BOPP Films: A Market Research Insight into the Global Phenomenon
The BOPP Films industry is growing steadily due to increased packaging demand, preference for convenience, e-commerce growth, and sustainability considerations. Technological advancements also play a role. BOPP (Biaxially Oriented Polypropylene) films are a type of plastic film widely used in various industries. BOPP films are produced through a process called biaxial orientation, which involves stretching the film in both the machine direction (MD) and transverse direction (TD). This orientation enhances the mechanical and optical properties of the film, making it suitable for a range of applications. The global BOPP films market size is projected to grow from USD 24.26 billion in 2020 to USD 31.42 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast year. The BOPP films market has been growing in tandem with the growth in the packaging industry, replacing traditional packaging types, such as metal cans and cartons.
Browse 194 market data Tables and 46 Figures spread through 191 Pages and in-depth TOC on “BOPP Films Market by Type (Wraps, Bags & Pouches, Tapes, Labels), Thickness (Below 15 Microns, 15–30 Microns, 30–45 Microns, More Than 45 Microns), Production Process (Tenter, Tubular), Application, and Region — Global Forecast to 2025″
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The BOPP Films industry primarily serves the packaging sector, where these films are utilized for their excellent clarity, high tensile strength, moisture resistance, and barrier properties. BOPP films are commonly employed in the following end-use industries:
- Food Packaging: BOPP films are extensively used for packaging food products such as snacks, confectionery, bakery goods, and fresh produce. The films provide a protective barrier against moisture, gases, and external contaminants while maintaining product freshness.
- Tobacco Packaging: BOPP films are employed in the packaging of tobacco products, including cigarette overwrap and inner bundling. These films offer excellent sealing properties and ensure the integrity and freshness of the tobacco.
- Labels and Tapes: BOPP films find applications in the labeling industry, where they are used for self-adhesive labels and tapes. The films provide a smooth surface for printing, excellent clarity, and high resistance to abrasion and chemicals.
- Lamination Films: BOPP films are widely used for laminating flexible packaging structures. They act as a protective outer layer, enhancing the durability and appearance of the packaging materials.
- Industrial and Consumer Goods: BOPP films are utilized in various industrial and consumer goods applications. They are used for gift wrapping, flower wrapping, stationery items, adhesive tapes, insulation tapes, and more.
The scope of the BOPP Films industry is significant, driven by the increasing demand for flexible packaging solutions across different sectors. The industry benefits from the versatility of BOPP films, as they can be customized to meet specific requirements in terms of thickness, clarity, heat resistance, and barrier properties.
BOPP Films Market Key Players
C Cosmo Films (India), Taghleef Industries (UAE), CCL Industries (Canada), Jindal Poly Films (India), Inteplast Group (US), and Polibak (Turkey) are the key players operating in the BOPP films market. Expansions & investments, and acquisitions are some of the significant strategies adopted by these key players to enhance their positions in the BOPP films market.
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Jindal Poly Films has continuously expanded its global presence over the years through strategic acquisitions and expansions. The group is involved in diverse businesses, including polyester & polypropylene films, steel pipes, thermal power generation, and photographic products. JPFL is one of the largest manufacturers of BOPET and BOPP films in India. The company has one of the largest BOPP film manufacturing capacities in the world. It also has high R&D capabilities, with several R&D centers in different regions. Its product portfolio for BOPP films is also vast and can cater to the different needs of their customers.
Taghleef Industries (Ti) is one of the largest global manufacturers of biaxially oriented polypropylene films (BOPP), cast polypropylene films (CPP), biaxially oriented polylactic acid, and biodegradable films (BOPLA). Taghleef industries was formed in 2006 by the merger of 3 companies- Technopack (Egypt), AKPP (Oman), and Dubai Poly Films (UAE).
Food is estimated to be the largest segment in the BOPP films market in 2019.
Food, by application, accounted for the most significant demand for bopp films in 2019, in terms of value and volume. The key driver for the BOPP films market in food packaging is the growing demand for compact and lightweight packaging in baby food and pet food. BOPP films are also available for single-time use. In the food industry, BOPP films wraps and pouches are widely used in the packaging of sauces, pet food, ready-to-eat/frozen meal, candies, chocolates, snacks, dried fruits & nuts, and confectionery products.
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The APAC region is projected to account for the largest share in the BOPP films market during the forecast period.
The APAC region is projected to lead the BOPP films market, in terms of both value and volume from 2020 to 2025. According to the World Bank, APAC was the fastest-growing region, in terms of both population and economy. Countries such as India and China are expected to post high growth in the BOPP films market due to the increasing developmental activities and rapid economic expansion.
According to the World Bank, the two economic giants of the APAC region, China and Japan, are the world’s second- and third-largest economies in 2019. In addition to this, the growing population in these countries presents a huge customer base for FMCG products and food & beverages, which in turn, is expected to lead to the growth of the BOPP films market. Changes in packaging styles, innovations in flexible packaging designs, and increase in demand for personal care products due to the rise in the young population are expected to drive the market for BOPP films in this region.
