BOPP Packaging Tapes Market in Good Shape in 2019;COVID-19 to Affect Future Growth Trajectory

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BOPP Packaging Tapes Market is set for a
promising growth outlook at over 4 CAGR by 2029

• April 2020

Report Id REP-GB-2727 Published On Jan
13,2020 Category Packaging
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BOPP Packaging Tapes Market Analysis
Increasing applications of medium and heavy-duty
cartons in international and domestic operations
require superior sealing materials at an
industrial scale. Ideal applications in
warehousing and manufacturing businesses are
major factors supporting the growth of the global
BOPP packaging tapes market. The global BOPP
packaging tapes market will cross a market
valuation of US 16 Bn by 2029. High growth
potential in emerging economies boosts production
rates. The trend of customizing BOPP packaging
tapes is another key market influencer. "BOPP
tapes enable low noise during packaging on the
cartons, and is used widely for machine
applications to provide accurate and uniform
sealing. Its resistance to extreme weather and
higher tensile strength, drives adoption," says
the FMI analyst
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BOPP Packaging Tapes Market Analysis

• Global BOPP Packaging Tapes Market - Key
  Takeaways
• Warehousing manufacturing, followed by
  e-commerce are the leading end use industries for
  BOPP packaging tapes.
• Customized BOPP packaging tapes will gain a
  larger demand share over single-color/plain
  alternatives through the forecast period.
• The food beverages sector will make substantial
  applications of BOPP packaging tapes, for
  superior accuracy and durability.
• The 35-50-micron segment will account for 2/5th
  of the overall market revenue share.
• Hot melt rubber, and hot melt acrylic adhesives
  are popular options, for faster bonding and
  higher durability respectively.
• East Asia will remain a prominent regional market
  for the global BOPP packaging tapes industry,
  driven by a major global presence of China.

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BOPP Packaging Tapes Market Analysis

• Global BOPP Packaging Tapes Market - Key Driving
  Factors
• Superior characteristics including double sided
  adhesion, transparency, ease of use, chemical and
  water resistance, superior retraction rates, and
  non-toxicity drive demand.
• High demand in retail packaging applications is a
  primary driver for growth in the BOPP packaging
  tapes market.
• Increasing adoption of smart technologies, and
  innovative applications in the e-commerce
  industry will also contribute to growth.
• Manufacturers are targeting lucrative growth
  opportunities in South and East Asia, which will
  aid in a stronger market position.
• Global BOPP Packaging Tapes Market - Key
  Restraints
• Strict government regulations against product
  such as single use plastics are expected to
  remain a major challenge for manufacturers.
• Increasing consumer preference for tapes using
  bio-based adhesives is also likely to hinder
  market growth.

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BOPP Packaging Tapes Market Analysis
The Coronavirus Impact The covid-19 pandemic has
had a major impact on the global packaging
industry. With production and supply chain
disruptions, manufacturers are seeking options
out of China. As workers in manufacturing
facilities are being forced to self-isolate,
supplies of BOPP packaging tapes are likely to
fall short owing to factory closures. It is
increasingly becoming important to avoid having
all suppliers in one region, even as the
condition becomes more volatile with the
continuing threat of climate change. In addition,
the use of sustainable materials such as reusable
plastics will also be hit as the outbreak
spreads, influencing the global BOPP packaging
tapes market.
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BOPP Packaging Tapes Market Analysis
Competitive Landscape Market players in the BOPP
packaging tapes market are prioritizing market
penetration into the emerging markets of South
Asia and East Asia. A key growth strategy adopted
by manufacturers is development of new product
offerings, in addition to leveraging growth in
the manufacturing sector. Major market players
that influence competition in the BOPP packaging
tapes market are, but not limited to, Bolex
Shenzen Adhesive Products Co. Ltd., Intertape
Polymer Group Inc., Vibac Group S.p.A, 3M
Company, Delphon Industries LLC, and Tesa SE.
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BOPP Packaging Tapes Market Analysis

• Press Release Source https//www.accesswire.com/5
  84983/BOPP-Packaging-Tapes-Market-Pegged-at-over-U
  S-16-Bn-by-2029-Production-Halts-Due-to-Coronaviru
  s-Crisis-Leading-to-Shortages-Finds-FMI-in-a-New-S
  tudy
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BOPP Packaging Tapes Market Analysis
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