Home > Press Releases > Global Biaxially Oriented Polyamide Films Market

Global Biaxially Oriented Polyamide Films Market growing at a CAGR of 5.3% from 2023 to 2030

Category : Materials And Chemicals | Published Date : Jun 2023

Key Market Overview

According to a recent report by Consegic Business Intelligence, the biaxially oriented polyamide films market is poised for strong expansion and is expected to reach USD 3,763.31 Million by 2030. The market, which was valued at USD 2,496.32 Million in 2022, is predicted to grow at a compound annual growth rate of 5.3% during the period 2023-2030.

The report highlights the increasing demand for convenient and lightweight flexible packaging solutions. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the biaxially oriented polyamide films market.

Global Biaxially Oriented Polyamide Films Market By Overview

Global Biaxially Oriented Polyamide Films Market

The biaxially oriented polyamide films market is bifurcated into type, technology, and application. Based on type, the market is segmented into specialty films and plain films. In 2022, the plain films segment dominate in the overall biaxially oriented polyamide films market. The technology segment is categorized into sequential films, simultaneous films, blown films, and others. In 2022, sequential films segment accounted for the highest market share in the biaxially oriented polyamide films market. Based on application, the market is segmented into packaging (food, confectionary, pharmaceutical, personal care products, tobacco, and others), labelling, tapes, laminations, and others. In 2022, the packaging segment dominate in the overall biaxially oriented polyamide films market.

Get Free Sample

Market Dynamics

Driver:

 

  • Growing demand for convenient and lightweight flexible packaging solutions is boosting the demand for biaxially oriented polyamide films.
  • The adoption of stringent regulations related to packaging materials and food safety is influencing the demand for biaxially oriented polyamide films.

 

Restraints:

  • Growing usage of alternative materials, such as polyethylene terephthalate (PET), polyethylene (PE), and polypropylene (PP) films is likely to hinder the market growth.

Market Segmentation:

Report Attributes Report Details
By Type Specialty Films and Plain Films
By Technology Sequential Films, Simultaneous Films, Blown Films, and Others
By Application Packaging (Food, Confectionary, Pharmaceutical, Personal Care Products, Tobacco, and Others), Labelling, Tapes, Laminations, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The market is dominated by certain major companies such as Unitika Ltd., TPL Transparent Paper Ltd., and Mitsubishi Chemical Corporation have a strong market position in current market circumstances. Further, the biaxially oriented polyamide films market is expected to witness significant growth in the coming years due to the rising development of the pharmaceutical and food & beverage industries. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • Unitika Ltd.
  • TPL Transparent Paper Ltd.
  • Mitsubishi Chemical Corporation
  • Felizplastic
  • TOYOBO Co., Ltd
  • DOMO Chemicals
  • Biaxis Oy Ltd.
  • Sojitz Plastics America Inc.
  • AdvanSix
  • JK Materials Co., Ltd.