BOPA Film Market to Register 8.8% CAGR to 2022, States Lucintel in Its In-demand Study Published at MarketPublishers.com25 Jul 2017 • by Natalie Aster
LONDON – The BOPA film marketplace is deemed to have bright future, with a host of lucrative opportunities existing in the packaging, automobile, construction, and electrical & electronic sectors. Globally, the BOPA film market growth will gather speed in the offing, registering an 8.8% CAGR through to 2022 and is expected to amount to USD 3.4 billion by the end of the forecast period. The factors expected to fuel the market growth include, among others, soaring demand for flexible packaging owing to the growth in food and pharma marketplaces as well as outstanding mechanical strength, enhanced transparency, chemical endurance, and superior gas-barrier properties in comparison with biaxially oriented polyethylene terephthalate (BOPET) and biaxially oriented polypropylene (BOPP) films.
The BOPA film industry is also influenced directly by a number of emerging trends, comprising the increasing usage of linear simultaneous stretching line (LISIM) technology and an upsurge in the demand for balanced film with a higher level of dimensional stability and lower shrinkage percentage.
APAC, led by China and India, is projected to remain the leading market by both volume and value, and is also set to record the fastest growth in the offing due to rising demand from the food, pharma, automotive and construction industries.
Green Seal Holding, Toray, A.J. Plast, Unitika and Domo Chemicals, amid others, are the leading BOPA film suppliers.
In-demand research report “Growth Opportunities in the Global Biaxially Oriented Polyamide (BOPA) Film Market” elaborated by Lucintel is devoted to giving a comprehensive evaluation of the market on a global level.
The study offers comprehensive market size estimates, by value and volume shipment; limelights key market trends during 2011-2016 and forecasts to 2022, by segments and region. A detailed segmentation analysis is included, covering the world industry size by different applications such as function, process, and end-user with respect to value and volume shipment. The report offers a granular breakdown of the market by leading regions such as North America, Asia, and Europe, as well as RoW. Furthermore, the study identifies key growth opportunities existing in versatile applications and regions of the global market. It includes an analysis of the competitive scenario in the world BOPA film market, covering M&As, NPDs, etc. The report discusses the competitive intensity of the industry utilizing Porter's five forces model.
More in-demand studies by the publisher can be found at Lucintel page.