Global BOPA films market will witness remarkable opportunities during the coming decade as flexible packaging becomes more popular among the consumers. Over the last few years, consumers have rapidly inclined towards flexible packaging owing to its portability and convenience factors such as resealability, microwaveable packaging, easy-open packs, carry-away packs, and longer shelf lives.
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Unitika Ltd., Mitsubishi Chemical Corporation, Toray Advanced Film Co., Ltd., and Winpak Ltd. are the top players operating in the BOPA films market. Besides, Kolon Industries Inc., Hyosung Corporation, TOYOBO Co., Ltd., A.J. Plast Public Company Limited, Sojitz Plastics America Inc., and Domo Chemicals are some other prominent players in the BOPA films market.
BOPA films are suitable for packaging of food products like frozen and cooked food, liquid and viscous food, liquid bag-in-box, fruits & vegetables, which has won them a special place in food packaging amongst most vendors.
“The demand for BOPA films in packaging is expected to increase in the years to come as the companies opt for flexible for functional solutions at affordable pricing. Increasing beauty and cosmetic industry and rising demand for improved packaging in the pharmaceutical industry are also projected to give the BOPA market a shot in the arm,” says an FMI analyst.
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Technological advancements in pharmaceutical packaging such as next-generation blister packaging and serializable blood & parenteral nutrition bags made from BOPA films are expected to play a crucial role in demand growth of the market.
Processed food products are susceptible to damage if they are exposed to biological or atmospheric impurities. Thus, producers are constantly striving for ways to maintain the quality while prolonging the shelf life.
The excellent protection offered by BOPA films against moisture and gas are expected to make them a preferred packaging solution amongst end users.
Demand for Transparent Packaging Solutions for Easy Recognition to Up BOPA Consumption
Transparency of a package is often a preferred form of packaging by most end users. If consumers aren’t able to see what’s inside the package, they are less likely to purchase it. As the demand for see-through packaging is on the rise, particularly in the packaging of food products, it is expected to boost the uptake of BOPA films.
Clearer packaging gives a visually pleasing look and therefore enhances the product’s shelf visibility. Thus, transparent packaging serves as a value addition to the consumer goods market, where product separation and quick identification is the focal point.
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Impact of COVID-19 on BOPA Films Market
Significant amount of BOPA films demand is reliant on food packaging industry. The BOPA films are used in the packing of meat & poultry, cheese, frozen food, ready-to-eat foods, fresh fruits and vegetables. Due to COVID–19 outbreak, people are also opting for packaged food items, which has had a short-term positive impact on the market.
Consumers are expected to prefer packaged food due to its limited handling. Furthermore, as the packs can be disinfected and stored, consumer are likely to spend more on this segment.
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