China BOPP Film Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China BOPP Film Market Analysis
China BOPP film market is anticipated to register a CAGR of 5.2% over the forecast period. BOPP films find their application in food packaging, especially in snacks and cookies, as they help increase items' shelf life, decreasing food waste. Aside from the barrier qualities, the low gauge spread of BOPP films ensures consistent seal integrity. For food packaging, the availability of food-grade film that offers flexibility and durability makes it an affordable choice. Its strength, versatility, and outstanding mechanical properties make it the best among other substitutes.
- China is one of the biggest economies in Asia-Pacific, and owing to its sizeable mid-income population, increasing disposable incomes, and high demand for packaged food and pharmaceutical products, the market as well is among similar dimensions. The increasing number of pharmaceutical products in China is significantly fueling the growth of barrier films in the country.
- BOPP films are being utilized increasingly for packaging, labeling, and laminating purposes. These films are the world's favorite substrates for food packaging due to their innate moisture barrier qualities, sealability, excellent clarity, graphic replication, and shelf appeal. A monolayer or homogenous structure is the best possible type of pack. Globally, BOPP films are in great demand because of the expanding flexible packaging sector. It is also popular in the food and labeling sectors as a reverse-printed, coextruded heat-sealable film.
- The expansion of food and beverage e-commerce, improving economy, and increased disposable income contributed to the increased consumption of packaged goods, which requires packaging to protect the commodities from contamination and damage. This tendency is likely to boost the vendor's manufacturing capacity and growth throughout the anticipated year.
- However, environmental rules are driving the industry and paving the way for the requirement for flexible packaging since using flexible packaging, as opposed to rigid packaging, has significant environmental advantages. The Flexible Packaging Association examined the ecological benefits of employing a flexible pouch. For instance, according to Sealed Air, pouches yield 20% more products than rigid containers.
- Additionally, the COVID-19 pandemic scenario had a positive impact on the expansion of chemicals due to a growing need for high-quality films in the pharmaceutical business. The growth of the Chinese BOPP films market is aided by using BOPP films over the anticipated period. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem owing to inceased raw material and energy price.
China BOPP Film Market Trends
This section covers the major market trends shaping the China BOPP Film Market according to our research experts:
Growing Demand of Flexible Packaging
- Owing to their advantageous features and low price, BOPP films are utilized in food packaging and are replacing cellophane in applications like snack and cigarette packaging. Many different uses fall under the packaging category, including those for non-alcoholic drinks and the food industry. For instance, according to the stats published by Banco do Nordeste, the annual consumption of non-alcoholic beverages in China has been increasing since 2011, and it reached 104.38 billion liters in 2021. The increasing demand for beverages is anticipated to propel the demand for BOPP film in the expected time frame.
- Also, changes in packaging styles, innovations in flexible packaging designs, and increased demand for personal care products owing to the rise in the young population preferring its use are expected to drive the market for BOPP films in China. Also, manufacturers are investing in opening production sites to cater to the increasing demand for BOPP films. For instance, in June 2022, Fujian Forop Advanced Materials, one of the manufacturers and sellers of BOPP film products in the Chinese market, means to start two new production sites in southeast and southwest China by 2025, leading to six production sites with 30 BOPP production lines. This industrial development will boost the company's production potential, which intends to become the world's largest producer of BOPP film.
- Additionally, the need for flexible packaging is mainly driven by health considerations, as consumer knowledge of packaging solutions and their health advantages is rising. Moreover, the country's growing dependence on prepared and ready-to-eat foods has raised the need for flexible packaging, particularly in the snack market.
Growing Demand for Packaged Food
- One of the industries with the fastest growth, particularly in China, is packaged or ready-to-eat food. The accelerated pace of urban life and the sharp increase in wealth and standard of living drive the use of packaged foods.
- Retail establishments in China generate revenue from retail sales of food products. Flexible packaging products like BOPP films have become the preferred packaging in the area because of their versatility, ability to be tailored, efficacy in protecting resources, and sustainability. They also provide consumers with a comfortable shopping experience by making it easier to move the products because of their small weight.
- For instance, according to the National Bureau of Statistics of China, online retail sales of physical goods in China increased from CNY 10.8 trillion (~USD 1.54 trillion) in 2021 to CNY 5.48 trillion (~USD 780 billion) in 2017. Online retail sales have been growing steadily in the past six years in China, which is anticipated to boost the growth of BOPP film packaging in the forecast time.
- Additionally, the retail sales value of packaged food is expected to grow in the country and is projected to reach USD 366.7 billion in 2025. According to Agriculture and Agri-Food Canada, retail sales of packaged food in China were USD 284 billion in 2020. It is projected to grow at a CAGR of 5.3 % and reach USD 366.7 billion in 2025 from USD 298.01 in 2021.
