[Latest] Global Biaxially Oriented Polypropylene (BOPP)

Austin, TX, USA, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Biaxially Oriented Polypropylene (BOPP) Films Market Size, Trends and Insights By Type (Wraps, Bags & Pouches, Tapes and Labels), By Thickness (Below 15 Microns, 15-30 Microns, 31-45 Microns, More Than 45 Microns), By Application (Food, Beverages, Tabaco, Personal Care, Pharmaceutical, Others), By Vertical (Tenter, Tabular), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Biaxially Oriented Polypropylene (BOPP) Films Market size & share was valued at approximately USD 32.1 Billion in 2022 and is expected to reach USD 33.6 Billion in 2023 and is expected to reach a value of around USD 47.6 Billion by 2032, at a compound annual growth rate (CAGR) of about 5.7% during the forecast period 2023 to 2032.”

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Biaxially Oriented Polypropylene BOPP Films Market: Growth Factors and Dynamics

Increasing Packaging Demand: The growing global demand for flexible and lightweight packaging solutions drives the BOPP films market. BOPP films are widely used in packaging applications due to their excellent clarity, barrier properties, and printability, making them suitable for food, consumer goods, and industrial packaging.

Sustainable Packaging Trends: The shift towards sustainable packaging solutions has prompted the adoption of BOPP films. Being recyclable and having a reduced environmental footprint in comparison to other plastic films, BOPP films align well with the escalating consumer and regulatory pressures for sustainable packaging choices.

Rising Retail and E-commerce Activities: The rise in online shopping and e-commerce has led to increased demand for packaging materials. BOPP films find applications in various aspects of e-commerce packaging, including labels, bags, pouches, and wrapping, contributing to market growth.

Consumer Preference for Attractive Packaging: BOPP films’ excellent printability and ability to create visually appealing packaging designs have made them popular in the consumer goods sector. Brands leverage these films to enhance shelf appeal and differentiate their products in competitive markets.

Emerging Economies and Urbanization: Rapid urbanization and a rising middle-class population in emerging economies have fueled the demand for packaged goods. BOPP films are crucial in meeting this demand due to their versatility, cost-effectiveness, and suitability for various product categories, driving market growth in these regions.

Barrier Properties for Food Preservation: BOPP films exhibit excellent barrier properties against moisture, gases, and odors, making them suitable for extending the shelf life of perishable foods. As consumer demand for convenience and longer-lasting products increases, the utilization of BOPP films in food packaging applications grows, driving market expansion.

Industry Innovation and Product Diversification: Market players continue to innovate and diversify their BOPP film offerings to cater to specific industry needs. Specialized variants like metallized BOPP films for decorative packaging and holographic BOPP films for anti-counterfeiting measures are gaining traction, enabling the industry to address niche market segments and expand its applications.

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Biaxially Oriented Polypropylene BOPP Films Market: Partnership and Acquisitions

Cosmo Films Limited re-brands to Cosmo First Limited: In 2022, Cosmo Films Limited re-brands to Cosmo First Limited. The strategic decision comes considering the company’s business activities have expanded beyond films into specialty chemicals (masterbatches, coatings, and textile chemicals) and D2C Pet care.

Flex Films International sets up five new plants: In 2022, India-based UFlex’s international packaging film arm Flex Films International has embarked on a global expansion drive with new production units in Europe, CIS Region, the Middle East and Africa. The company used a virtual engineering assembly system, body cameras and local training to get the new plants up and running.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 33.6 Billion
Projected Market Size in 2032	USD 47.6 Billion
Market Size in 2022	USD 32.1 Billion
CAGR Growth Rate	5.7% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Thickness, Application, Vertical and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Biaxially Oriented Polypropylene (BOPP) Films report is available upon request; please contact us for more information.)

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Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
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Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
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Biaxially Oriented Polypropylene BOPP Films Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Biaxially Oriented Polypropylene (BOPP) Films Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Disrupted Supply Chains: The pandemic disrupted global supply chains, affecting the availability of raw materials and causing production delays. This hindered the manufacturing and distribution of BOPP films, leading to supply shortages and potential price fluctuations.

Fluctuating Consumer Demand: Changing consumer behaviour during lockdowns and economic uncertainties impacted demand for packaged goods. Industries using BOPP films, such as retail and hospitality, experienced reduced orders, affecting the market’s growth trajectory.

Supply Chain Optimization: Market players focused on building resilient supply chains by diversifying suppliers and adopting digital technologies for real-time tracking. This strategy minimized future disruptions and ensured a steady supply of raw materials.

E-commerce Expansion: The surge in online shopping during the pandemic accelerated the demand for packaging materials, including BOPP films. Companies embraced this trend by supplying e-commerce packaging solutions, offsetting losses from traditional retail.

Innovation in Health and Safety Packaging: As hygiene concerns escalated, packaging for medical supplies and personal protective equipment (PPE) gained importance. BOPP films were utilized for tamper-evident seals, sterile packaging, and medical labels, contributing to market recovery.

Sustainability Emphasis: Post-pandemic, the focus on sustainable packaging intensified. Market players introduced eco-friendly BOPP film options, aligning with consumer preferences for environmentally conscious packaging solutions.

