The BOPA films market is projected to grow steadily at a rate of 5.3% from 2022 to 2030, reaching a market value of approximately US$1.6 billion. These films, composed of biaxially oriented polyamide, offer multiple advantages such as lightweight, environmental friendliness, and excellent product protection during transportation. They are particularly suitable for packaging perishable goods, extending their shelf life by withstanding harsh weather conditions and aiding in moisture removal.
BOPA films find diverse applications in consumer products, cosmetics, medicines, and more, as industries increasingly adopt sustainable packaging solutions. In the pharmaceutical sector, BOPA films are used in blood and parenteral feeding bags, further boosting their market usage.
With the demand for sustainable packaging alternatives and reliable product protection rising, BOPA films are poised for significant growth in the coming years. Their lightweight and eco-friendly attributes position them as a preferred choice for packaging in various industries, promising a competitive and thriving market ahead
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“Heightening demand for flexible packaging solutions is generating opportunities for manufacturers to introduce new solutions by incorporating recycled and sustainable alternatives to acquire a competitive edge,” says the FMI analyst.
Key Takeaways from FMI’s BOPA Films Market Report
- BOPA films of 11-20 microns are the most popularly used material, generating 3/5th of the revenue
- Nylon 6 derived BOPA films will account for a substantial portion of the revenue
- Food industry will accelerate the market by nearly twofold during the forecast period
- BOPA films market shall be valued at US$ 1.58 Bn by 2030-end
- Europe and East Asia shall capture over half of the global BOPA films market
BOPA Films Market- Key Trends
- Growing preference for online food purchases is bolstering adoption of BOPA films on the packaging front
- Providing orientation to convert resins into packaging films has heightened BOPA usage in industrial packaging
- Recycling challenges associated with multilayered packaging will restrain growth prospects in the long-run
- Re-usability of BOPA films will sustain its demand in the long-run
Competitive Landscape
In the consolidated BOPA films market, manufacturers are continuously focusing on enhancing product features to increase consumers’ convenience and stay one step ahead of their competitors. Also, they are widening their product portfolio to cater to a wider array of applications. In addition, R&D and capacity expansion in the BOPA films market is expected to grow significantly over the forecast period. BOPA films market players are strongly focusing on expansion and product developments.
- In 2019, Japan-based manufacturer Unitika Ltd. had announced its plan to expand its production capacity from 16,500 tons/year to 26,500 tons/year for its Indonesia-based manufacturing plant by the end of 2020.
- In 2019, Domo Chemicals launched “Nyleen” BOPA and CPA films for lower environmental impact with LCA declaration.
- In 2019, Oben Holding Group S.A.C. opened its second BOPA (Nylon) line with a production capacity of 13,000 MT/year installed in Peru. This new addition increased the company’s BOPA total capacity to 20,000 MT/year.
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Key Players:
- Unitika Ltd.
- Mitsubishi Chemical Corporation
- Toray Advanced Film Co., Ltd.
- Winpak Ltd.
- Kolon Industries Inc.
- Hyosung Corporation
- Domo Chemicals
- Oben Holding Group S.A.C.
Region-wise Insights on BOPA Films Market:
Asia Pacific: Strong competition among top players; dominates global market due to rapid expansion of food and pharmaceutical industries.
North America and Europe: Medium to high barriers to entry for new entrants; matured markets with significant market share.
Middle East and Africa: Low market share but expected to attract manufacturers due to presence of chemical and petrochemical industries.
Latin America: Remunerative growth opportunities; holds 6.5% market share.
South Asia: High growth rate with lucrative opportunities; moderate presence of local players and large number of MNCs.
East Asia: Largest market with over 33% market share; availability of raw materials and growing production.
Oceania: Limited presence of manufacturers; low market share of 2.6%.
Middle East and Africa: Low market share but expected to grow due to food & beverage and chemical industries.
Key Insights of the Report:
- Key Trends in the BOPA Films Market: The report highlights the key trends observed in the BOPA (Biaxially Oriented Polyamide) films market. These trends could include shifts in consumer preferences, changes in industry regulations, emerging applications, or evolving market dynamics. Understanding these trends is crucial for market participants to stay competitive and adapt their strategies accordingly.
- New Advancements in Production Technologies: The report provides insights into the latest advancements in production technologies related to BOPA films. This could include innovations in film extrusion, coating techniques, barrier properties enhancement, or other manufacturing processes. Keeping up with technological advancements is essential for companies to enhance their production capabilities and offer improved products to meet customer demands.
- New Product Launches: The report highlights recent new product launches in the BOPA films market. This could include the introduction of novel film formulations, modified properties, or specialized applications. These launches signify market players’ efforts to meet evolving customer needs and gain a competitive edge through innovation.
- Expansions in the BOPA Films Market: The report provides information on expansions in the BOPA films market. This could include expansions in production capacities, setting up new manufacturing facilities, or entering new geographical markets. Such expansions reflect market players’ strategies to cater to growing demand, penetrate new markets, or optimize their supply chain
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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)
BOPA Films Market by Region:
- North America BOPA Films Market
- Latin America BOPA Films Market
- Europe BOPA Films Market
- East Asia BOPA Films Market
- South Asia BOPA Films Market
- Oceania BOPA Films Market
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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