Growing Demand for High Performing BOPP Packaging Tapes that Complies with Environmental Considerations Projected to Boost Market Revenue- FMI Unveils High Return Investment Options Across 30+ Nations
The global BOPP packaging tapes market size is projected to attain market valuation of US$ 18,954.8 million in 2023. By the end of 2033, the market is set to reach US$ 29,719.2 million. Over the next 10 years, the market is expected to trail at a CAGR of 4.6%. A4 Copy Paper 70 Gsm
Drivers catalyzing the demand for BOPP packaging tapes are:
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Sale, manufacture, stocking, import, distribution, and use of single-use plastic, such as polystyrene and expanded polystyrene commodities is being banned. This has burdened manufacturers to look for alternatives to BOPP packaging tapes that are sustainable in nature. Manufacturers are constantly trying to win over any challenges that come their way. However, the risks imposed by the restriction of single-use plastic should be considerably weighed in by producers, in order to achieve success in market.
Large players are introducing recycled versions of the tape, taking into account the widespread demand for sustainable packaging solutions. For instance, in August 2022, Tesla unveiled recycled PET packaging tape. The tape is projected to become a sustainable alternative to filmic tapes. The company claims that the tape is as effective as biaxially oriented polypropylene (BOPP) or PVC tapes. The new 60412 Recycled PET packaging tape can hold up to 30kg packages and is suitable for automatic and manual dispensers.
In India, Ajit Industries Private Limited, has brought a distinct shift from plastic-based to green packaging products. Mr. Ajit Gupta, CMD of the company, has been accredited for this remarkable contribution. The company has introduced a wide range of biodegradable and recyclable alternatives across the packaging industry. In a nutshell, the company’s product portfolio consists of high potential tapes and die cuts. Recyclable BOPP tape is part of the wide-ranging tapes that are made of biodegradable and recyclable materials.
Find your sweet spots for generating winning opportunities in this market.
The BOPP packaging tapes industry generated a total revenue of US$ 15,584.5 million in 2018, and has since reached US$ 18,121.2 million in 2022. The market is projected to reach 3.8% from 2018 to 2022.
BOPP packaging tapes are among the most cost-efficient and effective components in packaging solutions. Their versatility is making them useful in multiple applications. The basic structure of BOPP packaging tapes comprises a thermoplastic polymer. In other words, BOPP packaging tapes can be used in both - cool and hot temperatures.
The BOPP packaging tapes have a rugged structure that provides high tensile strength for packaging. Properties like these, render uniqueness to BOPP packaging tapes, thereby keeping the cash registers ringing for the BOPP packaging tapes market.
Usage of BOPP packaging tapes is easy, which makes it feel its presence in sealing and packaging in the manufacturing & warehousing verticals.
Over the forecast period, the market is set to expand at 4.6% CAGR. In 2023, the market is set to attain US$ 18,954.8 million, and by 2033, US$ 29,719.2 million market value.
The future of BOPP packaging tapes looks promising. This can be attributed to the surging demand for eco-friendly and sustainable packaging solutions. The key reason behind BOPP packaging tapes’ bright future is its recyclability. These tapes can be easily recycled, making them a sustainable option.
Another reason behind BOPP tapes’ popularity is its versatility. These tapes can be customized to cater to the particular packaging needs of various industries and products. Customization allows businesses to develop packaging that is aesthetically pleasing, functional, and aligns with their branding.
The third crucial factor bolstering the market growth includes the surge of e-commerce sector. Since consumers are increasingly shopping online, there is a rising demand for packaging materials that can tackle the rigours of handling and shipping. BOPP packaging tapes are a reliable option to package products due to their resistance to tears and punctures.
The rise in disposable income has motivated individuals to spend more. This has led to an increase in online shopping as it not only saves time for consumers but also opens window to a wide range of products at a single click. This has accelerated the e-Commerce market at a substantial rate.
The awareness among the manufacturers has boosted the online websites’ revenue as they are helpful in direct sales of their manufactured products, thereby saving their distribution costs. Emerging economies have started relying more on e-Commerce platforms than a conventional methodology to increase their revenue as the involvement of distributors’ margin is out of the question.
The manufacturing and warehousing segment held 62.4% market share over the forecast period. These days, customers are more fascinated by the packaging of the product. Moreover, customization is being welcomed all over. Therefore, customized BOPP printed packaging tapes are being deployed to pack and seal products printed with company’s brand name. This move has pushed the demand for BOPP packaging tapes in the market.
Prominent restaurants have initiated customization of tapes for their takeaway food for packaging, thereby augmenting their brand image among customers. The retail market for emerging economies has recently adopted customized BOPP packaging tapes for packaging, which is bound to keep the hopes high for the BOPP packaging tapes market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
The Europe region is projected to maintain its precedence in the BOPP packaging tapes market. FMI has estimated the region to account for more than 28.8% market share over the forecast period. Surging demand for BOPP packaging tapes from the packaging applications like consumer goods, pharmaceuticals, and electronics industry is propelling the market growth. High discretionary income, particularly among consumers of age between 25 to 44 years, is also a key factor driving the BOPP packaging tapes industry. The importance of adhesive tapes is growing across the packaging industry due to its key role in green innovation. This is resulting in an increase in innovations in the market. For instance, in September 2021, Monta Klebebandwerk GmbH, a German tape manufacturer, has created a self-adhesive tape, which is based on industrial plastic waste. Monta reTec 831, the new self-adhesive tape, is made of post-industrial recycled polypropylene (rPP). Attributes Details 1.1. 1.2. 1.3. 1.4. 1.5.
The availability of cost-effective raw materials and labor has influenced multinational companies to move their production plants to the Asian region. This is expected to, thus, put the Asian market into the limelight. Surge in the production of corrugated sealing tapes in Taiwan is projected to contribute toward regional growth. Additionally, India’s robust performance is also expected to keep the market growth at an all time high. India is forecast to expand at 6.9% CAGR over the forecast period.
Top manufacturers of BOPP packaging tapes are setting up their production base in this region due to the reasons mentioned above. The demand for corrugated boxes in the Asian market grew by 20% in the year 2022. This is indicative of the demand for BOPP packaging tapes in the region and this streak is expected to continue all through 2033 as well.
Key participants in the BOPP packaging tapes market are introducing sustainable options to meet the sustainability goals of end use industries. For instance, in September 2022, Tesa SE created a new packaging tape made of recycled post-consumer PET. The new tesa® 60412 contains high recycled content. The packaging tape features solid performance and perfectly handles up to 30 kg weight. Therefore, the company is enlarging its product offering of high-performance packaging tapes, made partly of bio-based raw materials and recycled materials.
For several industries like pharmaceutical industry, food and beverage industry, or the logistics sector, tesa® 60412 is a suitable alternative to BOPP packaging tapes.
Increasing innovations to reduce environmental pollution is projected to be a key strategy among top players to gather more market share. Additionally, companies are constantly researching and introducing advanced products in the market.
General market share enhancing strategies like acquisition and mergers, collaborations/ partnerships are being employed by the key players.
Japan, China, and South Korea may witness significant growth in the market.
The United Kingdom, China, and India dominate the global market.
The market is forecast to register a CAGR of 4.6% through 2033.
The market held a CAGR of 3.8% from 2018 to 2022.
Technological advancement disrupts the current market trends.
Future Market Insights is registered in the state of Delaware as Future Market Insights, Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A, Jumeirah Lakes Towers, Dubai, United Arab Emirates
3rd Floor, 207 Regent Street, W1B 3HH, London, United Kingdom
Future Market Insights Global & Consulting Pvt. Ltd.,
IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India
Copyright © Future Market Insights, Inc.
Your personal details are safe with us. Privacy Policy*
Your personal details are safe with us. Privacy Policy*
Your personal details are safe with us. Privacy Policy*
Your personal details are safe with us. Privacy Policy*
I need Country Specific Scope (-30% )
Your personal details are safe with us. Privacy Policy*
Your personal details are safe with us. Privacy Policy*
I am searching for Specific Info.
Your personal details are safe with us. Privacy Policy*
Your personal details are safe with us. Privacy Policy*
Blister Sealing Packing Machine You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.