BOPP Labels Market: Introduction
The BOPP labels market saw significant growth in 2021 with worldwide revenue up 3.3% year over year, owing to several factors, about which TMR offers detailed insights and forecasts in the BOPP labels market report.
BOPP labels market is a concentrated market and will witness a moderate growth, especially due to gaining popularity for sustainable & eco-friendly packaging and labelling solutions. BOPP labels have witnessed steady growth for the past decade due to the decline in cost caused in storage & freight. Their negligible effect on natural surroundings & recyclable nature will result in complete elimination of waste, which is one of the major restraints of the labelling industry.
With the usage of BOPP labels, manufacturers are gaining control over landfill problems. These factors will help in increasing the demand for BOPP labels during the forecast period.
Even though the food end use sector holds the largest share of the BOPP labels market, manufacturers have expanded their portfolio and started to diversify the market share, which made beverage end use segment the second largest shareholder.
Cosmetic & personal care, along with pharmaceutical segment will showcase high growth rate and hold enormous opportunities for the BOPP labels market during the forecast period.
Growth of Organized Retail Sector to Boost Demand for BOPP Labels
The BOPP labels market is driven by the organized retail sector, which is experiencing a healthy evolution in developing economies and is expected to advance rapidly. The popularity of supermarkets, changing lifestyles, and rising per capita disposable incomes are projected to further fuel the growth of the organized retail sector.
The expansion of the sector has stimulated the growth of several allied industries such as labeling. With the increasing demand for labeling, manufacturers have started offering advanced BOPP labeling solutions to brand owners.
Due to the perishable properties of products such as meat, poultry, and seafood, retail companies use BOPP labels to monitor their longevity. The rising demand for such products is anticipated to augment the sales of BOPP labels during the forecast period.
Smart BOPP labels are also useful for inventory tracking in the retail industry. Every retail chain has its own warehouse to store merchandise. BOPP labels enable logistical management and easy detection of goods, which helps retail chains to closely monitor their stock.
Every product has a unique code, which aids the use of labels in the retail industry. For instance, Walmart uses RFID-based BOPP labels to reduce the possibilities of counterfeit and replacement of products.
Alcoholic Beverages Industry to Offer Lucrative Opportunities
The alcoholic beverages industry has been observing moderate growth over the past few years. Rising per capita disposable incomes and greater acceptance of alcohol consumption are forecast to supplement the increasing popularity of alcoholic beverages.
The Internet of Things is gaining traction in different developed economies and is likely to find acceptance in developing economies as well. The alcoholic beverages industry is one of the largest revenue-generating end-use industries for smart labels.
Due to the increasing incidence of counterfeiting in various countries, brand owners are seeking solutions such as smart BOPP labels to reduce these risks.
- In March 2019, Thinfilm, in collaboration with Diageo, introduced smart labels for alcoholic beverage products
BOPP Labels Market: Competition Landscape
The global BOPP labels market is anticipated to witness strong competition among key players. This market includes a few well-established market participants. Along with this, several other local and small scale manufacturers are also entering the BOPP labels market attributing to significant revenue creation with the rising demand for BOPP labels.
Some of the key players operating in the global BOPP labels market are CCL Industries, Avery Dennison Corp., Fuji Seal International Inc., Huhtamaki Oyj., 3M Company, Anchor Printing, Traco Manufacturing Inc., Fort Dearborn Company, Coveris Holding S.A., Resource Label LLC, Toray Plastics (America) Inc., Irplast S.p.A., Jindal Poly Films Ltd., Cosmo Films Ltd., Crystal Vision Packaging Co., PT Argha Karya Prima Indsutry Tbk, Vintech Polymer Pvt. Ltd., Nadco Tapes and Labels Inc., Poligal S.A., Guangdong Decro Film New Materials Co. Ltd.
The tier structure is formulated on the basis of segmental revenue and market share of the company. As per tier structure CCL Industries, 3M Company, Avery Dennsion Corp., and Fuji Seal International Inc. are the tier 1 players in the BOPP labels market. These leading companies are adopting key strategies such as business expansion, acquisition, and products launch to strengthen their position in the BOPP labels market.
Moreover, tier 2 players Huhtamaki Oyj., Toray Plastics (America) Inc., Jindal Poly Films Ltd., Resource Label Group, Fort Dearborn Company, and other major players.
Global BOPP Labels Market Segmentation
- BOPP Labels Market by Product
- Pressure Sensitive Labels
- Wrap Around Labels
- In-Mould Labels
- Others (Wet Glue, Shrink Labels, etc.)
- BOPP Labels Market by Coating Type
- Top-coated labels
- Non-coated labels
- BOPP Labels Market by Printing Technology
- Flexographic Printing
- Digital Printing
- Gravure Printing
- Offset Printing
- Letterpress Printing
- BOPP Labels Market by End Use
- Meat, Poultry, Seafood
- Fruits and Vegetable
- Others (Sauces, Condiments, etc.)
- Cosmetic and Personal Care
- Electric and Electronics
- Others (Automobiles, Chemicals, Homecare, etc.)
- BOPP Labels Market by Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our Report to take the right decision.View Report