The MOPP packaging films market is projected to register high demand, with the overall valuation reaching USD 243.6 million in 2023. FMI also forecasts MOPP packaging films demand to increase at a steady 4.9% CAGR between 2023 and 2033.
MOPP packaging films are becoming popular on the market due to the rising demand for packing convenience and the requirement for safe and secure packaging. Demand for MOPP packaging films is primarily driven by consumer preference for ready-to-eat foods and rising awareness about food safety.
Increased consumer packaging demand and the rising need for high-barrier, lightweight packaging are gaining factors for the market share. As MOPP packaging films are recyclable and biodegradable, there is an increasing need for eco-friendly packaging choices, contributing to the global market share.
| Attributes | Details |
|---|---|
| MOPP Packaging Films Market CAGR (2023 to 2033) | 4.9% |
| MOPP Packaging Films Market Size (2023) | USD 243.6 million |
| MOPP Packaging Films Market Size (2033) | USD 392.6 million |
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Driven by the expansion of the pharmaceutical industry across the globe, the market is estimated to expand at 4.9% CAGR between 2023 and 2033, in comparison to the 3.1% CAGR registered from 2018 to 2022.
| Particulars | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 3.0% |
| Jan to Jun (H1), 2022 Projected (P) | 3.3% |
| Jan to Jun (H1), 2022 Outlook (O) | 2.8% |
| BPS: H1,2022 (O) - H1,2022 (A) | -20 |
| BPS: H1,2022 (O) - H1,2021 (A) | -50 |
Benefits of MOPP packaging films like high tensile strength, tear strength and cross-directional elongation are encouraging their adoption in the packaging films industry. Given this, the market share expanded from USD 189.9 million in 2016 to USD 235.72 million in 2022.
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 leading market share.
However, MOPP packaging films are becoming 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 the cross direction. This is also driving their applications in labels and tapes.
Consumers prefer MOPP packaging films, as they are environment-friendly and have 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, increasing at a Y-o-Y of 3.3% in 2023.
Owing to the 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.
In the past decade, a shift in consumer preference toward packaged food products has been observed. Growing preference towards packaged or ready-to-eat food in regular meals can be attributed to the 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. With this, the market is expected to grow at a rate of around 1.03x between 2032 and 2033.
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.
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The pharmaceutical industry is one of the 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.
The 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, such as labels, laminates, and wraps.
The 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 the consistent growth of the pharmaceutical industry globally owing to the pandemic, demand for MOPP packaging films is anticipated to surge over the assessment period.
North America is anticipated to remain the third leading market for MOPP packaging films, holding over 21.4% of the market share by the end of 2033. As per FMI’s analysis, the United States was expanding at a share of 20.5%, with a total worth of USD 48.4 million in 2022.
Ongoing advancements in the healthcare system in the United States and favorable state policies are fueling the growth of the pharmaceutical industry. According to the Organization for Economic Co-operation and Development (OECD), in 2019, the USA registered the greatest per capita healthcare spending, totaling USD 11,072.
These factors are anticipated to propel the demand for MOPP packaging films as a ripple effect. Further, rising consumer awareness regarding suitable packaging of pharmaceutical and healthcare products continues, providing tailwinds to MOPP packaging film sales.
One of the leading markets in Europe for MOPP packaging films is the United Kingdom. Over the projection period from 2023 to 2033, the market is anticipated to expand at a CAGR of 4.09%, reaching a value of USD 10.7 million.
The market is expanding due to the rising demand for flexible packaging and rising consumer preference for lightweight packaging materials. The rising demand for packaging that offers product protection, as well as the rising desire for convenience foods, are other factors, fostering market expansion.
In the upcoming years, the food and beverage industry's rising need for MOPP packaging films is anticipated to be a key market driver.
The market in Germany is initially expanding at a share of 4.9%, with a value of USD 11.5 million in 2022.
