Biaxially Oriented Polypropylene (BOPP) Films Market | Size, Industry Growth, Share, Future Opportunity Outlook 2027
Research Reports
Apr 19, 2022
Market Overview
The global Biaxially Oriented Polypropylene (BOPP) Films Market is projected to register a CAGR of around 4.6% to reach around USD 20,986 Million by 2027.
The Biaxially oriented polypropylene films market are used in the packaging industry, potentially replacing metal cans and cartons. Since the consumers are looking for convenient solutions and easier to carry options, the demand for the Biaxially oriented polypropylene films is rapidly increasing. The significant applications of Biaxially oriented polypropylene films include pressure-sensitive types, labels, stationery, metalizing, consumer products, etc. The food and beverage industry is considered the primary end-user industry of the Biaxially oriented polypropylene films industry, as the food and beverage industries are expanding across the globe.
The COVID 19 has created a massive demand for packaged foods and beverages as a vast population was inclined towards packed food and beverages. Moreover, the demand and supply for contamination resistance have increased during the pandemic. The growing awareness towards packing the food rightly and the medical appliances and supplies have increased. During the pandemic, such factors have increased the Biaxially oriented polypropylene films market value.
Moreover, the potential benefits of the Biaxially oriented polypropylene films, such as biodegradability and non-toxic feature of Biaxially oriented polypropylene films, are propelling the vital end-user industries to utilize them for critical applications.
The pharmaceutical and cosmetic industries are also considered the prominent end-user industries of the Biaxially oriented polypropylene films industry. The Biaxially oriented polypropylene films possess excellent sealing properties and act as an oxygen barrier that prevents oxidation of the chemicals present in the medicines and cosmetic items. Such factors are significant drivers of Biaxially oriented polypropylene films market growth.
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Market Segmentation
The biaxially oriented polypropylene films market has the following segments:
Based on Material Type:
- Silica-based
- Aluminum-based
- Polymer-based
- Others
Based on the Production process:
- Tenter
- Tubular
Based on the thickness:
- Below 15 microns
- 15-30 microns
- 30-45 microns
- More than 45 microns
Based on Type:
- Wraps
- Bags and Pouches
- Tapes
- Labels
- Others
Based on End-User Industry:
- Fast Moving Consumer Goods (FMCG)
- Medical & Pharmaceutical
Regional Analysis
The Asian Pacific region is expected to grow in the global market industry. It is due to the increasing growth in the end-user industries such as food and beverages, medical, and personal care industries. The packaging and manufacturing industries are also emerging across the Asia-pacific region, which is considered the primary growth-stimulating factor of Biaxially oriented polypropylene films. Moreover, the Asia-pacific region is showcasing higher demand in the retail and e-commerce sectors, where the Biaxially Oriented Polypropylene films are intensively utilized.
Some considerable market players are as follows:
- SIBUR (Russia)
- SRF Limited (India)
- UFlex Limited (India)
- Political SA (Spain)
- Toray Plastics (America), Inc. (US)
- NAN YA PLASTICS CORPORATION (Taiwan)
Industry News
In 2019, one of the leading market players, UFlex Limited, introduced the CuttingEdge packaging known as Aespto Eye, which is intended to serve the beverages segment. The ripple concave lens and the single-lens technology utilized in the innovation to render an excellent experience and give 3D effects on these aseptic packs.
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