Biaxially Oriented Polyamide Films Market Size
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.
The growing demand for flexible packaging materials in the food and beverage industry will be the main thing that drives the worldwide biaxially oriented polyamide (BOPA) films market. The product is a polyamide film that has been stretched in two directions that are at right angles to one other. This makes it stronger and better at keeping things out. BOPA films are great for packaging a wide range of things, including food, drinks, medical supplies, household goods, electronics, and more. The product has great mechanical strength, resistance, and gas and fragrance barrier capabilities, which makes it perfect for packaging food and drinks.
Hi! You know the meal you eat every day? It makes a lot of money in the U.S.! The food processing business is very big; it makes up around 10% of everything made in the country. It's been increasing like crazy, especially in sectors like fish, meat and dairy, and tasty fruits and vegetables. And here's the thingthe food processing business is going to grow even more in the future. That means there will be a lot of need for specific packaging, like BOPA films. But here's the actual dealit's not simply food. The whole food and drink business in the U.S. has been doing well, expanding by more than 10% each year and exceeding $10 billion in 2016. People in Canada are also buying more processed goods, which is good for the food and drink business there. Because of all these changes, the BOPA films market is expected to be quite busy in the future.
| Report Attribute | Details |
|---|---|
| Base Year | 2016 |
| Biaxially Oriented Polyamide Films Market Size in 2016 | 2 Billion (USD) |
| Forecast Period | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR | 10% |
| 2024 Value Projection | 6 Billion (USD) |
| Historical Data for | 2013 to 2016 |
| No. of Pages | 130 |
| Tables, Charts & Figures | 163 |
| Segments covered | Product and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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One thing that makes the product hard for both producers and converters to work with is that it tends to absorb moisture. BOPA films are hygroscopic, which means they absorb moisture and lose their ability to block gas quickly. This raises the costs of making, handling, storing, and shipping the products. These things could slow the growth of the BOPA films market in the next few years since manufacturers and converters would use other cheaper packaging materials instead of the product.
Biaxially Oriented Polyamide Films Market Analysis
The industry is divided into regular and specialty BOPA films based on the type of product. There are two-layered, three-layered, five-layered, seven-layered, and other specialist BOPA films in the specialty product market. These include four-layered, nine-layered, and more. Because they can absorb moisture, plain BOPA sheets are not often used for packing. In 2016, the basic BOPA films category made up less than 10% of the total volume of the industry. The segment's expansion will be fueled by its use in packing liquid soup and food that has been sterilized in a retort.
The main product group that will increase is specialty BOPA films, which will grow at a rate of about 9% per year over the forecast period. When you laminate the product with other polymers, it becomes more of a barrier, which means you can use it in a lot of other types of packaging. Two-layered and three-layered products are the most popular in the specialized product class. Together, they made up more than 60% of the total volume of specialty BOPA films in 2016.
The industry is divided into food and drink, medical and pharmaceutical, electronics, and other uses, such as balloons, home items, book laminations, and more. Food and drink is the biggest application area, making up more than 70% of the total market in 2016. During the projection period, this segment will increase at a rate of more than 11% each year. This segment will grow in the next several years since the food and beverage packaging industry in North America and Asia Pacific is growing quickly.
BOPA films are also used to make soft packaging for electrical parts like lithium ion batteries, circuit boards, and more. This part made about $240 million in 2016 and is expected to expand at a pace of more than 10% per year during the projected period.
North America is a big market for BOPA films since the U.S. food packaging business is doing so well. The regional market made more than USD 120 million in sales in 2016, and it is expected to increase at a rate of about 10.5% per year over the next five years. Compared to Europe and Asia Pacific, the North America BOPA films market share is less since other barrier films are more popular. But in the next several years, the region will see more demand for products since it will be able to make more of them at home and import more from other places.
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.
Biaxially Oriented Polyamide Films Market Share
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.
The manufacturers are trying to enhance their competitive edge and market penetration by increasing their production capacities and setting up new manufacturing plants.
Industry Background
This amazing packaging film is made from a stretchy material called polyamide or nylon. It's like a piece of fabric that can be stretched in both directions. To make it even more stretchy, special techniques are used, like stretching it one way at a time, stretching it all at once, or even using a double or triple bubble method. Each of these ways has its own benefits and drawbacks. Now, here's the catchthis film loves to soak up moisture like a sponge. So, instead of using it directly for packaging, it's often paired up with other plastic materials to form special films called BOPA. These "multi-layered" films are great for keeping air and moisture out, making them perfect for packaging all sorts of things. Since it first came on the scene in Japan in the late 1960s, this stretchy film has become a real hit, especially in the Asia Pacific region. People just can't get enough of it!
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