The global BOPP bags market is anticipated to experience steady growth, with a projected CAGR of 4% to 5% between 2022 and 2032. By 2032, the overall sales of BOPP bags are estimated to reach US$28 billion. BOPP bags are made from biaxially oriented polypropylene, a material that can be biaxially stretched, providing superior durability. The increasing adoption of BOPP bags in various industries, including food & beverage and pharmaceuticals, is expected to drive sales beyond US$18 billion by 2022.
One of the key factors contributing to the demand for BOPP bags is their recyclability, which enhances their appeal to environmentally conscious consumers. Additionally, the compatibility of BOPP bags with paper bag filling equipment opens up lucrative opportunities for market growth. The bags’ high tensile strength, barrier properties, and cost-effectiveness make them suitable for packaging grains and beans, grass seeds, pet food, animal nutrition, and fertilizers, thereby driving their application in these industries.
Growing awareness about pet food and animal nutrition packaging is expected to further bolster the market’s growth. As the global population continues to increase, there is a rising demand for agricultural products, which creates a conducive environment for the BOPP bags market.
The printability of high-resolution graphics on BOPP bags attracts a larger consumer base and aids in creating brand awareness, leading to increased applications across various industries. Moreover, features such as dimensional stability and water resistance contribute to the commercialization of BOPP bags in the coming years. The implementation of improved food safety standards and hygiene practices among consumers and manufacturers is also expected to boost the sales of BOPP bags worldwide.
Factors Hindering Growth in the BOPP Bags Market:
- High cost of raw materials: The raw material cost is nearly 60% more than the operational cost, creating a challenge for incumbents and small manufacturers in the market.
- Environmental concerns: Growing awareness about the negative impact of plastic usage on the environment may hamper the sales of BOPP bags in the future.
Key Takeaways:
- The BOPP bags market is projected to grow at a CAGR of 4% to 5% between 2022 and 2032, reaching US$28 billion in sales by 2032.
- BOPP bags’ recyclability and compatibility with paper bag filling equipment are driving factors for market growth.
- The bags’ high tensile strength, barrier properties, and cost-effectiveness lead to increased applications in various industries.
- Growing awareness about pet food and animal nutrition packaging is expected to boost the market.
- Environmental concerns and high raw material costs may hinder the growth of the BOPP bags market
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Market Competition
Key manufacturers profiled in the global BOPP bags market include United Bags Inc., Minyan Inc., LC Packaging, Berry Global Inc., Umasree Texplast, Cosmos Films Ltd., Indra Industries Ltd., Abdos Polymers Ltd., Hanoi Plastic Bag JSC, and Aangan Agrotech Exports Limited, among others.
Key manufacturers in the market are developing innovative sustainable solutions to reduce carbon footprints and to strengthen their global footprint.
Key Players:
- United Bags Inc.
- Manyan Inc.
- LC Packaging
- Berry Global Inc.
- Umasree Texplast
- Cosmos Films Ltd.
- Indra Industries Ltd.
- Abdos Polymers Ltd.
- Hanoi Plastic Bag JSC
- Aangan Agrotech Exports Limited
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Key Segments Profiled in the BOPP Bags Market
End-Use:
- Food & Beverage
- Fertilizers & Chemical
- Agriculture
- Pharmaceutical
Sales Channel:
- Supermarkets
- Convenience Stores
- Hypermarkets
- E-commerce
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- Middle East & Africa
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About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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