BOPP Film Prices

BOPP Film Prices September 2024

The BOPP film prices in the United States for Q3 2024 reached 2500 USD/MT in September. The region saw prices fluctuate due to weak downstream demand and logistical challenges. July offered some relief with rising feedstock PP costs, and the following months reversed this trend, reducing production expenses. Seasonal and international economic factors contributed to market instability, marking a downhill pricing path.

The price trend for BOPP film in China for Q3 2024 settled at 1345 USD/MT in September. The market was marked by reduced prices due to decreasing demand in the packaging sector and excess feedstock stock. Furthermore, the Mid-Autumn Festival reduced transaction activities, revealing cautious market participation and contributing to a subdued pricing trend.

In Germany, the BOPP film prices for Q3 2024 reached 2640 USD/MT in September. The market felt considerable changes in BOPP film pricing during Q3 2024, influenced by rising feedstock costs and fluctuating demand. While new export orders remained low, internal market sentiment showed slight improvement mid-quarter before stabilizing. The pricing trend reflected broader regional dynamics.

The BOPP film prices in Saudi Arabia for Q3 2024 reached 1740 USD/MT in September. The market maintained stable BOPP film prices during the third quarter of 2024, supported by balanced manufacturing and reliable feedstock costs. Downstream demand remained limited, with no significant shifts between the 1st and 2nd half of the quarter, highlighting a steady market environment.

BOPP Film Prices June 2024

The BOPP film prices in the United States for Q2 2024 reached 2447 USD/MT in June. The prices followed an upward trend throughout Q2 2024, influenced by seasonal demand for plastic products and escalating feedstock costs. Supply chain disruptions, such as limited vessel space and increased freight expenses, further impacted pricing. Seasonal peaks in demand for packaging materials contributed to consistent price hikes. The market’s performance reflected a resilient outlook despite facing logistical challenges, with stable seasonal trends providing support.

The price trend for BOPP film in South Korea for Q2 2024 settled at 1696 USD/MT in June. The market displayed gradual price increases during Q2 2024, driven by strong manufacturing activity and seasonal demand. Moreover, the increasing prices of raw materials and tight freight capacity significantly influenced market dynamics. The steady rise in demand for packaging films during peak production periods ensured a positive pricing trajectory. Despite global economic challenges, the market showed resilience through consistent local demand and stable production.

In Germany, the BOPP film prices for Q2 2024 reached 2673 USD/MT in June. The market saw a downward trend in Q2 2024 due to oversupply and reduced demand from packaging industries. Moreover, reducing costs of feedstock propylene and decreasing crude oil costs eased production expenses and failed to counteract weak purchasing activity. Seasonal production increases further contributed to excess inventory, pushing prices lower. The market remained pressured by competitive pricing and subdued consumer activity.

The BOPP film prices in Saudi Arabia for Q3 2024 reached 1797 USD/MT in September. The market experienced stable pricing during Q2 2024, supported by balanced supply and demand conditions. Limited downstream activity, especially in packaging, helped maintain market equilibrium. Despite a moderate price increase over the earlier quarter, the market showed little volatility, with consistent supply levels aiding predictability. The overall environment reflected steady and cautious trading activity.

BOPP Film Prices December 2023

In Saudi Arabia, the BOPP films market observed price adjustment during Q4 2023, due to fluctuations in upstream crude oil prices. This period saw a decline in crude oil prices, which, in turn, facilitated lower production costs for BOPP films by making the feedstock polypropylene more affordable within the Saudi market.

Despite a strengthening in non-oil sectors, the demand for BOPP films among businesses remained subdued, attributed to an oversupply and challenging demand conditions in international markets.

Consequently, suppliers in Saudi Arabia managed their operations by relying on existing inventories and introduced year-end discounts to stimulate the market. By the end of Q4 2023, the price for BOPP film in Saudi Arabia was established at 1548 USD/MT.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the BOPP film price trend. 

