The global biaxially oriented polyamide (BOPA) film market is projected to reach $5 billion by 2028, at a CAGR of 5.9% during 2023-2028. The growth of biaxially oriented polyamide (BOPA) film market is driven by increasing demand for flexible packaging due to the growth in food & pharmaceutical market and increasing penetration of BOPA film due to its 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.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the biaxially oriented polyamide
(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 What are the
business risks and threats to the biaxially oriented polyamide (BOPA) film
market?
Q.4 What are some
changing demands of customers in the biaxially oriented polyamide (BOPA) film
market?
Q.5 What are the new
developments in the biaxially oriented polyamide (BOPA) film market? Which
companies are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this biaxially oriented polyamide (BOPA)
film area and how big of a threat do they pose for loss of market share via
product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this biaxially oriented polyamide
(BOPA) film market?
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.
Market Segmentation:
Based on function, the
biaxially oriented polyamide (BOPA) film market is segmented into barrier,
safety, microporous, and others. The barrier segment is accounted for the
largest share of the market in 2022 and is expected to register the highest
CAGR 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 be the largest region 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.
Key Players in the
biaxially oriented polyamide (BOPA) film market are Unitika Ltd., Green Seal
Holding, Domo Chemicals, Toray, and A.J. Plast.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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