Biaxially Oriented Polypropylene Market Report

Market Insights

Biaxially Oriented Polypropylene Market is likely to witness an impressive CAGR of 6.0% during the forecast period. The product is extensively used in food packaging applications due to its superior clarity and strength, as it allows easy printing and coating over packaged foods such as frozen food, snacks, ready-to-eat meals, and confectionery. Owing to improving consumer lifestyle dynamics and increasing spending power, the overall food and beverage industry is growing at a rapid pace, resulting in increased market share for biaxially oriented polypropylene. Furthermore, growing customer awareness about the importance of food preservation will significantly increase the product demand over the forecast period.

Segments' Analysis

Biaxially Oriented Polypropylene Market Share: By Application Type

Based on the application type, the market is segmented as food, tapes, tobacco, and others. The food application segment occupied the largest share of the market in 2021, and is expected to maintain its dominance during the forecast period as well. Owing to its low cost, superior barrier, and high durability properties, the product is widely used in food packaging. These qualities aid in the effective preservation of food freshness and aroma, as well as providing moisture protection. Increasing global working population has significantly augmented the demand for packaged food, which has fueled the product demand.

Biaxially Oriented Polypropylene Market Share: By Region

In terms of regions, Asia-Pacific is estimated to experience the highest growth in the biaxially oriented polypropylene market during the forecast period. The growth of the region’s market is driven by the growing food & beverages, pharmaceutical, and cosmetic industries in the region along with the increasing number of working populations in China and India. On the other hand, North America is estimated to hold significant share of the market mainly on account of the growing pharmaceutical industry in the U.S., boosting the overall regional market growth during the forecast period.

Market Scope & Segmentation

Biaxially Oriented Polypropylene, in its short form, is known as BOPP. It is a variant of polypropylene, which is a thermoplastic polymer. It is an ideal printing surface that can be turned into stickers, labels, textiles, and a variety of plastic parts and materials.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The biaxially oriented polypropylene market is segmented into the following categories. 

Biaxially Oriented Polypropylene Market Size, Share, & Forecast, by Application Type:

• Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tapes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Tobacco (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Biaxially Oriented Polypropylene Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the biaxially oriented polypropylene market are-

• Biaxplen Ltd.
• Chemosvit A.S.
• Kopafilm Elektrofolien GmbH
• Oben Holding Group
• Polyplex Corporation Limited
• Rowad Global Packaging Co. Ltd.
• SRF Limited
• Vitopel S.A.
• Xpro India Limited
• Zubairi Plastic Bags Industry LLC.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the application types by country.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.