, including extended shelf life for food products, moisture permeability, and food safety. Manufacturing companies diligently focus on meeting the lifestyle of modern people, which is shifting toward health consciousness by developing high-quality biaxially oriented polypropylene films. These films serve as an exemplary substitute for other packaging films by providing food safety during transit.

However, the BOPP films market growth may be impeded as these films need special processing for certain types of packaging.

Regional Insights

Asia Pacific Holds Leadership Position with the Region’s Rising Economy

Asia Pacific leads by capturing the largest BOPP films market share and secured a market capital of USD 9.03 billion in 2023. The surging population and rising economic growth in Japan, India, and China create a positive outlook for the market over the coming years.

Europe stands in second position, following Asia Pacific, powered by the presence of prominent companies producing tobacco and an escalating number of tobacco users.

Competitive Landscape

Key Companies Aim to Increase Consumer Base through Innovations

The highly competitive market houses industry giants, including SRF Limited, CCL Industries, and Taghleef Industries, among many others. Client pool expansion and development of cutting-edge technology to make advancements in BOPP films are predominantly centered on market leaders.

Get More Information: https://www.fortunebusinessinsights.com/bopp-films-market-109631

Key Industry Development

• August 2023: Mitsui Chemicals Tohcello, Toppan, and Mitsui Chemicals unveiled joint pilot testing for horizontal recycling of flexible packaging film to establish operational infrastructure and technologies for recycling flexible packaging materials.

List of Major Players Profiled in the Report:

• Taghleef Industries (UAE)
• SRF Limited (India)
• TORAY INDUSTRIES, INC. (U.S.)
• ObenGroup (Peru)
• UFlex Limited (India)
• NAN YA PLASTICS CORPORATION (Taiwan)
• Polyplex (India)
• Jindal Poly Films Limited (India)
• CCL Industries (copyright)
• FUTAMURA CHEMICAL CO., LTD. (Japan)
• Cosmo Films (India)
• Amcor plc (Switzerland)