The Future of BOPP Films: Emerging Trends and Worldwide Debates for 2024

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As we advance into 2024, the BOPP films industry is experiencing a dynamic period of growth and innovation, driven by emerging trends and global discussions focused on sustainability and performance enhancement. One of the key trends this year is the development of advanced BOPP films with improved barrier properties, such as enhanced oxygen and moisture resistance, to meet the rising demand for longer shelf-life packaging in the food and beverage sector. Innovations in the production of BOPP films are also exploring the integration of recycled materials and the creation of biodegradable films to address environmental concerns and reduce plastic waste. On the global stage, there is a significant debate over the balance between performance and environmental impact, with discussions centered on the efficacy of sustainable packaging solutions versus traditional BOPP films. Additionally, there is growing interest in leveraging digital technologies for smart packaging applications, such as incorporating QR codes and NFC tags for enhanced consumer engagement and product traceability. As these trends and discussions unfold, the BOPP films industry is set to drive both technological advancements and environmental initiatives, positioning itself as a leader in the evolution of packaging solutions for a more sustainable future.

As per the recently published report by MarketsandMarkets?, The "BOPP Films Industry by Type (Wraps, Bags & Pouches, Tapes, Labels), Thickness (Below 15 Microns, 15-30 Microns, 30-45 Microns, More Tham 45 Microns), Production Process (Tenter, Tubular), Application, and Region - Global Forecast to 2025", size is projected to grow from USD 24.2 billion in 2020 to USD 31.4 billion by 2025, at a CAGR of 5.3% from 2020 to 2025. The BOPP films market has been growing in tandem with the growth in the packaging industry, replacing traditional packaging types, such as metal cans and cartons. Factors, such as growing consumer preferences for convenient packaging, growing demand from the food & beverage sector, ease of use, and lightweight nature, are driving the demand for BOPP films packaging.

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Browse 194 Market data Tables, 46 Figures, 191 Pages and in-depth TOC on "BOPP Films Market - Global Forecast to 2025”

This report also provides a comprehensive analysis of the companies listed below:

The BOPP films market has been dominated by large players, such as Cosmo Films (India), Taghleef Industries (UAE), CCL Industries (Canada), Jindal Poly Films (India), Inteplast Group (US), and Polibak (Turkey) and others. Expansions & investments, and acquisitions are some of the significant strategies adopted by these key players to enhance their positions in the BOPP films market.

Recent Developments in BOPP Films Market Industry

1. In February 2020, Jindal Poly Films approved an investment of USD 99.4 million (INR 700 crores) for the expansion of its company’s operations in India, adding a polyester film line and BOPP film line.
2. In July 2019, The AmTopp Division of Inteplast Group increased its stretch film manufacturing capacity by adding two cast film extrusion lines in its newly acquired facility in Remington, IN. This expansion will add 60 million pounds to Inteplast’s current 385-million-pound capacity throughout its other locations bringing its total name plate capacity to 445 million pounds.
3. In January 2019, Taghleef Industries announced that it had completed the transaction to acquire Biofilm, one of Latin America’s leading manufacturers of BOPP films for flexible packaging, labels, and industrial applications. By finalizing this transaction, Taghleef has become one of the leading suppliers of BOPP films in Latin America and throughout the world, increasing its annual production capacity to more than 500,000 tons.

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Expansions accounted for the largest share of all the strategic developments that took place in the BOPP films market between 2017 and 2020. Key players such as Jindal Poly Films (India), Inteplast Group (US), and Polibak (Turkey) adopted these strategies enhance their market presence and strengthen their manufacturing and distribution capabilities in the BOPP films industry.

Jindal Poly Films has continuously expanded its global presence over the years through strategic acquisitions and expansions. The group is involved in diverse businesses, including polyester & polypropylene films, steel pipes, thermal power generation, and photographic products. JPFL is one of the largest manufacturers of BOPET and BOPP films in India. The company has one of the largest BOPP film manufacturing capacities in the world. It also has high R&D capabilities, with several R&D centers in different regions. Its product portfolio for BOPP films is also vast and can cater to the different needs of their customers.

Taghleef Industries (Ti) is one of the largest global manufacturers of biaxially oriented polypropylene films (BOPP), cast polypropylene films (CPP), biaxially oriented polylactic acid, and biodegradable films (BOPLA). Taghleef industries was formed in 2006 by the merger of 3 companies- Technopack (Egypt), AKPP (Oman), and Dubai Poly Films (UAE).

Ti offers a wide range of standard and specialty BOPP films that are suitable for food packaging, label films, and technical applications, such as overwrap, gift paper, flower wrap, and adhesive tapes.

Ti's brand portfolio includes Derprosa (Premium Luxury Film Line), EXTENDO (a range of thin barrier films), NATIVIA (biodegradable BOPLA), SynDECOR (technical films for decorative overlay), Titanium (metallic film designed for In Mould Labels), and SHAPE360 (shrink label films).

The APAC region is projected to lead the BOPP films market, in terms of both value and volume from 2020 to 2025. According to the World Bank, APAC was the fastest-growing region, in terms of both population and economy. Countries such as India and China are expected to post high growth in the BOPP films market due to the increasing developmental activities and rapid economic expansion.

According to the World Bank, the two economic giants of the APAC region, China and Japan, are the world’s second- and third-largest economies in 2019. In addition to this, the growing population in these countries presents a huge customer base for FMCG products and food & beverages, which in turn, is expected to lead to the growth of the BOPP films market. Changes in packaging styles, innovations in flexible packaging designs, and increase in demand for personal care products due to the rise in the young population are expected to drive the market for BOPP films in this region.

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