BOPP Tapes Market to Cross US$ 16 Bn in Revenues by 2020
Catering to ever-evolving end users and consumers’ demands, the global packaging industry is undergoing monumental shifts. The rise of flexible packaging and increasing number of consumers purchasing more things online are fueling demand for BOPP tapes in particular. According to Future Market Insights’ new report, the global market for BOPP tapes is estimated to account for revenues worth US$ 16.7 Bn in 2020. Highly influenced by the versatility quotient and multiplicity of application, worldwide sales of BOPP tapes are expected to be on a fast track over the next decade.
Frequently asked questions about global BOPP Tapes market
Which factor is at the forefront of generating demand for BOPP tapes?
The capacity to withstand all the extreme weather conditions due to its physical properties are adding benefits to the rise in the demand for BOPP Tapes.
How is the growing preference for online sales channels propelling consumption of BOPP tapes?
Increasing demand for online packaged food has given substantial support to the rise in the need for BOPP tapes. In addition, an increase in the demand for take away food trend has eventually given a push to rise in the need for customized BOPP tapes for packaging.
Which regional market will display full growth potential for manufacturers of BOPP tapes?
North America is poised to be the leading BOPP tapes market over the next decade. However, East Asian and South Asian markets are set to emerge as highly attractive regions, projected to grow at healthy CAGR values between 2019 and 2029.
What are the major challenges hindering the growth of BOPP tapes market?
Existence of various alternatives of packaging tapes along with the lack of stringent environmental regulations for using eco-friendly and biodegradable products lead to the utilization of easily available plastic packaging tapes hindering the growth of the market.
Which strategies would support the leading players for competitive edge?
With rapid expansion of E-commerce, the manufacturers have started selling their products directly by starting their websites in order to increase the profit. Moreover, major manufacturing companies are setting up their production facilities in APAC due to the availability of low and efficient labor costs.
35-50 Micron Thick Tapes Remain Highly Preferred
35-50 micron is emerging as the ideal thickness of BOPP tapes which account for 2/5th of the total revenue share. As the retail market has reformed in recent years with packaging as a key factor to attract consumers, manufacturers are targeted towards capitalizing on a range of thickness of BOPP tapes, which can be used in both hot and cold temperatures and provide improved adhesiveness and high tensile strength for packaging. Moreover, demand for tapes of above 65 micron thickness is expected to see significant leap in coming years.
Manufactures Set Eyes on Opportunities in East Asia
With smart packaging technologies in place and numerous innovations in packaging for e-commerce industry, Europe continues to spearhead the global BOPP tapes market. As low-cost remains an influencing factor, manufacturers are focusing on expanding their manufacturing capabilities in developing countries such as China, where operation cost is relatively low. Moreover, East Asia’s market is set to register 7% CAGR through 2029 in parallel to rise in disposable income of consumer spending on online shopping and manufacturers viewing the region from both manufacturing and target market perspective.
Eco-friendly Alternatives to Represent Potential Threat
Over the years, BOPP tapes remained a product of choice among various end users, for their aggressive tackiness, firm adherence to even rough surfaces, and high resistance to heat, weather, and aerial oxidation. However, in recent times, governments’ crackdown on use of products with high environmental impact, especially single-use plastics, is emerging as a key challenge for manufacturers of BOPP tapes. Positive consumer sentiment for rapidly penetrating bio-based adhesive tapes that adheres environmental guidelines is likely to create a hindrance in future prospects of the market.
35-50 micron remains the preferred thickness
Increasing demand for above 65 micron thick tapes
Hot melt rubber accounts for high market share
Demand for hot melt acrylic picks pace
High application manufacturing & warehousing
Demand from E-commerce sector remains bullish
How Growth will Unfold
Use of BOPP packaging in manufacturing & warehousing landscape accounts for more than 60% of the total market share, attributing to manufacturers offering customized adhesives solutions for sub-sectors. Within this category, the food & beverage industry leads the adoption of BOPP tapes, while significant increase in demand is expected from electronics & electricals sector. In recent times, robust growth of the e-commerce industry is grabbing attention from market players. Today, high-income consumers are increasingly relying on online shopping, owing to wide availability of diverse products along with time-saving door-step delivery. The result is expected to lead to increased demand for BOPP tapes in near future.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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BOPP Tapes Market Analysis 2019-2029
A recent market study published by FMI on the BOPP Tapes market includes global industry analysis 2014-2018 and opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the BOPP Tapes market are obtained with maximum precision.
BOPP Packaging Tapes Market Taxonomy
The global BOPP Tapes market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
- 35 - 50 Micron
- 51- 65 Micron
- Above 65 Micron
- Hot Melt Rubber
- Hot Melt Acrylic
- 11mm -30 mm
- 31mm - 70 mm
- Above 70 mm
- Manufacturing & Warehousing
- Food & Beverages
- Chemicals & Lubricants
- Electronics & Electricals
- Personal care & Cosmetics
- North America
- Latin America
- South Asia
- East Asia
The report initiates with an executive summary of the BOPP Tapes market, which includes key findings and statistical analysis of the market. It also includes demand and supply-side trends pertaining to the BOPP Tapes market.
Readers can find the definition and detailed taxonomy of the BOPP Tapes market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to BOPP Tapes and their properties are provided in this section. It also highlights the inclusions and exclusions to help readers understand the scope of the BOPP Tapes market report.
This chapter explains the key macroeconomic factors that are expected to influence growth of the BOPP Tapes market during the forecast period. Along with this, the section also highlights the opportunity analysis for the BOPP Tapes market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the BOPP Tapes market.
This section explains the global market value analysis and forecast for the BOPP Tapes market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical BOPP Tapes market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the BOPP Tapes market at the regional level has also been provided in this section. It also explains the global market volume analysis and forecast for the BOPP Tapes market during the forecast period.
Based on Thickness, the BOPP Tapes market has been segmented into masking tape, packaging tape, consumer & stationary tape, and others. In this chapter, readers can find information about key trends and developments in the BOPP Tapes market and market attractiveness analysis, based on Thickness.
This chapter provides details about the BOPP Tapes market based on adhesive type, and has been classified into Hot Melt Rubber, Hot Melt Acrylic, and readers can understand market attractiveness analysis of BOPP Tapes, based on adhesive type.
Based on Width, the BOPP Tapes market is segmented into 11mm -30 mm, 31-70 mm and above 70 mm. In this chapter, readers can find information about key trends and developments in the BOPP Tapes market and market attractiveness analysis, based on Width.
This chapter provides details about the BOPP Tapes market based on end-use, and has been classified into building & construction, automotive, retail & logistics, aerospace & defense, healthcare, electronics & electrical, and general industries. Through this chapter, readers can understand market attractiveness analysis, based on end-use.
This chapter explains how the BOPP Tapes market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, the Middle East and Africa (MEA), and Oceania.
This chapter includes detailed analysis of the growth of the North America BOPP Tapes market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on Thickness, adhesive type, Width, feature type, End-use, and countries in North America.
This chapter provides the growth scenario of the BOPP Tapes market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Important growth prospects of the BOPP Tapes market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX, and the rest of Europe are included in this chapter.
India, Indonesia, Thailand, Malaysia, and the rest of South Asia are among leading countries in the South Asia region, which are prime subjects of assessment to obtain growth prospects of the South Asia BOPP Tapes market in this chapter. Readers can find detailed information about growth parameters of the South Asia BOPP Tapes market during the forecast period.
This chapter highlights the growth of the BOPP Tapes market in East Asia by focusing on China, Japan, South Korea, and the rest of East Asia. This section also helps readers in understanding key factors that are responsible for the growth of the BOPP Tapes market in East Asia.
This chapter provides information about how the BOPP Tapes market will grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
In this chapter, Australia and New Zealand are countries in the Oceania region that are prime subjects of assessment to obtain growth prospects of the Oceania BOPP Tapes market.
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the BOPP Tapes market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all prominent stakeholders in the BOPP Tapes market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Intertape Polymer Group Inc., 3M Company, tesa SE, Delphon Industries LLC, Vibac Group S.p.a, and Bolex Shenzhen Adhesive Products Co Ltd. and others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the BOPP Tapes market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the BOPP Tapes market. The report scope focuses on BOPP Tapes consumed in packaging industry.
How the research was conducted?
- C-Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Machine Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Packaging Europe
- Packaging Strategies
- Packaging News
- Packaging World
- Industry Associations
- Flexible Packaging Association
- Flexible Packaging Europe
- American Plastics Council (APC)
- World Packaging Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits