The BOPP bag market is likely to reach US$ 1,109.8 million in 2024. The sales of BOPP bags is anticipated to rise at a moderate CAGR of 2.40% through 2034. The industry is forecasted to hit US$ 1,406.8 million by 2034.
The BOPP bag industry is primarily driven by the increasing demand for flexible and lightweight packaging solutions across various sectors such as food and beverage, pharmaceuticals, cosmetics, and agriculture. BOPP bags offer several advantages including high clarity, excellent printability, moisture resistance, and durability, making them suitable for packaging a wide range of products. Additionally, the growing trend towards sustainable packaging solutions has propelled the adoption of BOPP bags made from recyclable and biodegradable materials, further boosting market growth.
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Despite its widespread adoption, the BOPP bag industry faces challenges such as fluctuating prices of raw materials, particularly polypropylene resin, which directly impacts production costs. Moreover, increasing competition from alternative packaging solutions like paper bags, woven bags, and rigid containers poses a threat to the market share of BOPP bags. Additionally, stringent regulations regarding packaging materials and environmental concerns regarding plastic waste disposal present hurdles for industry players.
The increasing focus on eCommerce and online retailing provides opportunities for BOPP bag manufacturers to cater to the packaging needs of this growing sector. One of the notable trends in the BOPP bag industry is the adoption of advanced printing technologies, such as digital printing and flexographic printing, to create eye-catching designs and vibrant graphics on packaging.
There is a growing demand for BOPP bags with value-added features such as resealable closures, easy-open tear strips, and built-in handles, offering convenience to consumers. Additionally, manufacturers are focusing on developing innovative packaging solutions with enhanced barrier properties to extend the shelf life of packaged products and ensure product freshness.
“The BOPP bag industry presents significant opportunities for growth, especially in emerging markets where there is a rising demand for packaged goods. Manufacturers can capitalize on this by expanding their production capacities, investing in advanced manufacturing technologies, and enhancing product offerings to meet evolving consumer preferences.” Says an FMI Analyst.
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Key Takeaways from the Market Study
- The BOPP bags industry in the United States is anticipated to rise at a CAGR of 1.5% through 2034.
- The BOPP bags industry in the United Kingdom is projected to rise at a CAGR of 1.1% through 2034.
- China’s BOPP bags industry is likely to witness expansion at a CAGR of 5.0% through 2034.
- Germany’s BOPP bags sector to rise with a projected CAGR of 5.9% by 2034.
- Japan’s BOPP bags industry is anticipated to expand at a CAGR of 1.8% through 2034.
Competitive Landscape
The competition outlook in the BOPP bags industry is characterized by a mix of established players and emerging entrants vying for market share. Established manufacturers leverage their extensive experience and infrastructure to maintain dominance, offering a wide range of high-quality BOPP bags tailored to various industries and applications. These companies often focus on product innovation, investing in research and development to introduce advanced features such as enhanced durability, moisture resistance, and customizable printing options.
At the same time, emerging players are disrupting the market with innovative approaches and niche offerings. These companies often target specific market segments or applications, such as food packaging, agriculture, or pharmaceuticals, where demand for BOPP bags is growing rapidly. By focusing on specialized solutions and addressing unmet customer needs, these entrants aim to carve out their niche and gain a competitive edge in the crowded BOPP bags market.
Recent Developments:
- In October 2022, Borealis and the Vibac Group developed a BOPP-based food packaging bag for simple sorting in PP recycling. The “V-Fresh” film is made entirely from waste and residue streams, according to Vibac’s Bornewables portfolio.
- In July 2022, Vacmet India’s Dhar facility in Indore introduced its third BOPP bag line. The company’s BOPP film capacity has increased to 1,20,000 MT per year, with a 10.4-meter-wide line and a 55,000 MT capacity. After commissioning its third BOPP film machine, the company will be able to supply faster and provide more products.
- Toray Industries intended to raise manufacturing capacity for its Torayfan biaxially oriented polypropylene (BOPP) bag at Tsuchiura, Ibaraki prefecture, by 40% by June 2023. The expansion is scheduled to be completed by 2025.
Key Segments
By Product Type:
- Clear
- Printed
- Metalized
- Perforated
By Thickness:
- Below 15 microns
- 15 to 30 microns
- 30 to 50 microns
- Above 50 microns
By End Use:
- Food
- Meat
- Fresh Produce
- Confectionery
- Dairy
- Others
- Beverages
- Cosmetics & Personal Care
- Electrical & electronics
- Pharmaceuticals
- Other Industrial
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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