Biaxially Oriented Polyamide BOPA Nylon Film market size is USD 1.2 billion in 2022 and will grow at a CAGR of 2.80% from 2023-2030

Introduction of Biaxially Oriented Polyamide - nylon Film - BOPA Market

Biaxially oriented nylon film, also known as BOPA (biaxially oriented polyamide) films, is a form that has become popular in specialty packaging. BOPA nylon films offer outstanding mechanical strength, puncture, abrasion, and flex-crack resistance. Developing layer co-extrusion techniques is essential for BOPA nylon films' rising market possibilities. The demand for hygienic packaging is rising in many other companies, one of the main drivers fueling market revenue growth. BOPA nylon films have received widespread support from the pharmaceutical and personal care product industries. As more applications are submitted, the BOPA nylon films market's revenue prospects are anticipated to improve. Furthermore, the expansion of the global biaxially oriented polyamide (BOPA) nylon film market is also being driven by rising demand for thermoformed packaging products in both the food and non-food industries.

The biaxially oriented polyamide (BOPA) nylon film sector is expanding as a result of these advances, which enable companies to provide better-tailored products and services.

• For instance, in October 2021, Retort Pouch Recyclable was introduced by Mondi plc, a well-known provider of paper and packaging. Aluminum is swapped out for a fully recyclable retort pouch solution with the help of our creative high-barrier film. Due to the comprehensive study, the mono-material solution is totally recyclable and ideally suited for producers of wet pet food.

Key Insights from Biaxially Oriented Polyamide - nylon Film - BOPA Market Report

The Global Biaxially Oriented Polyamide (BOPA) Nylon Film market size is USD 1.2 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 2.80% from 2023 to 2030.

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What are the Major Drivers Affecting the Biaxially Oriented Polyamide-nylon Film - BOPA Market?

• Growing Adoption in the Packaging Sector to Provide Viable Market Output

Biaxially orientated polyamide (BOPA) films are increasingly used as flexible packaging materials, particularly in the food and beverage industry and the quickly expanding personal care products industry, which accounts for the market expansion.?

• According to the Environmental Protection Agency (EPA) of the United States, 14.5 million tons of packaging and plastic containers were produced in the country in 2018.

Furthermore, the most significant polyamide film is BOPA, a great option for demanding packaging applications. In comparison to non-oriented cast PA film, BOPA nylon film has greater stiffness, tensile strength, lower elongation, higher oxygen and aroma barriers, abrasion resistance, and resistance to flex-cracks, which makes it the perfect material for all converting processes like printing, lamination, and coating products. The BOPA nylon films market is estimated to grow positively during the projected period due to all these attributes.

Major Factors Restraining Growth of the Biaxially Oriented Polyamide - nylon Film - BOPA Market

• Difficulties Faced During Recycling of BOPA Nylon Films to Hinder Market Growth

Due to the required functionality, barrier, thickness, cheap cost, and expanding applications, multilayer flexible packaging has been more popular over the years than biaxially oriented polyamide (BOPA) nylon film. As the delamination process of these films is too challenging in practice, wherein the cost of recycling is higher than making a new one, recycling or disposing of these packaging films is hard and demands significant expenditure for manufacturers. When it comes to maintaining the adhesive tie layer and film after orientation, biaxially oriented polyamide (BOPA) nylon film confronts various difficulties. Furthermore, the excessive orientation of polyamide film reduces the material's resilience and occasionally causes issues during the recycling process.

Impact of COVID–19 on the Biaxially Oriented Polyamide (BOPA) Nylon Film Market

The employees of manufacturing companies are currently a source of concern because they must maintain social seclusion due to infection throughout the pandemic. Essential supplies are obtained by several nations from East Asian industrial complexes. The international supply chains have been hampered and disturbed by COVID-19. Additionally, the end-use industries influence the demand for biaxially oriented polyamide (BOPA) nylon film. Thus, the demand for biaxially oriented polyamide (BOPA) nylon film did develop slowly between March 2020 and September 2021 due to a slowdown in some food industry sectors.

Biaxially Oriented Polyamide - nylon Film - BOPA Market Market Analysis

By Type, the Mechanical Simultaneous Stretching Type Segment Dominates the Biaxially Oriented Polyamide (Bopa) Nylon Film Market Market

The mechanical simultaneous stretching type of BOPA nylon films uses two or more sets of rollers spaced apart to maintain the film's thickness while preventing shrinkage during the stretching process. BOPA nylon films of this type are stretched simultaneously in both machine and transverse directions.

According to Cognitive Market Research, a biaxially oriented polyamide) (nylon film technique, LISIM Simultaneous Stretching Type, employs simultaneous stretching in both the longitudinal and transverse axes. In terms of heat resistance, grip strength, or light transmission, this enables the creation of films with superior qualities.

