The Biaxially Oriented Polypropylene (BOPP) film market size expects a considerable valuation bump, from USD 32.7 billion in 2024 to USD 53.1 billion by 2034. The updated report points to a CAGR of 5.50% from 2024 to 2034. That is a slight rise from the earlier CAGR of 4.90% observed between 2019 and 2023.
| Attributes | Details |
|---|---|
| Market Size, 2023 | USD 31.2 billion |
| Market Size, 2024 | USD 32.7 billion |
| Market Size, 2034 | USD 53.1 billion |
| Value CAGR (2024 to 2034) | 5.50% |
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Continuous Innovations in Barrier Film Properties Cause a Higher Demand
The demand for films that comply with regulations and ensure product integrity is rising. Several industries like food and pharmaceutical packaging want high-performance barrier films. They want to increase the shelf life and preserve product quality. Sustainability is also playing a part in this. These industries are demanding films that can be recycled and are also biodegradable.
Manufacturers are in pursuit of innovations to improve their film offerings. They are improving the barrier technologies that provide protection against moisture, oxygen, and other factors. Nanocomposites and advanced barrier coatings are being added to the films. This makes them useful in demanding applications like vacuum packaging and Modified Atmosphere Packaging (MAP).
BOPP Film Recycling Plans Begin to Take Shape in the Market
The efforts to reduce plastic waste and single-use plastics are increasing. This is evidenced by various regulations put into action by governments. Circular economy concepts are also being employed in various industries, thus leading to a requirement for sustainable end-of-life solutions. These films can be recycled into pellets or flakes which are used to manufacture new products.
Technologies like enzymatic or solvent-based recycling are being explored for this purpose. The market is witnessing a new wave with this trend. Consumer awareness and corporate sustainability initiatives are also playing a key role in the market’s development.
In April 2023, three plastic companies based in Tokyo launched a pilot program to recycle these films. Toppan, Mitsui Chemicals Tohcello, and Mitsui Chemicals collaborated on this project. The 'horizontal' method turns BOPP packaging films back into a new flexible packaging material.
Principal Consultant
| Segment | 15 to 30 Micron (Thickness) |
|---|---|
| Value Share (2024) | 46% |
The 15 to 30 micron thickness segment is in line to hold the top BOPP film market share in 2024. This thickness range is multipurpose and observes its applications in various industries. They are apt for various packaging designs like wraps, labels, bags, and pouches.
This flexibility lifts the demand for films in the 15 to 30 micron range. They also offer a balance between cost and performance. This helps in optimizing packaging costs without compromising on quality. As regulations for food packaging safety are getting stricter, this segment is witnessing a higher demand.
| Segment | Food (End Use) |
|---|---|
| Value Share (2024) | 64% |
The food sector is put forward as the leading end use segment in 2024. Packaged food is being demanded more as the global population is increasing. Portability, convenience, and longer shelf life are becoming important in the packaging of food products.
As such, BOPP film adoption is increasing in the food industry. The rise of home delivery services is particularly shaping the market. These films suited for packaged food delivery are in high demand. Also, the single-serve and on-the-go food packaging formats are getting popular. As a result, sales are rising in food packaging.
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| Countries | Value CAGR (2024 to 2034) |
|---|---|
| United States | 4.90% |
| Germany | 2.90% |
| Japan | 5.90% |
| India | 6.70% |
| Thailand | 4.80% |
The demand in the United States is suggested to surge at 4.90% CAGR through 2034. In America, companies are focusing on domestic manufacturing to make supply chains stronger. This means they need more packaging materials like BOPP films, which are used for packaging products.
Also, there are more brands selling directly to customers, especially online. These brands want their packaging to look cool, so they're using these films because they can make them in different designs. In places like Chicago and New York, consumers are thinking of fresh ways to wrap stuff up, making it look nicer and more appealing.
Treofan Group and Inteplast Group are prominent players in the United States. These businesses focus on acquisitions and partnerships to introduce new products and technologies to the market.
Sales in Germany are slated to increase at 2.90% CAGR till 2034. In Germany, companies are big on making eco-friendly packaging, like BOPP films that can be recycled or composted. They're also getting into making special films for automotive interiors because they need lighter materials.
