Bi-oriented Polypropylene Market - Forecast(2023 - 2028)

Report Code: CMR 18654 Report Format: PDF + Excel

Bi-oriented Polypropylene Market Overview

The bi-oriented polypropylene market size is forecast to reach USD18.3 billion by 2027 after growing at a CAGR of around 4.5% from 2022 to 2027. The bi-oriented polypropylene is made when the polypropylene films are extruded and stretched in both machine direction and transverse. Bi-oriented polypropylene market is forecast to grow fast in the packaging segment which majorly includes food packaging. The bi-oriented films are flexible, offer exceptional clarity, high tensile strength, and toughness. It has various applications such as packaging, laminating films, coatings, tape backing, and others that need strong barriers, achievable by using polyvinylidene chloride as water coatings or dispersing in the matrix polymer. The bi-oriented polypropylene market share is growing owing to its demand in the food industry, cosmetic, and pharmaceutical applications. The increasing application of bi-oriented polypropylene by various end-users due to its strength, excellent moisture, recyclability, and aroma barrier properties will drive the bi-oriented polypropylene market, thereby leading to maximum demand and growth in the forecast period.

COVID-19 Impact

The COVID-19 pandemic has negatively impacted the bi-oriented polypropylene market. Various end-use industries have experienced difficulties due to slow growth, disturbed supply chain, and low productions. The bi-oriented polypropylene is majorly used for packaging applications in the food and beverage industry such as snacks, confectionaries, meat, fruits, and others due to its good shelf life, advanced sealing, and flexibility. The food and beverage industry saw a major decline in the pandemic for the short term. The meat packaging was affected due to lockdown restrictions, disrupted supply chains, and consumer shortages. The hotels, food outlets, cafeterias, and others were closed, thus leading to a decline in the application of bi-oriented polypropylene for packaging. According to the National Restaurant Association, there was a loss of more than $120 billion in sales of the foodservice industry during the initial months of Covid-19. Furthermore, the data from U.S. Census Bureau reports the lowest sales of $28 billion at bars and restaurants since 1983. The disrupted supply chain, logistics halt, and lockdown restrictions created difficulty in the applications of packaging for food and non-food segments. With the short-term halt in production and demand for various end-users, the bi-oriented polypropylene market share saw a decline, thus leading to a negative impact on the sales and growth prospects for the bi-oriented polypropylene industry.

Bi-oriented Polypropylene Market Report Coverage

The Bi-oriented polypropylene market report: Bi-oriented Polypropylene Market – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the bi-oriented polypropylene industry.

By Production Method: Tubular quench, Tenter, Flat film strength, and others

By Application: Packaging, Metalized films, Laminated sheets, Coatings, Electronics, Adhesive tape backing, and others

By End-Use Industry: Food and Beverage Industry (snacks packet, confectionaries, fresh food, meat, and others), Packaging Industry (flexible packaging, rigid packaging, Electronics Industry (Cable insulation, capacitors, and others), Pharmaceutical Industry, Automotive Industry, And Others

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The increasing demand for bi-oriented polypropylene for flexible packaging, tape backing, laminating, and others in the food and beverage industry have led to significant growth in the bi-oriented polypropylene market size. It is due to excellent properties such as tear resistance, high strength, moisture barrier, and others.
  • The Asia Pacific holds the largest share in the bi-oriented polypropylene market due to the rise in food-packaging applications in major countries such as India, China, and Japan. Furthermore, increasing consumption for the retail food, grocery, meat, and dairy will boost the demand for bi-oriented polypropylene food packaging in Asia, owing to its high strength, long shelf life, moisture barrier, and tear resistance properties.
  • The bi-oriented polypropylene films have dominated the cosmetic, food, pharmaceutical, and other end-users due to various applications of films for packaging, taping, coating, laminating, and others. This will boost the scope for bi-oriented polypropylene market in the coming years.

