Market Overview:

The BOPP And BOPET Films Market size was USD 26.97 billion in 2022. Covid-19's impacts have been unprecedented and staggering on a global scale, with the pandemic leading to negative demand shocks for the BOPP and BOPET films market across all domains and regions. Between 2023 and 2031, the market is projected to grow at a CAGR of 6.21%, from USD 29. 89 billion in 2023 to USD 41.23 billion in 2031. The sudden rise in CAGR is attributed to this market growth returning to the pre-pandemic level once the pandemic is over.

Biaxially orientated polypropylene is known as BOPP, and biaxially oriented polyester is known as BOPET. The global market for these two film types, which are utilized in a variety of industries including food and beverage, pharmaceuticals, personal care, and others, is referred to as the BOPP and BOPET films market. Films made of BOPP and BOPET are renowned for having superior qualities such a high tensile strength, longevity, and resistance to UV radiation, chemicals, and moisture. Because they help to maintain the products' quality and freshness, these characteristics make them perfect for packaging applications.

The production of these films as well as their final uses are covered within the BOPP and BOPET films market's scope. Technology advances, the introduction of new products, and shifting consumer preferences all contribute to the market's fierce competition.

Due to the rising need for flexible packaging solutions, particularly in emerging economies, the BOPP and BOPET films market is anticipated to expand over the next few years. The market is also anticipated to develop as a result of the expansion of e-commerce and the demand for environmentally friendly packaging choices.

Market Drivers:

There are various factors driving the development of the Global BOPP and BOPET films market, including:

Rising Awareness about Hygienic Foods and Growing Packaging Industries are the Primary Driving Factors for the BOPP and BOPET Films Markets

The increasing awareness about food safety and hygiene is leading to a growing demand for packaged food products, especially in developing countries. BOPP and BOPET films are widely used for packaging food products such as snacks, confectionery, and bakery products due to their excellent barrier properties that protect the products from moisture, bacteria, and other contaminants. Moreover, the growing packaging industry, which includes industries such as food and beverage, personal care, and pharmaceuticals, is driving the demand for BOPP and BOPET films.

Growth in the E-Commerce Industry and Growing Demand for Protective Packaging Materials for Drive the Market

The rise of e-commerce has significantly impacted the packaging industry. With more and more people shopping online, there is a growing demand for protective packaging materials that can protect the products during transit. BOPP and BOPET films are used to make a variety of protective packaging solutions, including bubble wrap, void fillers, and cushioning materials. These films provide excellent protection to products during transportation, which is essential for maintaining the quality of the products and reducing the risk of damage. With the e-commerce industry projected to grow further in the coming years, the demand for protective packaging materials made from BOPP and BOPET films is expected to increase as well.

Market Trends:

Increasing demand for sustainable packaging is the trend is more environmentally conscious

As consumers become more environmentally conscious, there is a growing demand for sustainable packaging solutions. BOPP and BOPET films are recyclable and can be used to make eco-friendly packaging options, such as compostable bags. In addition, manufacturers are exploring new ways to make packaging more sustainable, such as using biodegradable materials or reducing the amount of packaging used. This trend towards sustainable packaging is likely to continue in the future as consumers and manufacturers become more aware of the need to reduce waste and minimize the impact of packaging on the environment.

Increasing focus on convenience and user-friendliness are demanding packaging solutions that are easy to use and offer convenience

Consumers are demanding packaging solutions that are easy to use and offer convenience. BOPP and BOPET films are being used to create packaging solutions that are lightweight, flexible, and easy to open and close.

For example, resealable bags made from BOPP films are becoming increasingly popular for snacks and other food products, as they allow consumers to open and close the bag multiple times without compromising the freshness of the product. In addition, BOPET films are used to create shrink sleeves and labels that conform to the shape of the container, making them more attractive and visually appealing to consumers. This trend towards convenience and user-friendliness is likely to continue in the future as consumers look for packaging solutions that fit their busy lifestyles and offer easy and quick access to products.

Market Restraining Factors:

One of the Restraining Factor that can Impact the Growth of the BOPP and BOPET Films Market is the Fluctuations in the Prices of Raw Materials used to Manufacture these Films

The raw materials used in the production of BOPP and BOPET films, such as polypropylene and polyester, are subject to price volatility due to various factors, such as changes in supply and demand, geopolitical tensions, and natural disasters.

Fluctuations in raw material prices can impact the profitability of manufacturers and make it difficult to forecast costs accurately. When the prices of raw materials increase, manufacturers may need to increase the price of their products to maintain their profit margins. However, this can make their products less competitive in the market, especially if alternative packaging materials are available.

On the other hand, if the prices of raw materials decrease, manufacturers may lower the prices of their products to stay competitive. However, this can result in lower profit margins for the manufacturers. In addition, the prices of raw materials may not decrease uniformly across all regions, leading to disparities in production costs for manufacturers in different locations.

Scope of BOPP And BOPET Films Market Report:

A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global BOPP And BOPET Films Market. On the basis of historic growth analysis and current scenario of BOPP And BOPET Films market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global BOPP And BOPET Films market. This further helps users with their developmental strategy.

This report examines all the key factors influencing growth of global BOPP And BOPET Films market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global BOPP And BOPET Films market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.

The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

BOPP And BOPET Films Market Players Analysis:

• Cosmo Films Limited,
• Taghleef Industries,
• CCL Industries,
• Jindal Poly Films,
• Sibur Holdings,
• Zhejiang Kinlead Innovative Materials,
• Inteplast Group,
• Poligal S.A,
• Uflex Ltd,
• Polinas,
• Polibak,
• Toray Industries,

BOPP And BOPET Films Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2023-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

BOPP And BOPET Films Market Segmentation Analysis:

The market scope is segmented on the basis of by type, by application, by grade, by sales channel and by region.

By Type Analysis:

The BOPP and BOPET films market can be segmented by type, based on the type of film used

Wraps: BOPP and BOPET films are widely used as wraps for products such as food, confectionery, and cigarettes. These films provide excellent transparency, gloss, and stiffness to the packaging, ensuring that the product remains fresh and protected from external factors. In addition, BOPP and BOPET wraps can be customized with printing and graphics to enhance the visual appeal of the product.

Bags & Pouches: BOPP and BOPET films are commonly used in the production of bags and pouches, which are used for a wide range of products such as snacks, pet food, and personal care items. These films provide excellent moisture resistance, puncture resistance, and heat sealability, ensuring that the product remains fresh and protected during transportation and storage.

Tapes: BOPP and BOPET films are used to produce adhesive tapes that are widely used in the packaging industry for sealing boxes and cartons. These films provide high tensile strength, excellent adhesion, and resistance to moisture and temperature changes, making them suitable for use in a wide range of applications.

Labels: BOPP and BOPET films are widely used to produce labels for various products such as food, beverages, and personal care items. These films provide excellent printability, resistance to moisture and chemicals, and good dimensional stability, ensuring that the label remains legible and attractive throughout the product's lifecycle. In addition, BOPP and BOPET labels can be customized with a range of finishes, such as matte, gloss, and holographic, to enhance the product's visual appeal.

By Application Analysis:

The BOPP and BOPET films market can also be segmented by application, which includes food & beverage, personal care, pharmaceutical, electrical & electronics, and others.

Food & Beverage: BOPP and BOPET films are extensively used in the food and beverage industry for packaging products such as snacks, confectionery, bakery items, and beverages. These films provide excellent moisture resistance, barrier properties, and transparency, ensuring that the product remains fresh and appealing to consumers. Moreover, BOPP and BOPET films are compatible with various printing and labeling techniques, making them ideal for branding and marketing purposes.

Personal Care: BOPP and BOPET films are used in the production of packaging materials for personal care products such as cosmetics, toiletries, and hygiene products. These films provide high tensile strength, good dimensional stability, and resistance to moisture and chemicals, ensuring that the product remains intact and appealing to consumers. Moreover, BOPP and BOPET films can be customized with a range of finishes, such as matte, gloss, and metallized, to enhance the product's visual appeal.

Pharmaceutical: BOPP and BOPET films are extensively used in the pharmaceutical industry for packaging products such as tablets, capsules, and medical devices. These films provide excellent barrier properties, tamper-evident features, and protection against moisture, light, and oxygen, ensuring that the product remains safe and effective. Moreover, BOPP and BOPET films are compatible with various printing and labeling techniques, making them ideal for branding and regulatory compliance.

Electrical & Electronics: BOPP and BOPET films are used in the production of packaging materials for electrical and electronic products such as cables, wires, and components. These films provide excellent insulation properties, thermal stability, and protection against moisture and chemicals, ensuring that the product remains safe and functional. Moreover, BOPP and BOPET films can be customized with a range of finishes, such as matte, gloss, and antistatic, to enhance the product's performance and durability.

Others: The "others" segment includes applications such as agriculture, construction, and textiles, where BOPP and BOPET films are used for various purposes such as packaging, labelling, and lamination. These films provide excellent properties such as high tensile strength, UV resistance, and durability, ensuring that the product remains safe and attractive to consumers. Moreover, BOPP and BOPET films can be customized with a range of colours, textures, and finishes, making them ideal for a wide range of applications.

By Grade Analysis:

The BOPP and BOPET films market can also be segmented by grade, which is based on the thickness of the film. The different grades of BOPP and BOPET films are as follows:

Below 15 Microns: BOPP and BOPET films with a thickness of below 15 microns are used in applications that require a high degree of flexibility and transparency. These films are used in applications such as food wraps, labels, and tapes, where they provide excellent barrier properties, printability, and processability.

15-30 Microns: BOPP and BOPET films with a thickness of 15-30 microns are used in applications that require a balance between flexibility and stiffness. These films are used in applications such as pouches, bags, and laminates, where they provide excellent barrier properties, printability, and sealability.

30-45 Microns: BOPP and BOPET films with a thickness of 30-45 microns are used in applications that require a high degree of stiffness and durability. These films are used in applications such as packaging for electronics, medical devices, and industrial products, where they provide excellent barrier properties, durability, and dimensional stability.

More than 45 Microns: BOPP and BOPET films with a thickness of more than 45 microns are used in applications that require a very high degree of stiffness and strength. These films are used in applications such as heavy-duty packaging, book covers, and industrial tapes, where they provide excellent mechanical properties, printability, and durability. These films are also used in applications that require high temperature resistance, chemical resistance, and electrical insulation properties.

By Sales Channel Analysis:

Direct/Institutional Sales: Direct or institutional sales involve the sale of BOPP and BOPET films directly to end-users, such as packaging converters, brand owners, and retailers. In this channel, manufacturers have a direct relationship with their customers and can offer customized solutions and technical support. Direct sales can result in higher profit margins for manufacturers, but they require significant investments in marketing, distribution, and customer service.

Indirect Sales: Indirect sales involve the sale of BOPP and BOPET films through intermediaries such as distributors, wholesalers, and agents. In this channel, manufacturers have less direct contact with their end-users but can leverage the distribution network and expertise of intermediaries to reach a wider market. Indirect sales can help manufacturers to reduce their marketing and distribution costs, but they may have less control over pricing, branding, and customer service.

The report also helps in understanding Global BOPP And BOPET Films Market dynamics, structure by analyzing the market segments, and project the Global BOPP And BOPET Films Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global BOPP And BOPET Films Market make the report investor’s guide.

Regional Snapshots:

Here are the regional snapshots for the BOPP and BOPET films market:

North America: North America is a mature market for BOPP and BOPET films, driven by the high demand for food and beverage packaging and labels, as well as the growing demand for sustainable and high-performance films. The US is the largest market in the region, followed by Canada and Mexico.

