The latest market report published by Credence Research, Inc. “Global BOPA Laminating Film Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The global market has acquired a market size of around USD 3.80 billion in 2020 and expected to reach a healthy CAGR of over 11.8% during the forecast period from 2021 to 2027 to reach around USD 7.4 billion in 2027.
Browse the full report at https://www.credenceresearch.com/report/bopa-laminating-film-market
BOPA film, made of nylon 6, is used in a variety of industries for packaging. BOPA has excellent resilience, resistance, tensile strength, anti-puncture strength, strong aroma and gas barrier properties, excellent printability, good clarity and shine, and a wide operating temperature range. As a result, BOPA film is particularly well suited to the packaging of perishable goods, fruits, frozen and cooked foods, medical supplies, agricultural and aquatic items, and electronic products.
Key Trends in Global Market
Growing Consumption of Packaged Food Augmented Demand for BOPA Films
BOPA films are in high demand due to the increased purchasing of processed foods through modern distribution outlets such as supermarkets and hypermarkets. Furthermore, the growth of e-commerce, which has allowed for the fast selling of packaged food goods, has created a huge demand in the market. The market is also being driven by rapid changes in customer preference for online modes of buying packaged food, which has boosted demand for packaging solutions even further.
When processed foods are exposed to biological or atmospheric impurities, they can be damaged. As a result, manufacturers are increasingly looking for ways to maintain quality while extending shelf life. BOPA films are expected to become a favored packaging solution among end users due to their excellent moisture and gas safety. Innovations in product production, packaging material development, design technology, and packaging material properties are expected to benefit vendors operating in the industry.
Global Market by Process Insights
Simultaneous, Sequential and Blown are the three process of this market. Sequential Process dominated the market due to its low cost, versatility in the process while stretching, and high production rate. This process is expected to remain the most common. Simultaneous process is anticipated to rise the most in the forthcoming years, owing to rising demand for these films for advanced applications including retortable pouches.
Global Market by Application Insights
Global market is segmented based on Application as Food Industry, Household Products, Pharmaceuticals, Electronics and Others. Food Industry held highest the highest share as there is high demand for food packaging in Asia-Pacific and North America.
Food packaging is projected to be at the forefront in the whole end use industry in the BOPA film market, and it is also likely to rise the most in the upcoming years, owing to increased demand for red meat, cheese packaging and processed meat. The demand for these films in barrier functions is likely to remain the largest segment and it is also expected to grow.
Global Market by Regional Insights
In the coming years, Asia Pacific is projected to acquire large sales and volumes in this market. In the years to come, end-use industries such as pharmaceuticals, food and beverage packaging, and electronics are expected to see an increase in demand for BOPA films in Asia Pacific.
Europe is expected to have a significant share of the market in this field. In the forthcoming years, Europe is expected to have a significant share of the industry and North America is expected to provide lucrative prospects for the BOPA films industry. The globalization of the food and beverage industry in Latin America has resulted in an increase in demand for BOPA films. The BOPA films market in the Middle East and Africa is expected to develop at a moderate rate in the coming years.
Global Market Competitive Landscape
Most prominent players in the global market include COSMO, GBC, Transilwrap, Beijing Kangde Xin, D&K, FLEX, DEPROSA, Mondi, GMP and IPAK. The report covers very detailed profiles of these key players.
Global BOPA Laminating Film Market by Process, 2015 – 2027
Global BOPA Laminating Film Market by Application, 2015 – 2027
· Food Industry
· Household Products
· Pharmaceuticals Electronics Other
Global BOPA Laminating Film Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global BOPA Laminating Film Market: Key Players
· Beijing Kangde Xin