China BOPP Film Industry Overview
The Chinese BOPP film market is fragmented due to the presence of numerous local and global vendors in the market ecosystem. The international market players have adopted ways to accelerate the development of BOPP packaging in China, such as vertical and horizontal integration and expanding their production. Qingdao Kingchuan Packaging, RuiYann Industrial Co. Ltd, Zhejiang Haibin Film Technology Co. Ltd, Zhejiang Kinlead Innovative Materials Co. Ltd, and Zhejiang Changyu New Materials Co. Ltd are some of the key players in the market.
In March 2022, ChemmartNorth China assisted its top three industry customers in creating 8 microns of biaxially oriented polypropylene (BOPP) film, filling a gap in developing similar goods in China in terms of lightweight. The company has been aware of the BOPP industry's possible business opportunities. It has begun a complete examination of suitable clients in the region, having chosen a strategic customer in Fujian with a high degree of compatibility to carry out trial material marketing activity. The company accurately tailored the "one household, one case" service plan of "piloting a single production line first, then popularizing the entire production line" for the customer in response to the customer's requests and the actual production line.
China BOPP Film Market Leaders
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Qingdao Kingchuan Packaging
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RuiYann Industrial Co. Ltd
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Zhejiang Haibin Film Technology Co. Ltd
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Zhejiang Kinlead Innovative Materials Co. Ltd
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Zhejiang Changyu New Materials Co. Ltd
*Disclaimer: Major Players sorted in no particular order
China BOPP Film Market News
- November 2022: Hubei Teng Lei New Material Science and Technology Co. Ltd and Brückner Maschinenbau teamed up for a BOPP film production project, with a speed of 600m/min and hourly output of approx. 8.4 tons.
China BOPP Film Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Demand for Packaged Food
5.2 Market Challenges
5.2.1 Environmental Regulation Paving Way for Flexible Packaging Requirements (over Rigid Packaging materials)
6. Overview of the Global BOPP Film Market
7. MARKET SEGEMENTATION
7.1 By End-User Verticals
7.1.1 Food
7.1.2 Beverage
7.1.3 Pharmaceutical and Medical
7.1.4 Industrial
7.1.5 Other End-user Verticals
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles*
8.1.1 Qingdao Kingchuan Packaging
8.1.2 RuiYann Industrial Co. Ltd.
8.1.3 Zhejiang Haibin Film Technology Co. Ltd.
8.1.4 Zhejiang Kinlead Innovative Materials Co.,Ltd.
8.1.5 Zhejiang Changyu New Materials Co., Ltd.
8.1.6 Quanzhou Lichang Plastic
8.1.7 Zhejiang YIMEI Film Industry Group Co.
8.1.8 Anhui Guofeng Plastic Industry Co., Ltd. (Anhui Guofeng New Materials Co., Ltd.)
8.1.9 Foshan Plastics Group Co., Ltd.
8.1.10 San-East Group Limited
9. INVESTMENT ANLAYSIS
10. FUTURE OF THE MARKET
China BOPP Film Industry Segmentation
BOPP films (Biaxially Oriented Poly Propylene Films) are flexible plastic types produced by stretching polypropylene film in both transverse direction and machine direction. BOPP film applications range from its use in packaging, labeling, and lamination. BOPP Films are the preferred substrate for food packaging owing to their inherent moisture barrier properties, high clarity, seal ability, graphic reproduction, and shelf appeal, the possibility of the pack being a monolayer/homogeneous structure. For food packaging, it is prominently used as a co-extruded heat-sealable reverse printable film. In labeling, it is preferred owing to its yield benefit (lowest density of 0.55 for IML orange peel effect), recyclability with PP containers, etc.
BOPP Films has a strong demand globally which is driven by expanding flexible packaging industry. The market study scope is limited to packaging applications and tracks the demand through the revenue derived from the consumption and sales of BOPP film in the domestic market. The study also tracks the effects of regulations and market drivers on growth and factors restraining market growth. The market is segmented by end-user verticals (food, beverage, pharmaceutical and medical, industrial, and other end-user verticals). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
China BOPP Film Market Research FAQs
What is the current China BOPP Film Market size?
The China BOPP Film Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in China BOPP Film Market?
Qingdao Kingchuan Packaging, RuiYann Industrial Co. Ltd, Zhejiang Haibin Film Technology Co. Ltd, Zhejiang Kinlead Innovative Materials Co. Ltd and Zhejiang Changyu New Materials Co. Ltd are the major companies operating in the China BOPP Film Market.
What years does this China BOPP Film Market cover?
The report covers the China BOPP Film Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China BOPP Film Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China BOPP Film Industry Report
Statistics for the 2024 China BOPP Film market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China BOPP Film analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
