Global Biaxially Oriented Polypropylene (BOPP) Films Market Size, Growth, Analysis, 2032

Biaxially Oriented Polypropylene (BOPP) Films Industry Prospective:

The global biaxially oriented polypropylene (BOPP) films market size was worth around USD 16.83 billion in 2023 and is predicted to grow to around USD 24.91 billion by 2032, with a compound annual growth rate (CAGR) of roughly 4.60% between 2024 and 2032.

Request Free Sample

Biaxially Oriented Polypropylene (BOPP) Films Market: Overview

Biaxially oriented polypropylene (BOPP) films are a widely popular form of plastic-based films with applications in laminating, labeling, and packaging industries. The production process of BOPP includes the extrusion of polypropylene resin to form thin films. The next step involves stretching the film across two perpendicular directions, known as biaxial orientation. The last step is essential for providing durability and strength to the films, making them highly resistant to puncturing, tearing, and other forms of physical damage when exposed to different environments.

According to market research, the demand for BOPP is exceptionally high across the globe, especially in the food packaging sector, due to the versatility of the packaging material in providing necessary protection to stored goods against environmental damage.

For labeling purposes, the material is preferred due to its yield and recyclability characteristics. During the forecast period, the demand for biaxially oriented polypropylene films is expected to grow due to rising investments in end-user applications. The food & beverages industry will emerge as the highest revenue generator. The biaxially oriented polypropylene films industry is projected to face growth restrictions due to the increasing demand for more environmentally friendly packaging materials as well as supply chain disruptions of raw materials.

Key Insights:

• As per the analysis shared by our research analyst, the global biaxially oriented polypropylene (BOPP) films market is estimated to grow annually at a CAGR of around 4.60% over the forecast period (2024-2032)
• In terms of revenue, the global biaxially oriented polypropylene (BOPP) films market size was valued at around USD 16.83 billion in 2023 and is projected to reach USD 24.91 billion by 2032.
• The biaxially oriented polypropylene films market is projected to grow at a significant rate due to the increasing demand for clear packaging solutions in the food & beverages industry.
• Based on application, the flexible packaging segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on end-user industry, the food & beverages segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Biaxially Oriented Polypropylene (BOPP) Films Market: Growth Drivers

Increasing demand for clear packaging solutions in the food & beverages industry to drive market demand

The global biaxially oriented polypropylene (BOPP) films market is expected to grow due to the rising demand for clear packaging solutions in the food & beverages (F&B) industry. BOPP films are known to deliver superior transparency. Hence, they are highly preferred in applications where the product or branding visibility is important, such as food products. Customers can clearly see either the inner branding or the product itself, allowing them to make informed decisions.

The growing demand for packaged food products worldwide will directly impact the application of BOPP films. The growing rate of world population, increasing disposable income, and changing consumption patterns of the general buyers are fueling the demand for novel food items.

For instance, the increased construction of supermarkets & hypermarkets offering a wide range of consumer items, including food products offered by several brands under one roof, has improved accessibility, leading to higher revenue in the F&B industry.

In October 2023, e-commerce giant Amazon announced the launch of Amazon Grocery. It is the company’s latest offering following the grocery concept. The store is built across 3,800 square feet in the North Side neighborhood of Chicago, USA. Amazon is reported to be spending heavily on expanding and experimenting in the supermarket business. On the other hand, food producers are actively allocating resources to experiment with food diversification to attract global audiences.

Rising focus on developing recycled or recyclable BOPP films to create higher market revenue

The global biaxially oriented polypropylene (BOPP) market is projected to generate favorable results due to the growing development of environmentally friendly BOPP solutions. Market players are either investing in manufacturing recycled BOPP or improving the recyclability index of the packaging material.

For instance, RM Tohcello, TOPPAN, and Mitsui Chemicals, three of the leading players in the market, announced a novel partnership focusing on the development of recycled biaxially oriented polypropylene film. The collaboration is expected to become suitable for large-scale production of BOPP films. According to official claims, by 2039, the companies aim to convert 60% of plastic-based packaging to be recycled or reused.

Biaxially Oriented Polypropylene (BOPP) Films Market: Restraints

Environmental impact of plastic packaging industry to limit the industry’s growth rate

The global industry for biaxially oriented polypropylene (BOPP) films is projected to be restricted due to the growing concerns over the environmental impact of plastic packaging solutions. Although BOPP films are considered environmentally friendly, they can cause long-term harm to the environment when mixed with other plastic materials.

Additionally, the lack of a robust and high-functioning supply chain for collecting and recycling BOPP films can further restrict market growth expansion in the coming years.

