Analysis of Biaxially Oriented Polyamide Films Market by 2024

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Biaxially Oriented Polyamide (BOPA) Films Market
To Grow At Over 10 CAGR Up To 2024
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Global Market Scenario of Biaxially Oriented
Polyamide Films Industry

• Biaxially Oriented Polyamide (BOPA) Films Market
  size will surpass USD 6 billion by 2024
  according to a new research report by Global
  Market Insights, Inc.
• The superior barrier properties of BOPA films
  will augment its market growth in the study
  period. The product has excellent mechanical
  properties such as resistance to puncture, burst,
  impact, and tear. It also exhibits high abrasion
  as well as flex crack resistance. Stretching the
  film in two directions enhances its dimensional
  stability providing optimum performance during
  converting and packaging.
• The product has a high resistance to organic
  solvents, and chemicals such as acids alkalis,
  making it a preferable choice for medical
  pharmaceutical packaging. The product also
  possesses high barrier to gases and aroma. It has
  a lower oxygen transmission rate than other
  oriented films such as BOPP and BOPET. These
  factors will boost the products demand for
  flexible packaging purposes and will augment the
  BOPA films market development till 2024.

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Continue-

• Rising high performance packaging material demand
  in the Asia Pacific food beverage industry will
  drive the BOPA films market growth during the
  forecast timeframe. This high demand for
  packaging materials have been propelled by
  growing processed food consumption in China,
  Japan, India, and Korea owing to the dynamic and
  busy lifestyle of the people living in these
  countries.
• Additionally, high performance food packaging
  material demand has also been boosted by various
  government standards which regulate the quality
  of packaged food beverage products. Growing
  awareness about the benefits of fresh food item
  consumption will also contribute to the BOPA
  films market growth as the product is widely used
  for packaging fresh and perishable items such as
  meat, dairy products, fish, vegetables, fruits,
  etc.
• The limited technological availability for
  product manufacturing coupled with their high
  price will be the key factors hampering the
  product market growth in coming years. BOPA films
  are not commonly manufactured in all regions and
  most countries have to rely on imports from Asia
  Pacific to cater to domestic demand leading to
  increased product price.

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360 Analysis-

• Specialty and plain BOPA films are the two
  product segments in the overall BOPA films
  market. Specialty segment dominated the market
  and is likely to generate a revenue exceeding USD
  5.5 billion by 2024. This segments development
  will be augmented by the growing demand for
  vacuum, retort and shrink-packaging films in the
  food beverage industry. Three-layered films are
  a key specialty BOPA films sub-segment which is
  likely to grow by more than 11.5 CAGR till 2024.
• Medical pharmaceutical packaging is a key
  application segment in the BOPA films market.
  This segment is likely to generate a revenue
  above USD 250 million by 2024. The product is
  mostly used in cold formed pharmaceutical
  packaging industry. They are also used for
  packing medicinal pills, surgical instruments
  accessories, gauzes bandages, syringes etc.
• Asia Pacific is the most significant BOPA films
  market which is likely to account for over
  three-fourth of the total industry by 2024. Asia
  Pacific product market will gain by around 11.5
  CAGR during the study period. High growth in the
  Asia Pacific flexible packaging market coupled
  with increased acceptance of the product in the
  packaging industries of China, Japan, and South
  Korea will augment the BOPA films market in this
  region.

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• Competitive Analysis
• Major BOPA films market players include Unitika,
  AdvanSix, Sojitz, Mitsubishi, Kunshan Yuncheng
  Plastic Industry, AMB Spa, Triton, Oben, A.J.
  Plast Public Company, Green Seal Holding,
  Cangzhou Mingzhu Plastic Company, Kuraray, Domo,
  Impak Films, GUNZE, NOW Plastics, Thaipolyamide,
  AEC Group, Transparent Paper Ltd., Idemitsu, etc.

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