This report was recently updated on November 19 2024 with the latest and most recent
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Global Biaxially Oriented Polypropylene (BOPP) Films Market Size, Trends & Analysis - Forecasts to 2026 By Type (Wraps, Tapes, Bags & Pouches, Labels, Others); By Applications (Medical, Food & Beverages, Personal Care & Cosmetics, Tobacco Packaging, Electrical and Electronics, Others); By Region (North America, Europe, Asia Pacific, MEA, CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Biaxially Oriented Polypropylene (BOPP) Films Market Insights
Biaxially oriented polypropylene(BOPP) films is a thermoplastic polymer, used extensively in packaging. This polypropylene film can stretch in the machine direction as well as across machine directions. This stretching offers BOPP films excellent printability, low gauge, clarity, flatness, and twist retention. Also, the film provides resistance from UV with a smooth surface area and supreme resistance from chemicals. According to GME studies, the biaxially oriented polypropylene films market is expected to achieve revenue at a CAGR percentage of 6.1 between the 2020-2026 period.
BOPP received popularity and high demand in recent times as it offers an excellent barrier for water vapor, oil & grease and is recyclable with no leakage of harms into the environment. Also, various associated benefits of the BOPP films have created opportunities for the product in various developing and non-development industries. Growing consumption with increasing disposable incomes is adding value to the revenue to the entire BOPP film market. Growing product adoption by industries such as food, pharmaceuticals, and, cosmetics, among others has generated product demand with huge opportunities for the market in the coming years. However stringent government regulation towards the manufacturing of BOPP films has turned out to be a big challenge for the market to proliferate in the aforementioned period.
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Biaxially Oriented Polypropylene (BOPP) Films Market: By Type
The type of BOPP films can be studied as wraps, tapes, bags & pouches, labels, and others. The bags & pouches segment is estimated to build the highest market in terms of volume within the conjecture timeframe. The BOPP bags & pouches offer water resistance and have the capability to imprint high-resolution graphics on them. The reason behind the notable growth of the segment is due to its recyclable nature with zero environmental damage at an affordable rate. BOPP bags & pouches have a wide range of applications for the packaging of animal feed, pet feed, seeds, and other consumer products thus creating the opportunity to target a wider range of audiences.
Biaxially Oriented Polypropylene (BOPP) Films Market: By Application
BOPP films offer a set of applications such as medical, food & beverages, personal care & cosmetics, tobacco packaging, electrical and electronics, and others. Tobacco packaging has witnessed the highest demand in past recent times due to the increasing number of new product launches and increasing consumer disposable income. The availability of the superior quality of products and rising demand for tobacco in the new and old generations has created a huge demand for BOPP films.
Biaxially Oriented Polypropylene (BOPP) Films Market: By Region
Asia-Pacific has topped the market share table and is expected to grow at the highest CAGR percentage duration in the mentioned period. Increasing demand for the product by countries such as India, Japan, and China has uplifted the entire region’s market in current times. Also growing population in these countries has led to building a huge customer base for the FAMG products and food & beverages which in return build up the BOPP film market. Increasing personal care products with rising innovation projects on the BOPP films is expected to generate the demand and revenue of the BOPP films market in forecast years.
Biaxially Oriented Polypropylene (BOPP) Films Market Share and Competitor Analysis
The key players operating in the market include FlexFilms, ObenGroup, Tatrafan, s.r.o, Vacmet India Ltd, Nan Ya Plastics Corporation, SRF Limited, Toray Plastics, Inc., UFlex Limited, Poligal SA, SIBUR, POL?BAK PLAST?K, Inteplast Group, TAGHLEEF INDUSTRIES GROUP, Jindal Poly Films Limited, and Cosmo Films Ltd. among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2020, Vacmet India Ltd came up with a new product, Alox BOPP film. The new product offers a transparent high barrier with high bond strength.
In September 2028, FlexFilms launched a new product F-HPF. It is a new type of nylon replacement film manufactured with the integration of proprietary technology. The film offers excellent resistance from puncture, good thermoforming performance, and many other applications.
Check the Press Release on Global Biaxially Oriented Polypropylene (BOPP) Films Market Report
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The Global Biaxially Oriented Polypropylene (BOPP) Films Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Biaxially Oriented Polypropylene (BOPP) FilmsMarket.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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