Global Biaxially Oriented Films Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By End User Coverage, By Geographic Coverage and Leading Companies)
Published Date: Sep 2023 |
Format:
| No. of Pages: 235
The global biaxially oriented films market achieved a market size of US$53 Bn in 2022.
Biaxially oriented (BO) films are thin sheets of plastic or polymer that have been stretched in two directions to enhance their properties. They are used in various industries such as packaging, labeling, and printing. These films offer excellent barrier properties, printability, and durability.
Biaxially oriented films come in various types, including polypropylene (BOPP), polyethylene terephthalate (BOPET), polyamide (BOPA), and others. Each type has unique properties suited for different applications.
Some of the factors driving market growth include increasing demand for flexible packaging, rising awareness of sustainable and recyclable packaging materials, and the growth of end-use industries like food and beverage, pharmaceuticals, and consumer goods.
Key regions in the biaxially oriented films market include North America, Europe, Asia Pacific, and Latin America. Asia Pacific, especially countries like China and India, has witnessed significant growth due to industrialization and increased consumer demand.