Market Overview
The India BOPP Films market is expected to reach at a CAGR of 12.2% during the forecast period (2024-2031).
Stretching polypropylene film both machine- and transverse-wise results in BOPP films or biaxially oriented polypropylene films. A wide range of uses for BOPP film includes packaging, labeling and lamination. Because of its inherent moisture barrier features, capacity to seal, great clarity, graphic reproduction and shelf appeal, BOPP Films are the preferred substrate for food packaging on a global scale. The best chances of the pack being a mono-layer/homogeneous structure. It is frequently used as a co-extruded heat-sealable reverse-printed film for food packaging.
Market Summary
| Metrics | Details |
| CAGR | 12.2% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Type, Thickness, Production process, Application |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The market for BOPP films in India is primarily driven by a growth in the demand for packaged and ready-to-eat food and a massively expanding e-commerce business in India. The government's tight controls, nevertheless, might limit the market growth.
Growing demand for packaged and ready-to-eat food
The packaging sector is expanding at a rate that hasn't been seen in decades. To address all the issues, the major players launched various packaging materials and one of the main concerns in the packaging sector is minimizing environmental impact. Packaged food retail sales in India in 2018 exceeded US$ 76 billion.
Additionally, 118 thousand metric tonnes of ready meals were sold in the Indian packaged food sector in 2020. That year, dairy products and edible oils dominated U.S. packaged food market. The enormous number of packaged goods opens up numerous possibilities for BOPP films.
Tremendously boosting the e-commerce market in the Indian market
By 2034, the Indian e-commerce market, which has been expanding, is anticipated to surpass U.S. as the second-largest e-commerce market. From US$ 30 billion in 2019 to US$ 99 billion in 2024, the Indian e-commerce sector will grow at a 27% CAGR, with grocery and fashion/apparel expected to be the key drivers of incremental development.
Global businesses are making large investments in the e-commerce sector, including Facebook's investment in Reliance Jio. Google also disclosed its initial US$4.5 billion investment in Jio Platforms. After that, Reliance Retail purchased Future Group, strengthening the Ambani Group's position in the e-commerce sector. The BOPP market has grown owing to significant investments in the Indian e-commerce sector recently.
Stringent government policies
The Indian government has always taken strict measures to preserve the harmony between human activity and nature. However, 16.5 million tonnes of plastic were consumed in India in 2017–18. And to make matters worse, 43% of the plastics used in India are single-use plastics and are used for packaging. Consequently, CI. India's capacity to recycle has vastly outpaced its use.
The Indian government has adopted a sustainable packaging strategy in response to the rising percentage of plastic consumption. According to the Department of Commerce, the National Packaging Initiative's goals and scope were decided upon at a meeting conducted by the government on February 10, 2021. The initiative is finalized as part of the National Logistics Policy. The goal of the strategy is to lower logistics expenses, guarantee product safety and advance sustainability.
COVID-19 Impact Analysis on Market
The market for BOPP films in India has been badly affected by the COVID-19 pandemic epidemic. Due to the current COVID-19 epidemic, makers of pouch packaging were dealing with supply chain interruption and decreased production on-site in several regions of the world.
Many Global Food Safety Initiative (GFSI) certification programs offer six-month certificate extensions by doing a remote audit and risk assessment related to COVID-19 so that the business can accept a new supplier location without an on-site audit to satisfy demand.
Market Segment Analysis
By application, the India BOPP films market is segmented into food & beverage, personal care, tobacco, pharmaceutical, electrical & electronics, power generation and others.
The rising food & beverages sector
Crystal-like BOPP Films are offered in metalized, matte and white finishes. Additionally, the film substrate is ideal for packaging, labeling and graphic applications in the food and beverage industry due to its fair economics, conformability and fatigue resistance. BOPP labels are lightweight, robust and product- and moisture-resistant.
Most significantly, they are both food-safe and non-toxic. BOPP labels' moisture and solvent resistance make them perfect for home products and some food & beverage products benefit from their acid resistance. Citrus, tomatoes, sauces, vegetables, coffee and other food and beverage ingredients, for instance, may deteriorate less durable label materials because of their low pH/high acid content.
Market Companies
All competitors competing in the India BOPP Film market face a highly competitive environment with minor market fragmentation. Several regional firms that are well-established globally dominate the market.
Major India BOPP films market companies include Chiripal Poly Films Limited, Polyplex Corporation Ltd., Uflex Limited, Jindal Poly Film Limited, Cosmo Films Limited, Vacmet India Limited, Max Speciality Films Limited, Triveni Poly Films, SRF Limited and Shagun Films Enterprises.
Chiripal Poly Films Limited
Overview: The Chiripal Group, which includes companies in the petrochemical, flexible packaging, education and infrastructure industries, also includes Chiripal Poly Films Limited. Producing BOPP films, BOPET films and PET resin chips, Chiripal Poly Films Limited manufactures flexible packaging solutions in India. Globally, the company is present in more than 50 nations. With a combined output capacity of 118,000 MTPA, the company specializes in three film production lines: two BOPP lines and one BOPET line.
Product Portfolio: The supplier offers solid white, cavitated white/pearlized, matt, transparent, metalized and cavitated white/pearlized BOPP films. It can produce at a rate of 78,000 TPA. Polypropylene film is stretched through a machine and cross-directional after casting to create BOPP films. The films have a smooth surface and decent clarity and are resistant to wear and chemicals. The BOPP films also withstand UV rays and work well as moisture barriers.
Key Development:
Chiripal Poly Films Limited has announced plans to establish a 55k TPA BOPP line 3 factory in Hyderabad in 2021, where films with a 10.4 m width will be produced.
The India BOPP films market report would provide access to an approx. 42 market data table, 36 figures and 202 pages.
