BOPP Packaging Tapes Market Pegged at over US$ 16 Bn by 2029; Production Halts Due to Coronavirus Crisis Leading to Shortages, Finds FMI in a New Study

BOPP packaging tapes manufacturers to display increased focus towards innovations in flexible packaging, for superior multiplicity and versatility characteristics

DUBAI / ACCESSWIRE / April 14, 2020 / Increasing applications of medium and heavy-duty cartons in international and domestic operations require superior sealing materials at an industrial scale. Ideal applications in warehousing and manufacturing businesses are major factors supporting the growth of the global BOPP packaging tapes market. The global BOPP packaging tapes market will cross a market valuation of US$ 16 Bn by 2029. High growth potential in emerging economies boosts production rates. The trend of customizing BOPP packaging tapes is another key market influencer.

“BOPP tapes enable low noise during packaging on the cartons, and is used widely for machine applications to provide accurate and uniform sealing. Its resistance to extreme weather and higher tensile strength, drives adoption,” says the FMI analyst

Request report sample with 250+ pages to gain in-depth market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-2727

Global BOPP Packaging Tapes Market – Key Takeaways

  • Warehousing & manufacturing, followed by e-commerce are the leading end use industries for BOPP packaging tapes.
  • Customized BOPP packaging tapes will gain a larger demand share over single-color/plain alternatives through the forecast period.
  • The food & beverages sector will make substantial applications of BOPP packaging tapes, for superior accuracy and durability.
  • The 35-50-micron segment will account for 2/5th of the overall market revenue share.
  • Hot melt rubber, and hot melt acrylic adhesives are popular options, for faster bonding and higher durability respectively.
  • East Asia will remain a prominent regional market for the global BOPP packaging tapes industry, driven by a major global presence of China.

Global BOPP Packaging Tapes Market – Key Driving Factors

  • Superior characteristics including double sided adhesion, transparency, ease of use, chemical and water resistance, superior retraction rates, and non-toxicity drive demand.
  • High demand in retail packaging applications is a primary driver for growth in the BOPP packaging tapes market.
  • Increasing adoption of smart technologies, and innovative applications in the e-commerce industry will also contribute to growth.
  • Manufacturers are targeting lucrative growth opportunities in South and East Asia, which will aid in a stronger market position.

Global BOPP Packaging Tapes Market – Key Restraints

  • Strict government regulations against product such as single use plastics is expected to remain a major challenge for manufacturers.
  • Increasing consumer preference for tapes using bio-based adhesives is also likely to hinder market growth.

The Coronavirus Impact

The covid-19 pandemic has had a major impact on the global packaging industry. With production and supply chain disruptions, manufacturers are seeking options out of China. As workers in manufacturing facilities are being forced to self-isolate, supplies of BOPP packaging tapes are likely to fall short owing to factory closures.

It is increasingly becoming important to avoid having all suppliers in one region, even as the condition becomes more volatile with the continuing threat of climate change. In addition, the use of sustainable materials such as reusable plastics will also be hit as the outbreak spreads, influencing the global BOPP packaging tapes market.

Explore the global BOPP packaging tapes market report with 92 illustrative figures, 79 data tables and the table of contents. You can also find a comprehensive market segmentation on https://www.futuremarketinsights.com/covid19/rep-gb-2727

Competitive Landscape

Market players in the BOPP packaging tapes market are prioritizing market penetration into the emerging markets of South Asia and East Asia. A key growth strategy adopted by manufacturers is development of new product offerings, in addition to leveraging growth in the manufacturing sector. Major market players that influence competition in the BOPP packaging tapes market are, but not limited to, Bolex Shenzen Adhesive Products Co. Ltd., Intertape Polymer Group Inc., Vibac Group S.p.A, 3M Company, Delphon Industries LLC, and Tesa SE.

About the Report

This study offers readers a comprehensive market forecast of the BOPP packaging tapes market. Global, regional and country-level analysis of the latest industry trends impacting the BOPP packaging tapes market is covered in this Future Market Insight (FMI) study. The report offers compelling insights on BOPP packaging tapes market on the basis of thickness (35-50 micron, 51-65 micron, and above 65 micron), adhesive (hot melt rubber and hot melt acrylic), width (11mm -30 mm, 31mm – 70 mm, and above 70 mm), and end use (manufacturing & warehousing, e-commerce, and others), across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA).

Explore Extensive Coverage of FMI’s Packaging Landscape

Pharmaceutical Packaging Market: Find in-depth insights on the global pharmaceutical packaging market with exhaustive segment-wide analysis, market statistics, key influencing factors, prominent players and critical developmental strategies adopted by them for a 10-year forecast period.

Industrial Paper Sacks Market: FMI’s report on the global industrial paper sacks market offers a comprehensive commentary on the market poised for prolific growth during 2018-2028. The study covers comprehensive evaluation of key impacting forces, revenue sources, and market leaders in addition to with essential market strategies.

Straw Market: Get a deep-dive analysis on the straw market with crucial insights on growth levers, opportunities, restraints, regulatory policies, regional market forecast and key forte of market leaders.

About Future Market Insights

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the packaging sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Contact:
Mr. Abhishek Bhudholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com

Market Report: https://www.futuremarketinsights.com/reports/bopp-packaging-tapes-market
Press Release Source: https://www.futuremarketinsights.com/press-release/bopp-packaging-tapes-market

SOURCE: Future Market Insights

View source version on accesswire.com:
https://www.accesswire.com/584983/BOPP-Packaging-Tapes-Market-Pegged-at-over-US-16-Bn-by-2029-Production-Halts-Due-to-Coronavirus-Crisis-Leading-to-Shortages-Finds-FMI-in-a-New-Study

error: Content is protected !!