According to a report by ChemAnalyst titled “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 witnessed significant growth during the historical period from 2015 to 2022. It is projected to continue expanding at a Compound Annual Growth Rate (CAGR) of 5.11%, reaching a total production volume of 14.5 million tonnes by 2032. The surge in demand from various sectors such as Food Packaging, Tobacco Packaging, Non-Food Packaging, and Industrial applications is poised to drive the growth of the BOPP Film market during the forecast period.
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BOPP films, which stands for Biaxially Oriented Polypropylene Films, are widely used for purposes like packaging, labeling, and lamination. These films have gained prominence in food packaging as a cost-effective alternative to the previously employed cellophane films for cigarettes and snacks. Additionally, their affordability, gas barrier properties, and excellent mechanical and optical characteristics have found application in the pharmaceutical and medical sectors. Flexible packaging solutions like BOPP films have become the preferred choice due to their adaptability, customizability, and sustainability. Their lightweight nature enhances the convenience of transporting goods for consumers.
The demand for ready-to-eat products, such as microwave meals, has been on the rise, leading to a growing need for advanced packaging solutions. The BOPP film, with its health-friendly attributes and cost-effectiveness, dominates the food and beverage industry as the most favored packaging option. Furthermore, the global increase in e-commerce activities, rapid urbanization, and industrialization in recent years have fueled the demand for BOPP films, making them crucial in non-food packaging and industrial applications.
The global BOPP Film market is segmented based on end-use, sales channels, and regions. End-user industries comprise Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial applications, and Others. Among these, Food Packaging accounts for the largest share, with approximately 63% in 2022, and is expected to maintain its dominance. The demand for sustainable packaging materials, such as biodegradable BOPP films for ready-to-eat snacks and dairy products, is anticipated to further boost the market’s growth in the coming years.
Regionally, the Asia Pacific region leads the BOPP Film market with a market share of around 38% in 2022. The increasing per capita income in developing nations like India, China, Japan, and Bangladesh is expected to drive demand for ready-to-eat snacks, dairy products, and other commodities, thereby significantly contributing to the BOPP film market. North America also holds a substantial market share, primarily due to a high proportion of food sales through retail channels. Currently, Italy leads in BOPP Film production capacity and is likely to maintain its market position during the forecast period.
Major players in the global BOPP Film production include 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.
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https://www.chemanalyst.com/industry-report/bopp-films-market-648
Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm affiliated with ChemAnalyst, emphasized, “The continuously increasing demand for BOPP Film in various downstream industries, including Food, Tobacco, Non-Food, and Industrial sectors, is expected to drive market growth during the forecast period. Asia Pacific is foreseen to maintain its dominance due to rapid industrialization and urbanization, which necessitate ready-to-eat products. With new competitors emerging in the Asian films market, monitoring regional market share dynamics becomes critical for industry stakeholders.”
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