H1 2023: In H1 2023, the key players in the North America BOPP Film market were Inteplast ViAm Films, Altopro S.A. de C.V., and Toray Plastics (America) Inc. From the beginning of H1 2023, the prices of BOPP Film rose in the U.S. The reason behind the elevated prices in US market was due to the high price of feedstock polypropylene. Demand for BOPP Film was high with increased demand from the downstream packaging industry during H1 2023. During the March 2023, increased the consumption of the packaging materials to store and transport food & beverages, resulted in higher consumption of BOPP films in US and affected the product price in the market. The supply of products in the H1 2023 was smooth across U.S. However, the prices of BOPP Films began reducing in the U.S. from April 2023 to June 2023. Reduced demand from the downstream food and beverage packaging sector, which was impacted by the depressed economic conditions, led to BOPP Film price decline. Despite the difficult market conditions, there was a sufficient supply of BOPP Film throughout America. Additionally, the price of the feedstock Polypropylene (PP) remained weak, supporting the downward price trend of BOPP Film in US from April-June 2023.
The North America BOPP Film market stood at nearly 1100 thousand tonnes in 2022 and is expected to grow at a steady CAGR of 4.68% during the forecast period until 2032. The rise in demand for BOPP Film for mainly Food Packaging coupled with growing consumer preference towards ready-to-eat snacks across North America is likely to swell the demand for BOPP Film in the region.
BOPP (Biaxially Oriented Polypropylene) film is made using polypropylene. In order to create BOPP films (Biaxially Oriented Polypropylene Films), the film is generally stretched in both machine direction and transverse direction. Due to its fair conformability, economies, and resilience to fatigue, the polypropylene film substrate makes it perfect for applications including packaging, graphics, and labelling. The film is frequently used in the food and beverage packaging industry because it has the properties like optical clarity, moisture resistant, high tensile strength, and. Comparing BOPP films to other plastic films like polyester and LDPE, they have a relatively low carbon footprint. In fact, due to its environmental friendliness, BOPP film is regarded as preferred substrate after cellulose film. The market is expanding as a result of consumers in the area becoming more concerned about the environment and how product packaging affects landfills. BOPP films are used in a variety of industries, including packaging, labelling, and lamination. Given that it is used to package food products, packaging is the most lucrative industry for BOPP films. Due to their qualities, including moisture resistance, seal ability, high clarity, and graphic reduction, BOPP films are employed in food packaging with their role in extending the shelf life of food items.
The main factors driving the increase in demand for BOPP films are the rising need for ready-to-eat foods and medications that need to be contained in flexible films. These films' oil and moisture resistance, as well as their gas barrier components, make them the optimum packaging material for pharmaceuticals. The market for BOPP films in the region is also anticipated to be driven by the rising e-commerce activities, which require high-quality packaging materials. The market for films is also being influenced by the expanding use of films for packaging and laminating in the electrical and electronic industry. Based on production, USA is the leading among all the other parts. The BOPP Film market is expected to reach 1700 thousand tonnes in the year 2032.
Based on the end-user industry, the North America 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 held a market share of approximately 62% in the year 2022. Properties like puncture resistance and resistance to work under a wide range of temperatures is what drives the heavy usage of BOPP films in the food industry and is likely to maintain its dominance in the forecast period.
Major players in the North America BOPP Film are Innovia Films Zacapu, Jindal Films Americas LLC, Biofilm S.A., Taghleef Latin America S.A., Toray Plastics (America), Inc., Inteplast ViAm Films, Inteplast ViAm Films, 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 North America 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 North America 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 North America 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, North America 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
1100 thousand tonnes
Market size Volume by 2032
1750 thousand tonnes
Growth Rate
CAGR of 4.68% 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, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others)
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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., USA, Mexico, and Canada, 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. Country-wise Export
Get details about quantity of BOPP Film exported by major countries.
12. Country-wise Import
Get details about quantity of BOPP Film imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of BOPP Film.
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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 North America market size of BOPP Film in terms of volume in 2022?
Ans:
The North America market size of BOPP Film has grown significantly in the historic period of 2015-2022 and reached approximately 1100 thousand tonnes in 2022.
Q2.
Which industry is the major consumer of North America BOPP Film market?
Ans:
The Food Packaging industry is dominating the BOPP Film market with a market share of approximately 62% in 2022.
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