Top 5 Companies in BOPP Films Market

RELEASE DATE: Oct 2024 Author: Spherical Insights Request Free Sample

Top 5 Companies in BOPP Films Market

 

What is BOPP Films?

Polypropylene resin is used to make BOPP films, which are thin, flexible films that may be stretched both transversely (TD) and machine-wise (MD). The film's strength, clarity, and barrier qualities are enhanced by its biaxial orientation, which makes it appropriate for a variety of marking and packaging uses. BOPP film is created using either a tenter frame process, which involves mechanically stretching a thick extruded sheet by 300–400%, or a tubular procedure, which involves inflating a tubular bubble. Additionally, convenient and lightweight packing options are becoming more and more popular among consumers. In addition to meeting this demand, BOPP films also address environmental concerns. These films offer an eco-friendlier substitute for common materials like glass and metal because they are recyclable.

 

Growth and Opportunities in the BOPP Films Sector

1. Market expansion is being driven by rising consumer demand for easy and flexible packaging

Wealthy countries have recently seen an increase in demand for flexible and practical packaging. Furthermore, the market for biaxially oriented polypropylene (BOPP) films has rapidly expanded as a result of the growing e-commerce trend in industrialized nations. The food industry makes extensive use of biaxially oriented polypropylene (BOPP) films because of their many benefits, which include ability to seal, durability, moisture barrier, and oxygen barrier capacity. This application is driving the overall growth of the sector. Additionally, Biaxially Oriented Polypropylene (BOPP) films are being forced into the main production industries due to their growing rate of recyclability.

 

2. Demand is increased by constant improvements in barrier film properties

Films that guarantee product integrity and adhere to rules are becoming more and more in demand. High-performance barrier films are desired by a number of industries, including the food and pharmaceutical packaging sectors. Their goal is to prolong the product's shelf life while maintaining its quality. Another factor in this is sustainability. Films that are both recyclable and biodegradable are in high demand from these businesses.  Producers are looking for new ideas to enhance their selection of films. The barrier technologies that offer defense against oxygen, moisture, and other elements are being improved. The films are being enhanced with nanocomposites and sophisticated barrier coatings. They are therefore helpful in demanding applications such as Modified Atmosphere Packaging (MAP) and vacuum packaging.

 

Global Expansion of the BOPP Films Market

The global BOPP films market size was valued at USD 25.9 billion in 2022 and is projected to USD 43.8 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period 2022-2032. The top companies in the global BOPP films market include Cosmo Films Limited, Taghleef Industries, CCL Industries, Jindal Poly Films, Sibur Holdings, Zhejiang Kinlead Innovative Materials, Inteplast Group, Poligal S.A., Uflex Ltd., and Polinas.

 

Emerging Trends in BOPP Films Industry

  1. BOPP film recycling initiatives start to develop in the market

There is a growing push to decrease single-use plastics and plastic waste. This is seen by the numerous laws that countries have implemented. There is a need for sustainable end-of-life solutions as a result of the circular economy's concepts being used in a variety of businesses. These films are recyclable and can be turned into flakes or pellets that are utilized to make new goods.  For this reason, technologies such as solvent-based or enzymatic recycling are being investigated. This trend represents a new wave in the market. The growth of the market is also being significantly influenced by consumer awareness and corporate sustainability initiatives. For instance, in April 2023, a pilot initiative was started to recycle these films by three Tokyo-based plastic businesses. Working together on this initiative were Toppan, Mitsui Chemicals Tohcello, and Mitsui Chemicals. By using the "horizontal" method, BOPP packaging films are transformed back into a new type of flexible packaging.

 

  1. BOPP films are prominent due to their biodegradable nature.

BOPP films are recyclable because of their high stiffness and low density, which enable the creation of thin but robust BOPP films. These films do not break down like other films do, and they can be recycled by mixing them with a polypropylene recycling stream. BOPP is one of the many polypropylene-based products that can be recycled into polymer pallets for usage in a variety of commercial and industrial settings. Recycling facilities can process BOPP films alongside other plastic materials, preventing them from ending up in landfills. This helps reduce the amount of plastic waste generated by these recyclable films.  Furthermore, the weight of the packaging materials is decreased by the lightweight nature of these films. This reduces the carbon footprint, transportation expenses, and plastic consumption.

 

List of Key Companies in the BOPP Films Industry

  1. Cosmo Films Limited
  2. Taghleef Industries
  3. CCL Industries
  4. Jindal Poly Films
  5. Sibur Holdings
  6. Zhejiang Kinlead Innovative Materials
  7. Inteplast Group
  8. Poligal S.A.
  9. Uflex Ltd.
  10. Polinas

 

Top 5 Players in the BOPP Films Industry

1. Cosmo Films

Cosmo Films

Headquarters: New Delhi, India

An Indian multinational company called Cosmo Films (formerly Cosmo First Limited) produces bi-axially oriented polypropylene films (BOPP) for industrial, label, packaging, and laminating uses. New Delhi, India, is home to the company's headquarters. Its production facilities are located in South Korea and India. The business is listed on the Indian National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In October 1976, Mr. Ashok Jaipuria established Cosmo Films Limited, and in 1981, he established the company's first production facility in Aurangabad, Maharashtra. Cosmo Films purchased a 76.51% share in Gujarat Propack Limited in 2001. GBC Commercial Print Finishing, a US-based company, was purchased by Cosmo Films in 2009 for USD 17.1 million, or around Rs. 82 crores. A division of Cosmo First Limited, Cosmo Films is a world leader in specialized films for industrial, flexible packaging, lamination, and labeling uses. It provides a large selection of industry-grade films, such as cast polypropylene (CPP) and biaxially orientated polypropylene (BOPP) films, and it has plans to introduce biaxially oriented polyethylene terephthalate (BOPET) films shortly.

 

2. Taghleef Industries

Taghleef Industries

Headquarters: Dubai, United Arab Emirates

Taghleef Industries (Ti) is a prominent provider of specialized and highly efficient films for packaging, labeling, commercial, and graphic design applications. One of the biggest producers of biaxially related polypropylene films (BoPP), cast polypropylene films (CPP), biaxially oriented polylactic acid, and biodegradable films (BoPLA) worldwide, Taghleef Industries (Ti) has its headquarters in Dubai, United Arab Emirates. It can produce more than 500,000 tons of conventional and specialty films. Additionally, manufacturer of label and packaging films to advance environmentally friendly packaging options. Customers can obtain high-quality goods and services for a variety of uses due to the company's product line, which includes biaxially oriented polypropylene films (BoPP), and cast polypropylene films (CPP).

 

3. Toray Industries

Toray Industries

Headquarters: Tokyo, Japan

Toray Industries, Inc. makes fiber goods such as monofilament yarns, raw fibers, spinning yarns, nylon, polyester, and synthetic fabrics, among others. The company also manufactures chemical goods such as polyester films, technical polymers, resins, and carbon fiber composite materials. Toray Industries is also involved in the environmental and life sciences sectors. Toray Industries Inc. is a Japanese corporation that mainly produces industrial materials and clothing through the integrated chemical sector. Carbon Fiber Composite Supplies, Fibers & Textiles, Plastics & Chemicals, IT-related Items, Environment & Engineering, and Life Science are the company's business divisions. Together, the Fibers & Textiles and Plastics & Chemicals businesses account for around two-thirds of the company's sales and are its main growth engines. The company operates in Europe, North America, Japan, China, and other Asian countries. The most significant portion of the company's overall revenue comes from the Asia-Pacific region.

 

4. Jindal Poly Films Limited

Jindal Poly Films Limited

Headquarters: Nasik, India

One of India's top producers of polyethylene films is Jindal Poly Films Limited. The company manufactures a broad variety of films for use in infrastructure, agriculture, and packaging, among other fields. Jindal Poly Films is renowned for producing top-notch goods and creative solutions that meet changing consumer demands. The business is known for its dependability and client satisfaction, and it has a robust distribution network. The company is based in Nasik, India, and produces flexible packaging films there. The business uses the newest technologies from German firms such as Bruckner, Kampf, and Dornier. Owing to its 40-country distribution network, it is present in 95% of global markets.

 

5. Poligal

Poligal

Headquarters: Barcelona, Spain

One of the leading producers of cast polypropylene (CPP) and bioriented polypropylene (BOPP) film in Europe is Poligal. They have been creating and producing premium films for more than 25 years to increase clients' packaging and conversion efficiency. They offer a large selection of films for labeling, lamination, flexible packaging, and other industrial uses. Poligal is one of the top suppliers of BOPP and CPP film solutions in Europe for labeling, flexible consumer packaging, and other industrial uses. With three manufacturing facilities and a seasoned sales network in both Europe and America, their goal is to become a go-to source for dependable, high-quality films intended to increase productivity. Additionally, the business is dedicated to sustainability and innovation, consistently creating new materials and solutions to satisfy the market's changing demands. Poligal serves clients worldwide in a range of sectors, including food, drink, and personal hygiene.

 

Conclusion

The market for BOPP films is expanding significantly due to rising consumer demand for high-performance, flexible, and sustainable packaging options. Because of its recyclability, durability, and barrier qualities, BOPP films are becoming more and more popular as companies in a variety of sectors—from food to pharmaceuticals—prioritize environmentally friendly solutions. Leading businesses are advancing the industry's transition to more sustainable practices by using cutting-edge materials and techniques, such as Cosmo Films, Taghleef Industries, and Jindal Poly Films. BOPP films are in a good position to satisfy the changing demands of a society that is committed to minimizing waste and advancing environmentally friendly solutions because of continuous improvements in recycling and biodegradability.

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

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