Biaxially oriented popypropylene (BOPP) have been extensively used by packaging industry, and BOPP for labels is particularly used by F&B, pharmaceutical, electrical & electronics, and logistics industry operators.
BOPP labels facilitate the process of identification of a product, machinery, pallets, shipping cartons, warehouse bins, barrels, and others, which remains a key factor driving their sales in global market.
Adoption of BOPP for labels is increasing, with an aim to minimize the odds of human error and speed up the data and work process flow.
Large-sized data is encrypted on BOPP for labels, which require less space and ensures product safety. Manual entry of such data might result in error and misinterpretation.
Therefore, the need for reducing human errors among end-users is driving the BOPP for labels market growth. BOPP for labels offer the ease of inventory tracking and superfast data extraction, with least human intervention. This, complementary to the packaging industry’s radical shift towards automation, will bolster the growth of BOPP for labels market in the near future.
Find Out More about the Report Coverage
- CCL Industries Inc.
- Avery Dennison Corporation
- Fuji Seal International, Inc
- Huhtamäki Oyj
- Walle Corporation
- Anchor Printing
- Traco Manufacturing, Inc
- Fort Dearborn Company
- Resource Label Group, LLC
- Axiom Label Group
- 3M Company
- Coveris Holdings S.A
Opportunities Abound in Alcoholic Beverages Sector
Persistence Market Research’s analysis of the market reveals that the F&B industry contributes more than 53% to the total market revenues. The demand is however witnessing a notable upsurge in the alcoholic beverages segment since the recent past.
Rising per capita spending owing to the improving disposable income, coupled with the expanding alcohol consumption culture are projected to fuel the increasing popularity of alcoholic beverages.
This is the major end-use industry for smart labels. Next-gen technologies such as Internet of Things (IoT) have been gaining traction in the light of Industry 4.0 initiatives. Driven by the same, beverage packaging manufacturers are particularly adopting smart labels.
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Impact of COVID-19 Pandemic on BOPP for Labels Market
The global COVID-19 pandemic has cast a negative shadow of indefinite uncertainty over the industrial sectors. Packaging industries is no exception. However, the initial months of outbreak and declaration of lockdowns and store closures immediately led consumers to indulge in panic buying packaged foods, dairy products, and beverage items.
While this provided a brief impetus to the BOPP for labels, the market soon started to encounter the prime challenges such as supply chain interruptions and logistical limitations. This eventually posed a harsh impact on both domestic as well as international markets.
Packaging demands of pharmaceutical industry and fast-moving consumer goods (FMCG sector) that fall under the essential category, are being catered to by some packaging industry operators.
As the world is gradually trailing towards the post-pandemic world and manufacturing units are planning for a comeback in action, several packaging machinery plants are operating at a reduced capacity with limited workforce.
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Competition Landscape Analysis
As per PMR’s research, the BOPP for labels market is witnessing a consolidated competition with the presence of a large number of key players. Leaders in the global BOPP for labels market include, but are not limited to, CCL Industries Inc., Fuji Seal International, Inc., 3M Company, Avery Dennison Corporation, and Coveris Holdings S.A. are the largest and most experienced in the global BOPP for labels market. Kay players continue to contribute nearly 10-12% share to the total market revenues.
Owing to the expansion of food and beverages industries the leading players are focussing on the business expansion in the Asia Pacific countries such as China, India and Indonesia. To increase global footprints key manufacturers are adopting acquisition strategies to expand their businesses and product portfolios.
Companies are also focussed on innovations and NPDs. R&D investments will also be a priority of BOPP-based packaging providers. For instance, in 2019, Coveris targets growth in the BOPP label beverage market which is supported by continued investment at its manufacturing facility in the United Kingdom.
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BOPP for labels help in extraction of data within microseconds and update the database. Manufacturers can easily track work in flow using RFID-based BOPP for labels. An increasing need for effective inventory tracking and workflow tracing among end users is boosting market demand for BOPP for labels at a global level.
Rapid growth of key end-use segments such as processed food sector, pharmaceutical industry, and beverages sector will remain the prime factor pushing sales of BOPP films for labels on packaging.
Key Segments of Global BOPP for Labels Market
PMR’s study on the global BOPP for labels market offers comprehensive information categorized into four key segments- source, nature, end-use, and region.
Key Questions Answered in the Report
- How much is the BOPP for labels market worth?
The BOPP for labels market is estimated to be worth US$ 27.8 Bn in the year 2021.
- What will be the demand outlook?
The BOPP for labels market is expected to witness a CAGR of 5.2% between 2021 and 2031.
- What was the last 5 year market CAGR?
The global BOPP for labels market witnessed a CAGR of 3.7% between 2015 and 2020.
- What are the key trends of BOPP for labels market?
The latest trend is that of consumers increasingly preferring convenient packaging, especially in the food & beverage vertical.
- What is driving the demand for BOPP for labels?
The fact that BOPP is completely recyclable is driving the demand for BOPP for labels.
- What is the market share of top 5 players?
The top 5 players such as Cosmo Films, Taghleef Industries, Jindal Poly Films, CCL Industries, and Sibur Holdings hold more than 30% of the market share.
- What are the top 5 countries driving demand?
The top 5 countries driving demand include Canada, UAE, India, Russia, and China.
- What is North America’s market Outlook?
North America will continue to witness flat growth curve in the BOPP for labels market between 2021 and 2031.
- At what percentage BOPP for labels market is going to register growth in Europe?
Europe is expected to register growth at the rate of 2.5% between 2021 and 2031.
- What are the key market statistics in Korea and Japan?
Japan and South Korea are expected to generate significant revenue from BOPP for labels market between 2021 and 2031.