Figure: Bi-oriented Polypropylene Market Revenue, 2021-2027 (US$ Billion) 

For More Details on This Report - Request for Sample

Bi-oriented Polypropylene Market Segment Analysis – By Production Method

By production method, the tenter process segment is expected to have the largest share of more than 30% in 2021 and is expected to dominate the bi-oriented polypropylene market in the coming years. It is the most used BOPP manufacturing process as it provides stable final output compared to other processes and makes high gloss and clear films. The bi-oriented polypropylene films derived from this tenter method are majorly used in packaging applications such as wraps, confectionaries, snacks, and others due to their superior stiffness, transparency, and excellent resistance capabilities. Moreover, the phenolic antioxidant is used in the processing to delay or retard the oxidation in packaging films arising due to environmental conditions. All these procedures provide enhanced bi-oriented polypropylene for packaging, laminating, labeling, and other applications. Furthermore, the tenter process BOPP is preferably used to ensure increased toughness, durability, clarity, and barrier properties for various applications.

Bi-oriented Polypropylene Market Segment Analysis – By Application

By application, the packaging segment is expected to have a growing share of over 45% in 2021 and is expected to boost the bi-oriented polypropylene industry size in the coming years. The demand for bi-oriented polypropylene will increase due to the increasing usage in packaging applications for the food and beverage industry, cosmetic, pharmaceutical, electronics, and others. The flexible medical packaging ensures sterilization of the medicines, PPE kits, and others. The excellent shelf life of BOPP makes it the best option in the healthcare industry. According to the Packaging Industry Association of India (PIAI), the packaging segment is expected to reach USD 205 billion by 2025, owing to increasing application among end-users. The bi-oriented polypropylene packaging films must get enhanced strength, quality, and resistance to secure the food or non-food contents. For boosting surface energy and strength of packaging films,  corona treatment is done on both sides for duplexes and sandwich layers in snack food lamination, which is characterized by atomic force microscopy and X-ray photoelectron spectroscopy. The packaging films or pouches are majorly used in the food and beverage segments such as wraps, confectionaries, dairy products, meat, animal nutrition products, and others. It offers maximum shelf life, tear resistance, high strength, and flexibility, thus making it applicable for packaging applications in various end-use industries. The increasing demand for environment-friendly and high protection packaging applicability in various end-use segments will boost the bi-oriented polypropylene market in the forecast period.

Bi-oriented Polypropylene Market Segment Analysis- By End-Use Industry

By end-use industry, the food and beverage segment is expected to have the largest share of more than 40% in 2021 and is expected to grow the bi-oriented polypropylene market share in the forecast period. The bi-oriented polypropylene product offers excellent properties such as heat seal, moisture barrier, high clarity, shelf life, and others. The increasing demand for flexible packaging films in retail products, snacks, packaged foods, organic food, dairy, and others is boosting the usability of bi-oriented polypropylene in the food industry. According to the Ministry Of Food Processing Industries (MOFPI), the food grocery segment is growing at 25% in the food retail market. The bi-oriented polypropylene provides maximum protection, enhanced shelf life, and security of the retail food products, thus a preferable option for different end-users as well. The growth of the food industry is creating a high rise in the demand for plastic packaging. According to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), the market size of organized packaged food will reach INR 780 million in 2020. Thus, the demand for bi-oriented polypropylene packaging is expected to gain a massive share in the market due to its major application and properties such as durability, aroma barrier, moisture barrier, heat seal, and long shelf life in the food industry, thereby creating a drive and growth in the global bi-oriented polypropylene market.

Bi-oriented Polypropylene Market Segment Analysis – By Geography

By geographical analysis, the Asia pacific holds the largest share of more than 35% in the Bi-oriented Polypropylene market for the year 2021. The increased application of bi-oriented polypropylene for food, non-food, labels, electronics, automotive, and industrial packaging has led to major growth in this region. The demand for environment-friendly plastic in packaging, electronic manufacturing, pharmaceutical expansion, and others has boosted the bi-oriented polypropylene market share in the APAC region. Food and beverage is the fastest growing industry in China and India due to increasing disposable income, e-commerce growth, and consumer preferences. The bi-oriented polypropylene is majorly used in food packaging, owing to its numerous applications in the bakery, dairy, meat, pet food, retail food items, beverages, and others. According to the National Bureau of Statistics, a total of 5658 beverage and 8131 food registered enterprises are set up in China.  The Asia Pacific is forecasted to grow the fastest in the bi-oriented polypropylene market due to the high rise in the food industry, FMCGs strong base, e-commerce, and flexible packaging trends. Furthermore, projects from companies such as Taghleef and Jindal Poly films are making huge investments and developments to extend the portfolio in APAC, thus creating a drive in the global bi-oriented polypropylene industry.

Bi-oriented Polypropylene Market Drivers

Increasing Demand from Flexible Food Packaging

The increasing use of bi-oriented polypropylene for packaging applications in the food and beverage industry will boost the market. The flexible packaging is driving the BOPP market, owing to its numerous applications in different end-users. The flexible films are used in bakery, pharmaceutical, dairy, meat, organic food, and others. The growth of flexible packaging in the food and beverage industry will lead to the high rise in the applicability of bi-oriented polypropylene to ensure flexibility, tear-resistance, moisture barrier, protection, and longer shelf life. According to the Census Bureau's Country Business Patterns (CBP), a total of 6040 food and beverage plants are there in California, with 2612 in New York and 2487 in Texas. The bi-oriented polypropylene films are thereby used in the food segment to provide seal integrity, flexibility, and excellent protection and boost the growth and demand for food and non-food packaging applications. Thus, the application of flexible packaging for food retail, grocery stores, and others will drive the bi-oriented polypropylene market.

Recyclability and the environmentally friendly trend will drive the  bi-oriented polypropylene market in the forecast period

The market of bi-oriented polypropylene is growing owing to its sustainability, recyclability, environment, and health-friendly and toxic-free product. The shift towards eco-friendly plastic is creating a major drive in the bi-oriented polypropylene market. Various major market players are boosting the production capacities of bi-oriented polypropylene owing to its recyclable and health-friendly trends. For instance, Jindal Poly Films has announced to boost its production units and bi-oriented polypropylene capacity at 45,000 tons per annum. Furthermore, various companies prefer it due to its reusability and low carbon footprint. The Environmental Working Group rates bi-oriented polypropylene as low to moderate hazardous. The Resin Identification Code (IRC) rates polypropylene products at number 5 in terms of recyclable material. Thus, the environmental protection awareness among consumers and manufacturers will drive the bi-oriented polypropylene market and boost its productivity in the future years. 

Bi-oriented Polypropylene Market Challenges

Fluctuations in raw material availability and prices can be a challenge to the bi-oriented polypropylene market.

Fluctuating prices and volatility in raw materials for bi-oriented polypropylene is a major challenge.  Raw material shortages and price fluctuations due to pandemics, production halt, and demand-supply gap create a challenge for the industry. The raw material used in producing bi-oriented polypropylene consists of ethylene propylene, adhesives, COPP, anti-static agent, and polypropylene as major raw materials. Polypropylene is a derivative of crude oil. According to the Organization of the Petroleum Exporting Countries (OPEC), the annual average oil price stood at USD 69.4 per barrel in 2021 from USD 41.47 in the previous year. Volatile crude prices, owing to demand-supply dynamics can become a challenge and thereby result in a hike in the raw material prices and availability for the manufacturers. The raw materials accounting for nearly 65% of the total production cost can disturb the industry; thereby leading to shifting of high prices to the commodity buyers due to high-cost pressure and volatility in available raw materials in the market. 