Global BOPP Film Price

The report offers a holistic view of the global BOPP film pricing trends in the form of BOPP film price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of BOPP film, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed BOPP film demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe BOPP Film Price

Q3 2024:

In Q3, the area witnesses a rise in the product costs, on account of substantial trends which further affected market sentiments. The increase in feedstock PP prices influenced costs to rise, regardless of lesser consumption rates from the end use packaging industry. Global crude oil prices also contributed to this trend. Latest export orders are constantly reducing at a substantial rate.

Q2 2024:

The European BOPP film market in Q2 2024 faced downward pricing pressures amid oversupply and subdued demand from the packaging industry. Declining costs of feedstock propylene and crude oil contributed to reduced production expenses. Market shifts toward sustainable and alternative materials further impacted traditional BOPP film demand. Germany experienced the sharpest changes, grappling with low economic activity and delayed imports, which exacerbated oversupply. Seasonality led to increased production, and weak summer demand kept inventories high, triggering competitive pricing strategies. These dynamics underscored the challenges within the European market, highlighting the shift toward environmentally conscious solutions.

Q4 2023:

The European region faced a downtrend, with abundant supplies and moderated FMCG packaging demand impacting prices. Crude oil price uncertainties and polypropylene devaluation lowered production costs. Germany's manufacturing saw a contraction easing towards the end of 2023, with reduced purchasing and workforce adjustments. The period experienced diminished orders, especially from abroad, amidst the holiday season slowing demand further.

This analysis can be extended to include detailed BOPP film price information for a comprehensive list of countries.

North America BOPP Film Price

Q3 2024:

The BOPP film market saw a downward trend in Q3 2024, driven by decreased demand, logistical disruptions, and delivery uncertainties in North America. July witnessed a brief price increase due to a rise in feedstock PP costs, and the following months saw a decline, alleviating manufacturing expenses. Mexico displayed the most considerable cost fluctuations, impacted by seasonal factors and broader economic conditions. The consistent downward trend in pricing highlighted challenges across the market, reflecting weak demand and unfavorable sentiment. Seasonal influences and global economic shifts further pressured the market, signaling sustained difficulties in the region’s BOPP pricing landscape.

Q2 2024:

The BOPP film market in North America had a steady and somewhat rising pricing trend in Q2 2024. The stable pricing at the start of the quarter gradually increased owing to the increasing prices for feedstock polypropylene and constant logistics problems, including higher freight costs. The market was impacted by unstable crude oil costs, which put further pressure on the cost of basic materials. Market prices increased as a result of supply chain restrictions exacerbated by limited vessel space. Due to ongoing constraints on feedstock prices and seasonal demand for completed plastic products, the USA saw the most noticeable fluctuations. Notwithstanding these obstacles, the pricing environment demonstrated tenacity, underpinned by stable demand and strong market dynamics.

Q4 2023:

In North America, BOPP film the market experienced a downturn, primarily due to reduced demand in the automotive sector and moderate needs from FMCG packaging. The fall in feedstock polypropylene prices throughout the fourth quarter contributed to this decline. Mexico saw a decrease in BOPP Film prices, driven by steady demand in packaging and lower polypropylene production costs, thanks to eased sanctions on Venezuelan crude oil. The period also allowed companies to address and clear backlogs due to a scarcity of new business.

Specific BOPP film historical data within the United States and Canada can also be provided.

Middle East and Africa BOPP Film Price

Q3 2024:

The Middle East and Africa (MEA) BOPP film market experienced stable pricing throughout Q3 2024, with balanced supply-demand conditions and moderate production activity. Feedstock costs remained consistent, aiding price stability despite limited downstream demand. Saudi Arabia led regional price fluctuations, mirroring the broader market’s steadiness. With no significant variations between the quarter of 1st and 2nd half, the pricing environment remained largely unaffected by external pressures. The lack of pronounced changes emphasized the region's stable market dynamics, offering a contrast to the volatile trends observed in other regions.

