Biaxially Oriented Polyamide Films Market 2020 | Insights & Forecast Research Report 2024

Global Market Insights, Inc present the report on global Biaxially Oriented Polyamide Films Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research.

One of the most renowned giants in biaxially oriented polyamide (BOPA) films market, Domo Chemicals, had recently, in 2016, invested over EUR 1 million for the construction of a pilot polymerization technical center to expand its research activities in Germany.

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This expansion comes on the heels of the fact that in recent times, pertaining to the growing importance of BOPA films in numerous sectors, reputed players in biaxially oriented polyamide (BOPA) films industry have been adopting significant business strategies to improve their portfolio of innovative products. In 2014, for example, Domo Chemicals acquired the Italy based, leading European BOPA films producer, CFP Flexible Packaging Spa. Via this acquisition, Domo Chemicals had actually made an attempt to improve its product portfolio and strengthen its nylon 6 value chain.

Domo has been continuously focusing on development of high performance plastics and improvisation in their processing properties, which would ultimately help the company popularize its product range in BOPA films market. These high-quality films can be used for various processes such as laminating and printing, which are further deployed across the industrial, food packaging, medical, and pharmaceutical sectors.

Growth drivers are

1. High demand for flexible packaging in the food & beverage industry

2. Superior barrier properties of BOPA films

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Speaking along similar lines, considering the surging demand for these films across numerous end-use sectors, a Taiwanese Lealea group, Li Ling Film, has recently announced its decision to build a new biaxially oriented polyamide plant. The plant is being constructed in different sections, and the construction of the first section, i.e., a plant of capacity 800 to 1000 tons of BOPA films per month is already scheduled to commence in Q1 2018, providing an impetus to biaxially oriented polyamide films market.

Reportedly, Yuanta Financial Holding and National Development Fund have collectively provided the capital for this project – a move that is certain to encourage investors to pour in their coffers in this business, subsequently augmenting the revenue potential of Biaxially Oriented Polyamide Films Market.

Speaking of which, some of the renowned biggies in biaxially oriented polyamide films market are Mitsubishi Chemical Corporation, AEC Group, Green Seal Holding Ltd., AdvanSix, Oben Holding Group, Triton International Enterprises, Unitika Ltd., Domo Group, Kunshan Yuncheng Plastic, Cangzhou Mingzhu Plastic, Transparent Paper Ltd., and GUNZE Limited.

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Nowadays, the flexible packaging technique has been gaining ground in the packaging industry, owing to its superior ability to prevent gas, moisture, water, and contaminants to penetrate packaged products. In addition, flexible packaging also reduces the chances of physical damage to the product. This technique is widely preferred across China, India, Europe, Africa, and North America, mainly for food packaging.

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