The MOPP packaging films sector in Germany is expected to offer an incremental opportunity of USD 3.3 million from 2023 to 2033. Germany is estimated to hold the second leading 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 driven by increasing consumer preference towards high-end cosmetic brands and growing consciousness about appearance among the millennial population.
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 USD ~17 billion in 2020.
Increasing applications of MOPP labels and wraps in the personal care and cosmetics industries, coupled with the presence of key manufacturers across Germany, continue propelling the demand for MOPP packaging films.
India is projected to hold over 48.7% of the South Asia MOPP packaging films industry by the end of 2033.
| Attributes | Statistics |
|---|---|
| India Market Value 2022 | USD 15.6 million |
| India Market Value 2033 | USD 32.5 million |
| India Market CAGR (2023 to 2033) | 8.48% |
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 are continuing to boost sales of MOPP packaging films.
As per the India Brand Equity Foundation (IBEF), the Indian healthcare market is expected to reach USD 372 billion by the year 2022. Expansion of the healthcare infrastructure in urban and rural areas is fueling the growth of the industry and is further anticipated to supplement the growth of the MOPP packaging films sector in India.
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Based on thickness, the above 60-micron segment dominated the market, with a share of 56.3% in 2022. This segment is estimated to register a CAGR of 5.6% from 2023 to 2033. 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 the 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, and labels, it is projected to hold 58.4% of the global MOPP packaging films industry share in 2033.
The market share of below 30-micron thickness films is projected to drop by 120 basis points over the forecast period. This is due to the difficulty in handling and the high probability of tearing and damage during transportation.
In addition, the value share of the above-60 microns segment is anticipated to gain over 230 basis points during the forecast period.
By end use, the 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 90 basis points in the global MOPP packaging films business.
However, the availability of alternatives to MOPP packaging films in the beverage packaging industry is anticipated to dampen sales prospects of MOPP packaging, falling by 60 basis points from its market share of 13.1% in the year 2021.
Based on applications, labels are projected to emerge as the most lucrative segment over the forecast period. It accounted for 36.2% of the total market share in 2022, followed by the wraps segment, holding 25.6% in 2021.
These segments are estimated to cumulatively offer an incremental opportunity of USD 104.7 million during the period 2023 to 2033. Increasing adoption of MOPP packaging films over traditional alternatives among manufacturers is identified as a chief growth accelerator in the global MOPP packaging films industry.
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 remain a part of growth strategies among players.
Leading MOPP packaging film manufacturers are also emphasizing 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 business through constant innovation, is offering the product to applications like cables, insulations, release liners, cushioning, and bundling.
Applications in the fields of horticulture, cosmetics, electrical & electronics, and pharmaceuticals have proven to be lucrative for manufacturers. This has also opened doors for many other applications in the market for packaging in MOPP packaging films.
The market is valued at USD 243.6 million in 2023.
Futamura Chemical Co., Ltd., Toray Plastics (America), Inc., and Now Plastics Inc. are the key market players.
The food segment is the key end-use of MOPP packaging films.
The market secured a 3.1% CAGR from 2017 to 2022.
North America is estimated to hold a 21.4% share in 2033.
1. Executive Summary 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. Below 30 Microns 5.2. 30 to 60 Microns 5.3. Above 60 Microns 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Labels 6.2. Tapes 6.3. Wraps 6.4. Laminates 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food 7.2. Beverages 7.3. Cosmetics & Personal Care 7.4. Electrical & Electronics 7.5. Pharmaceuticals 7.6. Other Industrial End Uses 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Futamura Chemical Co. Ltd 16.2. Toray Plastics Inc. 16.3. Now Plastics Inc. 16.4. Transcendia, Inc. 16.5. monta Klebebandwerk GmbH 16.6. Nowofol Kunststoffprodukte GmbH & Co. KG 16.7. Lenzing Plastics GmbH 16.8. SJA Film Technologies Ltd 16.9. Hi-Tech International 16.10. Duy Khang Packaging Company Limited 17. Assumptions & Acronyms Used 18. Research Methodology
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MOPP Packaging Films Market
