Introduction
MOPP (Monoaxially Oriented Polypropylene) packaging films have gained significant popularity in the packaging industry. With their exceptional mechanical and optical properties, MOPP packaging films offer excellent barrier properties and durability, making them ideal for various applications. In this article, we will delve into the MOPP Packaging Films Market and explore its growth, applications, benefits, and future prospects.
MOPP Packaging Films Market: Understanding the Industry
The MOPP Packaging Films Market has been witnessing steady growth in recent years. These films are widely used for packaging different products, including food and beverages, pharmaceuticals, personal care products, and more. The demand for MOPP packaging films can be attributed to their ability to provide excellent moisture resistance, high clarity, good heat resistance, and printability. Additionally, MOPP packaging films are cost-effective and environmentally friendly, making them a preferred choice for many industries.
The MOPP packaging films market is expected to experience significant demand, with an estimated value of US$ 243.6 million by 2023. FMI’s projections indicate a steady compound annual growth rate (CAGR) of 4.9% for MOPP packaging films demand between 2023 and 2033.
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Key Features of MOPP Packaging Films
MOPP packaging films possess several key features that make them a preferred choice for packaging applications:
- High Clarity: MOPP films offer excellent transparency, allowing consumers to view the product inside the package, thereby enhancing its appeal.
- Moisture Barrier: These films provide a reliable moisture barrier, protecting the contents from humidity and moisture-related damages.
- Chemical Resistance: MOPP films exhibit resistance to various chemicals, ensuring the integrity of the packaged product.
- Printability: The surface of MOPP films allows for vibrant and high-quality printing, enabling brands to showcase their logos, product information, and promotional content effectively.
Growing preference regarding eco-friendly packaging alternatives is encouraging advancements in MOPP packaging films market. These films are made from a single material and have high recycled value. As a result, increasing adoption of sustainable solutions in the packaging industry to comply with environment protection initiatives will continue driving sales of MOPP packaging films during the forecast period.
As per FMI’s in-depth regional analysis, the U.S. is projected to dominate the North America MOPP packaging films market. Growth can be attributed to the presence of several key market players in the country and high demand from the pharmaceutical and foodservice industries.
“Market players are currently focusing on product innovations to offer greater sustainability. Besides this, emphasis on research initiatives is expected to increase as companies aim at offering customized packaging solutions for specific industries,” says the FMI analyst.
Key players
- Futamura Chemical Co., Ltd.
- Toray Plastics (America), Inc.
- Now Plastics Inc.
- Transcendia, Inc.
- Monta Klebebandwerk GmbH
- Nowofol Kunststoffprodukte GmbH & Co. KG
- Lenzing Plastics GmbH Co KG
Key Takeaways:
- By thickness, above 60-micron MOPP packaging films segment is projected to grow at a 5.6% CAGR through 2031.
- Based on application, the labels segment is expected to hold 38.6% of the total MOPP packaging films market share in 2031.
- Sales of MOPP packaging films in the food industry are projected to expand at a CAGR of 5.6% during the forecast period.
- The U.S. is anticipated to emerge as a lucrative market, accounting for 86.2% of sales in North America by 2031.
- Germany is projected to hold 15.8% of the Europe MOPP packaging films market by the end of 2031.
Growth and Future Prospects
The MOPP Packaging Films Market is witnessing robust growth and is expected to continue its upward trajectory in the coming years. The increasing demand for packaged food and beverages, the rise in e-commerce activities, and the growing awareness about sustainable packaging solutions are the key factors driving the market growth. Additionally, advancements in film manufacturing technologies and the development of bio-based MOPP films are further fueling the market expansion.
According to market analysts, the Asia-Pacific region holds a significant share in the MOPP Packaging Films Market, owing to the booming food and beverage industry and the increasing population. North America and Europe are also prominent markets for MOPP packaging films, driven by the rising demand for convenience foods and stringent regulations regarding product safety and quality.
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MOPP Packaging Films Market by Category
By Thickness:
- Below 30 microns
- 30 to 60 microns
- Above 60 microns
By Application:
- Labels
- Tapes
- Wraps
- Laminates
By End Use:
- Food
- Beverages
- Cosmetics & Personal Care
- Electrical & Electronics
- Pharmaceutical
- Other Industrial
India will continue exhibiting high demand for MOPP packaging films over the forecast period, holding 48.7% of the South Asian market share. North America and Europe currently hold over 53.6% of the total MOPP packaging films market owing to presence of well-established packaging films industry.
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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