BOPA Film Market

BOPA Film Market Outlook 2024 to 2034

The BOPA film market is expected to expand at a CAGR of 5.30%. The market value is projected to increase from USD 1,130.8 million in 2024 to USD 1,899.7 million by 2034. The BOPA Film industry share was valued at USD 1,072.3 million in 2023.

Demand for packaging material is multiplying at a consistent rate annually. To meet constant packaging demand, active manufacturers are enhancing their capabilities for better quality and increased volume.

BOPA films are one such in-demand packaging material. Due to their exceptional features, these films are expected to have a competitive edge over flexible packaging. Thus creating significant demand across diverse verticals.

BOPA films are finding vital demand from the food and pharmaceutical packaging sectors. It is expected that the BOPA film market is projected to witness an elevated position in the global market.

Key Market Attributes

Attributes	Details
Market Size, 2023	USD 1,072.3 million
Estimated Market Value, 2024	USD 1,130.8 million
BOPA Film Market Size, 2034	USD 1,899.7 million
Value CAGR (2024 to 2034)	5.30%

Top Trends in the BOPA Film Market to Watch Out For

• Growing demand for outer packaging to pack fresh foods, vegetables, frozen and cooked foods, agricultural products packaging, aquatic products, electronic packaging, etc. This, along with robust distribution channels like hypermarkets and supermarkets for increased accessibility of packaged foods, is elevating sales of BOPA films.
• Fast sales of packaged foods via eCommerce platforms are also creating an enormous demand for packaging solutions like BOPA films.
• The wide application spectrum of BOPA films, due to their light weight and stability, is creating ample opportunities for vendors. Additionally, players are projected to invest in innovation capabilities like design technology, product properties, and packing material to increase their attractiveness.
• Growing demand for active and safe packaging of food products to enhance the safety and shelf life of food contents is fueling the usage of BOPA films. These films have exceptional barrier properties as their selling points to avoid cross-contamination and promote hygiene.

Analysis of Historical and Future Outlooks of the BOPA Film Market

Attributes	Details
BOPA Film Market Value (2019)	USD 904.9 million
BOPA Film Market Size (2023)	USD 1,072.3 million

The BOPA film market inflated from USD 904.9 million in 2019 to USD 1,072.3 million in 2023. The market has been driven by growing demand for canned fruits and vegetables, ready-to-eat meals, processed food, etc. Processed food developers especially are anticipated to demand BOPA films as consumers’ health takes precedence in the food sector. Other factors that led to market expansion are as follows:

• New developments took place in the market, such as the progression of layer co-extrusion methods. For instance, in April 2022, Toray Industries, Inc. constructed a super high barrier film that costs a fraction of its conventional counterparts. Then, the company expressed interest in commercializing the high-barrier performance applications.
• Consumers are increasingly purchasing packaged foods from hypermarkets, supermarkets, and other convenience stores. Additionally, shifting preference toward online modes of buying packaged food is favoring market growth.

The market is anticipated to rise from USD 1,130.8 million in 2024 to USD 1,899.7 million by 2034. Meanwhile, the market is anticipated to expand at a moderate CAGR of 5.3%. Top factors that are consolidating the key players’ position in the BOPA film industry are as follows:

• Increasing preference for BOPA films as a packaging solution among food packaging manufacturers is projected to fuel the market growth. Food packaging is estimated to remain the chief end user. The segment is also expected to draw higher revenues due to increasing demand for red meat, processed meat, and cheese packaging.
• New inventions in the industry are anticipated to propel market growth. Advancements related to packing material and packaging design technology are enhancing the scope of BOPA films.
• Outstanding defense properties to avoid loss of aroma, permeation of water, and promotion of sustained taste and shelf-life are projected to propel market growth.

Country-wise Insights

India to Enjoy Higher Growth Prospects for BOPA Films

Country	India
Forecast CAGR % (2024 to 2034)	6.2%

The BOPA film market in India is anticipated to register a CAGR of 6.2% through 2034. The growth rate in the country is comparatively higher than its regional and international counterparts. Top factors propelling the sales of BOPA films in India are as follows:

• The increasing presence of leading providers of BOPA films in the country is increasing the competition and innovation in this industry.
• Consistent demand for BOPA films from the food and pharmaceutical sectors is anticipated to increase the market’s value over the next ten years.

International Players Vying for a Larger Share in China

Country	China
Forecast CAGR % (2024 to 2034)	5.4%

The China BOPA film market is forecast to record a CAGR of 5.4% through 2034. The leading factors that are propelling market growth are as follows:

• Increasing opportunities for local and international players to leverage higher demand for BOPA films in China.
• Growing availability of raw materials, packaging manufacturers, and production facilities to match the rising demand.

