BOPP Film Market Report

The demand for BOPP films will be boosted due rise in the food segment as they are made of highly sterilized material. This material helps in protecting food contamination. The packaging of sauces, pet food, ready-to-eat or frozen meals, sweets, chocolates, snacks, dried fruits & nuts, and confectionary items is frequently done using BOPP film wraps and pouches. BOPP Films are majorly used for ready-to-eat products and chocolates. The demand for BOPP bags and pouches is been forecasted due to their high printing capacity and these bags have enough strength as well as can be stacked easily. Sustainable solutions are becoming more and more necessary as a result of the use of circular economy concepts in a variety of businesses. These films after use can be recycled to create flakes or pellets that are utilized to make new products. For this reason, technologies like solvent-based or enzymatic recycling are being investigated with the integration of this concept the market is seeing a new demand for BOPP films. Corporate sustainability initiatives and consumer awareness are also important factors in the market's growth.

The major challenge faced by the manufacturers is competition from sustainable alternatives. Compostable films and bioplastics are considered alternative solutions that have less impact on the environment. It has been forecasted that due to the feature of being more sustainable than BOPP film, the demand for BOPP films will reduce and can be replaced by compostable films in some applications. Also, BOPP films are a costlier option compared to compostable films and bioplastic. Hence, due to the sustainable and cost-effective option, the demand for BOPP films will shrink. Also, the major challenge for BOPP film is to tackle the barrier of non-biodegradable packaging. Due to the rising demand of environmentally aware customers, the sale of BOPP films might be affected, as after using them, they will directly contribute to plastic pollution if not disposed of properly. The research on making BOPP films a sustainable and biodegradable option will greatly hamper the cost factor, and concerns regarding the performance of the product will be raised.

In July 2022, Vacmet India commissioned its third BOPP film line at the company's manufacturing plant in Dhar, close to Indore. The company's capacity for BOPP film had increased to 1,20,000 MT per year with a 10.4-meter-wide line with a 55,000 MT annual capacity. After it had commissioned its third BOPP film line, the company was able to provide quick delivery and a wider range of products thanks to the capacity boost. The new line, 10.4 meters long, three-layer, fully automated Bruckner line, could create films with a thickness ranging from 12 to 60 microns. In October 2022, A novel BOPP-based food packaging film developed by Borealis and the Vibac Group was easy to sort in PP recycling processes. The "V-Fresh" film was made from a grade of circular polyolefins that were "completely derived from waste and residue streams," according to Vibac's Bornewables portfolio. The manufacturers of these grades asserted that they offered the same performance qualities as virgin PP while lowering carbon emissions.

List of companies operating in the BOPP film market include Jindal Poly Films Limited, Taghleef Industries, Manucor S.p.A., Cosmo Films Ltd., Toray Plastics (America), Inc., UFlex Limited, Mondi Group, Inteplast Group, Polyplex Corporation Limited, Innovia Films, Polinas, Flex Films, SRF Limited, Treofan Group and Biaxis.

North America is anticipated to experience significant growth in the BOPP film market owing to its well-established pet food market. According to the USDA Foreign Agricultural Services, the total export of pet food in 2023 amounted to US$ 2.41 billion. The use of BOPP films is mostly done in packing pet food. Also, the demand for pet food is rising due to strong customer demand and a large and growing pet population. Therefore, it is anticipated that over the forecast period, BOPP films will see an increase in demand for pet food packaging.

North America is also a huge market for meat product consumption and export. Due to the increasing retail chain, the demand for beef and pork products has risen. According to the National Institute of Health, 63% to 74% of individuals consume meat on any given day in North America, as BOPP films are also used to pack meat market in North America, which will boost the market for BOPP films. In the Asia Pacific region, Indian cities are demanding items for packed stuff in personal care and food markets, where BOPP films are popular for keeping the products safe. Currently, the market for personal care in India, according to Invest India, amounts to US$15. billion, which makes India a lucrative market as the personal care market in India is forecasted at US$17.34 billion.