The latest report by IMARC Group, titled “BOPP Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global BOPP films market size reached US$ 20.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Films made of thermoplastic polymers called biaxially orientated polypropylene (BOPP) are frequently used in packaging, laminations, and product labels. Polypropylene film is stretched and flexed in the machine direction (MD) and across the machine direction (AMD) throughout its manufacturing process. Optical clarity, great durability, and exceptional resistance to moisture and oil are just a few of its many benefits. They can also withstand the effects of cold temperatures, flex cracking, and shelf appeal. They may seal and have a homogeneous, monolayer structure. Consequently, BOPP films are widely used in the packaging of food items, personal hygiene goods, medications, and the electrical and electronics sectors worldwide.
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BOPP Films Market Trends and Drivers:
The rising need for effective pharmaceutical packaging solutions is the main factor propelling the global market for BOPP films. Additionally, the growing market growth is being positively impacted by the increasing use of flexible packaging for dairy, ready-to-eat food goods, and other beverages such coffee brews, carbonated sodas, caffeinated drinks, and mixed beverages. The market growth has also been accelerated by the growing use of BOPP films as co-extruded heat sealable and reverse printable film for packaging medications and drugs. This is because the films maintain the nutrition, color, and flavor of the contents while guaranteeing safe and timely transportation of goods in large quantities. In addition, the market is expanding as a result of the development of single-unit and chlorine-free product varieties. The food and beverage (F&B) industry’s rapid expansion, continuous research and development (R&D) efforts, and consumers’ growing desire for easy packaging are some of the other drivers that are expected to fuel market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Wraps
- Bags and Pouches
- Tapes
- Labels
- Others
Breakup by Thickness:
- Below 15 microns
- 15-30 microns
- 30-45 microns
- More than 45 microns
Breakup by Production Process:
- Tenter
- Tubular
Breakup by Application:
- Food
- Beverage
- Tobacco
- Personal Care
- Pharmaceutical
- Electrical and Electronics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Altopro S.A. de C.V.
- Amcor Plc
- Ampacet Corporation
- Chiripal Poly Films Limited
- Clondalkin Flexible Packaging
- Cosmo Films Limited
- Futamura Chemical Co. Ltd.
- Innovia Films Limited (CCL Industries)
- Jindal Poly Films Limited
- Mondi Plc
- Polyplex Corporation Ltd.
- Printpack Holdings Inc.
- Toray Industries Inc.
- Uflex Ltd.
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