The global BOPP Packaging Tapes market was valued at US$ 15.5 Bn in 2018, and is expected to exhibit a CAGR of 4.3% during the forecast period of 2019-2029. Europe, South Asia, and East Asia are expected to hold collective revenue share of 70% in the global market for BOPP Packaging Tapes by the end of 2029.
The global BOPP packaging tapes market is bound to reach US$ 23.8 Bn by the year 2029 at a CAGR of 4.5% between 2022 and 2029.BOPP tapes are highly suitable for manufacturing and warehousing, which continues to push their adoption within the E-commerce industry. Customized BOPP tapes is a new market trend, says the report. High growth potential resides in the markets of emerging economies.
The BOPP tapes has included feature of low noise during packaging on the cartons, ideal for machine applications that saves time and gives accurate and uniform sealing to the boxes. It can withstand all the extreme weather to due its physical property of higher tensile strength among its group.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-2727
Key Takeaways – BOPP Tapes Market Study
BOPP tapes witness a massive demand in the global market for the following properties- transparency with double-sided adhesion, non-toxicity, ease of use, reasonable retraction rate, and, most importantly, water and chemical resistance, longer life and good strength, which adds to its good-tear-proof performance.
Manufacturing & warehousing, followed by E-commerce industry, are identified as prominent end-use industries of BOPP tapes
Customized BOPP tapes are projected to be preferred over plain or single color BOPP tape in following years
Usage of BOPP tapes for packaging especially for food & beverages is expected to remain substantial as it ensures precise and durable packaging
The hot melt rubber adhesive has better quick stick bonding to carton boxes (corrugated paper board), however hot melt acrylic has long-lasting adhesive properties.
East Asian market is experiencing a high demand for BOPP tapes. This prominent demand is majorly driven by the presence of China that is driving the production of all the industries across the global market with cost-efficient ability.
The global BOPP packaging tapes market competitive landscape includes new product launch, partnerships,, joint ventures, mergers, and acquisitions.
- IPG paves the way for complete line of industrial packaging tape (Pressure-Sensitive Carton-Sealing Tape). It is known as a key manufacturer of superlative quality tape to retail and industrial channels.
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.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-2727
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
- Food & Beverages
- Chemicals & Lubricants
- Electronics & Electricals
- Personal care & Cosmetics