Global Market Study on BOPP for Labels: Demand Upheld by Surging Need for Quicker Data Extraction and Convenient Inventory Tracking


Bopp For Labels  Market
  • Published On : May-2020 |
  • Pages : 174 Pages |
  • Format : Bopp For Labels  Market Bopp For Labels  Market Bopp For Labels  Market Bopp For Labels  Market

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.

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.

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.

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.

Analyst’s Viewpoint

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.

The latest market report by Persistence Market Research on the global BOPP for labels market evaluates opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global BOPP for labels market during the forecast period of 2020-2030. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the global BOPP for labels market. This market study contains exclusive insights into how the global BOPP for labels market is anticipated to grow during the forecast period.

The primary objective of the global BOPP for labels market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with BOPP for labels. It is very important to consider that in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecast, enabling readers to better understand the analysis and evaluation of the global BOPP for labels market, and to discover lucrative opportunities in the market.

This study on the global BOPP for labels market also provides an estimate of the global BOPP for labels market size and corresponding revenue forecast carried out in terms of absolute $ opportunity. It also offers actionable insights based on future trends in the BOPP for labels market. Furthermore, new and emerging players in the global BOPP for labels market can make use of the information presented in the report to make effective business decisions, which will provide momentum to their businesses and the BOPP for labels market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global BOPP for labels market. All stakeholders in the global BOPP for labels market, as well as industry experts, journalists, and business researchers can leverage the information and data represented in PMR’s study.

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.

Product

Printing Technology

Thickness

End Use

Region

  • Pressure Sensitive Labels (PSL)
  • Flexographic Printing
  • Up to 20 micron
  • Food & Beverages Industry
  • North America
  • Shrink Labels
  • Digital Printing
  • 20 to 40 micron
  • Confectionery & Bakery
  • Latin America
  • Wet Glue Labels
  • Gravure Printing
  • 41 to 60 micron
  • Dairy & Dessert
  • Western Europe
  • Others (In-mold, Pre-gummed, etc.)
  • Offset Printing
  • More than 60 micron
  • Baby Food
  • Eastern Europe
  • Letterpress Printing
  • Chilled/Frozen food
  • Asia Pacific Ex Japan
  • Others
  • Japan
  • Beverage
  • Middle East & Africa
  • Alcoholic
  • Non-alcoholic
  • Pharma
  • Tablets/Capsule
  • Cream/Ointment
  • Liquid Syrup
  • Others
  • Cosmetics & Personal Care
  • Homecare & Toiletries
  • Chemicals
  • Automobiles
  • Others

Key Questions Answered in PMR’s Global BOPP for Labels Market

  • Which region will hold the highest market share in the global BOPP for labels market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global BOPP for labels market?
  • Which are the global trends impacting the BOPP for labels market?
  • What strategies must be emerging players adopt to capture opportunities in various regions in the BOPP for labels market?
  • What is the market structure of the global BOPP for labels market?

Global BOPP for Labels Market: Research Methodology

PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global BOPP for labels market and reach conclusions about the future growth factors of the BOPP for labels market. The research methodology uses primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Ex. Japan, Japan, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include-

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Bopp For Labels Market Report

  • 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
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