According to
a new market report published by Lucintel, the future of the BOPA film market
looks attractive with opportunities in the packaging, automotive, construction,
and electrical & electronic industries. The global BOPA film market is expected
to reach an estimated $3.4 billion by 2022 and is forecast to grow at a CAGR of
8.8% from 2017 to 2022. The major growth drivers for this market are increasing
demand for flexible packaging due to the growth in food & pharmaceutical market
and superior mechanical strength, higher transparency, chemical resistance, and
excellent gas barrier properties as compared to biaxially oriented
polypropylene (BOPP) and biaxially oriented polyethylene terephthalate (BOPET)
film.
In this
market, sequential, simultaneous, and blown process are used to produce BOPA
films. Lucintel forecasts that the sequential process is expected to remain the
largest segment due to low-cost, flexibility in the process while stretching,
and high production rate. Simultaneous process is expected to witness the
highest growth in the forecast period supported by the increasing demand for
high value BOPA films for advanced applications, such as retortable pouches.
Within the BOPA
film market, food packaging is expected to remain the largest end use industry;
it is also expected to witness the highest growth during the forecast period,
supported by the growth in demand for processed meat, red meat, and cheese
packaging. Lucintel predicts that the demand for BOPA films in barrier
functions is expected to remain the largest segment; it is also expected to
witness the highest growth during the forecast period supported by superior
protection properties, such as loss from aroma, permeation of water, increases
shelf-life, maintain taste.
Asia Pacific
is expected to remain the largest market by value and volume and is also
expected to witness the highest growth over the forecast period because of
growth in the demand for food and pharmaceutical packaging, automobile, and
construction sectors due to economic expansions in India and China.
Emerging trends, which have a direct impact
on the dynamics of the industry, include growing use of linear simultaneous
stretching line (LISIM) technique and growing demand for balanced film with
better dimensional stability and less shrinkage. Unitika Ltd., Green Seal
Holding, Domo Chemicals, Toray, and A.J. Plast are among the major suppliers of
BOPA film.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global BOPA film market by process, function, end use industry, and region.
Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the Global BOPA Film Market 2017-2022: Trends, Forecast, and
Opportunity Analysis.” The Lucintel report serves as a catalyst
for growth strategy as it provides a comprehensive data and analysis on trends,
key drivers, and directions. The study includes a forecast for the global BOPA
film market by process, function, end use industry, and region as follows:
By Process [Volume (Kilotons) and $M shipment
analysis for 2011 – 2022]:
- Sequential
- Simultaneous
- Blown
By function [Volume (Kilotons) and $M shipment
analysis for 2011 – 2022]:
- Barrier
- Safety
- Microporous
- Others
By End Use Industry
[Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- Food Packaging
−
Processed Meat
−
Red Meat
−
Cheese
−
Dry Food
- Pharmaceutical Packaging
- Other Packaging
- Balloon
- Others
By Region [Volume (Kilotons) and $M shipment
analysis for 2011 – 2022]:
- North America
−
US
−
Canada
−
Mexico
- Europe
−
Germany
−
Italy
−
France
- Asia Pacific
−
China
−
Japan
−
South Korea
−
Indonesia
−
Thailand
- Rest of the World
This
194-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include chemical
market research reports, chemical
industry analysis report, strategic
growth consulting, business
strategy consulting and commercial due diligence
report.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global BOPA film market by process
(sequential, simultaneous, blown), function type (barrier, safety, microporous,
and others), end use industry (food packaging, pharmaceutical packaging, other
packaging, balloon, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
