Biaxially Oriented Polyamide (BOPA) Films Market growth outlook with industry review and forecast 2019-2024

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Biaxially Oriented Polyamide (BOPA) Films Market
Growth Outlook with Industry Review and Forecast
2019-2024
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Global Market Scenario of Biaxially Oriented
Polyamide Films Industry

• The medical pharmaceutical industry will
  escalate the BOPA films market growth due to its
  applications in the packaging of medical
  equipment such as syringe bandages, surgical
  instruments, medicinal pills, etc. Low oxygen
  transmission rate and high resistance to organic
  solvents, chemicals, and gases make BOPA films a
  perfect packaging material for the medical
  pharmaceutical sector.
• The primary hindrance to the growth of BOPA films
  market is its moisture absorbing propensity,
  which deteriorates the gas barrier property of
  the product. The other factor that will encumber
  the market growth is the high cost and low
  availability of stretching equipment.
• The food beverage sector provides a lucrative
  growth opportunity for the product market owing
  to its inimitable properties. BOPA films have a
  vital role in the packaging of processed food,
  seafood, dairy products, and others. Food
  beverage application category depicted the
  maximum growth of over 9 CAGR and a revenue of
  over USD 1.5 billion in 2016. Rapid urbanization
  coupled with long working hours in Asia Pacific
  provides a rising trend in the consumption of
  processed and ready-to-eat food, which will surge
  the demand for flexible packaging material in the
  forthcoming period. Various government
  regulations pertaining to packaged food quality
  will augment the growth of BOPA films market.

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• On the basis of product, BOPA films are
  bifurcated into specialty and plain BOPA films.
  The specialty segment leads the market and will
  generate a revenue of over USD 5 billion in 2024.
  Two and three-layered BOPA films find their
  extensive usage in the food beverage sector as
  a retort, shrink, and vacuum packaging film.
  These two sub-segments together will occupy the
  majority share of the industry during the study
  period.
• On application basis, the BOPA films market is
  categorized as medical pharmaceuticals,
  electronics, food beverage, and others, which
  include book lamination, household products,
  balloons, etc. The food beverage sector covered
  over 65 of the end-use landscape and will gain
  by approximately 10 CAGR during the study
  period.

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360 Industry Analysis

• Asia Pacific will be profitable for the growth
  and will account for more than 75 of the overall
  market in the coming years. Trending demand for
  BOPA films with the growing endorsement of the
  product in the packaging sector in developing
  countries will drive market growth.
•  

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• Competitive Analysis
• The key participants in the BOPA films industry
  are Mitsubishi, Unitika, AMB Spa, A.J. Plast
  Public Company, Advansix, Green Seal Holding,
  Kuraray, Sojitz, Domo, NOW Plastics, Idemitsu,
  Kunshan Yuncheng Plastic Industry, Thaipolyamide,
  GUNZE, Impak Films, and AEC Group.

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