Sellbyville, DE -- (SBWIRE) -- 12/13/2018 -- The qualitative research study conducted by Global Market Insights, Inc. titled "Biaxially Oriented Polyamide (BOPA) Films Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global BOPA Films Market.

Biaxially Oriented Polyamide (BOPA) Films Market size will surpass USD 6 billion by 2024. The superior barrier properties of BOPA films will augment its market growth in the study period. The product has excellent mechanical properties such as resistance to puncture, burst, impact, and tear. It also exhibits high abrasion as well as flex crack resistance. Stretching the film in two directions enhances its dimensional stability providing optimum performance during converting and packaging.

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A million tons of food are being wasted across the globe on account of inefficient packaging, which has led to the demand for BOPA films and related products. The shifting trends toward the growing consumption of packaged food have also prompted companies in the food processing and food & beverage sectors to use effective packaging materials, which in turn would augment the commercialization potential of BOPA films market.

Numerous R&D activities are being undertaken to explore innovative ways for developing functionally polymeric films, which would generate lucrative opportunities for biaxially oriented polyamide (BOPA) films market players. As technological advancements have been paving their way through the automotive and portable consumer devices sectors, the research community is looking forward to innovating light-weight, water-resistant, and flexible materials. The renowned behemoths in biaxially oriented polyamides films market have also been investing heavily in research and development activities in order to reduce the initial cost of BOPA. Taking into account the considerable requirement of BOPA films, BOPA films market players have also been developing new production plants across numerous geographies. Aided by the appreciable efforts of industry giants, BOPA films market is likely to gain massive traction in the years ahead.

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The domain of pharmaceutical packaging has been exhibiting a massive rise in recent years, as drugs require highly reliable packaging that offers quality, security, product protection, and temper evidence. With continuous innovations in the pharma sector that are aimed at treating numerous diseases, the pharma packaging space has also been undergoing a change of trends. BOPA films, it has been proved, provide exceptional security characteristics, securing drugs from external contaminants, mechanical damage, light, and oxygen and moisture penetration, owing to their high mechanical strength and oxygen & moisture barrier capability. In consequence, this would have a profound impact on BOPA films industry share from the pharma sector.

Nowadays, medication packaging comprises low and high-density materials that are used to customize the packaging design. The ever-increasing demand for advanced pharmaceutical packaging for medicinal pills, blood nutrition bags, instant cold bags, syringes, surgical instruments, and bandages will thus markedly boost biaxially oriented polyamides (BOPA) films market outlook. Apart from innovative packaging, many of the pharmaceutical companies are taking initiatives to reduce carbon footprints by minimizing the usage of VOCs (volatile organic compounds) for packaging purposes.

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Recently, Mitsui Chemicals, Inc., introduced a water-based high-performance heat seal coating for medical blister packaging in collaboration with an Indian technology company, Bilcare Limited, which would help pharma companies curb carbon emissions. Heat seal coatings primarily consist of aqueous dispersion of polyamides – thus, its deployment is likely to impel enhance biaxially oriented polyamide (BOPA) films market share. Global Market Insights Inc., predicts that by 2024, biaxially oriented polyamide BOPA films industry size from pharmaceutical and medical applications will exceed a revenue collection of USD 250 million.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.