The global BOPP Packaging Tapes Market size is projected to attain market valuation of USD 18,954.8 million in 2023. By the end of 2033, the market is set to reach USD 29,719.2 million. Over the next 10 years, the market is expected to trail at a CAGR of 4.6%.
Drivers catalyzing the demand for BOPP packaging tapes are:
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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.
| Attributes | Details |
|---|---|
| BOPP Packaging Tapes Market Size (2018) | USD 15,584.5 million |
| BOPP Packaging Tapes Market Size (2022) | USD 18,121.2 million |
| Projected BOPP Packaging Tapes Industry Value (2023) | USD 18,954.8 million |
| Forecast BOPP Packaging Tapes Market Value (2033) | USD 29,719.2 million |
| Global Market Growth Rate (2023 to 2033) | 4.6% CAGR |
| Collective Value Share: Top 5 Companies (2023E) | 17.20% |
Principal Consultant
The BOPP packaging tapes industry generated a total revenue of USD 15,584.5 million in 2018, and has since reached USD 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 USD 18,954.8 million, and by 2033, USD 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.
| Category | Adhesive |
|---|---|
| Segment | Hot Melt Rubber |
| Value Share in 2022 | 66.8% |
| Category | End Use |
|---|---|
| Segment | Manufacturing & Warehousing |
| Value Share in 2022 | 62.4% |
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.
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| Country/Region | Value Share (2022) |
|---|---|
| North America | 20.8% |
| Europe | 28.8% |
| The United States | 18.8% |
| Germany | 3.9% |
| Japan | 2.2% |
| Australia | 1.2% |
| Countries | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 1.6% |
| China | 1.6% |
| India | 6.9% |
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.
| Company’s Name | 3M |
|---|---|
| About the Company | The company is an American MNC, operating in the field of worker safety, consumer goods, and healthcare. The firm provides dependable and high-quality solutions for shipment, packaging, and fulfilment to help optimize sales and productivity. One such example is of 3M™ Industrial Box Sealing Tape. This tape is an industrial packaging tape, used for box sealing, recouperage, splicing, and other packaging applications. The BOPP film support has a hot melt synthetic rubber adhesive. |
| Company’s Name | Tesa SE |
|---|---|
| About the Company | Tesa SE is a German based company that manufactures adhesive products. The company is synonymous with adhesive tape in Germany. The high bond tapes offered by the company have new dimensions like secure, aesthetical pleasant, constructive, and fast bonds. |
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million/billion for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Italy, Spain, Benelux, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, China, Japan, South Korea, Australia, New Zealand, Egypt, North Africa, South Africa, and GCC Countries |
| Key Market Segments Covered | Thickness, Adhesive, Width, End-user, Region |
| Key Companies Profiled | Bolex Shenzen Adhesive Products Co. Ltd.; Intertape Polymer Group Inc.; Vibac Group S.p.A; 3M Company; Delphon Industries LLC, and; Tesa SE. |
| Pricing | Available upon Request |
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.
1. Executive Summary | BOPP Packaging Tapes Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Thickness 5.1. 35 - 50 Micron 5.2. 51 - 65 Micron 5.3. Above 65 Micron 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Adhesive 6.1. Hot Melt Rubber 6.2. Hot Melt Acrylic 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Width 7.1. 11mm - 30 mm 7.2. 31mm - 70 mm 7.3. Above 70 mm 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-user 8.1. Manufacturing & Warehousing 8.1.1. Food & Beverages 8.1.2. Chemicals & Lubricants 8.1.3. Electronics & Electricals 8.1.4. Automotive 8.1.5. Personal care & Cosmetics 8.2. E-Commerce 8.3. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. 3M Company 17.2. Avery Dennison Corporation 17.3. Nitto Denko Corporation 17.4. tesa SE 17.5. Shurtape Technologies LLC 17.6. Scapa Group plc 17.7. Intertape Polymer Group Inc. 17.8. Lintec Corporation 17.9. Vibac Group S.p.A. 17.10. Nichiban Co. Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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BOPP Packaging Tapes Market
