DUBLIN, Jan. 27, 2023 /PRNewswire/ — The “Biaxially Oriented Polypropylene (BOPP) Films Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added to ResearchAndMarkets.com’s offering.
The Biaxially Oriented Polypropylene (BOPP) Films Market is expected to expand at a CAGR of 6.5% during the forecast period of 2022 to 2030. BOPP (Biaxially Oriented Polypropylene) sheets are a thermoplastic polymer widely used in packaging. This polypropylene film is extensible in both the machine direction and across machine directions. This stretching provides BOPP films with superior printability, low gauge, clarity, flatness, and retention of twist.
Additionally, the film provides UV resistance with a flat surface area and superior chemical resistance. BOPP has gained popularity and great demand in recent years since it provides an excellent barrier for water vapor, oil, and grease, is recyclable, and emits no harmful substances.
Additionally, the BOPP films’ associated benefits have opened the potential for the product in both developing and non-developing businesses. Increasing disposable incomes and rising consumption are boosting the revenue of the overall BOPP film sector.
Increasing product use by industries such as food, pharmaceuticals, and cosmetics, among others, has created product demand with enormous market prospects for the coming years. However, rigorous government regulation regarding the production of BOPP films has posed a significant obstacle to the market’s growth during the aforementioned time period.
Increased Demand from The Food Industry
Flexible packaging, or packaging in general, is regarded as one of the most lucrative industries due to its wide applicability in the food and beverage, personal care, and pharmaceutical industries. Increasing demand for bi-pivotally positioned polypropylene (BOPP) in packaging, marking, printing, and overlay is mostly attributable to the thriving growth of the aforementioned industries. BOPP finds application primarily in the food industry, and this segment is the primary contributor to the volumetric expansion of the BOPP market. BOPP is used for packaging and labeling in the food industry, and the rising popularity of snacks, cakes, bread, ready-to-eat packaged food sources, frozen food sources, and candy shops has affected the need for BOPP in this industry.
The food sector is also anticipated to be the fastest-growing application segment by the end of the forecast period. In light of the growing need for tapes in mechanical packaging, the tapes segment also offers lucrative opportunities for leading players in the BOPP market.
Increased Adoption Across Industry to Open Significant Opportunities
Globally rising demand for consumer electronics and electrical goods creates a profitable growth opportunity for the biaxially oriented polypropylene films market. Due to their superior mechanical and thermal qualities, these biaxially oriented polypropylene sheets are ideally suited for wrapping wires and cables. They are regarded as good wire and cable insulators.
The global expansion and growth of the pharmaceutical and cosmetic industries create a suitable environment for the advancement of the biaxially oriented polypropylene films business. Biaxially oriented polypropylene films can be used to prevent the oxidation of pharmaceuticals and cosmetics, which is regarded as the industry’s greatest difficulty. These elements are viewed as the most significant growth potential for the Biaxially oriented polypropylene films market as a whole.
Market by Type: The Bags & Pouches Dominated the Market in 2021
The bags & pouches subsegment generated the largest market share in 2021. The BOPP bags and pouches are resistant to water and may be printed with high-resolution images. The segment’s rapid expansion is owing to the fact that it is recyclable and does no environmental impact at a cheap price. BOPP bags & pouches have numerous uses for the packaging of animal feed, pet food, seeds, and other consumer goods, allowing for the potential to reach a broader audience.
Market by Application: Tobacco Packaging Segment Witnessing Market Traction
BOPP films have a variety of uses, including medical, food & beverage, personal care & cosmetics, tobacco packaging, electrical, and electronics. Recent years have seen the largest demand for tobacco packaging due to the rising number of new product launches and the rising disposable income of consumers.
North America Dominates Revenue Share, While APAC Leads the Growth
On account of the pharmaceutical industry’s increasing demand for packaging materials, North America held the largest revenue share in 2021. In addition, the increasing government attempts to address the challenges of solid wastes generated from single-use plastics are anticipated to boost the demand for BOPP films among the region’s end-users. In 2018, the U.S. Environment Protection Agency (EPA) reported the generation of 292,4 million tonnes of solid municipal garbage. In addition, plastic waste comprised more than 18% of landfills in the United States in 2018.
The Asia-Pacific region is anticipated to have a higher market growth rate for Biaxially oriented Polypropylene films because to the increasing growth of end-user industries such as food and beverage, medical, and personal care. Additionally, the packaging and manufacturing industries are growing in the Asia-Pacific area, which is regarded as the key growth stimulant for biaxially oriented polypropylene films. In addition, the Asia-Pacific area is experiencing increased demand in the retail and e-commerce sectors, where Biaxially Oriented Polypropylene films are deployed extensively.
