According to ChemAnalyst report, “Global BOPP Film Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The global BOPP Film market has expanded remarkably in the historic period of 2015-2022 and is expected to grow at a CAGR of 5.11% reach 14.5 million tonnes during the forecast period and by 2032. The rising demand from Food Packaging, Tobacco Packaging, Non-Food Packaging, and Industrial end-use industries, is expected to swell up the demand for the BOPP Film market in the forecast period.
BOPP films (Biaxially Oriented Polypropylene Films) for packaging, labelling, and lamination. Due to their low cost and required qualities, BOPP films are now employed in food packaging in place of cellophane films, which were formerly used in the packaging of cigarettes and snacks. Due to their low cost, ability to act as a gas barrier, and mechanical and optical qualities, these films have also been utilized in the pharmaceutical and medical industries. Flexible packaging products like BOPP films have become the preferred type of packaging in the area because of its adaptability, ability to be customized, and sustainability. They also offer consumers a convenient shopping experience by making it easier to transport the goods because of their low weight.
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To meet the demands of customers with busy schedules, there is an increasing need for ready-to-eat items like microwave meals. The demand for advanced packaging is rising as a result of growing demand from the markets for filtered water, tea, and carbonated soft drinks. Due to its healthy qualities and low cost, BOPP films are the packaging type that is most commonly used in the food and beverage industry among all the other packaging types. Increasing e-commerce activities, rapid urbanization, and industrialization globally. In the past few years, the increasing industrialization and urbanization and increasing demand from e-commerce activities. With prospects in non-food packaging, industrial applications, and food packaging, the future of the global BOPP film market is bright.
The global BOPP Film market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global BOPP Film market is segmented into Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others. Among these, the Food Packaging is consuming the majority of BOPP Film. In 2022, the food packaging industry consumed approximately 63% of the market and is likely to maintain its dominance in the forecast period. Increased demand for sustainable packaging materials like BOPP film in packaging for ready-to-eat snacks and dairy items owing to its biodegradable nature is anticipated to propel the BOPP film demand in the forthcoming years.
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Regionally, the Asia Pacific region is dominating the BOPP Film market. This region held a market share of approximately 38% in 2022. Growing per-capita income across developing nations such as India, China, Japan, and Bangladesh are anticipated to propel the demand for ready-to-eat snacks, dairy products, and other commodities, which will most likely substantially fuel the BOPP film market. North America also holds considerable market shares. The majority of food product sales in North America are made at retail establishments, which contributes to the market. Currently, Italy holds the maximum capacity for producing BOPP Film and is likely to keep the hold on the market in the forecast period.
“Global BOPP Film Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032” Major players in the production of Global BOPP Film are Cosmo Films Limited, Taghleef Industries, CCL Industries, Jindal Poly Films, Sibur Holdings, Zhejiang Kinlead Innovative Materials, Inteplast Group, Poligal S.A, Uflex Ltd, Polinas, Polibak, Toray Industries, and Others.
“Constantly increasing demand for BOPP Film for packaging purposes used in various downstream industries such as Food, Tobacco, Non-Food, and Industrial, is anticipated to augment the market growth in the forecast period. Asia Pacific is expected to continue its dominance in response to fast-paced industrialization and urbanization which demands for ready-to-eat products. With new competitors emerging across the Asian films market, players anticipate that supply will soon outpace demand soon. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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