The MOPP packaging films market is projected to register high demand, with the overall valuation reaching US$ 243.6 million in 2023. FMI also forecasts MOPP packaging films demand to increase at a steady 4.9% CAGR between 2023 and 2033.
MOPP packaging films are a type of biaxially-oriented polypropylene film that is used for packaging various products such as food, pharmaceuticals, and consumer goods. These films are known for their excellent strength, durability, and heat resistance, making them ideal for use in a wide range of applications. The MOPP packaging films market has been experiencing steady growth in recent years, driven by the increasing demand for high-quality and sustainable packaging solutions.
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The Growing Popularity of MOPP Packaging Films-
The use of MOPP packaging films has become increasingly popular in recent years, due to their numerous benefits over traditional packaging materials such as glass, metal, and paper. Some of the key advantages of MOPP packaging films include:
- Excellent moisture barrier properties: MOPP films have excellent moisture barrier properties, which help to protect the contents of the package from moisture and humidity. This makes them ideal for packaging food, pharmaceuticals, and other products that are sensitive to moisture.
- High strength and durability: MOPP films are known for their high strength and durability, which makes them ideal for use in packaging applications where the contents need to be protected from damage or contamination during transportation and storage.
- Excellent heat resistance: MOPP films have excellent heat resistance, which makes them ideal for use in applications where the packaging needs to withstand high temperatures. This makes them ideal for packaging hot and cold food products, as well as pharmaceuticals and other products that require heat-sealing.
- Environmentally friendly: MOPP films are environmentally friendly, as they are recyclable and can be reused multiple times. This makes them an excellent choice for companies that are looking to reduce their environmental footprint.
Increasing applications of MOPP packaging films in manufacturing of tapes, wraps and labels is driven by their superior benefits such as high tensile strength and tear resistance.
Not only MOPP packaging films have beneficial mechanical properties, but they are visually appealing and contribute to a product’s aesthetic appeal, becoming an ideal choice of primary and secondary packaging solutions.
Factors Driving the Growth of the MOPP Packaging Films Market=
There are several factors that are driving the growth of the MOPP packaging films market. Some of the key drivers include:
- Growing demand for sustainable packaging solutions: With the increasing focus on sustainability, many companies are looking for packaging solutions that are eco-friendly and can be recycled. MOPP packaging films are an excellent choice for companies that are looking to reduce their environmental footprint.
- Increasing demand from the food and beverage industry: The food and beverage industry is a major user of MOPP packaging films, as these films are ideal for packaging food products. With the growing demand for packaged food products, the demand for MOPP packaging films is expected to continue to grow in the coming years.
- Increasing demand from the pharmaceutical industry: The pharmaceutical industry is another major user of MOPP packaging films, as these films are ideal for packaging pharmaceutical products. With the growing demand for pharmaceutical products, the demand for MOPP packaging films is expected to continue to grow in the coming years.
- Technological advancements in the packaging industry: The packaging industry is constantly evolving, with new technologies and materials being developed all the time. MOPP packaging films are a relatively new technology, and as such, there is still a lot of room for innovation and improvement. As technology continues to evolve, it is likely that the demand for MOPP packaging films will continue to grow.
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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
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.
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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.
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.
Growing Preference for Post-Consumer Recycled and Easily Recyclable Plastic Packaging Products to Drive MOPP Packaging Films Sales
Traditionally, it was not possible to manufacture high-quality packaging films from completely recycled products, but with advancements in technology standard, quality packaging films can be made completely using recycled raw material.
This is gaining popularity among a lot of manufacturers, as it helps in significantly reducing the carbon footprint of manufacturers, besides helping them to woo consumers showing inclination for sustainable packaging solutions.
Post-consumer recycled plastic is gaining a lot of traction as it is not only environmentally friendly but also comparatively affordable. The use of recycled plastic decreases the demand for the manufacturing of new plastic resins, which reduces the consumption of energy and fossil fuels compared to the requirement for the manufacturing of virgin plastic.
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