MOPP Packaging Films Market Increase At A Steady 4.9% CAGR by 2033 | FMI Study

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.

The United Kingdom is taking a prominent role in the European market for MOPP (Biaxially Oriented Polypropylene) packaging films, with robust growth projections from 2023 to 2033. The market is set to expand at a notable CAGR of 4.09%, culminating in a market value of US$10.7 million.

This expansion is propelled by several key factors. Firstly, there’s a mounting demand for flexible packaging solutions, accentuated by consumers favoring lightweight materials. Additionally, the call for packaging that ensures product protection is on the rise, underlining the significance of MOPP films. The surging preference for convenience foods is another driving force behind the market’s growth.

Looking ahead, the food and beverage industry’s increasing reliance on MOPP packaging films is expected to play a pivotal role in driving market growth. With these factors in play, the United Kingdom’s MOPP packaging films market is poised for a promising and dynamic future.

Germany’s MOPP (Biaxially Oriented Polypropylene) packaging films market commenced its expansion with a notable 4.9% market share and a value of US$11.5 million in 2022. The outlook for this sector remains promising, with expectations of an incremental opportunity worth US$3.3 million from 2023 to 2033. Germany is poised to secure the second-highest market share in the European MOPP packaging films Industry, contributing around 15.8% by 2031.

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A key catalyst for this growth is the flourishing cosmetics industry in Europe. Over the past decade, this industry has consistently thrived, driven by consumers’ affinity for high-end cosmetic brands and the ever-increasing focus on appearance, particularly among millennials. According to Cosmetics Europe, the German cosmetics and personal care market alone was valued at approximately US$17 billion in 2020.

Furthermore, the widespread applications of MOPP labels and wraps in the personal care and cosmetics sectors, coupled with Germany’s strong presence of key manufacturers, continue to fuel the demand for MOPP packaging films, cementing Germany’s position as a significant player in this market.

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 Industry by the end of 2031.

Key Features of MOPP Packaging Films

MOPP packaging films possess several key features that make them a preferred choice for packaging applications:

1. High Clarity: MOPP films offer excellent transparency, allowing consumers to view the product inside the package, thereby enhancing its appeal.
2. Moisture Barrier: These films provide a reliable moisture barrier, protecting the contents from humidity and moisture-related damages.
3. Chemical Resistance: MOPP films exhibit resistance to various chemicals, ensuring the integrity of the packaged product.
4. 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.

Market Drivers-

1. Growing Demand for Flexible Packaging: The increasing preference for flexible packaging solutions, driven by consumer convenience and lightweight packaging materials, fuels the demand for MOPP films.
2. Product Protection: Rising awareness about the need for product protection against external factors like moisture, oxygen, and light contributes to the popularity of MOPP packaging films.
3. Convenience Foods: The surging demand for convenience foods is a significant driver as these products often require efficient, easy-to-use, and protective packaging, for which MOPP films are well-suited.
4. Cosmetics and Personal Care Industry: The growth of the cosmetics and personal care industry, driven by consumer preferences for high-end brands and increasing emphasis on appearance, results in elevated demand for MOPP packaging films for labeling and packaging applications.
5. Market Expansion: Germany and the United Kingdom, as key players in the European market, are projected to lead the market expansion, creating substantial opportunities for MOPP packaging films.
6. Sustainability: The recyclability and environmental benefits of MOPP films contribute to their growing adoption, aligning with global sustainability initiatives.

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Key Segmentations-

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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