BOPP Films Market News and Prospects: Global Market Size is Estimated to Hit $23.11 Billion by 2029

Global Biaxially Oriented Polypropylene (BOPP) Films Market Overview

According to Global Market Monitor, the global biaxially oriented polypropylene films market size is expected to reach $23.11 billion by 2029 with a CAGR of 4.45% from 2024 to 2029.

Biaxially oriented polypropylene film (BOPP) refers to a film made by biaxially stretching polypropylene as the main raw material. BOPP film is an important product in the packaging field. It has the advantages of lightweight, transparency, non-toxicity, moisture resistance, low air permeability, and high mechanical strength. It is widely used in the packaging of food, medicine, daily light industry, cigarettes, etc. Used as a substrate for composite membranes.

Market News

TOPPAN, Inc., a company of TOPPAN Group. GL-SP, a barrier film based on biaxially stretched polypropylene (BOPP), was developed jointly with TOPPAN Special Films Pte LTD (TSF) in March 2024. Gl-sp is a unique addition to TOPPAN Group's range of sustainable packaging products in the GL BARRIER1 series of transparent vapor deposition barrier films, which has a significant share in the global market.

Innovia Films announces the expansion of its range of floatable polyolefin shrink films in February 2024. The new film is a low-density white film made of polyolefin that stays afloat when printed. The opaque film helps to improve the light-blocking properties of the shrink casing, which can later be applied to containers in light-sensitive industries such as dairy products, nutritional products, food supplements, and cosmetics.

The Field of Application Continues to Expand.

With the continuous improvement of the technical level of the film industry, the terminal application fields of BOPP films have gradually shifted from food and beverage, adhesive tape, clothing, consumer electronics, daily chemical products, tobacco, and other fields to medicine, electronics, laser anti-counterfeiting, electrical insulation, semiconductor, and microelectronics. The extension of high-tech fields such as electronic applications, these application fields belong to the strategic emerging industries that various countries focus on development or important industries related to the national economy and people's livelihood, and are flourishing under the support and encouragement of policies. With the continuous development of functional films and the development of high-end film products, the application fields will continue to expand, providing a broader market space for the application of BOPP films.

The Development of the E-commerce Industry

The penetration of e-commerce has accelerated under the catalysis of the epidemic, and the global e-commerce and logistics industries have developed rapidly. Innovations in business models such as live broadcast e-commerce and instant retail continue to stimulate consumption vitality. New-generation information technologies such as big data, the Internet of Things, and artificial intelligence are widely used in the field of e-commerce and are integrated with manufacturing, agriculture, and service industries. Industrial transformation and upgrading are constantly advancing to promote the development of the e-commerce industry. At the same time, the "14th Five-Year Plan for E-Commerce Development" pointed out that by 2025, the transaction volume of e-commerce will reach 46 trillion yuan, and the national online retail sales will reach 17 trillion yuan; by 2035, e-commerce will become China's economic and technological strength. and an important driving force for a substantial leap in overall national strength. The rapid development of the e-commerce industry has greatly promoted the market demand for food, clothing, and other consumer goods industries. At the same time, the rising demand of the terminal market has provided opportunities for the development of biaxially oriented polypropylene (BOPP) film packaging materials.

By Type	Heat sealing film
	Label film
	Matting film
	Ordinary film
	Capacitor film
	Metalized film
By Application	Food
	Clothing
	Medicine
	Print
	Tobacco and alcohol