Biaxially Oriented Polyamide (BOPA) Films Market Size

Biaxially Oriented Polyamide Films Market Size

Global Biaxially Oriented Polyamide (BOPA) Films Market Size was estimated over USD 2 billion in 2016 and will exhibit growth by a CAGR of over 10% up to 2024. 

The global biaxially oriented polyamide (BOPA) films market will be chiefly driven by the high demand for flexible packaging materials in the food & beverage industry. The product is a polyamide film that is stretched in two perpendicular directions to improve its overall strength and barrier properties. Due to their favorable characteristics, BOPA films are extensively used for packaging various products such as food, beverage, medical supplies, household goods, electronics, etc. The product exhibits excellent mechanical strength, resistance, and gas & aroma barrier properties making it an ideal material for use in food & beverage packaging.

The food processing industry is one of the largest manufacturing sectors in the U.S. accounting for almost a tenth of the entire manufacturing activities. In recent years the U.S. food processing industry has grown at a healthy rate and the key sectors in the industry include meat & dairy, seafood, fruit & vegetable, and specialty food processing. This upward trend in the U.S. food processing industry will result in higher demand for BOPA films in coming years. The overall food & beverage industry in the country has also been experiencing high growth with a CAGR of more than 10% to cross USD 10 billion in 2016. The Canadian food & beverage industry has also been flourishing at a fast rate mostly due to rising demand for processed food products. These trends in the North American region will be important growth enablers for the BOPA films market during the forecast timeframe.

The characteristic of the product that creates a major challenge for manufacturers as well as converters is its moisture absorbing tendency. BOPA films are hygroscopic in nature and their gas barrier properties deteriorate rapidly with moisture absorption. This increases the costs associated with the products manufacturing, handling, storage and transportation. These factors may hinder the BOPA films market growth in coming years as manufacturers and converters will opt for other cost-effective packaging materials to substitute the product.