Bi-axially Oriented Polyamide Films Market - Global Industry Analysis, Size, Share, Growth 2024 | Research Report

Biaxially Oriented polyamide film, also known as BOPA film, is made of polyamide resin, which can be used for a wide range of applications especially where high barrier requirements to gas, fat and transmission of aroma are necessary. High resistance to impact puncture and pin holing. Polyamide (PA) is also known as Nylon, it is a clear and printable thermoplastic that has a relatively high melting point, exceptional strength and toughness, and good oxygen barrier properties. Nylon is ideal for cheese packaging because it has excellent oxygen barrier properties but is carbon dioxide (CO2) permeable, thus if CO2 is formed during storage it will not be trapped inside the package.

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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.

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.

The global demand for bi-axially oriented polyamide films is anticipated to rise significantly in the near future, thereby offering immense growth opportunities for the market. The rapid rise in demand for this product in end-use applications, competitive manufacturing costs, and high economic growth rates are propelling the bi-axially oriented polyamide films market in Asia Pacific. These factors are attracting companies to adopt expansions and R&D strategies in the region.

Market players are focusing on Asia Pacific to gain substantial market shares. Producers of bi-axially oriented polyamide films have been compelled to adopt expansion and acquisition strategies to meet the global demand. Several producers are shifting their plants to countries such as China and India due to the high demand and low raw material and labor costs there. The developments in various end-use sectors in the region have fuelled the requirement for Bi-axially Oriented Polyamide Films during the forecast period.

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Key players operating in the global Bi-axially Oriented Polyamide Films market are Impex Global, LLC, Green Seal Holding, Unitika Ltd, Toray, Domo Chemicals, TOYOBO Co.,LTD, Honeywell, Hyosung, Kolon Industries, Inc., Biaxis, Mf-Folien, and Zidong Chemical.

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