The Global BOPP Bags Market Is Poised To Expand At Around 4% To 5% CAGR Between 2022 And 2032

BOPP Bags Market Overview

The global BOPP bags market is poised to expand at around 4% to 5% CAGR between 2022 and 2032. The overall sales of BOPP bags are estimated to reach US$ 28 Bn by 2032. Biaxially oriented polypropylene (BOPP) bags are made from polyethylene which can be biaxially stretched, offering superior durability. With increasing application of BOPP bags in food & beverage, pharmaceutical, and other industries, the sales are projected to surpass US$ 18 Bn by 2022.

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These bags are durable and are recyclable. Hence, the recyclability of these materials is projected to increase the demand for BOPP bags. Furthermore, premium performance of BOPP bags with paper bag filling equipment will create lucrative opportunities for the growth in the market.

Besides this, high tensile strength, barrier property, and cost-effectiveness of BOPP bags is projected to increase its application in the packaging of grains and beans, grass seeds, pet food, animal nutrition, fertilizer, and others. This is expected to boost the BOPP bags market.

Which are Key Trends Fueling the Growth in BOPP Bags Market?

Growing awareness regarding the pet food and animal nutrition packaging is expected to bolster the growth in the market in the coming years. With growing population, the demand for agricultural products is also spurring, which is likely to create conducive environment for the  market.

In addition to this, the printability of high resolution graphics on the BOPP bags is attracting a larger consumer base. This will also help in creating brand awareness, increasing the application of these bags across various industries.

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Features such as dimensional stability and water resistance of the bags are projected to increase the commercialization of BOPP bags in the coming years. Further, improved food safety standards and hygiene among the consumers and manufacturers is anticipated to bolster the sales of BOPP bags worldwide.

What are the Factors Hindering Growth in BOPP Bags Market?

According to Future Market Insights (FMI), the high cost of the raw materials, which is almost 60% more than the operational cost, is projected to create a challenge for the incumbents and small manufacturers in the market.

Also, growing concerns associated with the usage of plastics and its impact on the environment is likely to hamper the sales of BOPP bags in the next few years. Furthermore, rising inclination of the consumers toward sustainable packing solutions to reduce the carbon footprint will limit the sales in the market.

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How will Growth in BOPP Bags Market Unfold in Asia Pacific?

According to FMI, Asia Pacific is anticipated to register fastest growth in the global BOPP bags market during the forecast period. Growing presence of chemical industries and increasing consumption of agricultural products across China and India is projected to boost the market.

Additionally, changing food consumption patterns and rising concerns regarding food safety is expected to create lucrative growth opportunities for the market.

According to the Ministry of the Economy and Finance, the plastic packaging market in India totaled US$ 72.6 billion in FQ-20. Likewise, as per the World Bank, the adoption of single-use disposable plastic increased in India due to low cost of virgin plastics and hygiene concerns. These factors are estimated to create new avenues for the BOPP bags market.

Furthermore, implement of stringent regulations for banning plastics waste imports in China is likely to increase the sales of BOPP bags. For instance, Yum China Holdings Inc. along with the Chinese government are focusing on developing sustainable packaging solutions to reduce plastic waste generations. This is anticipated to offer growth prospects for the market in Asia Pacific.

How will North America Contribute to the Growth in the BOPP Bags Market?

According to FMI, North America is expected to register maximum share in the global BOPP bags market, with the U.S. spearheading the growth in the region.

Growing health awareness and demand for safety of food from microorganisms is projected to surge the sales of BOPP bags in North America. Also, increasing disposable income and growing demand for single-serve meals or on-the-go snacks will boost the demand for BOPP bags.

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.

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