The market for biaxially oriented polypropylene (bopp) films is anticipated to increase at a CAGR of 6.5% between 2023 and 2030. BOPP (Biaxially Oriented Polypropylene) sheets are an extensively used thermoplastic polymer for packaging. This polypropylene film is extendable along and across the machine direction. This stretching confers improved printability, low gauge, clarity, flatness, and twist retention to BOPP films. In addition, the film's surface area is flat and it possesses exceptional chemical resistance. BOPP has increased in popularity and demand in recent years because it provides an excellent barrier against water vapor, oil, and grease is recyclable and emits no toxic compounds. In addition, the accompanying benefits of BOPP films have increased the product's marketability in both developing and non-developing industries. Increasing discretionary incomes and increased consumption are enhancing the overall BOPP film industry's revenue. Increasing product consumption in industries such as food, medicines, and cosmetics, among others, has generated product demand with tremendous market potential in the coming years. Nonetheless, strict government regulations regulating the production of BOPP films have provided a substantial barrier to the market's expansion during the aforementioned time frame.
Flexible packaging, or packaging in general, is considered one of the most lucrative sectors due to its extensive use in the food and beverage, personal care, and pharmaceutical industries. Increasing demand for bi-pivotally positioned polypropylene (BOPP) in packaging, marking, printing, and overlay is mostly related to the robust expansion of the aforementioned industries. Additionally, it is expected to coincide with the expansion of the food and beverage business. BOPP is predominantly used in the food industry, and this sector is the primary contributor to the market's volumetric increase. BOPP is utilized in the food sector for packaging and labeling, and the increased popularity of snacks, cakes, bread, ready-to-eat packaged food sources, frozen food sources, and candy shops has affected the need for BOPP in this area.
In addition, the food industry is expected to be the fastest-growing application segment by the conclusion of the forecast period. In view of the increased need for tapes in mechanical packaging, the tapes section of the BOPP market also presents an attractive potential for market leaders. Biaxially structured polypropylene is generally employed in a variety of industries, including the food, tape, tobacco, consumer goods, and clinical sectors. BOPP is utilized extensively in the food and tape sectors due to its significance in the manufacturing of a variety of products. Particularly in the food business, it helps maintain the freshness and extend the shelf life of items. Additionally, the minimal effort and recyclability of bi-axially constructed polypropylene have benefited the company. In addition, increased interest in flexible packaging is expected to contribute to the expansion of this industry. The bi-axially organized polypropylene market is being driven by a number of factors, including a rise in urban population and disposable income.
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The market for biaxially oriented polypropylene films has a lucrative opportunity for expansion due to the increased demand for consumer electronics and electrical items. These biaxially oriented polypropylene sheets are perfect for wrapping wires and cables on account of their superior mechanical and thermal properties. They are considered to be effective wire and cable insulators. The global expansion and growth of the pharmaceutical and cosmetics sectors foster the development of the biaxially oriented polypropylene films industry. Pharmaceuticals and cosmetics can be protected from oxidation using biaxially oriented polypropylene films, which is regarded as the industry's greatest challenge. Considered the most significant growth opportunities for the Biaxially oriented polypropylene films market as a whole, these factors include:
BOPP films have numerous applications, including those in the medical, food & beverage, personal care & cosmetics, tobacco packaging, electrical, and electronic industries. Recent years have witnessed the highest demand for tobacco packaging due to an increase in the number of new product launches and consumer disposable money. BOPP films are in high demand as a result of the availability of higher-quality items and the rise in cigarette consumption among both young and old.
Due to the rising need for packaging materials in the pharmaceutical business, North America held the greatest revenue share in 2021. In addition, the government's efforts to address the issues posed by solid wastes generated from single-use plastics are expected to increase demand for BOPP films among the region's end-users. In 2018, the U.S. Environmental Protection Agency (EPA) estimated that 292,4 million tonnes of municipal solid waste were produced. In addition, plastic trash comprised more than 18% of United States landfills in 2018.
Due to the expansion of end-user sectors such as food and beverage, medical, and personal care, the Asia-Pacific region is predicted to have a higher market growth rate for biaxially oriented polypropylene films. In addition, the packaging and industrial sectors are expanding in the Asia-Pacific region, which is recognized as the primary growth driver for biaxially oriented polypropylene films. In addition, the Asia-Pacific region is experiencing a rise in demand from the retail and e-commerce industries, where Biaxially Oriented Polypropylene films are widely used. Favorable economic conditions and increased disposable income in the Asia-Pacific region encourage packaged goods and the widespread usage of biaxially oriented polypropylene films to wrap food products for moisture preservation and odor retention. Consequently, the demand in the food and beverage industry and the rising trend of e-commerce in Asia-Pacific are propelling the growth of Biaxially Oriented polypropylene films.
The BOPP market is highly fragmented, characterized by the presence of a large number of important companies. KopafilmElektrofolien GmbH, SRF Limited, Chemosvit A.S., Tempo Group, Taghleef Industries, Vibac Group S.p.A., Treofan Group, Rowad Global Packaging Co. Ltd., Zubairi Plastic Bags Industry LLC, Poligal S.A., Futamura Chemical Co., Ltd., Manucor S.p.A., Oben Holding Group, and Zubairi Plastic Bags Industry LLC are among the In And Others.
Please note that this study's featured firms list is not exhaustive.
Vacmet India Ltd. introduced a new product named Alox BOPP film in January 2020. The novel technology provides a high, transparent, and sturdy barrier.
The F-HPF product was introduced by FlexFilms in September 2028. Using proprietary technology, a brand-new type of nylon-replacement film has been developed. The film has remarkable puncture resistance, excellent thermoforming performance, and numerous additional applications.
