According to 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.
Biaxially oriented polypropylene (BOPP) films refer to films stretched in both transverse and machine directions, which generates a bidirectional molecular chain orientation. These films offer an excellent look and finish through optimum gloss and high transparency. BOPP films are considered ideal for food packaging on account of their homogeneous structure, shelf appeal, high clarity, moisture barrier properties, graphic reproduction and sealability. As compared to other plastic films, BOPP films are a better solution due to their lower carbon footprint.
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Market Report
The global BOPP films market is being driven by the requirement for efficient pharmaceutical packaging solutions and rapid growth in the food and beverage (F&B) industry. Apart from this, the increasing adoption of flexible packaging in packing dairy and other beverages, such as carbonated sodas, mixed beverages, coffee brews, and caffeinated drinks, is contributing to the market growth. Other factors, such as technological advancements in the packaging industry and extensive research and development (R&D) activities, are creating a positive outlook for the market further.
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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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