Business Market Updates Top Stories World News

Best Market Research on Biaxially Oriented Polyamide (BOPA) Films Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025

Press Release

Trusted Business Insights presents the Updated and Latest Study on Biaxially Oriented Polyamide (BOPA) Films Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

Get Sample Copy of this Report @ WorldWide Biaxially Oriented Polyamide (BOPA) Films Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025

Abstract, Snapshot, Market Analysis & Market Definition: Biaxially Oriented Polyamide (BOPA) Films Market
Industry / Sector Trends

Global Biaxially Oriented Polyamide (BOPA) Films Market Size was estimated over USD 2 billion in 2016 and will exhibit growth by a CAGR of over 10% up to 2024.

U.S. BOPA Films Market Size, by Application, 2013 2024 (USD Million)

The global biaxially oriented polyamide (BOPA) films market will be chiefly driven by the high demand for flexible packaging materials in the food & beverage industry. The product is a polyamide film that is stretched in two perpendicular directions to improve its overall strength and barrier properties. Due to their favorable characteristics, BOPA films are extensively used for packaging various products such as food, beverage, medical supplies, household goods, electronics, etc. The product exhibits excellent mechanical strength, resistance, and gas & aroma barrier properties making it an ideal material for use in food & beverage packaging.

The food processing industry is one of the largest manufacturing sectors in the U.S. accounting for almost a tenth of the entire manufacturing activities. In recent years the U.S. food processing industry has grown at a healthy rate and the key sectors in the industry include meat & dairy, seafood, fruit & vegetable, and specialty food processing. This upward trend in the U.S. food processing industry will result in higher demand for BOPA films in coming years. The overall food & beverage industry in the country has also been experiencing high growth with a CAGR of more than 10% to cross USD 10 billion in 2016. The Canadian food & beverage industry has also been flourishing at a fast rate mostly due to rising demand for processed food products. These trends in the North American region will be important growth enablers for the BOPA films market during the forecast timeframe.

The characteristic of the product that creates a major challenge for manufacturers as well as converters is its moisture absorbing tendency. BOPA films are hygroscopic in nature and their gas barrier properties deteriorate rapidly with moisture absorption. This increases the costs associated with the products manufacturing, handling, storage and transportation. These factors may hinder the BOPA films market growth in coming years as manufacturers and converters will opt for other cost-effective packaging materials to substitute the product.

Market Segmentation, Outlook & Regional Insights: Biaxially Oriented Polyamide (BOPA) Films Market

Biaxially Oriented Polyamide (BOPA) Films Market, By Product

Based on product, the industry is segmented into plain and specialty BOPA films. Specialty product segment is further categorized into two-layered, three-layered, five-layered, seven-layered and other specialty BOPA films such as four-layered, nine-layered, etc. Plain BOPA films are not commonly used for packaging applications due to their hygroscopic characteristics. In 2016, plain BOPA films segment accounted for less than 10% of the overall industry share in terms of volume. The segments growth will be driven by its usage in packaging liquid soup, and for retort sterilized food products.

Specialty BOPA films is the major product segment which will grow with a CAGR of around 9% during the forecast timeframe. Laminating the product with other polymer materials enhances its barrier properties enabling its usage in a wide variety of packaging applications. Among the specialty product segment, two-layered and three-layered product types are the most widely used with a combined share of more than 60% of the overall specialty BOPA films industry volume in 2016.

Biaxially Oriented Polyamide (BOPA) Films Market, By Application

Based on application, the industry is segmented into food & beverage, medical & pharmaceutical, electronics and other applications such as balloons, household products, book laminations, etc. Food & beverage is the most significant application segment accounting for more than 70% of the overall market in 2016. This segment will grow by more than 11% CAGR during the forecast timeframe. High growth in the North American and Asia Pacific food & beverage packaging industry will drive this segments growth in coming years.

BOPA films are also used as a soft packaging material for packing electronic components such as lithium ion batteries, circuit boards, etc. This segment generated a revenue of around USD 240 million in 2016 and will grow with more than 10% CAGR during the forecast timeframe.

Biaxially Oriented Polyamide (BOPA) Films Market, By Region

North America is an important BOPA films market owing the flourishing U.S. food packaging industry. The regional market generated revenue exceeding USD 120 million in 2016 and will grow by a CAGR of around 10.5% during the forecast period. The North America BOPA films market share is low when compared to Europe and Asia Pacific due to the popularity of other barrier films. However, the region will experience increased product demand in coming years owing to rising domestic production capacity and increasing imports from other regions.

Europe is also a major BOPA films market accounting for more than 15% of the overall industry in 2016. The regional market will grow at a significant rate during the forecast period owing to a booming medical & pharmaceutical industry. The growing demand for high performance barrier films coupled with a large number of packaging film converters in the region will also propel the regional industry growth.

Key Players, Recent Developments & Sector Viewpoints: Biaxially Oriented Polyamide (BOPA) Films Market

Key manufacturers in the BOPA films market include AdvanSix, Unitika Ltd., Sojitz Corporation, Mitsubishi Chemical Corporation, Kunshan Yuncheng Plastic Industry Company, AMB Spa, Oben Holding Group, A.J. Plast Public Company, Cangzhou Mingzhu Plastic Company, Green Seal Holding Ltd., Triton International Enterprises, Kuraray Company, Domo Group, Impak Films U.S. LLC., NOW Plastics, GUNZE Limited, Thaipolyamide Company, AEC Group, Idemitsu Kosan Company, Transparent Paper Ltd., etc. The manufacturers are trying to enhance their competitive edge and market penetration by increasing their production capacities and setting up new manufacturing plants.

Industry Viewpoint

The product is a polyamide or nylon film that is stretched in vertical as well as horizontal direction. Sequential stretching, simultaneous stretching, and double or triple bubble technologies are used for stretching the films. Each of these stretching technologies have their own advantages and disadvantages. Due to the products hygroscopic property it is seldom used directly for packaging applications. It is instead laminated with other polymer materials to form multi-layered specialty BOPA films which are then used for packaging purposes. Since the products introduction in the late 1960s in Japan, its popularity, mostly in the Asia Pacific region, has been increasing at a fast rate

Key Insights Covered: Exhaustive Biaxially Oriented Polyamide (BOPA) Films Market
1. Market size (sales, revenue and growth rate) of Biaxially Oriented Polyamide (BOPA) Films industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Biaxially Oriented Polyamide (BOPA) Films industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Biaxially Oriented Polyamide (BOPA) Films industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Biaxially Oriented Polyamide (BOPA) Films industry.

Research Methodology: Biaxially Oriented Polyamide (BOPA) Films Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

 

Quick Read Table of Contents of this Report @ WorldWide Biaxially Oriented Polyamide (BOPA) Films Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025

Contacts

Trusted Business Insights
Shelly Arnold
Media & Marketing Executive
Email Me For Any Clarifications
US: +1 646 568 9797
UK: +44 330 808 0580

This post was originally published on Downey Magazine