Burgeoning demand from the packaging industry to fuel biaxially oriented polyamide (BOPA) films market through 2024

Growing prominence of BOPA films across the packaging industry is projected to augment the biaxially oriented polyamide (BOPA) films market expansion through the forecast timespan. BOPA films are gaining traction across industries such as food and beverage, electronics and household products, medical and pharmaceutical as a strong and flexible packaging solution.

BOPA films are produced from polyamide films wherein the latter is stretched in machine as well as transverse direction. The film’s biaxial orientation provides unique characteristics like dimensional stability, better mechanical strength, higher resistance against impact, burst, gas, and aroma.

In addition, the product gives also an aesthetic look to packaged products since it provides a transparent and glossy surface. Based on these extensive abilities and applications, Global Market Insights Inc., estimates the global biaxially oriented polyamide (BOPA) films market would exceed $6 billion through 2024.

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Speaking on the lines of application, the medical and pharmaceutical industry are pegged to majorly impel the biaxially oriented polyamide (BOPA) films market trends in the near future. These films are extensively used for the packaging of various daily-use medical equipment like surgical instruments, syringes and bandages, and medicinal pills as well.

BOPA films boast of a very low oxygen transmission rate, while also offering heavy resistance to chemicals, organic solvents, as well as gases. These characteristics make the product the best-suited material for the packaging for the pharmaceutical and medical industry.
Apart from the medical and pharmaceutical sector, the inimitable properties of BOPA films are deepening their penetration across the food and beverages sector. The fast pace with which the urbanization trend is gripping the global population is also a major factor that is driving food and beverage sector growth.

The BOPA films market witnessed the highest growth from the food and beverage applications in 2016 with a CAGR of more than 9% and revenue of approximately $1.5 billion. The material plays a pivotal role in packaging food products such as seafood, dairy, as well as processed food.

Furthermore, the segment is likely to witness the highest lucrative growth from APAC owing to rapid urbanization and longer working hours of the population. These factors are boosting the consumption of processed as well as ready-to-eat foods in the region, which would further complement the demand for flexible packaging material. In addition to this growth factor, several regulatory norms pertaining to packaged food quality is anticipated to further augment the market share in APAC.

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Along with the growing food and beverage sector, the burgeoning need for BOPA films across various other industries in emerging economies is increasingly impelling the overall market size in APAC. On the basis of all these growth factors, studies suggest that APAC biaxially oriented polyamide (BOPA) films market would dominate the industry and hold a share of over 75% through the coming years.

Mitsubishi, AEC Group, Impak Films, GUNZE, Thaipolyamide, Kunshan Yuncheng Plastic Industry, Idemitsu, NOW Plastics, Domo, Sojitz, Kuraray, Green Seal Holding, Advansix, A.J. Plast Public Company, AMB Spa, Unitika, are some of the major players active throughout the global biaxially oriented polyamide (BOPA) films market.

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