The latest report by IMARC, titled "BOPP Film Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of BOPP film prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
BOPP Film Prices December 2023:
- Saudi Arabia: 1548 USD/MT
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The study delves into the factors affecting BOPP film price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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BOPP Film Price Trend- Q4 2023
The extensive demand in the packaging industry for lightweight and durable materials represents one of the key factors driving the market growth of Biaxially Oriented Polypropylene (BOPP) film worldwide. Moreover, the trend towards sustainable and recyclable packaging solutions is becoming increasingly popular which is a major growth-inducing factor. In addition to this, the food industry is expanding at a rapid pace which includes the use of high-quality packaging materials, thereby significantly contributing to the market growth. Besides this, consumers are more interested in eco-friendly and safe packaging materials which, in turn, is propelling the market growth. Apart from this, significant technological progress in BOPP film production and recycling is bolstering the market growth. Additionally, the increased usage of BOPP film in premium packaging solutions and high-end items is stimulating the market growth. Furthermore, personalisation and customisation are becoming increasingly popular in packaging designs. The expanding uses for household and industrial purposes are boosting the market growth of BOPP film globally. The increasing popularity of flexible and versatile packaging materials are one of the pivotal factors driving the market growth of BOPP film worldwide. Moreover, the key industrial companies are increasing their investments in research and developmental (R&D) activities which, in turn, is propelling the market growth. The expanding online shopping and marketing to increase product accessibility is acting as a major growth inducing factor.
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. In the last quarter of 2023, the global market for BOPP (Biaxially Oriented Polypropylene) Films experienced notable shifts influenced by a variety of factors that impacted prices across different regions. A significant determinant was the fluctuation in feedstock polypropylene prices, which directly influenced BOPP film production costs. In North America, the BOPP film market faced a downturn, primarily due to declining feedstock prices and moderated demand from key sectors like FMCG packaging and automotive industries. The easing of sanctions on Venezuelan crude oil also contributed to reduced production costs in regions like Mexico, further pushing down BOPP film prices. Additionally, the absence of new business in December allowed companies to address backlogs, indicating a period of reduced demand which enabled suppliers to recalibrate their operations and inventory levels.
In the APAC and European regions, market trend for BOPP films were similarly affected by the stability or decline in raw material costs and demand fluctuations. In APAC, particularly China, post-festive season dynamics led to decreased demand in the packaging sector, resulting in an oversupply and prompting suppliers to offer discounts. This was compounded by a sharp decline in upstream crude oil prices, positively affecting production costs. Europe witnessed a bearish market as well, with ample supplies and moderate demand dynamics. Uncertainties in crude oil prices and polypropylene devaluation contributed to the reduction in production costs, while subdued demand across European markets and the impact of holiday seasons slowed down new orders and manufacturing activity. The MEA region mirrored these trend, with declining feedstock prices and a bearish market sentiment leading to reduced BOPP film prices, particularly in Saudi Arabia, where suppliers adjusted to market conditions with year-end discounts.
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Key Points Covered in the BOPP Film Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- BOPP Film Prices
- BOPP Film Price Trend
- BOPP Film Demand & Supply
- BOPP Film Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- BOPP Film Price Analysis
- BOPP Film Industry Drivers, Restraints, and Opportunities
- BOPP Film News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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