• Sequential Stretching Type
• Mechanical Simultaneous Stretching Type
• LISIM Simultaneous Stretching Type

Application

• Food Industry
• Household Products
• Pharmaceuticals
• Electronics
• Others

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Top Companies Market Share in Biaxially Oriented Polyamide - nylon Film - BOPA Industry:

Cangzhou Mingzhu Plastic Co., Ltd., Kolon Industries, Inc, DOMO Chemicals, American Biaxis Inc., AdvanSix, JPlast Plastic Products, TOYOBO DO BRASIL PRODUTOS BIOLóGICOS LTDA Fspg Hi-Tech Co., Ltd, and Others

Biaxially Oriented Polyamide - nylon Film - BOPA Industry News:

• October 2020: The Gelest, Inc. was purchased by Mitsubishi Chemical Corporation from New Mountain Capital, LLC. Mitsubishi Chemical America's subsidiary Gelest is now its sole owner. In the fields of silicones, organosilanes, metal-organics, medical devices, personal care, and life sciences, Gelest is a well-known corporation. The advanced management and expanding customer base are the foundations upon which the company was acquired.
• March 2019: The second BOPA (Nylon) line from Oben Holding Group S.A.C., erected in Peru, has a production capacity of 13,000 MT annually. The company's overall BOPA capacity was enhanced with this additional expansion to 20,000 MT/year.

Biaxially Oriented Polyamide - nylon Film - BOPA Regional Analysis:

• The North American Biaxially Oriented Polyamide (Bopa) Nylon Film market Dominate the Largest Share of Global Market

According to Cognitive Market Research, North America dominated the market in 2022 and accounted for a share of more than 37% of the global revenue due to several variables. Increased demand for BOPA nylon films from the home goods and personal care industries is primarily responsible for revenue growth in North America. The biggest force behind this development, which will spur considerable investments over the next ten years, has been rising demand from the pharmaceutical industry. Additionally, the quickly growing food manufacturing, food processing, food service, and food business in the area can be partly attributed to the market expansion in the area. Furthermore, according to Cognitive Market Research, In 2022, it was predicted that the US food business would be worth more than USD 1.5 trillion. The rapid growth of the regional food and beverage industry is also anticipated to contribute to this. Additionally, the demand for specialized packaging to shield food products from oxidation, microbial attack, and moisture and extend shelf life will likely expand. The statistics show that the food and beverage sector contributed more than 4% of the GDP to the American economy in 2022.?

On the other hand, Asia Pacific is anticipated to be the fastest-growing region in the biaxially oriented polyamide (BOPA) nylon film market over the forecast period. The increasing number of pharmaceutical companies, as well as rising expenditures for R&D in the biopharmaceutical sector, as well as the growth of South Asia's "pharmerging" markets, as well as the rapid advancement of biomedical science (BMS) and medical technology in the area, cold-forming film, the rising demand for thermoforming film, and other packaging technology to create next-generation pharmaceutical packaging; and the rising medical skepticism. The value of the pharmaceutical industry in China was estimated to be close to USD 85 billion in 2018, whereas the pharmaceutical industry in Japan was estimated to be close to USD 77 billion in 2018.

Frequently Asked Questions (FAQs)

What was the global global valuation of the biaxially oriented polyamide (BOPA) nylon film market in 2022?

• The worldwide market value for biaxially oriented polyamide (BOPA) nylon film reached 1.2 billion USD in 2022.

How will the biaxially oriented polyamide (BOPA) nylon film market grow during the projected period?

• The biaxially oriented polyamide (BOPA) nylon film market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 2.80% throughout the forecast period.

Which region is primarily positioned in the biaxially oriented polyamide (BOPA) nylon film market?

• North America dominated the global biaxially oriented polyamide (BOPA) nylon film market's revenue share in 2022.

Which geographical area is predicted to experience the swiftest growth in the upcoming years?

• In the forthcoming years, the Asia Pacific region is poised to exhibit the most rapid growth in the global biaxially oriented polyamide (BOPA) nylon film market.

Which country led the biaxially oriented polyamide (BOPA) nylon film market in 2022?

• The United States claimed the largest share of the global biaxially oriented polyamide (BOPA) nylon film market revenue in 2022.

What factors propel the growth of the biaxially oriented polyamide (BOPA) nylon film market?

• The demand for hygienic packaging is rising in many other companies, one of the main drivers fueling market revenue growth.

Which category dominates the biaxially oriented polyamide (BOPA) nylon film market in terms of type?

• The mechanical simultaneous stretching type segment held the largest portion of the global market regarding type.

What is the primary application segment in the biaxially oriented polyamide (BOPA) nylon film market?

• In 2022, the food industry segment was the major revenue contributor within the global market's service offerings.

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