BOPA Films Market exceeding 10% growth to cross $6bn by 2024

Numerous R&D activities are being undertaken to explore innovative ways for developing functionally polymeric films, which would generate lucrative opportunities for BOPA Films Market players. As technological advancements have been paving their way through the automotive and portable consumer devices sectors, the research community is looking forward to innovating light-weight, water-resistant, and flexible materials.

The renowned behemoths in biaxially oriented polyamides films market have also been investing heavily in research and development activities in order to reduce the initial cost of BOPA. Taking into account the considerable requirement of BOPA films, BOPA films market players have also been developing new production plants across numerous geographies. Aided by the appreciable efforts of industry giants, BOPA films market is likely to gain massive traction in the years ahead.

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The substantially growing adoption of flexible packaging has had a marked impact on biaxially oriented polyamide films market. Considering the benefits of this type of packaging, most of the plastic producing companies have been making heavy investments in this sector. For instance, a subsidiary of Indevco Group of Ajaltoun, Indevco Plastics Inc. has recently partnered with ePac Holdings LLC to establish a network of flexible packaging facilities, that would impel BOPA films market share.

BOPA films are extensively used in food packaging, textile products, and general packaging, pertaining to their high gas barrier characteristics. In fact, they are particularly used in food packaging that demands the characteristics of high melting point, high mechanical strength, better oxygen barrier, and transparency. The surging use of these films for the packaging of cheese, processed meat, semi-finished microwavable food, smoked fish, etc., is thus likely to augment biaxially oriented polyamide (BOPA) films industry share.

As compared to other film resins, BOPA is easier to process at low as well as high temperatures. In addition, it is recyclable, microwaveable, and burns without causing any harmful impact on the environment, which would be instrumental in driving BOPA films market trends over the coming timeframe. The deployment of these films across the electronics, pharmaceutical, and food & beverage sectors has been depicting a rise by the day – a factor that would have a considerable impact on biaxially oriented polyamide films industry size.

The domain of pharmaceutical packaging has been exhibiting a massive rise in recent years, as drugs require highly reliable packaging that offers quality, security, product protection, and temper evidence. With continuous innovations in the pharma sector that are aimed at treating numerous diseases, the pharma packaging space has also been undergoing a change of trends. BOPA films, it has been proved, provide exceptional security characteristics, securing drugs from external contaminants, mechanical damage, light, and oxygen and moisture penetration, owing to their high mechanical strength and oxygen & moisture barrier capability. In consequence, this would have a profound impact on BOPA films industry share from the pharma sector.

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Nowadays, medication packaging comprises low and high-density materials that are used to customize the packaging design. The ever-increasing demand for advanced pharmaceutical packaging for medicinal pills, blood nutrition bags, instant cold bags, syringes, surgical instruments, and bandages will thus markedly boost biaxially oriented polyamides (BOPA) films market outlook. Apart from innovative packaging, many of the pharmaceutical companies are taking initiatives to reduce carbon footprints by minimizing the usage of VOCs (volatile organic compounds) for packaging purposes.

Recently, Mitsui Chemicals, Inc., introduced a water-based high-performance heat seal coating for medical blister packaging in collaboration with an Indian technology company, Bilcare Limited, which would help pharma companies curb carbon emissions. Heat seal coatings primarily consist of aqueous dispersion of polyamides – thus, its deployment is likely to impel enhance biaxially oriented polyamide (BOPA) films market share. Global Market Insights Inc., predicts that by 2024, biaxially oriented polyamide BOPA films industry size from pharmaceutical and medical applications will exceed a revenue collection of USD 250 million.

A million tons of food are being wasted across the globe on account of inefficient packaging, which has led to the demand for BOPA films and related products. The shifting trends toward the growing consumption of packaged food have also prompted companies in the food processing and food & beverage sectors to use effective packaging materials, which in turn would augment the commercialization potential of BOPA films market.

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