Market Size of North America BOPP Films Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America BOPP Films Market Analysis
North America BOPP Films Market is expected to grow at a CAGR of 5.6% during the forecast period 2021 - 2026. Over the years, the BOPP films have attracted manufactures across various end-users in the region; some of its applications comprise packaging, lamination, and labeling. Due to their inherent moisture barrier properties, sealability, high clarity, graphic reproduction, and shelf appeal, the films are gaining traction within the food packaging industry.
- The BOPP films offer a relatively low carbon footprint compared to other plastics films such as polyester and LDPE. In fact, after cellulose film, BOPP film is considered the most preferred substrate due to its ecofriendly nature. The increasing awareness of consumers in the region towards environmental concerns and product packaging affecting landfills drives the growth of the market
- Further, the remarkable property exhibited by BOPP films, among other commonly used flexible packaging films, is its ability to produce more yield utilizing low density during conversion and thus supports less plastic consumption per product. Additionally, the reprocessed granules of BOPP resin are widely adopted in the manufacture of injection model parts and other household items. This instance further leverages the adoption of BOPP films in the market.
- In the current market, one of the significant trends in the packaging industry in the region is how the product is personalized. The transparency in clear BOPP films allows manufacturers to provide a high aesthetic appeal to the product packaging, which in turn enables the products to stand out on the shelf and possibly increase brand awareness among the consumers. This instance is expected to drive the market.
- However, amidst the COVID-19 situation with the region experiencing massive incline in the number of cases, the BOPP industry faces several challenges resulting in significant trading turbulence, tariffs, disruptions in the supply chain, and fluctuations in the prices of raw materials. These instances hinder market growth.