Bi-oriented Polypropylene Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies that are adopted by the dominant players in this market. Bi-oriented Polypropylene top 10 companies include:

  1. Decro
  2. Yem Chio
  3. Oben Licht Holding Group
  4. Gettel Group
  5. Stenta Film
  6. Taghleef
  7. Cosmo
  8. Flex Film
  9. Kinlead Packaging
  10. FuRong Technology

Acquisitions/Technology Launches

  • In February 2020, Jindal Poly Films agreed to an investment of INR 700 crores to expand the company's functioning and operations in India, and thereby adding a bi-oriented polypropylene film line and getting a better bi-oriented polypropylene market outlook.
  • In October 2019, UFlex Limited introduced a cut-edge packaging option known as ‘Asepto Eye’ in the beverage segment that gives a 3D effect on aseptic packages. 

Relevant Reports

Bi-oriented Polypropylene (BOPP) Laminating Film Market - Forecast(2022 - 2027)
Report Code: CMR 89927

Bi-axially Oriented Polypropylene Sheets Market - Forecast(2022 - 2027)
Report Code: CMR 49919

For more Chemicals and Materials Market reports, please click here

1. Bi-Oriented Polypropylene Market- Market Overview
    1.1 Definitions and Scope
2. Bi-Oriented Polypropylene Market - Executive Summary
    2.1 Key Trends by Production Method
    2.2 Key Trends by Application
    2.3 Key Trends by End Use Industry
    2.4 Key Trends by Geography
3. Bi-Oriented Polypropylene Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Bi-Oriented Polypropylene Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Bi-Oriented Polypropylene Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Bi-Oriented Polypropylene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Bi-Oriented Polypropylene Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Bi-Oriented Polypropylene Market – By Production Method
    8.1 Flat film strength
    8.2 Tenter
    8.3 Tubular quench
    8.4 Other
9. Bi-Oriented Polypropylene Market – By Application (Market Size -$Million/Billion)
    9.1 Packaging
    9.2 Metalized Films
    9.3 Laminated Sheets
    9.4 Coatings
    9.5 Electronics
        9.5.1 Cable insulators
        9.5.2 Capacitors
    9.6 Adhesive Tapes packing
    9.7 Printing
    9.8 Others
10. Bi-Oriented Polypropylene Market – By End Use Industry (Market Size -$Million/Billion)
    10.1 Food and Beverage Industry
    10.2 Packaging Industry
        10.2.1 Flexible packaging
        10.2.2 Rigid packaging
    10.3 Electronics
    10.4 Pharmaceutical Industry
    10.5 Automotive
    10.6 Others
11. Bi-Oriented Polypropylene Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Bi-Oriented Polypropylene Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Bi-Oriented Polypropylene Market – Industry/Competition Segment Analysis Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Type/Product category - Major companies
14. Bi-Oriented Polypropylene Market – Key Company List by Country Premium Premium
15. Bi-Oriented Polypropylene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"

LIST OF TABLES

LIST OF FIGURES

1.US Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
2.Canada Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
3.Mexico Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
4.Brazil Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
5.Argentina Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
6.Peru Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
7.Colombia Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
8.Chile Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
9.Rest of South America Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
10.UK Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
11.Germany Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
12.France Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
13.Italy Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
14.Spain Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
16.China Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
17.India Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
18.Japan Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
19.South Korea Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
20.South Africa Bi-oriented Polypropylene Market Revenue, 2019-2024 ($M)
21.North America Bi-oriented Polypropylene By Application
22.South America Bi-oriented Polypropylene By Application
23.Europe Bi-oriented Polypropylene By Application
24.APAC Bi-oriented Polypropylene By Application
25.MENA Bi-oriented Polypropylene By Application
26.KOPAFILM ELEKTROFOLIEN GMBH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.SRF LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.CHEMOSVIT A.S., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.TEMPO GROUP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.TAGHLEEF INDUSTRIES, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.VIBAC GROUP S.P.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.TREOFAN GROUP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.ROWAD GLOBAL PACKAGING CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.ZUBAIRI PLASTIC BAGS INDUSTRY LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.POLIGAL S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)