Biaxially Oriented Polypropylene Market Analysis (2022-2028)

Market Insights

"The global biaxially oriented polypropylene market size was estimated at USD 13.58 billion in 2021 and is likely to grow at a CAGR of 5.8% during 2022-2028 to reach USD 20.29 billion in 2028."

Wish to get a free sample? Register Here

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.

Market Dynamics

Market Drivers

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.

Key Players

The following are the key players in the biaxially oriented polypropylene market (arranged alphabetically).

• 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.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segments' Analysis

Application Trends

"The food segment accounted for the largest market share."

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.

Regional Insights

"Asia-Pacific accounted for the largest market share."

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.

Want to know which region offers the best growth opportunities? Register Here

Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

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.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Application Type

• Food
• Tapes
• Tobacco
• Others

By Region

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

Want to get a free sample? Register Here

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s biaxially oriented polypropylene market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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)

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.