Collaboration and Industry Networking: Market recovery was facilitated through collaborations among industry stakeholders. Manufacturers, suppliers, and distributors collaborated to address challenges collectively, share insights, and strategize for a stronger comeback. Networking and knowledge-sharing played a vital role in adapting to the pandemic’s impact and implementing effective recovery measures within the BOPP Films Market.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Biaxially Oriented Polypropylene (BOPP) Films Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

What is the size of the Biaxially Oriented Polypropylene (BOPP) Films market and what is its expected growth rate?
What are the primary driving factors that push the Biaxially Oriented Polypropylene (BOPP) Films market forward?
What are the Biaxially Oriented Polypropylene (BOPP) Films Industry's top companies?
What are the different categories that the Biaxially Oriented Polypropylene (BOPP) Films Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Biaxially Oriented Polypropylene (BOPP) Films market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Biaxially Oriented Polypropylene BOPP Films Market:

Jindal Poly Films Ltd. (India)
Taghleef Industries Group (UAE)
Cosmo Films Ltd. (India)
Uflex Ltd. (India)
Innovia Films Ltd. (UK)
Toray Industries Inc. (Japan)
Treofan Group (Germany)
Mitsui Chemicals Tohcello Inc. (Japan)
Biofilm S.A. (Spain)
Sibur Holding PJSC (Russia)
Others

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Biaxially Oriented Polypropylene (BOPP) Films Market – Regional Analysis

The Biaxially Oriented Polypropylene (BOPP) Films Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, the Biaxially Oriented Polypropylene (BOPP) Films Market trend is characterized by a strong emphasis on sustainable packaging solutions. With increasing consumer awareness and regulatory pressure, there’s a shift towards recyclable and eco-friendly BOPP films. Brands focus on transparent labelling to convey product information, catering to the region’s environmentally conscious consumers.

Europe: In Europe, the trend centers around innovation in barrier properties. BOPP films with enhanced barriers, offering extended product shelf life, are in demand. Additionally, the circular economy approach drives the use of BOPP films made from recycled materials, aligning with the European Union’s sustainability goals.

Asia-Pacific: Asia-Pacific showcases a surge in e-commerce packaging demand. The region’s booming online retail industry drives the need for protective and visually appealing packaging solutions. BOPP films are preferred for their printability and tamper-evident features, catering to the growing e-commerce market and its packaging requirements.

Latin America, Middle East, and Africa (LAMEA): LAMEA experiences a trend towards cost-effective solutions. BOPP films are adopted for their affordability and versatility in diverse applications. In this region, industries seek practical packaging options that balance protection and cost efficiency, making BOPP films a preferred choice for a wide range of products across sectors.

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The Biaxially Oriented Polypropylene BOPP Films Market is segmented as follows:

By Type

Wraps
Bags & Pouches
Tapes and Labels

By Thickness

Below 15 Microns
15-30 Microns
31-45 Microns
More Than 45 Microns

By Application

Food
Beverages
Tabaco
Personal Care
Pharmaceutical
Others

By Vertical

Tenter
Tabular

Click Here to Get a Free Sample Report of the Global Biaxially Oriented Polypropylene (BOPP) Films Market @ https://www.custommarketinsights.com/report/biaxially-oriented-polypropylene-bopp-films-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Italy
Spain
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Biaxially Oriented Polypropylene (BOPP) Films Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Biaxially Oriented Polypropylene (BOPP) Films Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Biaxially Oriented Polypropylene (BOPP) Films Market? What Was the Capacity, Production Value, Cost and PROFIT of the Biaxially Oriented Polypropylene (BOPP) Films Market?
What Is the Current Market Status of the Biaxially Oriented Polypropylene (BOPP) Films Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Biaxially Oriented Polypropylene (BOPP) Films Market by Considering Applications and Types?
What Are Projections of the Global Biaxially Oriented Polypropylene (BOPP) Films Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Biaxially Oriented Polypropylene (BOPP) Films Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Biaxially Oriented Polypropylene (BOPP) Films Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Biaxially Oriented Polypropylene (BOPP) Films Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Biaxially Oriented Polypropylene (BOPP) Films Industry?

Reasons to Purchase Biaxially Oriented Polypropylene (BOPP) Films Market Report

Biaxially Oriented Polypropylene (BOPP) Films Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Biaxially Oriented Polypropylene (BOPP) Films Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Biaxially Oriented Polypropylene (BOPP) Films Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Biaxially Oriented Polypropylene (BOPP) Films Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Biaxially Oriented Polypropylene (BOPP) Films market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Biaxially Oriented Polypropylene (BOPP) Films market analysis.

The competitive environment of current and potential participants in the Biaxially Oriented Polypropylene (BOPP) Films market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Biaxially Oriented Polypropylene (BOPP) Films market should find this report useful. The research will be useful to all market participants in the Biaxially Oriented Polypropylene (BOPP) Films industry.
Managers in the Biaxially Oriented Polypropylene (BOPP) Films sector are interested in publishing up-to-date and projected data about the worldwide Biaxially Oriented Polypropylene (BOPP) Films market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Biaxially Oriented Polypropylene (BOPP) Films products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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