The global BOPP packaging tapes market is forecast to expand at 4.6% CAGR over the forecast period, as per FMI’s analysis. The industry’s size is predicted to surge from US$ 18,954.8 million in 2023 to US$ 29,719.2 million by 2033.
The BOPP packaging tapes market in Europe is poised to maintain its dominance, with an estimated market share exceeding 28.8% over the forecast period, as projected by FMI. The robust demand for BOPP packaging tapes, particularly in consumer goods, pharmaceuticals, and the electronics industry, is a primary driver of market growth. A significant contributing factor is the high discretionary income, especially among consumers aged between 25 to 44 years, fueling the BOPP packaging tapes industry.
The growing emphasis on green innovation within the packaging sector is elevating the importance of adhesive tapes, driving market innovations. An illustrative example is the September 2021 initiative by Monta Klebebandwerk GmbH, a German tape manufacturer, introducing Monta reTec 831. This self-adhesive tape, crafted from post-industrial recycled polypropylene (rPP), underscores the market’s commitment to sustainable practices and showcases the industry’s continuous strides in environmentally friendly solutions.
BOPP packaging tapes are increasingly used in F&B, chemicals, and pharmaceuticals sectors. BOPP packaging tapes are impervious to chemicals and moisture, thereby protecting the insides of the packaging safe from any environmental factor. Usage of BOPP packaging tapes ensures safety and quality of the contents. Following factors have been responsible for its use in packaging food, chemicals, and pharmaceuticals.
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BOPP packaging tapes are easy to be printed, making them a perfect solution for marketing and branding. Additionally, they are a cost-effective option for businesses that pack large volumes of products. Increasing adoption of BOPP packaging tapes by large businesses to meet their marketing needs is projected to boost market growth.
These tapes are also recyclable, making them a sustainable option for businesses to reduce their environmental impact. BOPP packaging tapes are an ideal packaging material for industrial products like chemicals, fertilizers, and cement. These tapes are suitable for industrial packaging owing to its durability, strength, and resistance to damage resulted from abrasions.
BOPP packaging tapes are being increasingly used to pack pharmaceuticals since it protects the contents from environmental factors. These tapes are an outstanding option to pack vitamins, packaging drugs, and other supplements.
BOPP packaging tapes are also used in textile industry to pack cartons of fabrics to seal them from dust and moisture during transport and storage. This helps preserve the quality of the textile being transported. In addition to this, the automotive and construction also employs BOPP packaging tapes due to its high-quality performance.
Top Highlights from the FMI’s Analysis of BOPP Packaging Tapes Industry:
- The Europe BOPP packaging tapes held a considerable share in the historical period. In 2022, the region registered 8% market share. Over the forecast period, the European region is expected to continue its market dominance.
- Following behind is North America, which attained 8% market share in 2022. Maximum share in the region is shared by the United States, which obtained 18.8% share in 2022.
- In the European region, Germany is expected to hold 9% market share. Besides, the United Kingdom is expected to expand at 1.6% CAGR in the next 10 years.
- In the Asia Pacific, India is anticipated to flourish at a significant CAGR of 6.9% over the forecast period.
- Based on adhesive, hot melt rubber is expected to attain 8% market share.
- On the basis of end use, the manufacturing and warehousing segment is projected to attain a maximum of 4% market share.
Other companies operating in the market include
- Bolex Shenzen Adhesive Products Co. Ltd.
- Intertape Polymer Group Inc.
- Vibac Group S.p.A
- Delphon Industries LLC
Key Developments Inducing the BOPP Packaging Tapes Market Growth
- Clearlake Capital Group, L.P. completely acquired Intertape Polymer Group Inc. in June 2022.
- Tesa S.E. laid the foundation for a new plant in Haiphong in January 2022. For this project, the company invested US$ 65.07 million. At this facility, the company is expected to produce 40 million square meters of adhesive tape annually.
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Key Segments Covered in BOPP Packaging Tapes Market Research
By Thickness:
- 35 – 50 Micron
- 51- 65 Micron
- Above 65 Micron
By Adhesive:
- Hot Melt Rubber
- Hot Melt Acrylic
By Width:
- 11mm -30 mm
- 31mm – 70 mm
- Above 70 mm
By End-user:
- Manufacturing & Warehousing
- Food & Beverages
- Chemicals & Lubricants
- Electronics & Electricals
- Automotive
- Personal care & Cosmetics
- E-Commerce
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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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