Market Size of North America BOPP Films Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.60 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America BOPP Films Market Analysis
North America BOPP Films Market is expected to grow at a CAGR of 5.6% during the forecast period 2021 - 2026. Over the years, the BOPP films have attracted manufactures across various end-users in the region; some of its applications comprise packaging, lamination, and labeling. Due to their inherent moisture barrier properties, sealability, high clarity, graphic reproduction, and shelf appeal, the films are gaining traction within the food packaging industry.
- The BOPP films offer a relatively low carbon footprint compared to other plastics films such as polyester and LDPE. In fact, after cellulose film, BOPP film is considered the most preferred substrate due to its ecofriendly nature. The increasing awareness of consumers in the region towards environmental concerns and product packaging affecting landfills drives the growth of the market
- Further, the remarkable property exhibited by BOPP films, among other commonly used flexible packaging films, is its ability to produce more yield utilizing low density during conversion and thus supports less plastic consumption per product. Additionally, the reprocessed granules of BOPP resin are widely adopted in the manufacture of injection model parts and other household items. This instance further leverages the adoption of BOPP films in the market.
- In the current market, one of the significant trends in the packaging industry in the region is how the product is personalized. The transparency in clear BOPP films allows manufacturers to provide a high aesthetic appeal to the product packaging, which in turn enables the products to stand out on the shelf and possibly increase brand awareness among the consumers. This instance is expected to drive the market.
- However, amidst the COVID-19 situation with the region experiencing massive incline in the number of cases, the BOPP industry faces several challenges resulting in significant trading turbulence, tariffs, disruptions in the supply chain, and fluctuations in the prices of raw materials. These instances hinder market growth.
North America BOPP Films Industry Segmentation
The BOPP films ( Biaxially Oriented Polypropylene Films) are primarily produced by stretching the film in both transverse and machine direction. Owing to the polypropylene film substrate, reasonable conformability, economics, and resistance against fatigue make it ideal for applications including packaging, graphic, and labeling. Industries such as Food and Beverage packaging commonly employe the film as they require moisture resistance, high tensile strength, and optical clarity.
By End-User Vertical | |
Food | |
Beverage | |
Industrial | |
Pharmaceuticals & Medical | |
Other End-User Verticals |
By Country | |
United States | |
Canada |
North America BOPP Films Market Size Summary
The North America BOPP Films Market is experiencing growth driven by the increasing demand for sustainable and efficient packaging solutions across various industries. BOPP films, known for their moisture barrier properties, sealability, and high clarity, are gaining popularity in the food packaging sector, where they help extend product shelf life and reduce food waste. The films' eco-friendly nature and lower carbon footprint compared to other plastic films make them a preferred choice for manufacturers aiming to meet consumer demands for sustainable packaging. Additionally, the transparency and aesthetic appeal of clear BOPP films enhance product visibility on shelves, boosting brand awareness and market adoption.
In the pharmaceutical packaging industry, BOPP films are being embraced for their innovative features, such as high-speed printing performance and resistance to chemicals and punctures. These attributes meet the industry's need for reliable, secure, and high-quality packaging solutions. The market is moderately fragmented, with key players like Toray Plastics (America), Inc., Cosmo Films, Inc., and Taghleef Industries leveraging the region's focus on sustainability and personalized packaging services. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions and fluctuating raw material prices, the market is poised for growth as demand for packaged products increases, particularly in the post-pandemic period.
North America BOPP Films Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Market Drivers
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1.5 Market Challenges
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2. NORTH AMERICA BOPP FILMS MARKET SEGMENTATION (OVERVIEW, FORECAST, AND MARKET OUTLOOK) (REVENUE IN USD MILLION, 2019 - 2025)
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2.1 By End-User Vertical
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2.1.1 Food
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2.1.2 Beverage
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2.1.3 Industrial
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2.1.4 Pharmaceuticals & Medical
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2.1.5 Other End-User Verticals
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2.2 By Country
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2.2.1 United States
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2.2.2 Canada
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North America BOPP Films Market Size FAQs
What is the current North America BOPP Films Market size?
The North America BOPP Films Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in North America BOPP Films Market?
Toray Plastics (America), Inc., Oben Holding Group, Taghleef Industries Inc, Dunmore Corporation and Cosmo Films, Inc. are the major companies operating in the North America BOPP Films Market.