Lucrative Opportunities in Thailand to Attract More Manufacturers

Country	Thailand
Forecast CAGR % (2024 to 2034)	5.4%

The BOPA film market in Thailand is anticipated to expand at a CAGR of 5.4% through 2034. Market expansion in Thailand is assumed to be led by:

• Due to growing remunerative growth prospects for BOPA films in Thailand, discerning manufacturers are investing their capital significantly in Thailand.
• Active players are erecting new production facilities, which are anticipated to raise the market value in Thailand.

Extensive Application of BOPA Film to Capture More Customers in Canada

Country	Canada
Forecast CAGR % (2024 to 2034)	3.5%

In Canada, the BOPA film market is projected to rise at a CAGR of 3.5% through 2034. The industry is anticipated to escalate at a higher CAGR than the United States, suggesting higher growth avenues for manufacturers in Canada. Top factors contributing to market development are as follows:

• Growing demand for new and improved BOPA films with better properties like better printability, enhanced thermal stability, and higher barrier.
• Surging demand for BOPA films from end-use sectors beyond food and pharmaceuticals, like automotive, electronics, and construction. Such diversification is anticipated to expand the potential of BOPA films.

Country	The United Kingdom
Forecast CAGR % (2024 to 2034)	4.1%

The United Kingdom BOPA film market is anticipated to expand at a CAGR of 4.1% through 2034. The country is anticipated to expand at a higher rate than other countries in Europe. Top factors resulting in market growth are as follows:

• Surging demand for industrial packaging solutions in the United Kingdom is fueling the market growth.
• Rising online sales are anticipated to fuel demand for packaging solutions. This factor is reinforcing the sales of BOPA films in the United Kingdom.

Category-wise Insights

Food Industry to Lead the Pack

Leading End Use	Food
Market Share % (2024)	71.1%

As per recent market research, the food industry is anticipated to acquire a market share of 71.1% in 2024. BOPA films are excessively used in the food industry due to their distinct properties, which makes them ideal for protecting and preserving food products.

Additionally, BOPA films help maintain the integrity of food packages due to their outstanding heat sealability. These films are also used in multiple packaging applications like bags, lids, pouches, and shrink sleeves. Such versatility makes it suitable for different food products.

Leading Grade	Nylon 6
Market Share % (2024)	89.9%

The nylon 6 segment is projected to account for a market share of 89.9% in 2024. Nylon is a commonly used polyamide for BOPA films owing to its high toughness and tensile strength. This makes it ideal for transportation, processing, and handling. Additionally, nylon 6 imparts a high level of gloss and transparency to BOPA films, enhancing its appeal among customers and leaving a positive impression regarding a product’s quality.

Core Strategies that are Enhancing the Players’ Game

Key players are concentrating their resources on elevating product features for enhanced consumer convenience. This way, they can beat the market competition and stay ahead of their peers. Additionally, players are expanding their product portfolio to serve many applications. Furthermore, the capacity expansion of BOPA films to meet rising consumer demand is anticipated to boost market growth.

Market players are focusing on research and development activities to bring efficiencies to the product. Competitors are dedicated to focusing on product development and expansion to enjoy a higher market share.

New Developments Shaping the BOPA Film Market

• In August 2022, Oben Group, a Peruvian film producer, boosted its capacities with an investment in a machine fleet and two new production plants. Both the plants are supplied by Marchante, a French plant constructor. The company is recognized as a leading packaging film manufacturer in Latin America, producing BOPA, CPP, etc.
• In September 2021, AdvanSix announced the addition of 100% post-industrial recycled (PIR) grades to BOPA films. New products offer customers a sustainable solution by incorporating materials made of recycled monomers extracted from waste streams into end products without any compromise on performance.

Leading Companies in the BOPA Film Market are as follows

• Unitika Ltd.
• Mitsubishi Chemical Corporation
• Toray Advanced Film Co., Ltd.
• Winpak Ltd.
• Kolon Industries Inc.
• Hyosung Corporation
• Domo Chemicals
• Oben Holding Group S.A.C.
• A.J. Plast Public Company Limited
• Sojitz Plastics America Inc.
• Others

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Grade
  • 5.1. Nylon 6
  • 5.2. Nylon 66
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness
  • 6.1. Up to 10 Micron
  • 6.2. 11 to 20 Micron
  • 6.3. 21 to 30 Micron
  • 6.4. Above 30 Micron
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use
  • 7.1. Food
  • 7.2. Pharmaceuticals and Healthcare
  • 7.3. Electrical and Electronics
  • 7.4. Chemicals
  • 7.5. Others
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Unitika Ltd.
  • 18.2. Mitsubishi Chemical Corporation
  • 18.3. Toray Advanced Film Co., Ltd.
  • 18.4. Winpak Ltd.
  • 18.5. Kolon Industries Inc.
  • 18.6. Hyosung Corporation
  • 18.7. Domo Chemicals
  • 18.8. Oben Holding Group S.A.C.
  • 18.9. A.J. Plast Public Company Limited
  • 18.10. Sojitz Plastics America Inc.
• 19. Assumptions & Acronyms Used
• 20. Research Methodology