MOPP Packaging Films Market | One of the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2031

The global MOPP packaging films market revenue totaled US$ 204.7 Mn in 2020, according to ESOMAR-certified consulting firm Future Market Insights (FMI). With a favorable demand outlook, the global MOPP packaging films market is expected to reach US$ 367.7 Mn by 2031, growing at a CAGR of 5.2% over the forecast period.

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Sales of MOPP packaging films were dampened due to the outbreak of COVID-19 pandemic. However, with expedited vaccine drives and improvements in supply chains, FMI projects steady recovery of the market in 2021, growing at a 4.7% CAGR by volume.

Increasing applications of MOPP packaging films in manufacturing of tapes, wraps and labels is driven by their superior benefits such as high tensile strength and tear resistance.

Not only MOPP packaging films have beneficial mechanical properties, but they are visually appealing and contribute to a product’s aesthetic appeal, becoming an ideal choice of primary and secondary packaging solutions.

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Growing preference regarding eco-friendly packaging alternatives is encouraging advancements in MOPP packaging films market. These films are made from a single material and have high recycled value. As a result, increasing adoption of sustainable solutions in the packaging industry to comply with environment protection initiatives will continue driving sales of MOPP packaging films during the forecast period.

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

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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 market by the end of 2031.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
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Website: https://www.futuremarketinsights.com

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.