ACCESSWIRE
25 Jan 2021, 23:31 GMT+10
DALLAS, TX / ACCESSWIRE / January 25, 2021 / 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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $3.5 billion by 2025 with a CAGR of 5% to 7% from 2019 to 2025. The major 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.
To download report brochure, please go to https://www.lucintel.com/ds/bopa-film-market-2020-2025.aspx and click 'report brochure'tab from the menu .
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.
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.
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 2014 - 2025]:
By function [Volume (Kilotons) and $M shipment analysis for 2014 - 2025]:
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2014 - 2025]:
By Region [Volume (Kilotons) and $M shipment analysis for 2014 - 2025]:
This 194-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
Biaxially Oriented Polyester (BOPET) Film Market Report:
For more details click here https://www.lucintel.com/bopet-market.aspx
Fluoropolymer Film Market Report:
For more details click here https://www.lucintel.com/fluoropolymer-film-market.aspx
BOPP Film Market Report:
For more details click here https://www.lucintel.com/bopp-film-market.aspx
Optical Film Market Report:
For more details click here https://www.lucintel.com/optical-film-market.aspx
Growth Opportunities in the Global Specialty Film Market:
For more details click here https://www.lucintel.com/specialty-film-market-2017-2022.aspx
Bitumen Emulsifier Market Report:
For more details click here https://www.lucintel.com/bitumen-emulsifier-market.aspx
Polytetrafluoroethylene (PTFE) Market Report:
For more details click here https://www.lucintel.com/polytetrafluoroethylene-market-2018-2023.aspx
Functional Polymer Market Report:
For more details click here https://www.lucintel.com/functional-polymer-market.aspx
Growth Opportunities in the Global Fluoropolymer Market:
For more details click here https://www.lucintel.com/fluoropolymer-market-2017-2022.aspx
Formaldehyde Market Report:
For more details click here https://www.lucintel.com/formaldehyde-market.aspx
SOURCE: Lucintel
Get a daily dose of New Jersey Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New Jersey Telegraph.
More InformationDUBLIN, Ireland - A leading immunologist has said Ireland should seek to vaccinate its entire population by the end of ...
WASHINGTON, DC - The U.S. Federal Aviation Administration (FAA) has ordered immediate inspections of all Boeing 777-200 planes using Pratt ...
CHICAGO, Illinois - After engine parts fell onto a residential neighborhood in Denver, USA this weekend, Boeing Co. has recommended ...
Gulmarg (Jammu and Kashmir) [India], February 27 (ANI): The second edition of the Khelo India winter games started with a ...
Jammu (Jammu and Kashmir) [India], February 27 (ANI): Jammu and Kashmir Director of Information, Syed Sehrish Asgar is among nine ...
SAN FERNANDO CITY, Feb. 26 (PIA) -- Malacanang has declared anew March 2 this year as a special non-working holiday ...
NEW YORK, New York - Experts are searching for an answer as to what caused the flu to virtually disappear ...
A triad of intersecting world-wide pandemics simultaneously threatening humanity today are the end results of its own insatiable greedy human ...
LOS ANGELES, California: California has now recorded over 50,000 deaths from COVID-19, representing more than ten percent of the total ...
AUSTIN, Texas: Texas lawmakers have begun hearings into the causes of the enormous power outages that plagued Texas residents at ...
WASHINGTON DC: - Career foreign service diplomat Linda Thomas-Greenfield was approved to become U.S. ambassador to the United Nations this ...
NEW YORK, New York - Like a mob boss looking for payback, Donald Trump wanted the Supreme Court to do ...