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.
BOPP (Biaxially Oriented Polypropylene) has emerged as a favored packaging material within the food and beverage sector due to its excellent barrier properties. With the industry experiencing steady growth, the demand for reliable packaging solutions is escalating. BOPP bags, renowned for their ability to maintain food freshness and safety, play a crucial role in meeting this demand.
Request a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-8899
Offering a dependable barrier against moisture, air, and other contaminants, BOPP packaging ensures that food products remain fresh and protected throughout storage and transportation. As the food and beverage industry continues to expand, BOPP emerges as a trusted ally, providing assurance of quality and safety for consumers worldwide.
“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.
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/8899
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube