IMARC Group, a leading market research company, has recently released a report titled “BOPP Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global BOPP films market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The BOPP Films Industry?
According to the report, 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.
What is BOPP Films?
Biaxially oriented polypropylene (BOPP) films are thermoplastic polymers widely used in producing product labels, laminations, and packaging. They are manufactured by stretching and flexing polypropylene film in the machine direction (MD) and across the machine direction (AMD). They offer several advantages, including superior resistance to moisture and oil, high durability, and optical clarity. They can also resist flex cracking, low-temperature impact, and aesthetic shelf appeal. They have a monolayer or homogenous structure and sealing capabilities. As a result, BOPP films find extensive applications in packaging food products, personal care products, pharmaceuticals, and the electrical and electronics industry across the globe.
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What are the growth prospects and trends in the BOPP Films industry?
The global BOPP films market is primarily driven by increasing demand for efficient pharmaceutical packaging solutions. Moreover, the rising use of flexible packaging for ready-to-eat food products, dairy, and other beverages, such as coffee brews, carbonated sodas, caffeinated drinks, and mixed beverages, is positively influencing the market growth. Additionally, the surging use of BOPP films as co-extruded heat sealable and reverse printable film for packaging medicines and drugs to keep the nutrition, color, and flavor of the contents intact while ensuring prompt and secured transportation of products in bulk quantities has catalyzed the market growth. Furthermore, the development of single-unit and chlorine-free product variants is contributing to the market growth. Other factors, including ongoing research and development (R&D) activities, increasing consumer preference for convenient packaging, and rapid expansion in the food and beverage (F&B) industry, are also anticipated to propel the market growth.
What is included in market 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
Who are the key players operating in the industry?
The report covers the major market players including:
- 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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