What is Global Cavitated BOPP Film Market?
The Global Cavitated BOPP Film Market is a vast and dynamic sector that deals with the production, distribution, and consumption of Cavitated BOPP (Biaxially Oriented Polypropylene) Films. These films are a type of polypropylene film that has been stretched in both the machine and cross directions, resulting in a film that has superior strength and clarity. The global market for these films is significant, with a value of US$ 1718.1 million in 2023. The market is expected to grow further, reaching an estimated value of US$ 2330.8 million by 2030. This growth is driven by various factors, including the increasing demand for packaged food and beverages, advancements in film production technology, and the growing awareness about the benefits of using BOPP films over other packaging materials.
10-30 micron, 30-50 micron, 50-80 micron in the Global Cavitated BOPP Film Market:
The Global Cavitated BOPP Film Market is segmented based on the thickness of the films, which ranges from 10-30 microns, 30-50 microns, and 50-80 microns. Each segment has its unique applications and demand in the market. The 10-30 micron segment is primarily used in the packaging of lightweight products, while the 30-50 micron segment is used for medium weight products. The 50-80 micron segment, on the other hand, is used for heavy-duty packaging. The demand for each segment varies based on the requirements of the end-use industries. For instance, the food and beverage industry might prefer the 10-30 micron segment for packaging lightweight food items, while the industrial sector might opt for the 50-80 micron segment for heavy-duty packaging.
Food, Beverage, Others in the Global Cavitated BOPP Film Market:
The Global Cavitated BOPP Film Market finds its usage in various areas, including food, beverage, and others. In the food industry, these films are used for packaging various food items, including snacks, confectionery, and bakery products, among others. The superior strength and clarity of these films make them an ideal choice for food packaging. In the beverage industry, these films are used for packaging both alcoholic and non-alcoholic beverages. The films' resistance to moisture and oxygen makes them a preferred choice for beverage packaging. Apart from food and beverages, these films are also used in other areas, including pharmaceuticals, personal care, and home care products, among others.
Global Cavitated BOPP Film Market Outlook:
The outlook for the Global Cavitated BOPP Film Market is promising. In 2023, the market was valued at US$ 1718.1 million and is projected to reach US$ 2330.8 million by 2030, growing at a CAGR of 4.4% during the forecast period of 2024-2030. The market is dominated by key players such as Zhongshan Wing Ning, Oben Group, and Taghleef, which hold 6.71%, 6.11%, and 6.19% of the market revenue share, respectively. The majority of the product, more than 54%, is applied in the food industry, followed by the beverage industry, which holds a share of 29%.
| Report Metric | Details |
| Report Name | Cavitated BOPP Film Market |
| Accounted market size in 2023 | US$ 1718.1 million |
| Forecasted market size in 2030 | US$ 2330.8 million |
| CAGR | 4.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Oben Group, Zhongshan Wing Ning, Taghleef, Gettel Group, Vibac, SIBUR, Jindal Poly, Treofan, INNOVIA, Hebei Baoshuo, Poligal, Manucor, FlexFilm, Toray Plastics, Cosmo Films |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
