According to analysis by Future Market Insights (FMI), the global BOPP (Biaxially Oriented Polypropylene) packaging tapes market is projected to grow at a CAGR of 4.6% over the forecast period. The market is expected to increase from a value of US$18,954.8 million in 2023 to US$29,719.2 million by 2033.
BOPP packaging tapes find increasing applications in the food and beverage, chemicals, and pharmaceutical sectors. These tapes provide protection against chemicals and moisture, ensuring the safety and quality of the packaged contents. This characteristic has led to their widespread use in packaging food, chemicals, and pharmaceuticals.
BOPP packaging tapes are also highly printable, making them an excellent solution for marketing and branding purposes. They offer a cost-effective option for businesses that require packaging in large volumes. The growing adoption of BOPP packaging tapes by large businesses to fulfill their marketing needs is expected to drive market growth.
Furthermore, BOPP packaging tapes are recyclable, making them a sustainable choice for businesses aiming to reduce their environmental impact. Their durability, strength, and resistance to damage from abrasion make them ideal for industrial packaging of products such as chemicals, fertilizers, and cement.
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In the pharmaceutical industry, BOPP packaging tapes are increasingly used to protect contents from environmental factors. They provide an excellent option for packaging vitamins, drugs, and other supplements securely.
The textile industry also utilizes BOPP packaging tapes to seal cartons of fabrics, protecting them from dust and moisture during transportation and storage. This helps preserve the quality of the textiles being transported. Additionally, BOPP packaging tapes are employed in the automotive and construction sectors due to their 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.
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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.
Key Players:
- Bolex Shenzen Adhesive Products Co. Ltd.
- Intertape Polymer Group Inc.
- Vibac Group S.p.A
- 3M Company
- Delphon Industries LLC, and
- Tesa SE.
Key Segments Covered in BOPP Packaging Tapes Market Research
By Thickness:
- 35 – 50 Micron
- 51- 65 Micron
- Above 65 Micron
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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 Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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