2017Trends, opportunities and forecast in this market to 2022 by process (sequential, simultaneous, blown), function type (barrier, safety, microporous, and others), end use industry (food packaging, pharmaceutical packaging, other packaging, balloon, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the BOPA film market looks attractive with opportunities in the packaging, automotive, construction, and electrical & electronic industries. The global BOPA film market is expected to reach an estimated $3.4 billion by 2022 and is forecast to grow at a CAGR of 8.8% from 2017 to 2022.
The major growth drivers for this market are increasing demand for flexible packaging due to the growth in food & pharmaceutical market and superior mechanical strength, higher transparency, chemical resistance, and excellent gas barrier properties as compared to biaxially oriented polypropylene (BOPP) and biaxially oriented polyethylene terephthalate (BOPET) film.
This report has 128 figures/charts and 122 tables spread through 194 pages.
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In this market, sequential, simultaneous, and blown process are used to produce BOPA films. Lucintel forecasts that the sequential process is expected to remain the largest segment due to low-cost, flexibility in the process while stretching, and high production rate.
Simultaneous process is expected to witness the highest growth in the forecast period supported by the increasing demand for high value BOPA films for advanced applications, such as retortable pouches.
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Within the BOPA film market, food packaging is expected to remain the largest end use industry; it is also expected to witness the highest growth during the forecast period, supported by the growth in demand for processed meat, red meat, and cheese packaging. Lucintel predicts that the demand for BOPA films in barrier functions is expected to remain the largest segment; it is also expected to witness the highest growth during the forecast period supported by superior protection properties, such as loss from aroma, permeation of water, increases shelf-life, maintain taste.
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Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period because of growth in the demand for food and pharmaceutical packaging, automobile, and construction sectors due to economic expansions in India and China.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing use of linear simultaneous stretching line (LISIM) technique and growing demand for balanced film with better dimensional stability and less shrinkage. Unitika Ltd., Green Seal Holding, Domo Chemicals, Toray, and A.J.
Plast are among the major suppliers of BOPA film.
The study includes a forecast for the global BOPA film market by process, function, end use industry, and region as follows:
By Process [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
By function [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- Food Packaging
- Processed Meat
- Red Meat
- Dry Food
- Pharmaceutical Packaging
- Other Packaging
By Region [Volume (Kilotons) and $M shipment analysis for 2011 – 2022]:
- North America
- Asia Pacific
- South Korea
- Rest of the World
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This 194-page research report will enable you to make confident business decisions in this globally competitive marketplace.
Category: Market Research Publishers and RetailersCompany about: Lucintel, the premier global market research and management consulting firm creates your equation for growth - whether you need to understand market dynamics, identify new opportunities or increase your profitability. Lucintel team of trusted industry experts for materials and manufacturing industries have executed over hundreds of consulting projects for clients, ranging from small, emerging organizations up to multinational companies such as 3M, Audi, BASF, Cytec, DSM, Eastman, GE, H ...