Biaxially Oriented Polypropylene Films Market Analysis

Global Biaxially Oriented Polypropylene (BOPP) Films Market Overview

Biaxially Oriented Polypropylene (BOPP) Films Market Size was valued at USD 15.9 Billion in 2023. The Biaxially Oriented Polypropylene (BOPP) Films Industry is projected to grow from USD 16.63 Billion in 2024 to USD 22.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.02% during the forecast period (2024 - 2032). In developed nations, both e-commerce and the demand for flexible and convenient packaging have increased recently, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Biaxially Oriented Polypropylene (BOPP) Films Market Trends

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  Increasing demand for flexible and convenient packaging is driving the market growth

  
  

The demand for adaptable and useful packaging has risen recently in wealthy countries. Additionally, due to the expanding e-commerce trend in developed countries, the market for biaxially oriented polypropylene (BOPP) films has experienced broad expansion. Biaxially oriented polypropylene (BOPP) films are used widely in the food business due to its advantageous qualities, which include sealing ability, durability, moisture barrier, and oxygen barrier capacity. This application is fueling the industry's overall expansion. Additionally, due to their increasing rate of recycleability, Biaxially Oriented Polypropylene (BOPP) Films are being pushed into the major applications in the manufacturing industries.

The BOPP is moisture resistant and provides great clarity, graphic reproduction, and shelf appeal. It offers enormous flexibility for adding printing, laminations, logos, labels, and other branding elements. Due to these characteristics, it is the ideal choice for packaging in the food, beverage, and healthcare industries. Additionally, BOPP has been frequently used in the food business for the packaging of fresh fruits, vegetables, and meats. Increased disposable income in emerging economies and technological developments in online meal delivery will be the main drivers of the demand for packaged meals. This will fuel market expansion and further raise demand for BOPP.

Consumption of packaged goods has increased as a result of the growth of food and beverage e-commerce, the strengthening of the economy, and rising disposable income. Packaged goods require packaging to protect them from contamination and damage. The manufacturing capacity and expansion of the vendor over the projected year are likely to increase as a result of this tendency. Flexible packaging standards are being driven by environmental regulations because adopting flexible packaging as opposed to rigid packaging has considerable environmental benefits. In a case study, the Flexible Packaging Association examined the advantages of using a flexible pouch for the environment. The study found that switching from rigid to flexible packaging resulted in industrial operations using 87% less coal, 64% less crude oil, and 79% less CO2 emissions. Thus, driving the Biaxially Oriented Polypropylene (BOPP) Films market revenue.

Cosmo Films, one of the world’s top companies in specialty film for packaging, labelling, synthetic paper and lamination applications, launched Metalised Electrical grade BOPP films for Capacitor application in December 2023. Different types of AC and DC Capacitors are produced using These Films to be used in manufacturing Capacitors. These are applied in Electronics appliances, Industrial applications, Power Electronics, Automobiles, Electric Vehicles, Renewable Power systems, among other areas.

In 2024 Uflex released a new range of BOPP films with advanced properties for flexible packaging applications.

In 2023 Toray Industries introduced innovative BOPP films designed to enhance packaging performance and durability.

Biaxially Oriented Polypropylene (BOPP) Films Market Segment Insights

Biaxially Oriented Polypropylene (BOPP) Films Material Type Insights

The Biaxially Oriented Polypropylene (BOPP) Films market segmentation, based on material type, includes silica-based, aluminum-based, polymer-based (ethyl vinyl alcohol (EVOH), and others. Silica-based segment dominated the market in 2022. This can be attributed to the growing demand for Biaxially Oriented Polypropylene (BOPP) Films across industry verticals.

Biaxially Oriented Polypropylene (BOPP) Films Production Process Insights

The Biaxially Oriented Polypropylene (BOPP) Films market segmentation, based on production process, includes tenter and tubular. Tenter segment dominated the biaxially oriented polypropylene (BOPP) Films market in 2022. With a line output of 100 to 550 kilogrammes per hour, the tenter method produces BOPP films with a thickness ranging from 8 to 50 micrometres. Very unique film structures are difficult for the classic tenter frame method to process, but they are easy for the double bubble method.

