Global BOPP Packaging Tapes Market to Reach US$ 23.8 billion by the year 2029, Driven by Increasing Demand

Market researchers recently forecasted that over the coming few years, the global BOPP packaging tapes market will grow significantly. It is anticipated that between 2022 and 2029, the market, which consists of a wide range of sticky tape materials used in packaging applications, will develop at a CAGR of 4.5% and reach US$ 23.8 billion.

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One of the key reasons propelling growth in the BOPP packaging tapes market is the increasing demand for trustworthy and effective packaging solutions across numerous industries. BOPP tapes are becoming more and more popular because of their increased strength, durability, and resistance to moisture and temperature fluctuations. The need for BOPP tapes is also expected to rise due to the development of the e-commerce industry, which places a high value on dependable and secure packaging.

The study also highlights the growing trend of sustainable packaging solutions and how it is expected to affect the market for BOPP packaging tapes in the future years. Consumers are becoming more aware of the impact packaging has on the environment, and many companies are increasingly making eco-friendly decisions for their products and practises.

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Overall, the global BOPP packaging tapes market is poised for significant growth in the coming years, driven by the increasing demand for efficient and sustainable packaging solutions across various industries.

Key Takeaways

• Owing to the surge in disposable income has motivated individuals to spend more, which has led to an increase in online shopping because it not just saves time for consumers but also opens a window to a wide range of products at a single click. This has accelerated the e-Commerce market at a substantial rate.
• Widespread awareness among the manufacturers has bolstered growth in online website revenue since they are more helpful in direct sales of their manufactured products, therefore, saving their distribution costs.
• Growing economies are majorly relying on e-commerce platforms as compared to the conventional methodology in order to surge as the involvement of distributors’ margin is out of the question. Such factors are expected to bolster growth in the market.
• The retail market saw a major reformation over the years. Currently, consumers are more fascinated by the packaging of the product. In addition to that, customization is being welcomed all over. So, customized BOPP packaging tapes are used for packaging and sealing products with the company’s brand name on them. Such moves have surged demand for BOPP packaging tapes in the market.
• Several important restaurants have initiated customized tapes for takeaway food for packaging, which is augmenting their brand image among several customers. The retail market for surging economies has recently adopted customized BOPP packaging tapes for packaging, which is bound to keep the hopes high for the BOPP packaging tapes market.
• Utilization of BOPP packaging tapes is simpler which makes it a widely used item in sealing and packaging in the manufacturing & warehousing verticals. From the aforementioned factors, it has been anticipated that BOPP packaging tapes are expected to bolster over the projection period.

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Competitive Landscape

The global BOPP packaging tapes market competitive landscape includes new product launches, partnerships, joint ventures, mergers, and acquisitions.

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 Players:

•         Bolex Shenzen
•         Adhesive Products Co. Ltd.,

Key Segments Covered in BOPP packaging tapes Industry Research

BOPP Packaging Tapes Market by Thickness:

• 35 - 50 Micron
• 51- 65 Micron
• Above 65 Micron

BOPP Packaging Tapes Market by Adhesive:

• Hot Melt Rubber
• Hot Melt Acrylic

 BOPP Packaging Tapes Market by Width:

• 11mm -30 mm
• 31mm - 70 mm
• Above 70 mm

BOPP Packaging Tapes Market by End-user:

• Manufacturing & Warehousing

o    Food & Beverages

o    Chemicals & Lubricants