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

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

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The report initiates with an executive summary of the BOPP Tapes market, which includes key findings and statistical analysis of the market. It also includes demand and supply-side trends pertaining to the BOPP Tapes market. – PowerPoint PPT presentation

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


1
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
2
AboutFuture Market Insights
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
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  • Conclusions

SOLUTION
  • Market participants
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  • Key focus segments

Primary Research
Secondary Research
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includes sources of databases
4
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
5
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.

6
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.

7
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.
8
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.
9
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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    Landscape
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10
BOPP Packaging Tapes Market Analysis
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