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Biaxially Oriented Polyamide (BOPA) Films Market to witness remarkable proceeds over 2024, global industry valuation to exceed $6bn by 2024

Author : Rahul Varpe | Published Date : 2019-03-13 

The medical & pharmaceutical industry will escalate the Biaxially Oriented Polyamide (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.

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.

To access a sample copy or view the Biaxially Oriented Polyamide (BOPA) Films Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/2173

Biaxially Oriented Polyamide (BOPA) films are manufactured by stretching polyamide films in the machine and transverse direction. Biaxial orientation of the film imparts unique characteristics such as superior mechanical strength, dimensional stability, and resistance against burst, impact, aroma, and gas. The product exhibits glossy and transparent surface, which provides an aesthetic look for packaging purposes. BOPA films are gaining popularity as a high-performance packaging material among other biaxially oriented films used in the flexible packaging of food & beverage, medical & pharmaceutical, and electronics and household products.

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.

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.

The key participants in the Biaxially Oriented Polyamide (BOPA) Films Market 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.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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