The Global Biaxially Oriented Polyamide (BOPA) Film Market Is Estimated To Grow At A CAGR Of Around 6% Over The Forecast Period, 2022 To 2030.

Biaxially Oriented Polyamide (BOPA) Films Market Overview:

Biaxially oriented polyamide (BOPA) film is a popular biaxially oriented nylon film used in specialty packaging applications. Excellent puncture resistance and mechanical strength, high abrasion resistance and flex crack resistance are some of the typical properties of BOPA films. Advances in layer coextrusion processes are key to the growth prospects of the BOPA film market. Tentered and blown BOPA films are attracting the attention of the food industry as some of the promising product categories. The growing demand for processed foods has also had a positive impact on packaging. Shipments and sales of frozen foods are expected to gain traction, especially in recent years.

A significant portion of consumption was seafood. As a result, these trends have fueled the demand for technologically advanced packaging films that can help preserve aroma and flavor loss. BOPA film has shown great promise to packaging companies in preserving it and extending its shelf life. This has significantly expanded the packaging company's canvas in the BOPA film market. The growing demand for sanitary packaging for a variety of other industries has also flourished for decades. BOPA films have witnessed significant adoption by pharmaceutical and personal care product companies. An expanding array of applications is expected to propel the revenue prospects of the BOPA film market.

Biaxially oriented polyamide (BOPA) film is a very common type of polyamide (nylon) film. BOPA films have properties such as high tensile strength, high mechanical strength and good flexibility due to biaxial stretching. This film is mainly used for food packaging.

Biaxially Oriented Polyamide (BOPA) Films market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Biaxially Oriented Polyamide (BOPA) Films market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• Mondi plc has launched a single material solution, the Retort Pouch Recyclable. With this innovative high barrier film, aluminum is replaced in a fully recyclable retort pouch solution.
• Mitsubishi Chemical Corporation acquired Gelest, Inc. from New Mountain Capital, LLC. Gelest is now a wholly owned subsidiary of Mitsubishi Chemical America.

Major Segments Covered in the Global Biaxially Oriented Polyamide (BOPA) Films Market:

Market Key Players:
Green Seal Holding, Unitike, Cangzhou Mingzhu, Kolon, DOMO Chemicals, Tianjin Yuncheng Plastic Industry, Biaxis, AdvanSix, A.J. Plast, Toyobo, Hyosung, Mf-Folien, FSPG Hi-Tech, JK Materials, Thaipolyamide, Zidong Chemical, And Others.

Biaxially Oriented Polyamide (BOPA) Films Market by Types:

• Sequential Stretching Type
• Mechanical Simultaneous Stretching Type
• LISIM Simultaneous Stretching Type
• Other

Biaxially Oriented Polyamide (BOPA) Films Market by Applications:

• Food Industry
• Household Products
• Pharmaceuticals
• Electronics
• Other

By Grade:

• Liner
• Fluting Medium
• Other

By Product:

• Slotted Box
• Folder Box
• Telescope Box
• Die-Cut Box
• Other

Biaxially Oriented Polyamide (BOPA) Films Market by Regions:

North America is an important market for BOPA films owing to the booming food packaging industry in the United States. The regional market revenue exceeded USD 120 million in 2016 and is expected to grow at a CAGR of around 10.5% during the forecast period. Due to the popularity of other barrier films, North America has a lower market share of BOPA films compared to Europe and Asia Pacific. However, demand for the product in the region will increase in the coming years due to rising domestic production capacity and rising imports from other regions.

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

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Drivers:

Surging Consumption of Packaged Foods – Packaged foods such as ready-to-eat meals, processed meats, and baked goods are in considerable demand due to their ease of storage and cooking. Such foods require a specific type of packaging so that they remain fresh without any type of contamination. Hence, the surge in consumption of packaged food is driving the market growth of BOPA films. For example, global consumption of ultra-processed foods has skyrocketed. In some parts of the world, these foods now meet 26-62% of a person's daily energy needs.

Increase your seafood intake – seafood includes all bony fish as well as shrimp, tuna, clams and oysters. Rising intake of these seafood products has increased the demand for their export, which has also resulted in their proper packaging. For example, global fish consumption is projected to increase from 20.4 kg in 2018 to 21.6 kg per capita by 2030.

Upgrading of the pharmaceutical industry – The growing pharmaceutical industry is expected to drive the demand for biaxially oriented polyamide (BOPA) films as a durable packaging material for packaging various pharmaceuticals. The pharmaceutical industry is expected to be worth about $2 trillion by the end of 2030.

Increased R&D spending – Total global R&D spending as a share of GDP soared from 2.2% in 2018 to 2.63% in 2020, according to the World Bank.

Significant progress in the chemical industry - In 2021, total global chemical industry revenues will reach their highest level in nearly 15 years, totaling approximately $4 trillion.

Challenges:

High concentration of active chemicals in BOPA film

Stringent Government Standards

Availability of its alternatives

The global biaxially oriented polyamide (BOPA) film market is segmented and analyzed with demand and supply by applications such as food packaging, packaging, pharmaceutical packaging, electronics, household, chemical and industrial, of which the packaging segment is expected to be driven by increasing urbanization, and The rise of various home delivery e-commerce portals is growing at a significant rate during the forecast period. For example, the global packaging industry has grown to an estimated $769 billion by 2020.

Report Scope of Global Biaxially Oriented Polyamide (BOPA) Films Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of Biaxially Oriented Polyamide (BOPA) Films market?

The Biaxially Oriented Polyamide (BOPA) Films Market is growing at a CAGR of 6% During Forecast Period.

 What are the key types and applications of Biaxially Oriented Polyamide (BOPA) Films market?

Types- Sequential Stretching Type, Mechanical Simultaneous Stretching Type, LISIM Simultaneous Stretching Type

Applications- Food Industry, Household Products, Pharmaceuticals, Electronics, Other

Who are the key players in Biaxially Oriented Polyamide (BOPA) Films market?

Green Seal Holding, Unitike, Cangzhou Mingzhu, Kolon, DOMO Chemicals, Tianjin Yuncheng Plastic Industry, Biaxis, AdvanSix, A.J. Plast, Toyobo, Hyosung, Mf-Folien, FSPG Hi-Tech, JK Materials, Thaipolyamide, Zidong Chemical, And others.

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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.