Home / Chemicals / BOPA Laminating Film Market by Process (Sequential, Simultaneous, Blown) by Application (Food Industry, Household Products, Pharmaceuticals Electronics Other): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

BOPA Laminating Film Market by Process (Sequential, Simultaneous, Blown) by Application (Food Industry, Household Products, Pharmaceuticals Electronics Other): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: May 2021 | Report Code: 60361-05-21

The global market is expected to cross market value of USD 7.4 billion in 2027 from USD 3.80 billion in 2020. It is expected to grow at a CAGR of over 11.8% during the forecast period.

BOPA (Biaxially Oriented Polyamide) films are a form of polyamide (nylon) film that is widely used. Because of their biaxial orientation, BOPA films have high tensile strength, mechanical strength, and excellent flexibility. Food packaging is the primary application for these films. Credence Research is offering holistic information and absolute accuracy on the report titled “Global BOPA Laminating Film Market”.

Key Market Drivers and Restraints

Factors that have high impact on the market growth of industrial electric vehicles will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the revenue generation.

COVID-19 Impact

Manufacturing activities have been disrupted as a result of strict social distancing regulations, posing a number of challenges in the supply chain for BOPA films. The BOPA films market's production and supply problems have been exacerbated by the industry's unusually high reliance on East Asia for raw materials. The economy has also suffered as a result of the lockdowns, as demand from the food and beverage industries has plummeted. Analysts predict that the growth rate of BOPA films will remain slow in Q3 and Q4 2020 as a result of these factors.

However, with new steps to limit infections, restore food service supply chains, and stabilize e-commerce operations, the BOPA films market is expected to recover by the beginning of 2021. Vendors would also have to respond to the pandemic by seeking new vendors or relying on self-reliant steps to ensure business continuity.

Asia-Pacific to Dominate the global market

On geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research is providing in-depth insight on prominent regions of global market. Asia-Pacific dominated with over 34.8% share in 2020.

Sequential Application peaked the Global Market

Sequential, Simultaneous and Blown are the three process of global market. In 2020, sequential process was at the foremost compared to other processes. However, simultaneous process is anticipated to evidence the fastest growth in the years to come owing to rising demand for high value BOPA films for better applications like retortable pouches.

Food Industry dominated the global market in terms of Application

Food Industry, Household Products, Pharmaceuticals, Electronics and Other are some applications of this market. Food Industry has dominated the market in 2020. Due to the rise in the packaged food industry, food packaging accounted for a large share of the global market. The usage of these films in pharmaceutical packaging is expected to expand rapidly, owing to developments in the pharmaceutical industry. Bi-axially focused polyamide films are expected to grow in popularity due to technological advancements.

Frequently asked questions about global industry

  • Which are the different Applicationes of BOPA Laminating Film?
    Ans: Simultaneous, Sequential and Blown are the different Application available in the market
  • Who are the key players in the global industry?
    Ans: COSMO, GBC, Transilwrap, Beijing Kangde Xin, D&K, FLEX, DEPROSA, Mondi, GMP, IPAK are the key players operating in this market
  • Which is the fastest growing Application segment for global industry?
    Ans: Food Industry Application offers tremendous opportunities to players
  • Which is the leading regional market for global industry?
    Ans: Asia-Pacific has the largest share owing to various developments happening in this space
  • What will be the CAGR (2021 - 2027) of in global industry?
    Ans: The market is anticipated to grow at a CAGR of 11.8% throughout the forecast period

    


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