Metalized Biaxially Oriented Polypropylene Films Market Size, Share & Trends Analysis Report By Application (Packaging, Laminations, Graphics, Labels & Tags, Electronics & Insulations), And Segment Forecasts, 2020 - 2027

Report Overview

The global metalized biaxially oriented polypropylene films market size was valued at USD 5.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2027. The growing packaging industry, which is driven by high consumerism in emerging economies, is expected to boost the demand for metalized biaxially oriented polypropylene (MBOPP) film over the forecast period. Regulatory bodies have laid down various guidelines regarding the safe usage of packaging materials in food and beverage applications. Amid the global COVID-19 pandemic situation, demand for various medical and healthcare products, such as temperature guns and pharmaceutical packaging, has increased. This, in turn, is driving the demand for MBOPP film in the medical packaging application segment. However, the consumer goods end-use segment is expected to grow at a higher rate than medical and healthcare and packaging end-use industry segments.

Demand for affordable consumer electronic products, such as laptop, mobile, and modems, has increased majorly through e-commerce websites. Rise in demand for consumer electronics has propelled the demand for MBOPP films in electronic insulation and packaging applications, which is expected to drive the market over the forecast period.

With the rising standard of living, growing consumerism, and increasing purchasing power parity among the consumers, the advertising industry has evolved and companies have started giving labels and tags inside the product packages, in addition to the product labeling. These additional labels and tags are used as an indirect and passive modes of advertising the product. The growth of the advertising industry using labels, tags, and graphics is expected to drive the market over the forecast period.

Application Insights

The packaging application segment led the market and accounted for more than 70.0% share of the global revenue in 2019. This is attributed to rising demand for packed food and beverages, medical, and personal care products. Personal hygiene products, such as electronic trimmers and shavers, along with housewares, cosmetics, and convenience goods, are the major products driving the demand for MBOPP films.

Asia Pacific is characterized by growing packaging industry and technological advancements in the industry. The growth of the packaging industry in the region is attributed to the high demand for food and beverages, consumer goods, and electronics, especially from China, India, and Southeast Asia. In addition, a flexible regulatory environment is expected to offset constraints that are usually evident in the Western markets.

Asia Pacific will witness significant growth in the years to come owing to rising electronics expenditure in the countries, such as China, India, and Japan. In addition, the presence of various electronic product manufacturers involved in research & development activities in the region, including ASE Electronics Malaysia, SMK Corporation, Honeywell International Inc., Bajaj Electronics, Havells Group, Aar-Em Electronics Pvt. Ltd., Lenovo, Huawei Technologies Co., Ltd., and Haier Inc., will propel industry expansion over the forecast period.

Regional Insights

Asia Pacific dominated the market and accounted for over 54.0% share of the global revenue in 2019. The electronics and medical and healthcare industries in the Asia Pacific are expected to grow in the years to come on account of COVID-19, which is driving the demand for consumer electronics and healthcare products.

Additionally, the packaging application segment is expected to witness considerable growth in the future owing to increasing demand for personal care products and delicate and smart electronics, such as laptops, mobile phones and accessories, and various other products. Amid the global COVID-19 pandemic, demand for electronics products, such as laptops and mobiles, has increased through the e-commerce websites. This trend is expected to drive the demand for MBOPP film over the forecast period.

Europe emerged as the second-largest regional market in 2019. The market is driven by the growth of major applications, such as packaging, electronics, and laminations, graphics, labels and tags. Rising demand for consumer electronic goods, such as home security systems, burgers, and laptops, along with the growth of the medical and healthcare industry in Italy, Germany, the U.K., and France, is anticipated to augment the regional market growth in the near future.

The market for metalized biaxially oriented polypropylene film in North America is expected to witness sluggish growth compared to Europe and the Asia Pacific as the cross-border trade among the economies got affected on account of the COVID-19 pandemic. The market is primarily driven by rising demand for medical products and packed food and beverages as the region has the highest per capita demand for packed food and beverages.

Key Companies & Market Share Insights

Companies in the market compete on the basis of product quality offered and technology used for the production of metalized biaxially oriented polypropylene (MBOPP) film. Major players are involved in the expansion of their manufacturing facilities, infrastructural development, investing in research & development facilities, and seeking opportunities to vertically integrate across the value chain. In March 2018, Jindal Films announced the expansion of metalizing and extrusion of the Brindisi, Italy manufacturing facility. This expansion is intended to cater to the growing demand for metalized film in various application industries.

These initiatives help them cater to the increasing global demand, ensure competitive effectiveness, enhance their sales and operations planning, develop innovative products and technologies, bring down their production costs, and expand their customer base. The global market is found to be significantly fragmented owing to the presence of a large number of manufacturers across the globe. Some of the prominent players in the metalized biaxially oriented polypropylene films market include:

• FlexFilms

• POLINAS

• DUNMORE Corporation

• Vibac Group S.p.a.

• Chiripal Poly Film Limited

• Cosmo Films

Metalized Biaxially Oriented Polypropylene Films Market Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global metalized biaxially oriented polypropylene films market report on the basis of application and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Packaging

    • Food & Beverages Packaging

    • Medical Packaging

    • Personal Care

    • Temper Evident Films

    • Horizontal Form Fill Seal (HFFS) and Vertical Form Fill Seal (VFFS) Packaging

  • Laminations, Graphics, Labels & Tags

  • Electronics & Insulations

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Southeast Asia

    • Malaysia

    • Indonesia

    • Thailand

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia