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Bi-axially Oriented Polyamide Films Market Insights, Size and Forecast up to 2025
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Based on application, the bi-axially oriented polyamide films market has been divided into food packaging, pharmaceutical packaging, balloon and others. Food packaging accounted for a significant share in the global bi-axially oriented polyamide films market due to the rise in packaged food industry. Bi-axially oriented polyamide films in pharmaceutical packaging is expected to experience a high growth rate, led by developments in the pharmaceutical sector. Industrial advancements are anticipated to drive the bi-axially oriented polyamide films market during the forecast period. Bi-axially oriented polyamide films are basically used when when high mechanical strength, high melting point, transparency, and good oxygen barrier is required.
In terms of region, the global bi-axially oriented polyamide films has been distributed over Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Asia Pacific was a major market for bi-axially oriented polyamide films in 2015 and is estimated to expand due to the rising number of end use industries. The growing demand for bi-axially oriented polyamide films in the pharmaceutical sector is also likely to boost the need for bi-axially oriented polyamide films in Asia Pacific in 2015. Its applications are driven by the rise in food packaging industry.
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The U.S. and China are likely to constitute major shares in the bi-axially oriented polyamide films market in Asia Pacific and North America respectively due to the evolution in fabrication. The market is anticipated to witness a shift from developed countries to the developing economies of Asia due to the fewer stringent environmental regulations in the latter. China and India are projected to register a high growth rate in the bi-axially oriented polyamide films market due to the advancements in end-use sectors, technological developments, and new innovative products launched in these countries. Thus creating a huge demand for bi-axially oriented polyamide films in Asia Pacific for the forecast period.
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