Biaxially Oriented Polypropylene (BOPP) Films Application Insights

The Biaxially Oriented Polypropylene (BOPP) Films market segmentation, based on application, includes wraps, bags, labels, and others. The bags segment dominated the biaxially oriented polypropylene (BOPP) Films market in 2022. High-definition graphics can be printed on water-resistant bags. They function amazingly well when filling paper bags using filling equipment. Bags are rising in popularity due to their accessibility and 100% recyclable nature, which makes them good for the environment.

Figure 1:  Biaxially Oriented Polypropylene (BOPP) Films Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Biaxially Oriented Polypropylene (BOPP) Films End User Industry Insights

The Biaxially Oriented Polypropylene (BOPP) Films market segmentation, based on end user industry, includes fast moving consumer goods (FMCG), medical & pharmaceutical, and industrial. Fast moving consumer goods (FMCG) segment dominated the market in 2022. These components are ideal for use in FMCG packaging since they help avoid product contamination. The market for BOPP films in food packaging is primarily being driven by the rising need for lightweight, compact packaging in baby food and pet food.

Biaxially Oriented Polypropylene (BOPP) Films Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Biaxially Oriented Polypropylene (BOPP) Films market dominated this market in 2022 (45.80%). This is brought on by a growth in demand for BOPP films from numerous end-user companies, including those that package goods for the food, beverage, pharmaceutical, and personal care industries, among others. Due to the low production costs of the product and the availability of cheap labour in the region, it is also anticipated that the market would expand as a result of the presence of significant market participants in countries like China and India. Moreover, China’s Biaxially Oriented Polypropylene (BOPP) Films market held the largest market share, and the Indian Biaxially Oriented Polypropylene (BOPP) Films market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  BIAXIALLY ORIENTED POLYPROPYLENE (BOPP) FILMS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Biaxially Oriented Polypropylene (BOPP) Films Market is expected to register significant growth from 2023 to 2032. This is because packaging materials are increasingly in demand from the pharmaceutical industry. The government's increasing efforts to address the issues with solid wastes brought on by single-use plastics are also expected to stimulate end-user demand for BOPP films in the region. The United States produced 292.4 million tonnes of solid municipal waste in 2018, according to the Environmental Protection Agency (EPA). Additionally, more than 18% of American landfills contained plastic waste in 2018. Further, the U.S. Biaxially Oriented Polypropylene (BOPP) Films market held the largest market share, and the Canada Biaxially Oriented Polypropylene (BOPP) Films market was the fastest growing market in the North America region.

Europe Biaxially Oriented Polypropylene (BOPP) Films market accounted for the healthy market share in 2022. A number of variables, such as increased disposable income, an increase in the working population, and a change in regional eating habits, are predicted to lead to an expansion in the market for biaxially oriented polypropylene (BOPP) films. Further, the German Biaxially Oriented Polypropylene (BOPP) Films market held the largest market share, and the U.K Biaxially Oriented Polypropylene (BOPP) Films market was the fastest growing market in the European region

Biaxially Oriented Polypropylene (BOPP) Films Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Biaxially Oriented Polypropylene (BOPP) Films market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Biaxially Oriented Polypropylene (BOPP) Films Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Biaxially Oriented Polypropylene (BOPP) Films Industry to benefit clients and increase the market sector. In recent years, the Biaxially Oriented Polypropylene (BOPP) Films Industry has offered some of the most significant advantages to medicine. Major players in the Biaxially Oriented Polypropylene (BOPP) Films market, including Cosmo Films Ltd., Jindal Poly Films Limited, TAGHLEEF INDUSTRIES GROUP, Inteplast Group, POLİBAK PLASTİK, SIBUR, Political SA, UFlex Limited, Toray Plastics (America), Inc., SRF Limited, NAN YA PLASTICS CORPORATION, Vacmet India Ltd, Tatrafan, s.r.o, ObenGroup, and FlexFilms, are attempting to increase market demand by investing in research and development operations.

Innovia Medical is a manufacturer and designer of medical equipment with a focus on surgical speciality equipment. The business sells items for ophthalmology, ear, nose, and throat, as well as other medical specialties, to aid physicians in providing better patient care and enhancing clinical outcomes. Innovia released their line of recyclable BOPP Encore films in June 2020. The corporation will be able to reduce its carbon footprint thanks to this product.

Max Speciality Films manufactures and sells a wide range of BOPP films for specialist polymer films. Customers' lamination demands are met by the company's BOPP films, which are utilised for packaging, label printing, and graphic lamination. The fifth BOPP film production line (Line 5) was developed by Max Speciality Films Limited (MSFL) in June 2018, significantly increasing its capacity from 46.35 KTPA to 80.85 KTPA. The goods are made to be ultra-high barrier, recyclable, and print-receptive. The business's product portfolio will be expanded as a result.

Toray Industries planned to boost production levels of its Torayfan biaxially oriented polypropylene (BOPP) film by 40% at Tsuchiura in Japan's Ibaraki prefecture during June 2023 because there is a growing demand for automotive capacitor film from the electric vehicle (EV) sector. The new growth will be done by 2025.

Key Companies in the Biaxially Oriented Polypropylene (BOPP) Films market include

• Cosmo Films Ltd.


• Jindal Poly Films Limited


• TAGHLEEF INDUSTRIES GROUP


• Inteplast Group


• POLİBAK PLASTİK


• SIBUR


• Political SA


• UFlex Limited


• Toray Plastics (America), Inc.


• SRF Limited


• NAN YA PLASTICS CORPORATION


• Vacmet India Ltd


• Tatrafan, s.r.o


• ObenGroup


• FlexFilms

Biaxially Oriented Polypropylene (BOPP) Films Industry Developments

January 2020: Coveris launched CPP Films. The item can be used to package a range of pet foods, foods, and non-food things because it is designed to be versatile. Thanks to this launch, the company will be better equipped to meet client expectations in the packaging industry.

August 2022: SRF Limited announced plans for a second Indore-based BOPP film line and metallizer. It was approved by the company’s board to install another BOPP film line. The aim was to cover the entire spectrum of consumers’ demand on global markets due to the increased BOPP market in India and abroad.

In July 2022, Vacmet India started its third BOPP film line within its Dhar facility not far from Indore. The company’s total capacity of BOPP film has reached 1,20,000 MT per year with a 10.4 meters-wide line with a 55,000 MT annual capacity. With an additional third line for this type of film, the delivery will be faster and a wider product range can be offered due to the capacity increase. The new Bruckner line is fully automated, three-layered, 10.4 meters-long, one with the capability to provide films ranging from 12 to 60 microns thick. The high-speed line accommodates various product combinations since it has automated changeovers.

In July 2023, Innovia Films made an investment in a new coating line at their Wigton site in Great Britain to enable the development of a range of PVC-free films for the graphics sector. Innovia's BOPP (Polypropylene) substrates can be coated with highly specialized coatings by this line.

Biaxially Oriented Polypropylene (BOPP) Films Market Segmentation:

Biaxially Oriented Polypropylene (BOPP) Films Material Type Outlook

• Silica-based


• Aluminum-based


• Polymer-based (Ethyl Vinyl Alcohol (EVOH)}


• Others

Biaxially Oriented Polypropylene (BOPP) Films Production Process Outlook

• Tenter


• Tubular

Biaxially Oriented Polypropylene (BOPP) Films Application Outlook

• Wraps


• Bags


• Labels


• Others

Biaxially Oriented Polypropylene (BOPP) Films End User Industry Outlook

• Fast Moving Consumer Goods (FMCG)


• Medical & Pharmaceutical


• Industrial

Biaxially Oriented Polypropylene (BOPP) Films Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America