The MOPP packaging films market is poised for robust growth, projected to experience substantial demand and attain a total valuation of US$ 243.6 million in 2023. Future Market Insights anticipates a steady increase in demand for MOPP packaging films, with a projected Compound Annual Growth Rate (CAGR) of 4.9% from 2023 to 2033. This forecast underscores the market’s resilience and sustained demand, reflecting the versatile applications and enduring popularity of MOPP packaging films in diverse industries, including food and beverage, pharmaceuticals, and consumer goods, where they serve as a reliable and effective packaging solution.
The surging popularity of MOPP packaging films in the market is attributed to the increasing demand for packaging convenience and the imperative for safe and secure packaging solutions. A key driver for the heightened demand in MOPP packaging films is the consumer inclination towards ready-to-eat foods and a growing awareness of food safety considerations. These factors collectively propel the market’s growth as manufacturers and consumers alike prioritize packaging solutions that offer both convenience and adherence to stringent safety standards, making MOPP packaging films a preferred choice in the ever-evolving landscape of packaging materials.
Projected to maintain its position as the third-largest market for MOPP packaging films, North America is expected to command over 21.4% of the market share by the conclusion of 2033. FMI’s analysis indicates notable expansion in the United States, contributing to a market share of 20.5% and a total valuation of US$ 48.4 million in 2022. This underlines the sustained demand for MOPP packaging films in the North American region, particularly in the United States, where market dynamics are influenced by factors such as consumer preferences, industry trends, and the evolving landscape of packaging requirements.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-10860
A key catalyst for this growth is the flourishing cosmetics industry in Europe. Over the past decade, this industry has consistently thrived, driven by consumers’ affinity for high-end cosmetic brands and the ever-increasing focus on appearance, particularly among millennials. According to Cosmetics Europe, the German cosmetics and personal care market alone was valued at approximately US$17 billion in 2020.
Furthermore, the widespread applications of MOPP labels and wraps in the personal care and cosmetics sectors, coupled with Germany’s strong presence of key manufacturers, continue to fuel the demand for MOPP packaging films, cementing Germany’s position as a significant player in this market.
Key players
- Futamura Chemical Co., Ltd.
- Toray Plastics (America), Inc.
- Now Plastics Inc.
- Transcendia, Inc.
- Monta Klebebandwerk GmbH
- Nowofol Kunststoffprodukte GmbH & Co. KG
- Lenzing Plastics GmbH Co KG
Key Takeaways:
- By thickness, above 60-micron MOPP packaging films segment is projected to grow at a 5.6% CAGR through 2031.
- Based on application, the labels segment is expected to hold 38.6% of the total MOPP packaging films market share in 2031.
- Sales of MOPP packaging films in the food industry are projected to expand at a CAGR of 5.6% during the forecast period.
- The U.S. is anticipated to emerge as a lucrative market, accounting for 86.2% of sales in North America by 2031.
- Germany is projected to hold 15.8% of the Europe MOPP packaging films Industry by the end of 2031.
Key Features of MOPP Packaging Films
MOPP packaging films possess several key features that make them a preferred choice for packaging applications:
- High Clarity: MOPP films offer excellent transparency, allowing consumers to view the product inside the package, thereby enhancing its appeal.
- Moisture Barrier: These films provide a reliable moisture barrier, protecting the contents from humidity and moisture-related damages.
- Chemical Resistance: MOPP films exhibit resistance to various chemicals, ensuring the integrity of the packaged product.
- Printability: The surface of MOPP films allows for vibrant and high-quality printing, enabling brands to showcase their logos, product information, and promotional content effectively.
Rapid Growth of the Packaged Food Industry Affects MOPP Packaging Films Sales
The surge in disposable income and elevated living standards is a primary catalyst driving the increased demand for packaged food and ready-to-eat meals. This heightened consumer preference is fueling a robust demand for MOPP packaging films, prominently employed in labels and wraps for food product packaging. As a result, the market is poised for substantial growth, with expectations of expanding at a rate of approximately 1.03 times between 2032 and 2033, underscoring the pivotal role of MOPP packaging films in meeting the evolving demands of the thriving food packaging industry.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/10860
Key Segmentations-
By Thickness:
- Below 30 microns
- 30 to 60 microns
- Above 60 microns
By Application:
- Labels
- Tapes
- Wraps
- Laminates
By End Use:
- Food
- Beverages
- Cosmetics & Personal Care
- Electrical & Electronics
- Pharmaceutical
- Other Industrial
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube