The global BOPP packaging tapes market was valued at US$ 15.5 Bn in 2018 and is predicted to exhibit a robust CAGR of 4.3% during the projection period from 2019 to 2029.
The global BOPP packaging tapes market is anticipated to grow at an opulent pace with a stable CAGR of 4.5% between 2022 and 2029. The global market is expected to reach US$ 23.8 Bn by the year 2029. The BOPP packaging tapes are known for their rugged structure that offers high tensile strength for packaging. Such properties are known for their uniqueness, thereby keeping the cash registers ringing for the BOPP packaging tapes market.
Europe, South Asia, and East Asia are anticipated to garner a collective revenue share of around 70% in the global market for BOPP Packaging Tapes by the end of 2029.
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BOPP packaging tapes are considered to be the most cost-effective and efficient components when it comes to packaging solutions. Due to their versatile application, these tapes are used in several end-use industries. 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.
Key Takeaways
Competitive Landscape
The global BOPP packaging tapes market competitive landscape includes new product launches, partnerships, joint ventures, mergers, and acquisitions.
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More Insights into the BOPP Packaging Tapes Market
The widespread availability of cost-effective raw materials and labor has made a positive influence on several multinational companies' order to move their production plants to the Asian region. This would therefore let the Asian market come into the limelight. The world is eyeing Asia-Pacific, especially Taiwan, as it has grown at a faster pace than China in the past 2 years regarding the production of corrugated sealing tapes.
Dominant manufacturers of BOPP packaging tapes are expected to set their production base in the Asian regions because of the abovementioned reasons. In the year 2021, the demand for corrugated boxes in the Asian market grew by 20%. This is indicative of the demand for BOPP packaging tapes in the region and this streak is expected to continue all through 2029 as well.
Key Segments Covered in BOPP packaging tapes Industry Research
BOPP Packaging Tapes Market by Thickness:
BOPP Packaging Tapes Market by Adhesive:
BOPP Packaging Tapes Market by Width:
BOPP Packaging Tapes Market by End-user:
BOPP Packaging Tapes Market by Region:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Global BOPP Tapes Market Demand Analysis 2014-2021 and Forecast, 2022-2029
3.1. Historical Market Volume (Units) Analysis, 2014-2021
3.2. Current and Future Market Volume (Units) Projections, 2022-2029
3.3. Y-o-Y Growth Trend Analysis
3.4. Absolute $ Opportunity Analysis
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market
Jan 24, 2023