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.
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The global biaxially oriented polyamide (BOPA) films market will be chiefly driven by the high demand for flexible packaging materials in the food & beverage industry. The product is a polyamide film that is stretched in two perpendicular directions to improve its overall strength and barrier properties. Due to their favorable characteristics, BOPA films are extensively used for packaging various products such as food, beverage, medical supplies, household goods, electronics, etc. The product exhibits excellent mechanical strength, resistance, and gas & aroma barrier properties making it an ideal material for use in food & beverage packaging.
Hey there! You know that food you eat every day? It's a big business in the U.S.! The food processing industry is huge, making up about 10% of all the stuff manufactured in the country. It's been growing like crazy, especially in areas like meat and dairy, seafood, and yummy fruits and veggies. And get thisthe food processing business is only going to get bigger in the future. That means there's going to be a lot of demand for special packaging, like BOPA films. But here's the real scoopit's not just food. The entire food and drink industry in the U.S. has been on a roll, growing by over 10% every year, reaching a whopping $10 billion in 2016. And in Canada, the food and drink industry is also on fire, thanks to people wanting more processed foods. All these trends mean that the BOPA films market is going to be booming in the years to come.
Biaxially Oriented Polyamide Films Market Report Attributes
| 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 |
- High demand for flexible packaging in the food & beverage industry
- Superior barrier properties of BOPA films
|
| Pitfalls & Challenges |
- High price and limited technological availability
|
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The characteristic of the product that creates a major challenge for manufacturers as well as converters is its moisture absorbing tendency. BOPA films are hygroscopic in nature and their gas barrier properties deteriorate rapidly with moisture absorption. This increases the costs associated with the products manufacturing, handling, storage and transportation. These factors may hinder the BOPA films market growth in coming years as manufacturers and converters will opt for other cost-effective packaging materials to substitute the product.
Biaxially Oriented Polyamide Films Market Analysis
Based on product, the industry is segmented into plain and specialty BOPA films. Specialty product segment is further categorized into two-layered, three-layered, five-layered, seven-layered and other specialty BOPA films such as four-layered, nine-layered, etc. Plain BOPA films are not commonly used for packaging applications due to their hygroscopic characteristics. In 2016, plain BOPA films segment accounted for less than 10% of the overall industry share in terms of volume. The segment’s growth will be driven by its usage in packaging liquid soup, and for retort sterilized food products.
Specialty BOPA films is the major product segment which will grow with a CAGR of around 9% during the forecast timeframe. Laminating the product with other polymer materials enhances its barrier properties enabling its usage in a wide variety of packaging applications. Among the specialty product segment, two-layered and three-layered product types are the most widely used with a combined share of more than 60% of the overall specialty BOPA films industry volume in 2016.
Based on application, the industry is segmented into food & beverage, medical & pharmaceutical, electronics and other applications such as balloons, household products, book laminations, etc. Food & beverage is the most significant application segment accounting for more than 70% of the overall market in 2016. This segment will grow by more than 11% CAGR during the forecast timeframe. High growth in the North American and Asia Pacific food & beverage packaging industry will drive this segments growth in coming years.
BOPA films are also used as a soft packaging material for packing electronic components such as lithium ion batteries, circuit boards, etc. This segment generated a revenue of around USD 240 million in 2016 and will grow with more than 10% CAGR during the forecast timeframe.
North America is an important BOPA films market owing the flourishing U.S. food packaging industry. The regional market generated revenue exceeding USD 120 million in 2016 and will grow by a CAGR of around 10.5% during the forecast period. The North America BOPA films market share is low when compared to Europe and Asia Pacific due to the popularity of other barrier films. However, the region will experience increased product demand in coming years owing to rising domestic production capacity and increasing imports from other regions.
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!
