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BOPA Films Market to amass major gains over 2024, APAC likely to dominate the regional demand

Author : Rahul Varpe | Published Date : 2019-04-02 

Asia Pacific will be profitable for the growth and will account for more than 75% of the overall BOPA Films 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.

Biaxially Oriented Polyamide (BOPA) Films will surpass USD 6 billion by 2024; according to a new research report. 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.

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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.

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.

Biaxially Oriented Polyamide (BOPA) Films market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

Biaxially Oriented Polyamide (BOPA) Films Market by Product

  • Plain BOPA
  • Specialty BOPA
    • Two-layered BOPA films
    • Three-layered BOPA films
    • Five-layered BOPA films
    • Seven-layered BOPA films
    • Others

Biaxially Oriented Polyamide (BOPA) Films Market by Application

  • Food & beverage
  • Medical & pharmaceutical
  • Electronics
  • Others

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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.

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.

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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