The US Census Bureau has announced the preliminary estimates of retail and food service sales in the US for July 2022. They were modified to account for differences in holidays, trading days, and seasonal variation but not for pricing variations. It was about flat (0.5%) from the previous month but 10.3% (0.7%) higher than July 2021 at USD 682.8 billion. From May 2022 to July 2022, total sales increased 9.2% (0.5%) over the corresponding period in the previous year. Such circumstances guarantee that the market will expand during the anticipated time frame.

Europe: Europe is a well-established market for BOPP and BOPET films, driven by the high demand for flexible packaging, labels, and tapes, as well as the stringent regulations on food safety and sustainability. Germany, France, Italy, and the UK are the largest markets in the region.

Asia Pacific: Asia Pacific is the largest and fastest-growing market for BOPP and BOPET films, driven by the high demand for food and beverage packaging, personal care products, and electronics, as well as the rapid urbanization and increasing disposable income in emerging economies. China, India, Japan, South Korea, and Southeast Asia are the largest markets in the region.

Middle East and Africa: The Middle East and Africa are emerging markets for BOPP and BOPET films, driven by the growing demand for packaging, labeling, and industrial applications, as well as the favorable government policies and investments in infrastructure. The UAE, Saudi Arabia, South Africa, and Egypt are the largest markets in the region.

Latin America: Latin America is a growing market for BOPP and BOPET films, driven by the high demand for flexible packaging, labels, and tapes, as well as the increasing awareness of sustainability and hygiene. Brazil, Mexico, Argentina, and Colombia are the largest markets in the region.

Global BOPP And BOPET Films Market Regional Analysis:

North America accounted for the highest xx% market share in terms of revenue in the BOPP And BOPET Films market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of BOPP And BOPET Films. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key BOPP And BOPET Films companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global BOPP And BOPET Films Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

BOPP And BOPET Films Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Players Strategies in the Market:

The Competitive Scenario offers a perspective study of the different company growth tactics utilized by the suppliers. The news stories in this part offer insightful information at various stages, keep readers informed about business, and include readers in the economic discussion. The competitive scenario includes press releases or news from companies that are grouped under the following categories: merger and acquisition, agreement, collaboration, and partnership, new product launch and enhancement, investment & funding, and award, recognition, and expansion. All of the news that is gathered enables the vendor to identify market insufficiencies and rivals' strong and weak points, giving them insights into how to improve their goods and services.

Key Industry Developments:

• May 2022 -Innovia Films announced a USD 70 million investment in new film production facilities in Germany. The company's capability to supply the region will be further increased by the installation of a new 8-meter-wide multi-layer co-extrusion line that will produce highly tailored thin gauge label films to meet the rising demand for lower resin content materials driven by sustainability.
• April 2022 - In order to increase injection moulding and enable further integration of post-consumer and post-industrial regrind in high-quality products from the custom structural foam producer, Custom Moulded Plastics, a subsidiary of LLC Inteplast Group, purchased Vantage Products Corporation.
• February 2022 -The debut of Rayo Form EUP60, a white BOPP film for in-mold labelling (IML), has been announced by Innovia Films. The film is ideal for usage on small-to-medium size, thin or thick wall PP or PE containers, offering a tactile "soft-touch" finish after moulding, with very high opacity, high yield product, and a density as low as 0.55 g/cm3.

Report Coverage:

The report will cover the qualitative and quantitative data on the BOPP and BOPET films market. The qualitative data includes latest trends, market player’s analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations::

Points Covered in the Report:

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

To gain insightful analyses of the BOPP And BOPET Films market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the BOPP And BOPET Films market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the BOPP And BOPET Films market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of BOPP And BOPET Films Market:

• Historic year: 2018- 2021
• Base year: 2022
• Forecast: 2023 to 2031
• Representation of Market revenue in USD Million

BOPP And BOPET Films Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: