MOPP Packaging Films Market Snapshot
The MOPP packaging films market is projected to register high demand through 2021, with the overall valuation reaching US$ 221.7 Mn in 2021. FMI also forecasts MOPP packaging films demand to increase at a steady 5.2% CAGR between 2021 and 2031.
Despite restrictions imposed amid COVID-19, MOPP packaging films demand will surge 2021 onwards, albeit gradually. Volume sold globally is expected to total 135.2 Th. tones by the end of 2021.
In 2021, the U.S. MOPP packaging films market is estimated to grow by 7.7% year on year, bucking initial skepticism about how the market would perform during a global pandemic. Across the whole of North America, total sales of MOPP packaging films are predicted to reach US$ 51.7 million in 2021.
Key Points Covered in MOPP Packaging Films Market
- Market Estimates and Forecast 2013-2031
- Key Drivers and Restraints Impacting Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on MOPP Packaging Films Market and How to Navigate
- Recommendation on Key Winning Strategies
2015-2020 MOPP Packaging Films Market Outlook Compared to 2021-2031 Forecast
Driven by the expansion of the pharmaceutical industry across the globe, the MOPP packaging films market is anticipated to rise at 5.2% CAGR from 2021 to 2031 in comparison to the 2.3% CAGR registered during 2015 to 2020.
The polypropylene packaging films market is mainly divided into two categories, MOPP packaging films and BOPP packaging films. BOPP packaging films have been commonly used in the polypropylene packaging films market for a long time, holding the majority of the market share.
However, MOPP packaging films are becoming more popular owing to their better structural and dimensional properties in comparison to BOPP films. MOPP packaging films are stretched in only one, i.e., machine direction. This makes them a desirable choice for applications that require strong mechanical properties in cross direction. This also is driving their applications in labels and tapes.
Benefits of MOPP packaging films like high tensile strength, tear strength and cross-directional elongation are encouraging their adoption in the packaging films industry. Furthermore, consumers prefer MOPP packaging films because they are environment-friendly and having high recycled value since they are made from a single material. These factors are anticipated to boost sales of MOPP packaging films in the forthcoming years.
Owing to aforementioned benefits, players in the polypropylene packaging films industry are actively switching to MOPP films instead of traditional alternatives, which is anticipated to significantly bolster demand over the forecast period.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
How Will Rapid Growth of the Packaged Food Industry Affect MOPP Packaging Films Sales?
In the past decade, a shift in consumer preference towards packaged food products has been observed. Growing preference towards packaged or ready to eat food in regular meals cab be attributed to fast-paced urban lifestyle and demand for convenient food items.
Apart from this, rising disposable income and improved living standards are chief factors boosting demand for packaged food and ready-to-eat meals. This is translating into high demand for MOPP packaging films, as they are widely used in labels and wraps for the packaging of food products.
Labels and wraps made from MOPP packaging films are commonly used in the food industry as they are suitable for direct food contact as per EU (PIM 10/2011EG) and the USFDA. These labels offer many benefits including high tensile strength, desired texture, and freedom to print a variety of colors. As a result, demand for MOPP labels is anticipated to rise on the back of the rapidly evolving packaged food industry in emerging nations.
Pharmaceutical Industry to Continue Driving Demand for MOPP Packaging Films
The pharmaceutical industry is one of the very few industries that sustained the impacts of the unprecedented pandemic. High demand for vaccines, medications and other equipment kept the industry afloat, with further advancements gaining traction to reduce the economic burden caused by the COVID-19 crisis.
Expansion of the pharmaceutical industry is resulting in high demand for convenient and efficient packaging solutions. MOPP packaging films are widely used in the primary and secondary packaging of pharmaceutical products as labels, laminates, and wraps.
Beneficial properties of MOPP packaging films such as high tensile strength, high tear resistance and excellent barrier properties make them an ideal choice of packaging material in the pharmaceutical industry.
With consistent growth of the pharmaceutical industry globally owing to the pandemic, demand for MOPP packaging films is anticipated to surge over the assessment period.
What Is the Impact of COVID-19 Pandemic on the Global MOPP Packaging Films Market?
