Coronavirus Turmoil to Take Toll on Near-term Growth of BOPP Packaging Tapes Market

1. BOPP Packaging Tapes Market is set for a promising growth outlook at over 4% CAGR by 2029 April 2020 Report Id : REP-GB-2727 Published On : Jan 13,2020 Category : Packaging www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitive framework,and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solutionfor our client. Research Capabilities Sector Coverage ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Social Media Research www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews ❑ ❑ ❑ ❑ Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research ❑ ❑ ❑ ❑ ❑ ❑ Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection ❑ ❑ ❑ ❑ ❑ Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ ❑ Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights ❑ ❑ # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

4. BOPP Packaging Tapes Market Analysis Increasing applications of medium and heavy-duty cartons in international and domestic operations require superior sealing materials at an industrial scale. Ideal applications in warehousing and manufacturing businesses are major factors supporting the growth of the global BOPP packaging tapes market. The global BOPP packaging tapes market will cross a market valuation of US$ 16 Bn by 2029. High growth potential in emerging economies boosts production rates. The trend of customizing BOPP packaging tapes is another key market influencer. "BOPP tapes enable low noise during packaging on the cartons, and is used widely for machine applications to provide accurate and uniform sealing. Its resistance to extreme weather and higher tensile strength, drives adoption," says the FMI analyst Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

5. BOPP Packaging Tapes Market Analysis Global BOPP Packaging Tapes Market - Key Takeaways 1. Warehousing & manufacturing, followed by e-commerce are the leading end use industries for BOPP packaging tapes. Customized BOPP packaging tapes will gain a larger demand share over single-color/plain alternatives through the forecast period. The food & beverages sector will make substantial applications of BOPP packaging tapes, for superior accuracy and durability. The 35-50-micron segment will account for 2/5thof the overall market revenue share. Hot melt rubber, and hot melt acrylic adhesives are popular options, for faster bonding and higher durability respectively. East Asia will remain a prominent regional market for the global BOPP packaging tapes industry, driven by a major global presence of China. 2. 3. 4. 5. 6. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

6. BOPP Packaging Tapes Market Analysis Global BOPP Packaging Tapes Market - Key Driving Factors 1. Superior characteristics including double sided adhesion, transparency, ease of use, chemical and water resistance, superior retraction rates, and non-toxicity drive demand. High demand in retail packaging applications is a primary driver for growth in the BOPP packaging tapes market. Increasing adoption of smart technologies, and innovative applications in the e-commerce industry will also contribute to growth. Manufacturers are targeting lucrative growth opportunities in South and East Asia, which will aid in a stronger market position. 2. 3. 4. Global BOPP Packaging Tapes Market - Key Restraints 1. Strict government regulations against product such as single use plastics are expected to remain a major challenge for manufacturers. Increasing consumer preference for tapes using bio-based adhesives is also likely to hinder market growth. 2. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

7. BOPP Packaging Tapes Market Analysis The Coronavirus Impact The covid-19 pandemic has had a major impact on the global packaging industry. With production and supply chain disruptions, manufacturers are seeking options out of China. As workers in manufacturing facilities are being forced to self-isolate, supplies of BOPP packaging tapes are likely to fall short owing to factory closures. It is increasingly becoming important to avoid having all suppliers in one region, even as the condition becomes more volatile with the continuing threat of climate change. In addition, the use of sustainable materials such as reusable plastics will also be hit as the outbreak spreads, influencing the global BOPP packaging tapes market. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

8. BOPP Packaging Tapes Market Analysis Competitive Landscape Market players in the BOPP packaging tapes market are prioritizing market penetration into the emerging markets of South Asia and East Asia. A key growth strategy adopted by manufacturers is development of new product offerings, in addition to leveraging growth in the manufacturing sector. Major market players that influence competition in the BOPP packaging tapes market are, but not limited to, Bolex Shenzen Adhesive Products Co. Ltd., Intertape Polymer Group Inc., Vibac Group S.p.A, 3M Company, Delphon Industries LLC, and Tesa SE. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

9. BOPP Packaging Tapes Market Analysis Press Release Source: https://www.accesswire.com/584983/BOPP-Packaging-Tapes-Market- Pegged-at-over-US-16-Bn-by-2029-Production-Halts-Due-to-Coronavirus-Crisis-Leading-to- Shortages-Finds-FMI-in-a-New-Study Explore Extensive Coverage of FMI's Packaging Landscape 1. 2. 3. Monobloc Aerosol Cans Market Blunt Wraps Market Mobile Phone Cases And Covers Market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

10. BOPP Packaging Tapes Market Analysis About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s largest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 10 © 2019 Future Market Insights, All Rights Reserved

11. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 11 © 2019 Future Market Insights, All Rights Reserved