H1 2023: In H1 2023, the prominent players in the Europe BOPP Film market were Treofan Germany GmbH & Co. KG (Treofan Holdings GmbH), and Innovia Films Ltd. In May 2023, Innovia Films, the global leader in the market of BOPP Films announced an expansion at the Dow ValuePark Schkopau, located in Leipzig, Germany. The new multi-layer coextrusion line at this new unit will produce advanced thin label films to meet the growing demand for sustainable materials with low resin content. The unit will have an annual production capacity of 36 thousand tonnes and is estimated to be operational in the second half of 2024. In January 2023, BOPP film prices declined steeply owing to the drop in polypropylene raw material prices across Europe. Other factors like low demand for BOPP Film from the downstream packaging industry significantly declined in January and February 2023. However, in March 2023, the demand for BOPP film rose in Europe due to better demand. Also, Europe witnessed an increase in the prices of raw material. But in March 2023, the European market was hit by a labor strike at Europe's second-busiest port, Hamburg. The strike resulted in reduced supplies of BOPP Film and resulted in the hike of BOPP Film prices across Europe. Europe had a pessimistic trend in the BOPP Film market during the rest of the months of H1 2023. The price decline of the feedstock polypropylene had an impact on BOPP Film prices in Europe. Concerns over a downturn in the global economy and the prospect for interest rate hikes in Europe were the main causes of poor buying activity.
The Europe BOPP Film market stood at nearly 1450 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 4.19% during the forecast period until 2032. The BOPP Film market is growing as a result of the rise in demand for packaging material across a number of sectors, including food packaging, tobacco packaging, non-food packaging, and industrial.
BOPP film is biaxially orientated and has good mechanical and physical qualities. It is made of PP polymer, a linear, thermoplastic polypropylene resin, and is clear, flexible, transparent, or translucent. Depending on the needs of the final usage, BOPP film is commercially available in a range of widths, thicknesses, and characteristics. The BOPP film possesses traits such as excellent surface gloss, good grip and anti-static, and excellent moisture barrier. Due to the rising demand for various packaged food products, including pasta, confectionery, biscuits/bakery, snacks, and pasta, food packaging will continue to be the most common application over the projection period. Flexible packaging is crucial for reducing beverage and product waste and allows online retailers to strengthen their packaging to enhance the e-commerce experience. BOPP film, which is widely used in this industry, ensures seal integrity due to its minimal gauge spread. Milk and dairy products need to be carefully stored and protected from light and air. Dairy production is also increasing, which is fueling the BOPP film market's steady growth.
The rising demand mainly comes from the packaging industry with the growing requirement of packaging for foods and beverages. The expansion of e-commerce activities in the region which require high-quality packaging materials is positively influencing the growth of BOPP films. The increasing demand for flexible films in the electrical and electronic sector is also contributing to the demand for BOPP films in the region. The rising spending on personal care with the rising per capita income is further boosting the growth of films during the forecast period. The BOPP Film market is expected to reach 2200 thousand tonnes in the year 2032.
Based on the end-user industry, the Europe BOPP Film market is segmented into Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others. Among these, the Food Packaging is consuming the majority of BOPP Film and consumed approximately 60% of the market in 2022 and is likely to maintain its dominance in the forecast period. Markets including the increased popularity of snacks, cakes, bread, ready-to-eat packaged food sources, frozen food, and sweets are driving up demand for BOPP in packaging.
Significant players in the Europe BOPP Film market are Treofan Germany GmbH & Co. KG (Treofan Holdings GmbH), Innovia Films Ltd, Treofan Italy S.p.A, Flexpol Sp. z o.o., JPF Netherlands B.V, Jindal Films Europe Virton srl, Taghleef Industries S.L, Taghleef Industries Spa, VIBAC S.p.A., Plastchim-TM, Biaxplen Ltd., Manucor S.p.A., Polibak Plastik Film A.S, Polinas Plastik San ve Tic, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of BOPP Film which covers production, demand and supply of BOPP Film market in the globe.
• To analyse and forecast the market size of BOPP Film
• To classify and forecast Europe BOPP Film market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of BOPP Film market in the globe.
To extract data for Europe BOPP Film market, primary research surveys were conducted with BOPP Film manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Europe BOPP Film market over the coming years.
ChemAnalyst calculated BOPP Film demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce BOPP Film. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• BOPP Film manufacturers and other stakeholders
• Organizations, forums and alliances related to BOPP Film distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as BOPP Film s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe BOPP Film market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1450 thousand tonnes
Market size Volume by 2032
2200 thousand tonnes
Growth Rate
CAGR of 4.19% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: (Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Southern Europe, Eastern Europe, Western Europe, and Northern Europe
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of BOPP Film market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for BOPP Film.
3. Capacity By Location
To better understand the regional supply of BOPP Film by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of BOPP Film by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others) are creating a market and the forecast for the growth of the BOPP Film market.
7. Demand by Region
Analyzing the change in demand of BOPP Film in different regions, i.e., Southern Europe, Eastern Europe, Western Europe, and Northern Europe, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell BOPP Film. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of BOPP Film.
10. Company Share
Figure out what proportion of the market share of BOPP Film is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of BOPP Film.
12. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the BOPP Film market.
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was Europe market size of BOPP Film in terms of volume in 2022?
Ans:
The Europe market size of BOPP Film has grown significantly in the historic period of 2015-2022 and reached approximately 1450 thousand tonnes in 2022.
Q2.
Which industry is the major consumer of Europe BOPP Film market?
Ans:
The Food Packaging industry is dominating the BOPP Film market with a market share of approximately 60% in 2022.
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