The negative repercussions of the COVID-19 pandemic were severe on the MOPP packaging films market. The restrictions on logistics and manpower in the manufacturing sector are some of the key reasons that hampered the supply of MOPP packaging films.
Besides this, demand from the end users of the MOPP packaging films including electrical and electronics, personal care and cosmetics suffered a major blow due to the pandemic. However, extensive applications of MOPP packaging films in the pharmaceutical and food industry retrieved sales of MOPP packaging films, and the trend is anticipated to prevail during the forecast period.
With relaxations in restrictions and improvements in supply chain, demand for non-essential items is also anticipated to recover, which will further aid growth of the MOPP packaging films market. Owing to these factors, the market for MOPP packaging films is projected to expand at a steady pace during the forecast period as compared to the period before the COVID-19
Why is the U.S. Considered a Lucrative Market for MOPP Packaging Films?
North America is anticipated to remain the third largest market for MOPP packaging films, holding over 21.4% of the market share by the end of 2031. As per FMI’s analysis, , the U.S. is projected to hold more than 86.2% of the total North American MOPP packaging films market in the upcoming decade.
Ongoing advancements in the healthcare system in the U.S. and favorable state policies are fueling growth of the pharmaceutical industry. According to the Organization for Economic Co-operation and Development (OECD), in 2019, the U.S. registered the highest per capita healthcare spending totaling US$ 11,072.
These factors are anticipated to propel demand for MOPP packaging films as a ripple effect. Further, rising consumer awareness regarding suitable packaging of pharmaceutical and healthcare products will continue providing tailwinds to MOPP packaging films sales.
Will Germany Continue Exhibiting High Demand for MOPP Packaging Films?
The MOPP packaging films market in the Germany is expected to offer an incremental opportunity of US$ 3.3 Mn during 2021-2031. Germany is estimated to hold the second largest market share in the Europe MOPP packaging films market, accounting for around 15.8% by the end of 2031.
The cosmetics industry in Europe has consistently grown in the past 10 years. The industry is majorly driven by increasing consumer preference towards high-end cosmetic brands and growing consciousness about appearance among the millennial populations.
As stated by Cosmetics Europe, a personal care association in the national market for cosmetics and personal care products, the German cosmetics and personal care market was valued at US$ ~17 Billion in 2020.
Increasing applications of MOPP labels and wraps in the personal care and cosmetics industries, coupled with presence of key manufacturers across Germany will continue propelling the demand for MOPP packaging films.
How Will the MOPP Packaging Films Market Expand Across India?
India is projected to hold over 48.7% of the South Asia MOPP packaging films market by the end of 2031. Consistent efforts by the Indian government for the development of the country’s pharmaceutical industry are creating lucrative opportunities for players operating in the MOPP packaging market.
Apart from this, initiatives encouraging domestic pharmaceutical manufacturing and distribution of affordable medicine and healthcare services in India will continue boosting sales of MOPP packaging films.
As per the India Brand Equity Foundation (IBEF), the Indian healthcare market is expected to reach US$ 372 billion by the year 2022. Expansion of the healthcare infrastructure in urban and rural areas is fuelling the growth of the industry is further anticipated to supplement growth of the MOPP packaging films market in India.
Demand for above 60-micron Thickness Films to Continue Rising
Based on thickness, the above 60-micron thickness segment is estimated to register a CAGR of 5.6% during 2021-2031.. The thickness of the films used in respective packaging applications is a crucial aspect to ensure superior quality and reduce the chances of damage or errors.
Several factors such as need for tensile strength, tear resistance, and elongation properties play an important role in deciding the thickness of the film. As the above 60-micron segment can be used for a wide range of applications like laminates, wraps, labels it is projected to hold 58.4% of the global MOPP packaging films market share in 2031.
The market share of below 30-micron thickness films is projected to drop by 120 basis points over the forecast period, due to difficulty in handling and a high probability of tearing and damage during transportation.
In addition, the value share of above-60 microns segment is anticipated to gain over 230 basis points during the forecast period.
Sales of MOPP Packaging Films to Remain High in the Food Sector
By end use, increasing popularity of packaged food products is projected to boost demand for MOPP packaging films from the food industry. The food segment is estimated to grow by a 90 basis points in the global MOPP packaging films market.
However, the availability of alternatives to MOPP packaging films in beverage packaging industry are anticipated dampened sales prospects of MOPP packaging, falling by 60 basis points from its current market share of 13.1% in the year 2021.
Applications of MOPP Packaging Labels to Gain Traction
Based on applications, labels are projected to emerge as the most lucrative segment over the forecast period, accounting for 36% of the total market share, followed by wraps segment, holding 25.6% in 2021.
These segments are estimated to cumulatively offer an incremental opportunity of US$ 104.7 Mn during the period 2021 – 2031. Increasing adoption of MOPP packaging films over traditional alternatives among manufacturers is identified as a chief growth accelerator in the global MOPP packaging films market.
Key players operating in the global MOPP packaging films market are aiming at product launches, expansions, and strategic partnerships with other manufacturers. Additionally, improvements in product manufacturing capabilities, product portfolio expansion and solidifying global presence will remain a part of growth strategies among players.
Leading MOPP packaging films manufacturers are also emphasizing on research to devise effective products and are consistently offering innovative applications of the product for many industries.
For instance, Nowofol Kunststoffprodukte GmbH & Co. KG, one of the top tier companies in the MOPP packaging films market through constant innovation is offering the product to a applications like cables, insulations, release liners, cushioning, bundling among many others for pharmaceutical, electrical and electronics, cosmetics, horticulture, etc. This has also opened doors for many other applications in the market for packaging in the MOPP packaging films.
Scope of Report
Historical Data Available for
US$ Million for Value and Tonnes for Volume
Key Regions Covered
North America, Latin America, Europe, the Middle East & Africa, East Asia, South Asia, and Oceania
Key Countries Covered
United Stated, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, GCC Countries, Turkey, South Africa, China, Japan, South Korea, India and Australia
Key Segments Covered
Thickness, Application, End Use, and Region
Key Companies Profiled
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Key Questions Answered in the Report
What is the current valuation of MOPP packaging films market?
The global MOPP packaging films market is estimated to reach a valuation of US$ 221.7 Mn in 2021.
At what rate did the MOPP packaging films market expand in the last 5 years?
The global MOPP packaging films market exhibited growth rate of 2.3% between 2015 and 2020.
What is the demand outlook for MOPP packaging films market?
The global MOPP packaging films market is projected to expand at a 5.2% CAGR between 2021 and 2031.
What are the key trends prevailing in the MOPP packaging films market?
Key players operating in the MOPP packaging films market are offering customised solutions for various end-use applications.. Growing preference for post-consumer recycled and easily recyclable plastic packaging products is another key trend driving growth in the market.
What are the key factors driving MOPP packaging films sales?
Rapid expansion of the packaged food industry and the pharmaceutical industry is driving sales of MOPP packaging films.
What is the North America MOPP packaging films Market Outlook?
The North American MOPP packaging films market is projected to grow at a 4.3% CAGR during the forecast period.
What is the cumulative share of top five companies in MOPP packaging films market?
The top five companies operating in the MOPP packaging films market are Nowofol Kunststoffprodukte GmbH & Co. KG, Futamura Chemical Co., Ltd., Transcendia, Inc., Now Plastics Inc., and Lenzing Plastics GmbH Co KG. These players are estimated to hold nearly 25%-35% share in the global MOPP packaging films market.
At what rate will MOPP packaging films market grow in South Asia?
The South Asian MOPP packaging films market is anticipated to expand at a 7.9% CAGR over the forecast period.
Which are the top 5 countries exhibiting high demand for MOPP packaging films?
The U.S., China, India, Russia and South Korea are among leading markets exhibiting high demand for MOPP packaging films.
At what rate will China MOPP packaging films market grow?
As per FMI, the China MOPP packaging films market is expected to grow at a 7.0% CAGR between 2021 and 2031
MOPP Packaging Films Market by Category
- Below 30 microns
- 30 to 60 microns
- Above 60 microns
By End Use:
- Cosmetics & Personal Care
- Electrical & Electronics
- Other Industrial
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia