Report Code: CMI23767

Published Date: May 2023

Pages: 220+

Category: Advanced Materials

Report Snapshot

CAGR: 4.6%
20.87M
2022
21.47M
2023
26.28M
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Jindal Poly Films Limited
  • Treofan Group
  • Taghleef Industries
  • Cosmo Films Ltd.
  • Klöckner Pentaplast Group
  • Others

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Reports Description

As per the current market research conducted by CMI Market Research Team, the global Biaxially Oriented BO Films Market is expected to record a CAGR of 4.6% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 20.87 million. By 2032, the valuation is anticipated to reach USD 26.28 million.

The Biaxially Oriented (BO) Films market refers to the industry involved in the manufacturing, distribution, and sale of films that have undergone biaxial orientation. Biaxial orientation is a process where a film is stretched in both the machine direction (MD) and transverse direction (TD) to enhance its physical properties such as strength, clarity, barrier properties, and heat resistance.

BO films are widely used in various industries including packaging, labeling, printing, lamination, and industrial applications. They offer advantages such as excellent dimensional stability, high tensile strength, low thermal shrinkage, optical clarity, and good barrier properties against moisture, gases, and aromas. These films are commonly made from polymers like polypropylene (BOPP), polyethylene terephthalate (BOPET), and polyethylene (BOPE). They find extensive applications in sectors such as food and beverages, pharmaceuticals, personal care, consumer goods, and industrial packaging.

Biaxially Oriented (BO) Films Market – Significant Growth Factors

The Biaxially Oriented (BO) Films market offers significant growth opportunities due to several factors:

  • Growing Demand for Flexible Packaging: The increasing preference for flexible packaging solutions across various industries, including food and beverages, pharmaceuticals, and personal care, is driving the demand for BO films. These films provide excellent barrier properties, durability, and visual appeal, making them suitable for packaging applications.
  • Expanding Food and Beverage Industry: The BO films market is benefiting from the growth of the food and beverage industry. With the rising demand for packaged food products and ready-to-eat meals, there is a need for high-quality packaging materials that can enhance product shelf life and maintain freshness. BO films offer excellent moisture and oxygen barrier properties, making them ideal for food packaging applications.
  • Rising Consumer Awareness and Quality Standards: Consumers are becoming increasingly conscious of product safety, hygiene, and sustainability. BO films meet stringent quality standards and can be produced using eco-friendly materials, making them aligned with consumer preferences. Manufacturers that offer BO films with enhanced safety features and sustainable attributes have a competitive edge in the market.
  • Technological Advancements: Continuous advancements in film manufacturing technologies, such as improved stretching techniques and coating technologies, enhance BO films’ performance and properties. These advancements enable the production of films with higher strength, optical clarity, and barrier properties, expanding the range of applications and driving market growth.
  • Emerging Markets: The demand for BO films is witnessing significant growth in emerging markets, particularly in Asia-Pacific and Latin America. Factors such as urbanization, changing lifestyles, and the growth of the middle-class population drive the demand for packaged goods, fueling the market for BO films in these regions.
  • Industrial Applications: BO films find applications beyond packaging, such as in industrial sectors like construction, electronics, and agriculture. These films are used for insulation, electrical and thermal conductivity, moisture resistance, and protection against UV radiation. The expanding industrial applications provide additional growth opportunities for the BO films market.

Overall, the Biaxially Oriented (BO) Films market is poised for significant growth driven by the increasing demand for flexible packaging, the growth of the food and beverage industry, technological advancements, and the emergence of new markets.

Biaxially Oriented (BO) Films Market – Mergers and Acquisitions

  • The Biaxially Oriented (BO) Films market has witnessed notable mergers and acquisitions, which have had a significant impact on the industry. Some key mergers and acquisitions in the BO Films market include:
  • Jindal Poly Films Acquisition of ExxonMobil’s BOPP Films Business: In 2018, Jindal Poly Films Limited, a leading BO films manufacturer, acquired ExxonMobil’s BOPP films business. This acquisition expanded Jindal Poly Films’ product portfolio and market reach, strengthening its position in the BO Films market.
  • Treofan Group Acquisition by Jindal Poly Films: In 2018, Jindal Poly Films acquired Treofan Group, a global manufacturer of BO films. This strategic acquisition enabled Jindal Poly Films to enhance its global presence and strengthen its technological capabilities in the BO Films market.
  • Cosmo Films Acquisition of GBC Commercial Print Finishing Business: In 2019, Cosmo Films Ltd., a major player in the BO Films market, acquired the Commercial Print Finishing business of GBC, a renowned provider of print finishing solutions. This acquisition allowed Cosmo Films to expand its product offerings and cater to the growing demand for value-added printing and finishing solutions.
  • Klöckner Pentaplast Group Acquisition by Strategic Value Partners: In 2016, Strategic Value Partners, a global investment firm, acquired Klöckner Pentaplast Group, a leading manufacturer of BO films. This acquisition provided financial stability to Klöckner Pentaplast and supported its growth strategies in the BO Films market.
  • Taghleef Industries Acquisition of Derprosa: In 2014, Taghleef Industries, a prominent BO Films manufacturer, acquired Derprosa, a Spanish producer of specialty films. This acquisition expanded Taghleef Industries’ product portfolio and customer base, reinforcing its position as a global leader in the BO Films market.

These mergers and acquisitions have led to synergies in terms of product offerings, market presence, technological advancements, and customer base for the companies involved. They have also contributed to the consolidation of the BO Films market and provided opportunities for companies to expand their operations, strengthen their competitive position, and cater to a broader range of customer needs.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Biaxially Oriented (BO) Films Market Plastic Films and Sheets Market Breathable Films Market
CAGR 4.8% (Approx) CAGR 6.53%

(Approx)

8%

(Approx)

US$ 26.28 Million by 2032 USD 199.13 Billion by 2030 USD 4.8 Billion by 2030

Biaxially Oriented (BO) Films Market – Significant Threats

While the Biaxially Oriented (BO) Films market presents substantial growth opportunities, there are also significant threats that can impact the industry. Some key threats in the BO Films market include:

  • Intense Competition: The BO Films market is highly competitive, with numerous manufacturers operating globally. The presence of multiple players offering similar products can lead to price competition and reduced profit margins. Companies need to differentiate themselves through product innovation, quality, and customer service to maintain a competitive edge.
  • Volatile Raw Material Prices: The BO Films market relies on various polymers such as polypropylene (BOPP), polyethylene terephthalate (BOPET), and polyethylene (BOPE) as raw materials. Fluctuations in raw material prices can impact production costs and profit margins for BO film manufacturers. Companies need to closely monitor and manage raw material costs to mitigate the impact of price volatility.
  • Environmental Concerns and Regulations: Increasing environmental awareness and stringent regulations regarding plastic waste management poses a threat to the BO Films market. The industry is under pressure to develop sustainable alternatives, reduce the environmental impact of films, and adopt recycling initiatives. Failure to comply with evolving regulations or meet consumer demands for eco-friendly solutions can negatively impact market share and brand reputation.
  • Substitutes and Alternatives: The BO Films market faces competition from alternative packaging materials such as paper-based packaging, compostable films, and bio-based polymers. These materials are gaining traction due to their perceived environmental benefits. BO film manufacturers need to continuously innovate and demonstrate the advantages of their products over substitutes to maintain market share.
  • Technological Disruptions: Rapid advancements in technology and the emergence of new film manufacturing processes pose a threat to traditional BO film production methods. Innovative technologies such as nanotechnology, biodegradable films, and smart packaging solutions have the potential to disrupt the market. BO film manufacturers must stay abreast of technological developments and adapt to changing industry trends to remain competitive.
  • Economic Instability: Economic downturns and financial uncertainties can impact consumer spending patterns and demand for packaged goods, thereby affecting the BO Films market. Volatile economic conditions can lead to reduced demand or delayed investment decisions by industry players, impacting the overall growth of the market.

To mitigate these threats, companies in the BO Films market need to invest in research and development, focus on sustainable practices, diversify their product offerings, maintain strong customer relationships, and adapt to changing market dynamics.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 21.47 Million
Projected Market Size in 2032 USD 26.28 Million
Market Size in 2022 USD 20.87 Million
CAGR Growth Rate 4.6% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type:

  • Biaxially Oriented Polypropylene (BOPP) Films: BOPP films are the most widely used type of BO films in various industries. They offer excellent clarity, high tensile strength, and good moisture and gas barrier properties. BOPP films are extensively used in flexible packaging, labeling, lamination, and printing applications. They provide durability, resistance to chemicals and oils, and are suitable for both food and non-food applications.
  • Biaxially Oriented Polyethylene Terephthalate (BoPET) Films: BoPET films, also known as polyester films, are another significant segment of the BO Films market. These films offer exceptional tensile strength, dimensional stability, optical clarity, and heat resistance. BoPET films are widely used in food packaging, electronics, labels, and industrial applications. They provide excellent barrier properties against moisture, gases, and UV radiation.
  • Biaxially Oriented Polyamide (BOPA) Films: BOPA films, made from polyamide (nylon), are a specialized segment within the BO Films market. These films possess exceptional strength, puncture resistance, and excellent barrier properties against oxygen and aroma. BOPA films find applications in the food packaging industry, especially for products that require high gas barriers properties, such as meat, cheese, and snacks. They are also used in industrial and technical applications.

Global Biaxially Oriented (BO) Films Market 2023–2032 (By Million)

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By Application:

  • Biscuits/Bakery: BO films find extensive use in the biscuits and bakery industry for packaging applications. These films provide excellent moisture and aroma barrier properties, ensuring product freshness and extended shelf life. They also offer good printability for attractive packaging designs.
  • Confectionery: BO films are widely employed in the confectionery industry for packaging chocolates, candies, and other sweets. The films provide protection against moisture, oxygen, and aroma, preserving the taste and quality of confectionery products. They also offer excellent heat-sealability and good clarity for product visibility.
  • Labels: BO films are commonly used in label applications across various industries. The films provide a durable and visually appealing surface for product labels. They offer excellent printability, flexibility, and resistance to water, oil, and chemicals, making them suitable for different labeling requirements.
  • Pasta: BO films are utilized in the packaging of pasta products. These films provide moisture and oxygen barrier properties, preventing spoilage and maintaining the quality of the packaged pasta. They also offer excellent sealing properties to ensure product integrity.
  • Snacks/Dried Food: BO films play a crucial role in the packaging of snacks and dried food products. The films provide a protective barrier against moisture, gases, and external contaminants, preserving the crispness and flavor of snacks. They also offer excellent seal strength to maintain product freshness.
  • Tape: BO films are utilized in the production of adhesive tapes. The films offer excellent tensile strength and dimensional stability, providing durability and ensuring reliable bonding properties for adhesive tapes.
  • Tobacco: BO films find application in the tobacco industry for packaging cigarettes and other tobacco products. These films offer high moisture and gas barrier properties, preserving the freshness and aroma of the tobacco. They also provide good printing capabilities for brand promotion.

Global Biaxially Oriented (BO) Films Market 2023–2032 (By Type)

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Biaxially Oriented (BO) Films Market – Regional Analysis

The Biaxially Oriented (BO) Films market can be analyzed regionally to understand the market dynamics and trends across different geographical areas. Here is a regional analysis of the BO Films market:

  • North America: The North American region, including the United States and Canada, is a significant market for BO Films. The region is driven by the demand for flexible packaging solutions in various industries such as food and beverages, pharmaceuticals, and consumer goods. Stringent regulations regarding product safety and quality also contribute to market growth. Additionally, the presence of major BO film manufacturers and technological advancements in the region further stimulate market growth.
  • Europe: Europe is a mature market for BO Films, with countries such as Germany, the United Kingdom, France, and Italy leading the demand. The market growth is attributed to the presence of a well-established packaging industry, high consumer awareness regarding product safety, and stringent regulations on packaging materials. The growing demand for convenience foods and sustainable packaging solutions also drives the BO Films market in Europe.
  • Asia-Pacific: The Asia-Pacific region, including countries like China, India, Japan, and South Korea, is a rapidly growing market for BO Films. The region’s expanding population, rising disposable incomes, and urbanization are driving the demand for packaged food and beverages, which, in turn, fuels the BO Films market. The growth of e-commerce, increased industrial activities, and the development of retail infrastructure further contribute to market growth in the region.
  • Latin America: Latin America, including countries like Brazil, Mexico, and Argentina, represents a significant growth opportunity for the BO Films market. The region’s growing food and beverage industry, changing lifestyles, and increased consumer spending on packaged goods drives the demand for BO Films. The focus on sustainable packaging solutions and the presence of a large agricultural sector also contribute to market growth in the region.
  • Middle East and Africa: The Middle East and Africa region show steady growth in the BO Films market. The region’s expanding consumer goods and packaging industries, increasing urbanization, and rising awareness about food safety and quality drive the market. The demand for BO Films is also influenced by the growing retail sector and the need for the extended shelf life of packaged products.

Each region has its specific market dynamics influenced by factors such as economic conditions, consumer preferences, regulatory environment, and industrial development. Understanding the regional analysis helps stakeholders identify growth opportunities, adapt their strategies, and cater to the specific demands of each market segment.

Global Biaxially Oriented (BO) Films Market 2023–2032 (By Thickness)

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Competitive Landscape – Biaxially Oriented (BO) Films Market

The Biaxially Oriented (BO) Films market features a competitive landscape with the presence of several key players. These companies strive to gain a competitive edge by focusing on product innovation, expanding their product portfolios, and strengthening their distribution networks. Here are some of the major players in the BO Films market:

  • Jindal Poly Films Limited: Jindal Poly Films Limited is a leading manufacturer of BO Films, including BOPP films. The company offers a wide range of films for packaging, labeling, and industrial applications. Jindal Poly Films focuses on technological advancements and sustainability to meet customer requirements.
  • Treofan Group: Treofan Group is a global supplier of BO Films, specializing in BOPP and BoPET films. The company provides films for various applications such as packaging, labels, and industrial sectors. Treofan emphasizes innovation and customized solutions to cater to diverse customer needs.
  • Cosmo Films Ltd.: Cosmo Films Ltd. is a renowned player in the BO Films market, offering a comprehensive range of films, including BOPP films. The company serves various industries such as packaging, lamination, labeling, and industrial applications. Cosmo Films focuses on product development and value-added solutions to meet market demands.

The Biaxially Oriented (BO) Films Market is segmented as follows:

By Type

  • BOPP
  • BoPET
  • BOPA

By Application

  • Food and Beverage
  • Personal Care
  • Pharmaceutical
  • Tobacco Packaging
  • Electrical & Electronics
  • Others

By Type

  • Wraps
  • Bags & Pouches
  • Tapes
  • Labels

By Thickness

  • Below 15 Microns
  • 15-30 Microns
  • 30-45 Microns
  • More than 45 Microns

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Biaxially Oriented BO Films Market, (2024 – 2033) (USD Million)
    • 2.2 Global Biaxially Oriented BO Films Market : snapshot
  • Chapter 3. Global Biaxially Oriented BO Films Market – Industry Analysis
    • 3.1 Biaxially Oriented BO Films Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing Demand for Flexible Packaging
      • 3.2.2 Expanding Food and Beverage Industry
      • 3.2.3 Rising Consumer Awareness and Quality Standards
      • 3.2.4 Industrial Applications.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Biaxially Oriented BO Films Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Biaxially Oriented BO Films Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Biaxially Oriented BO Films Market – Type Analysis
    • 5.1 Global Biaxially Oriented BO Films Market overview: By Type
      • 5.1.1 Global Biaxially Oriented BO Films Market share, By Type, 2022 and – 2033
    • 5.2 BOPP
      • 5.2.1 Global Biaxially Oriented BO Films Market by BOPP, 2024 – 2033 (USD Million)
    • 5.3 BoPET
      • 5.3.1 Global Biaxially Oriented BO Films Market by BoPET, 2024 – 2033 (USD Million)
    • 5.4 BOPA
      • 5.4.1 Global Biaxially Oriented BO Films Market by BOPA, 2024 – 2033 (USD Million)
  • Chapter 6. Global Biaxially Oriented BO Films Market – Application Analysis
    • 6.1 Global Biaxially Oriented BO Films Market overview: By Application
      • 6.1.1 Global Biaxially Oriented BO Films Market share, By Application, 2022 and – 2033
    • 6.2 Biscuits/Bakery
      • 6.2.1 Global Biaxially Oriented BO Films Market by Biscuits/Bakery, 2024 – 2033 (USD Million)
    • 6.3 Confectionery
      • 6.3.1 Global Biaxially Oriented BO Films Market by Confectionery, 2024 – 2033 (USD Million)
    • 6.4 Labels
      • 6.4.1 Global Biaxially Oriented BO Films Market by Labels, 2024 – 2033 (USD Million)
    • 6.5 Pasta
      • 6.5.1 Global Biaxially Oriented BO Films Market by Pasta, 2024 – 2033 (USD Million)
    • 6.6 Snacks/Dried food
      • 6.6.1 Global Biaxially Oriented BO Films Market by Snacks/Dried food, 2024 – 2033 (USD Million)
    • 6.7 Tape
      • 6.7.1 Global Biaxially Oriented BO Films Market by Tape, 2024 – 2033 (USD Million)
    • 6.8 Tobacco
      • 6.8.1 Global Biaxially Oriented BO Films Market by Tobacco, 2024 – 2033 (USD Million)
  • Chapter 7. Biaxially Oriented BO Films Market – Regional Analysis
    • 7.1 Global Biaxially Oriented BO Films Market Regional Overview
    • 7.2 Global Biaxially Oriented BO Films Market Share, by Region, 2022 & – 2033 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Biaxially Oriented BO Films Market, 2024 – 2033 (USD Million)
        • 7.3.1.1 North America Biaxially Oriented BO Films Market, by Country, 2024 – 2033 (USD Million)
    • 7.4 North America Biaxially Oriented BO Films Market, by Type, 2024 – 2033
      • 7.4.1 North America Biaxially Oriented BO Films Market, by Type, 2024 – 2033 (USD Million)
    • 7.5 North America Biaxially Oriented BO Films Market, by Application, 2024 – 2033
      • 7.5.1 North America Biaxially Oriented BO Films Market, by Application, 2024 – 2033 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Biaxially Oriented BO Films Market, 2024 – 2033 (USD Million)
        • 7.6.1.1 Europe Biaxially Oriented BO Films Market, by Country, 2024 – 2033 (USD Million)
    • 7.7 Europe Biaxially Oriented BO Films Market, by Type, 2024 – 2033
      • 7.7.1 Europe Biaxially Oriented BO Films Market, by Type, 2024 – 2033 (USD Million)
    • 7.8 Europe Biaxially Oriented BO Films Market, by Application, 2024 – 2033
      • 7.8.1 Europe Biaxially Oriented BO Films Market, by Application, 2024 – 2033 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Biaxially Oriented BO Films Market, 2024 – 2033 (USD Million)
        • 7.9.1.1 Asia Pacific Biaxially Oriented BO Films Market, by Country, 2024 – 2033 (USD Million)
    • 7.10 Asia Pacific Biaxially Oriented BO Films Market, by Type, 2024 – 2033
      • 7.10.1 Asia Pacific Biaxially Oriented BO Films Market, by Type, 2024 – 2033 (USD Million)
    • 7.11 Asia Pacific Biaxially Oriented BO Films Market, by Application, 2024 – 2033
      • 7.11.1 Asia Pacific Biaxially Oriented BO Films Market, by Application, 2024 – 2033 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Biaxially Oriented BO Films Market, 2024 – 2033 (USD Million)
        • 7.12.1.1 Latin America Biaxially Oriented BO Films Market, by Country, 2024 – 2033 (USD Million)
    • 7.13 Latin America Biaxially Oriented BO Films Market, by Type, 2024 – 2033
      • 7.13.1 Latin America Biaxially Oriented BO Films Market, by Type, 2024 – 2033 (USD Million)
    • 7.14 Latin America Biaxially Oriented BO Films Market, by Application, 2024 – 2033
      • 7.14.1 Latin America Biaxially Oriented BO Films Market, by Application, 2024 – 2033 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Biaxially Oriented BO Films Market, 2024 – 2033 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Biaxially Oriented BO Films Market, by Country, 2024 – 2033 (USD Million)
    • 7.16 The Middle-East and Africa Biaxially Oriented BO Films Market, by Type, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Biaxially Oriented BO Films Market, by Type, 2024 – 2033 (USD Million)
    • 7.17 The Middle-East and Africa Biaxially Oriented BO Films Market, by Application, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Biaxially Oriented BO Films Market, by Application, 2024 – 2033 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Jindal Poly Films Limited
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Treofan Group
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Taghleef Industries
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Cosmo Films Ltd.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Klöckner Pentaplast Group
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Others
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Jindal Poly Films Limited
  • Treofan Group
  • Taghleef Industries
  • Cosmo Films Ltd.
  • Klöckner Pentaplast Group
  • Others

FAQs

“North America” region will lead the global Biaxially Oriented (BO) Films market during the forecast period 2023 to 2032.

The key factors driving the market Growing Demand for Flexible Packaging, Expanding Food and Beverage Industry, Rising Consumer Awareness and Quality Standards and Industrial Applications.

The key players operating in the Biaxially Oriented (BO) Films market are Jindal Poly Films Limited, Treofan Group, Taghleef Industries, Cosmo Films Ltd., Klöckner Pentaplast Group, Others.

The global Biaxially Oriented (BO) Films market is expanding growth with a CAGR of approximately 4.6% during the forecast period (2023 to 2032).

The global Biaxially Oriented (BO) Films market size was valued at USD 20.87 Million in 2022 and it is projected to reach around USD 26.28 Million by 2032.

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4990


$

5990


$

2290


$

2390

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • Report in your Language.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Report in your Language.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • In-Depth Company Profiles.
  • SWOT Analysis.
  • Identify your Competitors.
  • Recent Development Analysis.
  • Competitor Pricing Strategies.
  • Competitor Marketing Strategies.
  • Competitor Positioning and Messaging.
  • Competitor Product’s Strengths.
  • Free 20% or 10 Hours of Customisation.
  • 15% Discount on your Next Purchase.
  • Upgradable to other licenses.
  • PDF Format.
  • Permission to Print the Report.

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