The global MOPP packaging films market is projected to reach US$ 243.6 million in 2023 and is expected to grow at a CAGR of 4.9% through 2033, according to a report by FMI.
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Market Drivers:
- Convenience and Safety: The growing demand for convenient and secure packaging solutions is a key driver of the MOPP packaging films market. This trend is fueled by rising consumer preference for ready-to-eat foods and heightened awareness of food safety.
- Shifting Consumer Preferences: Consumers are increasingly demanding high-barrier, lightweight packaging. MOPP films meet these needs, contributing to their market share growth.
- Sustainability Focus: The growing demand for eco-friendly packaging options is another key factor. MOPP films, which are recyclable and biodegradable, are well-positioned to benefit from this trend.
MOPP vs. BOPP: A Shift in Preference
The report highlights the growing popularity of MOPP films compared to traditional BOPP packaging films:
- Superior Properties: MOPP films offer better structural and dimensional properties than BOPP films.
- Strong Mechanical Properties: Being stretched in only one direction, MOPP films excel in applications requiring high cross-directional strength, making them ideal for labels and tapes.
Food Packaging: A Key Application
- Packaged Food Trend: The rising consumer preference for packaged and ready-to-eat food, fueled by busy lifestyles and convenience demands, is driving the demand for MOPP packaging films in food labels and wraps.
Pharmaceutical Industry: Another Growth Engine
- Pharmaceutical Expansion: The expanding pharmaceutical industry, spurred by advancements and the ongoing impact of the pandemic, is creating a need for efficient and convenient packaging solutions.
- Ideal Packaging Material: MOPP films’ high tensile strength, tear resistance, and excellent barrier properties make them a perfect choice for the primary and secondary packaging of pharmaceutical products like labels, laminates, and wraps.
Future Outlook:
- Sustainability Focus: The growing focus on eco-friendly packaging presents a significant opportunity for MOPP packaging films.
- Pharmaceutical Growth: The continued expansion of the pharmaceutical sector is expected to further drive demand for MOPP films.
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MOPP Packaging Films Market by Category
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
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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