Demand for biaxially oriented polypropylene (BOPP) has grown 3.5% per annum over the last five years (to the end of 2019). The industry is worth around US$14 billion, supplying around 8.3 million tonnes last year. But what effect has a year of unprecedented change had on the outlook for BOPP?
This article draws on findings from our latest BOPP Film Global Supply Demand Report.
Slower demand in China had slowed global growth at the start of 2020
Chinese BOPP film demand has been unable to match the pace of new capacity added in China in recent years. Additional capacity has meant increased competition, excess product in the market and rising inventories.
Film demand growth slowed steeply in 2019, with some sources even reporting a slight decline in consumption. In the first half of last year, there was a noticeable reduction in operating rates – an apparent attempt to balance a well-oversupplied market.
As the world’s largest BOPP film market (accounting for almost half of global demand), China’s slowing demand growth has resulted in a slower global growth rate overall, in the last five years to the end of 2019.
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ReplyDeleteThanks for sharing this useful information on printed BOPP films! With the growing demand for packaging solutions, I’ve noticed that the price of printed BOPP films can vary quite a bit depending on factors like print quality, design complexity, and order volume. It’s good to see that Printed BOPP film prices have become more competitive, making BOPP a popular choice for packaging in industries like food, cosmetics, and retail.
ReplyDeleteThe durability, clarity, and excellent printability of BOPP films are definitely key reasons why businesses choose them despite price fluctuations. I’m curious if there are specific suppliers or regions where prices are more affordable, especially for bulk orders. Looking forward to more insights!
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