The global BOPA films market is slated to follow the go-getter approach. It is expected to reach US$ 1.6 Bn by the year 2030 at a CAGR of 5.3% between 2022 and 2030.
BOPA films are speciality films used in a range of settings, including industrial settings, pharmaceutical packaging, and food packaging. BOPA films are renowned for their superior mechanical, barrier, and heat resistant qualities. They are suited for a wide range of applications in numerous industries because to these qualities.
Throughout the projected period of 2022–2030, the worldwide BOPA films market is anticipated to expand at a CAGR of roughly 5.3%. The market’s expansion is primarily fueled by the rising demand for food and pharmaceutical packaging as well as the move towards environmentally friendly and sustainable packaging options.
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The market is segmented by type, application, and region. By type, the market is divided into plain and coated BOPA films. The coated BOPA films segment is expected to hold the largest market share due to their excellent barrier properties and printability. By application, the market is classified into food packaging, pharmaceutical packaging, and industrial applications. The food packaging segment is expected to hold the largest market share due to the increasing demand for packaged food products and the growing trend towards convenient and sustainable packaging solutions.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific is expected to dominate the market due to the presence of major food and pharmaceutical manufacturers, the increasing demand for packaged food products, and the growing trend towards sustainable and eco-friendly packaging solutions in the region.
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In recent years, there has been a growing trend towards sustainable and eco-friendly packaging solutions. This trend is expected to drive the growth of the BOPA films market during the forecast period. BOPA films are recyclable and can be reused, which makes them a sustainable and eco-friendly packaging solution
Some of the leading companies operating in the market are:
- Unitika Ltd.
- Mitsubishi Chemical Corporation
- Toray Advanced Film Co., Ltd.
- Winpak Ltd.
- Kolon Industries Inc.
- Hyosung Corporation
Key Segments Covered In BOPA Films Industry Research
BOPA Films Market by Grade:
- Nylon 6
- Nylon 66
BOPA Films Market by Thickness:
- Up to 10 Micron
- 11 to 20 Micron
- 21 to 30 Micron
- Above 30 Micron
BOPA Films Market by End-use:
- Food
- Pharmaceuticals and Healthcare
- Electrical and Electronics
- Chemicals
- Others (Industrial Packaging)
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