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© 2019 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Biaxially Oriented Polyamide (BOPA) Films Market Growth Outlook with Industry Review and Forecast 2019-2024
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Global Market Scenario of Biaxially Oriented Polyamide Films Industry The medical & pharmaceutical industry will escalate the BOPA films market growth due to its applications in the packaging of medical equipment such as syringe & bandages, surgical instruments, medicinal pills, etc. Low oxygen transmission rate and high resistance to organic solvents, chemicals, and gases make BOPA films a perfect packaging material for the medical & pharmaceutical sector.BOPA films market The primary hindrance to the growth of BOPA films market is its moisture absorbing propensity, which deteriorates the gas barrier property of the product. The other factor that will encumber the market growth is the high cost and low availability of stretching equipment. The food & beverage sector provides a lucrative growth opportunity for the product market owing to its inimitable properties. BOPA films have a vital role in the packaging of processed food, seafood, dairy products, and others. Food & beverage application category depicted the maximum growth of over 9% CAGR and a revenue of over USD 1.5 billion in 2016. Rapid urbanization coupled with long working hours in Asia Pacific provides a rising trend in the consumption of processed and ready-to-eat food, which will surge the demand for flexible packaging material in the forthcoming period. Various government regulations pertaining to packaged food quality will augment the growth of BOPA films market. © 2019 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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On the basis of product, BOPA films are bifurcated into specialty and plain BOPA films. The specialty segment leads the market and will generate a revenue of over USD 5 billion in 2024. Two and three-layered BOPA films find their extensive usage in the food & beverage sector as a retort, shrink, and vacuum packaging film. These two sub-segments together will occupy the majority share of the industry during the study period. On application basis, the BOPA films market is categorized as medical & pharmaceuticals, electronics, food & beverage, and others, which include book lamination, household products, balloons, etc. The food & beverage sector covered over 65% of the end-use landscape and will gain by approximately 10% CAGR during the study period. Continue:- © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Request for sample copy of this research report@ https://bit.ly/2MX7Dam https://bit.ly/2MX7Dam
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Asia Pacific will be profitable for the growth and will account for more than 75% of the overall market in the coming years. Trending demand for BOPA films with the growing endorsement of the product in the packaging sector in developing countries will drive market growth. 360° Industry Analysis © 2019 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Request for customization: https://bit.ly/2Psoe7j https://bit.ly/2Psoe7j
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Competitive Analysis: The key participants in the BOPA films industry are Mitsubishi, Unitika, AMB Spa, A.J. Plast Public Company, Advansix, Green Seal Holding, Kuraray, Sojitz, Domo, NOW Plastics, Idemitsu, Kunshan Yuncheng Plastic Industry, Thaipolyamide, GUNZE, Impak Films, and AEC Group. © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Make An Inquiry For Purchasing This Report @ https://bit.ly/2WotgU8 https://bit.ly/2WotgU8
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Latest Research Report On Biaxially Oriented Polyamide (BOPA) Films Market @ https://bit.ly/32WWADk https://bit.ly/32WWADk Request for sample of this research report@ https://bit.ly/2MX7Dam Request for customization: https://bit.ly/2Psoe7j https://bit.ly/2Psoe7j © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Stay In Touch You can visit us at: www.gminsights.comwww.gminsights.com Thank You…! © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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