Market Segmentation
Material
Silica-based
Aluminum-based
Polymer-based
Others
Production Process
Tenter
Tubular
Thickness
Below 15 microns
15-30 microns
30-45 microns
More than 45 microns
Type
Wraps
Bags and Pouches
Tapes
Labels
Others
End-User
Fast Moving Consumer Goods (FMCG)
Medical & Pharmaceutical
Companies Mentioned
KopafilmElektrofolien GmbH
SRF Limited
Chemosvit A.S.
Tempo Group
Taghleef Industries
Vibac Group S.p.A.
Treofan Group
Rowad Global Packaging Co. Ltd.
Zubairi Plastic Bags Industry LLC
Poligal S.A.
Futamura Chemical Co. Ltd.
Manucor S.p.A.
Oben Holding Group Inc
For more information about this report visit https://www.researchandmarkets.com/r/vnmuhr
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/biaxially-oriented-polypropylene-bopp-films-market-report-2022-featuring-kopafilmelektrofolien-srf-chemosvit-taghleef–more-301732642.html
SOURCE Research and Markets
Is it the key to better mental health? Or just plain lazy?
Chinese electric vehicle companies are racing ahead on every front, and they may be the biggest threat to Tesla's dominance.
The price per million British Thermal Units is now less than $3, compared with more than $9 as recently as August.
The crypto exchange wants to question its founder’s family as it seeks to locate allegedly misappropriated funds
Asia's richest man is rocked by a U.S. short-seller's allegations of fraud and money laundering.
Is my severance considered income for the IRS income limits on Roth IRA contributions? If I am below the income limit, is there any circumstance where it would be more advantageous to contribute less to my 401(k) and contribute something towards a Roth IRA?
The plane maker’s workforce rose 10% last year, but it will slow the pace of hiring as it continues to work to boost deliveries of its 737 MAX and 787 jetliners.
A new era is about to begin at Toyota. The reasoning of the Japanese behemoth has always been that consumers were not ready to adopt electric vehicles. As a result, Toyota favored a policy of small steps.
Only about half of U.S. workers have access to 401(k) accounts, but even those that do may struggle to save enough to retire.
Earlier this month, the chip maker up its layoffs in Santa Clara from 90 to 201. Now it's increasing them again, and saying it plans even more cuts starting this spring.
BofA Securities Research Analyst, Vivek Arya, discusses Intel's brand presence. You can watch the entire interview here. Key takeaways 00:17: On Intel's brand presence
Oil ends lower on Friday as uncertainty over the outlook for the market climbs ahead of an OPEC+ committee meeting and EU ban on Russia oil products.
Yahoo Finance Live looks at BuzzFeed shares as the media company plans to craft "personalized" content using ChatGPT.
Berkshire Hathaway CEO Warren Buffett's incredible market-beating track record is the stuff of legend. In fact, if you held a $1,000 stake in Berkshire Hathaway on the day that Buffett purchased the company in May 1965, that position would now be worth well over $26 million. With that kind of performance, it's no surprise that many consider Buffett the single best investor in history.
ExxonMobil's quarterly sales, profit likely increased, capping a strong year boosted by high oil and natural gas prices that helped its stock price almost double.
Sony's gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft's $69 billion bid for "Call of Duty" maker Activision Blizzard, a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares to warn Microsoft this week about the potential anti-competitive effects of the U.S. software giant and Xbox maker's acquisition in the biggest gaming industry deal in history. Microsoft is looking to Activision to help it compete better with leaders Tencent and Sony.
Yahoo Finance Live’s Brian Sozzi provides his take on Kimberly-Clark's latest slate of product offerings.
(Bloomberg) — Refinery outages in the US are rippling through the global export markets for oil and forcing producers in Canada to find new buyers to process their crude. Most Read from BloombergHindenburg vs Adani: The Short Seller Taking On Asia’s Richest PersonWe Asked ChatGPT to Make a Market-Beating ETF. Here’s What HappenedNYSE Mayhem Traced to a Staffer Who Left a Backup System RunningHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksCanadian oil sands producers have been p
Industry experts predict the real estate sector will register slowed economic growth in 2023 amid higher-than-average inflation levels and growing recession fears. And real estate investment trusts (REITs) have historically remained well-positioned to weather economic uncertainties. Even though rental rates have been cooling over the past couple of months, they are significantly higher than in 2021. Strong rental pricing should allow properties to improve their balance sheets and liquidity to cu
Hindenburg Research’s bruising report accusing the Adani Group of pulling off “the largest con in corporate history” has rattled India’s stock markets.
source