With the healthcare sector growing, there's a want for good packaging for medicines and medical devices, which these films can provide. Germany is also a hotspot for new packaging ideas, with groups working together to innovate. Plus, it's a good spot to sell to Eastern Europe, where there's a demand for flexible packaging.
BOPP film market growth in Japan is estimated at 5.90% CAGR until 2034. In Japan, where the population is aging at a rapid rate, they prefer easy-to-use packaging like pouches and resealable bags. These films come in handy because they are offered in various shapes and sizes.
Plus, Japanese consumers like packaging that looks appealing, so colorful and attractive designs are a hit. Environmental concerns are also important, so companies use these films made from recyclable materials and eco-friendly methods. Japan's tech-savvy reputation drives continuous innovation in film production, offering improved options for different needs.
Toyobo Co. Ltd and Mitsubishi Chemical Corporation are located in Japan. They focus on honing their expertise in film manufacturing to enter into new markets.
Demand in India is anticipated to surge at 6.70% CAGR through 2034. India's cities are growing fast, and people are buying more packaged stuff like food and personal care items. BOPP films are popular for wrapping these items because they keep them fresh and safe.
The government wants more things to be made in India, so they're helping local companies with incentives and policies. Places like Gujarat and Maharashtra are becoming manufacturing hotspots for BOPP films. This is helping the market expand in India.
Cosmo Films Ltd. is a popular brand in India. The company has a customer-centric approach to growth in the Indian market.
Sales in Thailand are in line to amplify at 4.80% CAGR till 2034. The Thai government helps businesses by giving them support and incentives to grow. This is good for the packaging industry.
People care more about the environment now, so there's a bigger demand for eco-friendly packaging like BOPP films made in Thailand. Also, Thailand has special zones where companies can work together easily, making it even better for making these films. As more people shop online, there's a greater need for packaging that keeps stuff safe and these films satisfy this need.
SCG Chemicals and Thail Film Industries Public Company Limited are located in Thailand. These companies invest in technology upgrades. They make use of their diversified growth strategies to address customer needs.
The market is extremely competitive, with key competitors like Jindal Poly Films Limited, Taghleef Industries, and UFlex Limited dominating. To stay competitive, these organizations prioritize innovation, manufacturing efficiency, and global reach.
There are also regional and niche firms that serve specific markets. Technological innovation, strategic collaborations, and mergers are significant techniques for raising competitiveness in this market.
Recent Developments
| Date | Description |
|---|---|
| December 2023 | Cosmo First Ltd. launched metalized electrical BOPP films for capacitor manufacturing. These films can be used in automobiles, electronics, electric vehicles, industrial equipment, and more. |
| June 2023 | Synthogra launched a new sustainable, transparent BOPP film made from 70% used cooking oil. It is made from bio-based feedstock unfit for consumption. |
| March 2024 | TOPPAN announced its plans to begin its production of BOPP-based GL-SP barrier films in India for sustainable packaging. The company began production in April 2024. The launch is aimed at markets in India, Europe, the Americas, and the ASEAN regions. |
The BOPP film industry is valued at USD 32.7 billion in 2024.
The market is estimated to increase at 5.50% CAGR through 2034.
The BOPP film market is expected to be worth USD 53.1 billion by 2034.
15 to 30 micron thickness range is highly preferred in the market.
The market in India is predicted to expand at 6.70% CAGR through 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness 5.1. Below 15 Microns 5.2. 15 to 30 Microns 5.3. 30 to 45 Microns 5.4. More than 45 Microns 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging Format 6.1. Standup Pouches 6.2. Labels & Tags 6.3. Anti-Counterfeit 6.4. Lamination and Coatings 6.5. Bags 6.6. Wraps 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Food 7.2. Beverages 7.3. Pharmaceuticals 7.4. Industrials 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Altopro S.A. de C.V. 18.2. Amcor Plc 18.3. Ampacet Corporation 18.4. Chiripal Poly Films Limited 18.5. Clondalkin Flexible Packaging 18.6. Cosmo Films Limited 18.7. Futamura Chemical Co. Ltd. 18.8. Innovia Films Limited 18.9. Jindal Poly Films Limited 18.10. Mondi Plc 18.11. Polyplex Corporation Ltd 18.12. Printpack Holdings Inc 18.13. Toray Industries Inc 18.14. Uflex Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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BOPP Film Market
