Biaxially Oriented Polyamide (BOPA) Films Market to Record an Exponential CAGR by 2025
Biaxially
oriented polyamide (BOPA) films are a highly common type of polyamide
(nylon) films. BOPA films possess properties such as high tensile
strength, high mechanical strength, and excellent flexibility owing
to biaxial orientation. These films are primarily employed in food
packaging.
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The
Biaxially oriented polyamide (BOPA) films market can be segmented
based on technology, end-use industry, and region. In terms of
technology, the BOPA films market can be divided into sequential,
simultaneous, and blown. Based on end-use industry, the market can be
classified into food & beverage packaging, pharmaceutical,
electronics, and others. The food & beverage packaging segment
can be further sub-segmented into processed meat, fruits &
vegetables, cheese, dry food, and others. The electronics segment can
be further split into batteries and circuit boards. The others
segment can be sub-segmented into household products, balloons, book
laminations, and others. Based on region, the BOPA films market can
be segregated into Asia Pacific, Europe, Middle East & Africa,
North America, and Latin America.
The
films are manufactured in monolayer, bilayer, triple layer, and in
multilayers. Monolayer BOPA films are usually utilized in liquid soap
packaging, and some sterilized food products. Multilayered films have
wide applications in different industries such as household products,
and electronics. High aroma, flavor, gas barrier, and chemical
resistance are major factors driving the food and pharmaceutical
packaging segments of the global market for BOPA films. Demand for
BOPA films is anticipated to rise at a rapid pace during the forecast
period owing to their transparent & glossy appearance. However,
the production, storage, and transportation cost of BOPA films
increases due to the hygroscopic nature of these films. This, in
turn, is projected to restrain the BOPA films market in the near
future.
The
sequential segment is anticipated to account for a higher share of
the BOPA market during the forecast period. The simultaneous segment
is expected to expand at a higher CAGR in the near future. The food &
beverage packaging segment is anticipated to dominate the BOPA films
market in the next few years owing to their oxygen and water barrier
properties. The oxidation of perishable food products such as fruits
& vegetables and processed meats gets delayed due to oxygen
barrier property of these films. Thus, the food & beverage
packaging segment is estimated to expand at a significant CAGR during
the forecast period. The pharmaceutical segment is anticipated to
witness an increase in demand for BOPA films owing to the chemical
resistance and flexibility of these films. The others segment is
estimated to hold a major share of the BOPA films market in the next
few years.
Asia
Pacific is anticipated to dominate the biaxially oriented polyamide
(BOPA) films market in terms of both volume and revenue in the next
few years. End-use industries such as food & beverage packaging,
pharmaceutical, and electronics are anticipated to witness a rise
demand for BOPA films in Asia Pacific during the forecast period.
Europe is estimated to hold prominent share of the market in the near
future. North America is projected to offer lucrative opportunities
to the BOPA films market in the near future. Latin America is
witnessing a rise in demand for BOPA films due to the expansion of
the food & beverage industry in the region. The BOPA films market
Middle East & Africa is estimated to expand at a moderate pace in
the near future.
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Major
players operating in the global biaxially oriented polyamide (BOPA)
films market include Tianjin Yuncheng Plastic Industry, AEC Group,
Honeywell, Toyobo, and DOMO Chemicals.
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