Opportunities for the global BOPP film market to reach $26.2 billion by 2025

According to a new market report published by Lucintel, the future of the global BOPP film market looks promising with opportunities in food packaging, non-food packaging, and industrial applications. The global BOPP film market is forecast to reach $26.2 billion by 2025 with a CAGR of 5% from 2020 to 2025. The major drivers for this market are growth in food packaging and increasing need for UV light barrier films.

In this market, various types of BOPP films, such as transparent, metalized, white, and opaque films are used in packaging and industrial applications. Lucintel forecasts that transparent BOPP films will remain the largest segment over the forecast period and it is also expected to witness the highest growth due to increasing demand for transparent films in food industry to provide high level of aesthetic appeal in product packaging.  

Within the BOPP film market, food packaging will remain the largest application over the forecast period due to growing demand for various packaged food products, such as confectionary, biscuits/bakery, snacks, and pasta. Non-food packaging is expected to witness the highest growth due to increasing demand for tobacco products.

Asia Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing demand for food packaging, changing consumer lifestyle, and development of mass retailing.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of PVdC-free high barrier BOPP films and increasing demand for oxi-biodegradable BOPP films. Jindal Poly Films, Cosmo Films., Uflex, Treofan, and Innovia Films are some of the major BOPP film manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global BOPP film market by application, film type, thickness, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global BOPP Film Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global BOPP film market by application, film type, thickness, and region as follows:

By Application [Volume (Kilotons) and $M Shipment Analysis from 2014 to 2025]:

·           Food Packaging

–      Confectionary

–      Biscuits/Bakery

–      Snacks

–      Pasta

–      Other food

·           Non-Food Packaging

·           Industrial

By Film Type [Volume (Kilotons) and $M Shipment Analysis from 2014 to 2025]:

·           Transparent Films

·           Metalized Films

·           White/Opaque 

By Thickness [Volume (Kilotons) and $M Shipment Analysis from 2014 to 2025]:

·         Below 15 micron

·         15 to 30 micron

·         30 to 45 micron

·         Above 45 micron

By Region [Volume (Kilotons) and $M Shipment Analysis from 2014 to 2025]:

·         North America

                United States

              Canada

              Mexico

·         Europe

             Germany

             France

             United Kingdom

·         Asia Pacific

              China

             Japan

              India

·         The Rest of the World

This 200-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include chemical market research reports, chemical industry analysis report, commercial due diligence report, business strategy consulting and market research reports online.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global BOPP film market by film type (transparent films, metalized films, and white/opaque), thickness (below 15 micron, 15 to 30 micron, 30 to 45 micron, and above 45 micron), application (food packaging, non-food packaging, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via product substitution?

Q.11 What M&A activity has occurred in the last five years?