Biaxially Oriented Polypropylene (BOPP) Films Market: Opportunities

Rising applications in the e-commerce sector to create market growth opportunities

The global biaxially oriented polypropylene (BOPP) films market is projected to generate growth opportunities due to the rising applications of the material in the e-commerce sector. The rapid proliferation of online purchasing for clothes, food, groceries, electronic items, home appliances, and other products has created an urgent need for highly versatile packaging solutions such as BOPP films.

In addition, due to the excessive quantity of packaging products used by the e-commerce sector, online product sellers are encouraged to use more environmentally friendly alternatives such as biaxially oriented polypropylene films. The surging investments in the e-commerce industry worldwide will be beneficial for the producers and suppliers of BOPP films.

In September 2023, the International Finance Corporation (IFC), a World Bank Group member, announced a major investment in ANKA, which is Africa’s leading e-commerce platform. The banking group announced investments worth USD 3.4 million in equity since the new project is expected to create several new job opportunities in the African market. In addition to this, investments are expected to be exceptionally high in emerging economies since they are registering increased and changing consumerism trends.

Biaxially Oriented Polypropylene (BOPP) Films Market: Challenges

Availability of alternatives and supply chain disruptions to challenge market expansion

The global biaxially oriented polypropylene (BOPP) films industry is expected to be challenged by the increasing availability of other alternatives, including an increased supply of eco-friendly solutions. In addition, disruptions in the supply chain of essential raw materials required for producing BOPP or the final goods will further impact the industry’s final revenue rate.

Biaxially Oriented Polypropylene (BOPP) Films Market: Report Scope

Biaxially Oriented Polypropylene (BOPP) Films Market: Segmentation

The global biaxially oriented polypropylene films market is segmented based on application, end-user industry, and region.

Based on the application, the global market segments are labels & tapes and flexible packaging. In 2023, the highest growth was listed in the flexible packaging segment. The increasing applications of BOPP films in packaging food products, as well as consumer electronic items, helped the segment thrive. BOPP films are actively used to print visually appealing information or branding elements due to their excellent clarity. Additionally, they also offer superior protection against environmental factors that can impact food quality. The global flexible packaging market is projected to grow at a CAGR of more than 5% during the forecast period.

Based on the end-user industry, the biaxially oriented polypropylene films industry divisions are personal care & cosmetics, home appliances & consumer electronics, food & beverages, and others. In 2023, the highest demand was listed in the food & beverages segment. According to market analysis, the global F&B sector contributes to nearly 5.49% of global gross domestic product (GDP). The personal care & cosmetics industry is projected to deliver substantial results in the coming years due to growing revenue influenced by the e-commerce industry.

Biaxially Oriented Polypropylene (BOPP) Films Market: Regional Analysis

Asia-Pacific to dominate the market during the forecast period

The global biaxially oriented polypropylene (BOPP) films market will be led by Asia-Pacific during the forecast period. Countries such as India, China, and Japan are projected to emerge as the leading revenue generators. India, for instance, is home to some of the largest producers of BOPP films. It is also a leading consumer of biaxially oriented Polypropylene packaging materials.

In August 2024, JPFL Films Pvt Ltd, one of India’s leading providers of BOPP films, announced its plans to set up a new facility producing BOPP at the rate of 60,000 tonnes per year. The facility will be built using an investment of INR 2.5 billion in Maharashtra state, thus allowing the company to strengthen its hold in the regional and international markets.

In March 2024, TOPPAN Inc., Japan’s prominent manufacturer and supplier of BOPP films, along with TOPPAN Speciality Films Private Limited (TSF), its India-based wing, announced the development of GL-SP. The new barrier film offers significant advantages over other products available in the market. The companies are expected to promote the products as sustainable packaging materials, thus attracting international and domestic buyers.

Biaxially Oriented Polypropylene (BOPP) Films Market: Competitive Analysis

The global biaxially oriented polypropylene (BOPP) films market is led by players like:

• SRF Limited
• Cosmo Films Limited
• Polyplex Corporation Ltd
• Oben Holding Group
• Jindal Poly Films
• Innovia Films
• CCL Industries
• Inteplast Group
• Taghleef Industries
• Dunmore Corporation
• Uflex Limited
• Zhejiang Zhongchen Industrial Group
• Toray Industries Inc.
• Sibur Holdings
• Treofan Group.

The global biaxially oriented polypropylene (BOPP) films market is segmented as follows:

By Application

• Labels & Tapes
• Flexible Packaging

By End-User Industry

• Personal Care & Cosmetics
• Home Appliances 
• Consumer Electronics
• Food & Beverages
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa