The research study conducted by Report Ocean on the “ BOPP Film Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global BOPP Film Market is valued approximately USD 29.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2023-2030. BOPP stands for Biaxially Oriented Polypropylene film. It’s a thin, flexible, translucent plastic film that’s widely used in packaging and labelling. BOPP film is made by stretching polypropylene film in two directions, lengthwise and across, to enhance its strength, clarity, and stiffness. This biaxial orientation method also improves moisture resistance, making the film an appropriate material for food packaging. The main drivers of this market are the expansion of food packaging and the growing demand for UV light barrier films. The pharmaceutical and cosmetic industries are also essential end-user industries for BOPP films because the films have excellent sealing properties and act as an excellent oxygen barrier, avoiding oxidation of the chemicals present in medicines and cosmetic items.
Growing consumer demand for small, light-weight packaging is driving the market for BOPP films in food packaging. Food that has been packed or is ready to eat is one of the sectors growing the fastest, especially in urban areas. The accelerated pace of urban life, as well as the sharp growth in wealth and level of living, are driving up the use of packaged foods. According to the most current UN estimate the population of the world has quadrupled in the previous century. There were 1.8 billion people on the planet in 1915, there are 7.3 billion people on the planet right now, and by 2050 that number might increase to 9.7 billion. Global food consumption is increasing as a result of this expansion and increasing wealth in emerging nations (which lead to dietary changes like consuming more meat and protein). Additionally, the expansion of the e-commerce business has raised the demand for long-lasting and safe packing materials that can preserve items throughout transit and also Sustainable packaging solutions are in high demand. BOPP film is recyclable and frequently utilized in the creation of eco-friendly packaging, providing enterprises with an opportunity to create and market sustainable packaging solutions. However, stringent regulates on the manufacture of Biaxially oriented polypropylene films in some countries are projected to hinder the industry’s overall growth.
The key regions considered for the Global BOPP Film Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing as a result of stringent laws and regulations imposed by governments and governing bodies, as well as a shift in consumer preferences towards recyclable and eco-friendly packaging materials, the eco-friendly food packaging industry has been growing. North America is expected to grow significantly during the forecast period, owing to factors such as increasing demand for flexible packaging, BOPP Films, which are adaptable, lightweight, eco-friendly, and efficient packaging materials, are highly preferred for packaging and laminated material applications in the regions, which will drive the market for BOPP Films in the coming years.
Major market player included in this report are:
Jindal Poly Films
Cosmo Films Ltd.
SIBUR
Uflex Limited
Innovia Films
Inteplast Group
KOPAFILMS Elektrofolien GmbH
Zhejiang Kinlead Innovative Materials
Vacmet India
Max Speciality Films
Recent Developments in the Market:
In May 2022, Innovia Films has announced a USD 70 million investment in additional film capacity in Germany. A new 8-meter-wide multi-layer co-extrusion line will create highly designed thin gauge label films to satisfy the expanding, sustainability-driven demand for reduced resin content materials; this will boost the company’s providing capability in the area.
In Feb 2020, Jindal Poly Films, India has authorised an expenditure of USD 99.4 million (IN 700 crores) to expand its operations in India, including the addition of a polyester film plant and a BOPP film line.
Global BOPP Film Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Film Type, Thickness, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Film Type:
Transparent films
Metalized films
White/opaque
By Thickness:
Below 15 microns
15 to 30 microns
30 to 45 microns
Above 45 microns
By Application:
Food packaging
Non-food packaging
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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