Q2 2024:

The Middle East and Africa (MEA) region maintained a stable pricing trend for BOPP film during Q2 2024, reflecting balanced supply and demand dynamics. Sufficient product availability and cautious purchasing activity helped avoid significant price fluctuations. Limited downstream demand, particularly in packaging and labeling, contributed to a predictable market environment. In Saudi Arabia, prices rose modestly over the previous year and quarter, and no significant changes were observed during the quarter itself. The steady market environment, though reflecting limited demand, provided much-needed predictability for manufacturers and traders.

Q4 2023:

The BOPP film market in the Middle East and Africa (MEA) region observed a decline, characterized by balanced supply but low demand, affecting prices alongside dropping polypropylene costs due to reduced crude oil prices. Saudi Arabia saw notable price decreases, with overall weak BOPP consumption amid an oversupplied market and discounted year-end pricing strategies. This situation underscored a stable but challenging market environment, with companies adapting to prevailing conditions.

In addition to region-wise data, information on BOPP film prices for countries can also be provided.

Asia Pacific BOPP Film Price

Q3 2024:

BOPP film prices in the Asia Pacific region continued to deteriorate due to weak demand from packaging and related sectors in Q3 2024. Surplus feedstock supply reduced production costs, compounding the bearish market sentiment. Holiday periods like the Mid-Autumn Festival slowed trading activities, leaving downstream businesses cautious with low transaction volumes and limited purchasing intent. Despite occasional replenishment of stocks, the market lacked robust demand, contributing to persistently low prices. A notable decrease was observed compared to the earlier quarter, underscoring the ongoing challenges of oversupply and sluggish demand in the region’s BOPP film market.

Q2 2024:

BOPP film prices in the Asia Pacific area steadily increased in Q2 2024, driven by rising feedstock costs like propylene, which were caused by unstable crude oil costs and strong procurement activity. Overall pricing pressures were exacerbated by increased freight expenses due to limited vessel availability. Strong PMI readings and the expansion of the manufacturing sector supported the high demand for BOPP film, especially in the packaging industry. With noticeable seasonal demand fueling gradual price hikes, South Korea emerged as a significant market. The area established itself as a major contributor to the BOPP Film market by demonstrating stability via strong production and consistent market demand despite difficulties from global cost concerns.

Q4 2023:

The BOPP film pricing in the Asia Pacific region showed slight downturns amid stable polypropylene prices. Post-Mid-Autumn festival, China's demand dropped, leading to an oversupplied market managed by discounts. Korea maintained stable demand for exports without significant festive impact. The decline in crude oil prices positively influenced production and feedstock costs, supporting a period of market adjustment with supply exceeding demand, leading to price concessions.

This BOPP film price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America BOPP Film Price

Q3 2024:

Latin America’s BOPP film market faced a steady decline in prices, attributed to weak demand, logistical hurdles, and supply chain disruptions in Q3 2024. Seasonal factors like reduced activity during winter months, coupled with adverse weather events, further pressured the market. Brazil experienced the most noticeable price shifts, reflecting challenges in balancing supply and demand. Low overseas orders and cautious purchasing behaviors accentuated the downward trajectory. The region’s pricing environment continued to face headwinds, reflecting an overall bearish sentiment driven by external and internal market conditions.

Q4 2023:

The analysis of BOPP film prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

BOPP Film Price Trend, Market Analysis, and News

IMARC's latest publication, “BOPP Film Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” presents a detailed examination of the BOPP film market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of BOPP film at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed BOPP film price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting BOPP film pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

BOPP Film Market Analysis

The global BOPP film market size reached US$ 21.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 31.6 Billion, at a projected CAGR of 4.50% during 2023-2032.

• The global expansion of the packaging sector, particularly in food, pharmaceuticals, and cosmetics, drives demand for BOPP films due to their excellent barrier properties. As per estimates by IMARC, the global flexible packaging market is projected to reach US$ 190.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
• Increasing consumer and regulatory push for more sustainable packaging solutions has led to a rise in the demand for recyclable and eco-friendly BOPP films. For instance, IRPLAST, an Italian company, launched NOPP+, a new range of films made from 90% second-generation bio-based feedstocks, primarily used cooking oil (UCO) in April 2023. The NOPP film range, which includes both tall oil-based and UCO-based BOPP films, offers the same properties as traditional fossil-based BOPP films, ensuring excellent converting performance on high-speed machines and suitability for various markets. The NOPP film range is ISCC PLUS certified, food contact approved, and 100% recyclable in normal polyolefin waste separation streams. IRPLAST's unique LISIM-Brückner technology is used in the production of NOPP films, providing balanced mechanical stretch properties.
• Technological advancements in film properties, such as improved barrier characteristics, mechanical strength, recyclability, and printability, are expanding BOPP films' applicability. In August 2023, 3 companies, Toppan, Mitsui Chemicals Tohcello, and Mitsui Chemicals, launched joint pilot testing for horizontally recycling printed BOPP flexible packaging film into new BOPP film. The companies aim to have this technology implemented in by FY2025 in line with the milestone laid out by the Ministry of the Environment’s Resource Circulation Strategy for Plastics, Japan.
• The growth of the retail industry, especially in emerging economies, necessitates high-quality packaging solutions that BOPP films can provide. As per IMARC estimates, the global retail industry is projected to exhibit a growth rate (CAGR) of 5.54% during 2024-2032, reaching US$ 46,304.9 Billion by 2032. The rising demand for convenient, lightweight, and resealable packaging among consumers boosts the BOPP films market.
• BOPP films' ability to extend the shelf life of products by protecting against moisture and oxygen drives their usage in food packaging. With the global food packaging industry projected to surpass US$ 600 Billion by 2032, the demand for BOPP is projected to increase considerably.

BOPP Film News

The report covers the latest developments, updates, and trends impacting the price of BOPP film, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the BOPP film price trend.

Latest developments in the BOPP film industry:

• April 2024: UFlex, an Indian multinational flexible packaging and solutions company, started commercializing poly-condensed polyester chips at its Panipat, India manufacturing facility, with an installed capacity of 168,000 MTPA. The facility will primarily produce poly-condensed polyester chips, a key raw material for packaging films, catering to both in-house demand and third-party customers. This expansion strengthens UFlex's presence in the packaging film industry and supports its vertical integration strategy.
• December 2023: Cosmo First (formerly Cosmo Films) launched Metallized Capacitor Grade BOPP Films for capacitor manufacturing. The films are manufactured under clean room conditions with micro slitting capability and a thickness range of 2.5 to 12 microns. The company has an installed capacity of approximately 750 MT per annum for these metallized films and aims to scale up this product category in the future.
• February 2023: Toray Advanced Materials Korea Inc., a subsidiary of Toray Industries, Inc., announced that it will increase annual production capacity for TORELINA™ polyphenylene sulfide (PPS) resin by 5,000 metric tons at a plant in Gunsan, Korea, from December 2024. This expansion will bring the Toray Group's combined PPS manufacturing capacity to a world-leading 32,600 metric tons annually.

Product Description

Biaxially oriented polypropylene (BOPP) films are a type of thermoplastic polymer material that undergoes a biaxial orientation process, enhancing the strength, clarity, and barrier properties. This process involves stretching the film in both the machine direction (MD) and the transverse direction (TD), resulting in a material that is ideal for various packaging, labeling, and lamination applications.

BOPP films are characterized by their excellent moisture and gas barrier qualities, high tensile strength, superior transparency, and resistance to UV light. The orientation process provides BOPP films with stability and resistance to shrinkage at different temperatures. These films are also resistant to acids, alkalis, and solvents, making them suitable for packaging a variety of products. As they are non-toxic and do not react with the contents, BOPP films are considered safe for use in the packaging industry for food, textiles, pharmaceuticals, and personal care products.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of BOPP film pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting BOPP film price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The BOPP film price charts ensure our clients remain at the forefront of the industry.