BOPP packaging films market to increase at 5.6% CAGR through 2034
According to a study by Fact.MR, a market research and competitive intelligence firm, the global BOPP (biaxially oriented polypropylene) packaging film market estimated at a value of USD 25.9-billion in 2024 is expected to reach a value of USD 25.9-billion in 2024 and is projected to grow to USD 44.6-billion by 2034.
24 Sep 2024 | By Disha Chakraborty
The increasing demand for BOPP packaging films is primarily driven by their widespread use across industries such as food and beverages, pharmaceuticals, personal care, and consumer goods. BOPP films are favoured for their excellent characteristics, including high tensile strength, clarity, and printability, which make them ideal for various packaging applications.
Increasing popularity of flexible packaging solutions due to their lightweight nature, cost-effectiveness, and capacity to extend product shelf life is boosting demand for BOPP films. With continual technological advancements in production techniques, manufacturers can now offer a comprehensive range of BOPP films adapted to individual packaging requirements, thus broadening the market's size. Also, increasing environmental concerns have resulted in the creation of eco-friendly and recyclable BOPP films, which meet the sustainability requirements of both enterprises and consumers.
Demand for BOPP packaging films is increasing due to a gradual shift toward eco-friendly solutions with recyclable and biodegradable films and a growing emphasis on product safety and integrity.
Developing countries, characterised by rapid industrialisation, urbanisation, and a growing middle class, are increasingly resorting to BOPP packaging films to meet their diverse packaging requirements. Furthermore, as consumers’ focus shifts toward sustainability and eco-friendliness, there is an increasing demand for ecologically conscious packaging solutions in both developed and developing countries.
BOPP films can be designed to suit these objectives by using recycled materials or bio-based polymers, thereby coordinating with global environmental goals and increasing market competitiveness. Growing use of BOPP packaging films in developing countries demonstrates the disruptive impact of globalisation on the packaging industry. By capitalising on this trend, industry participants can position themselves for long-term growth and profitability in a rapidly changing market context.