The global high-barrier packaging films market is anticipated to exceed US$ 18.5 billion in 2023 and reach about US$ 33.6 billion by 2033. The market is projected to showcase a considerable CAGR of 3.9% during the forecast period from 2023 to 2033.
Surging e-commerce sales and shifting consumer preference toward online shopping will have a positive impact on expansion of the high barrier packaging films market globally. Online shopping is easy and highly convenient, as compared to traditional shopping.
Due to busy lifestyles, limited options, and hectic lives of working professionals, they often tend to purchase several products online. Ability to order and receive goods online, anytime & anywhere with a wide range of options, has increased demand for online shopping.
Numerous e-commerce companies are preferring to package their goods in high barrier films. Tear-resistant, flexible, transparent, and tamper-proof properties of high barrier packaging films can protect the product from damage, as well as from effects of the environment, thereby making them convenient for product shipping and transportation.
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The market for high barrier packaging films is anticipated to expand as supermarkets and hypermarkets continue to escalate in terms of number around the world. Rising demand for transparent and lightweight packaging materials, specifically for electronic devices such as mobile and laptops, as well as food products such as fruits, vegetables, and processed foods, will drive the market. Due to their extended shelf life, ability to preserve food quality, and availability of cost-effective packaging solutions, high barrier packaging films are in high demand in hypermarkets and big retail chains.
Key Takeaways from High Barrier Packaging Films Market
- Organic coating films segment by film type is estimated to hold around 9% of the global high barrier packaging films market share by 2023.
- Based on material, plastic high barrier packaging films are anticipated to expand 2x the current value from 2023 to 2033.
- In terms of end user, the food category is expected to expand by 2x during the forecast period.
- By packaging type, the pouches segment is projected to expand 1x during the assessment period.
- The USA high barrier packaging films market is set to generate a share of around 9% in 2023.
“Rising demand for packaged and processed food items, as well as increasing awareness about the ability of high barrier packaging films to extend products’ shelf life would drive sales. Cost-effective and transparent films are set to be developed by manufacturers to broaden their portfolios,” says a lead analyst at Future Market Insights.
Use of High Barrier Packaging Films to Skyrocket among Cosmetics and Medical Device Companies
After the pandemic, customers have started to prioritize hygiene and cleanliness, which has had a positive impact on the global market for high barrier packaging films. Medical devices are packaged in high barrier packaging films as they shield these products from moisture during transportation and from damage.
Transparent, tear-resistant, and flexible high barrier packaging films provide enhanced device visibility. High barrier packaging films often serve as a shield and assure secure & safe transportation. Owing to their flexibility, durability, and low weight, high barrier packaging films are commonly used in the healthcare sector.
Demand for high barrier packaging films is projected to be driven by expansion of the cosmetics industry. Barrier films in the cosmetics industry not only allow for the creation of attractive packaging designs but also help to protect products from atmospheric impacts by utilizing reusable films.
Pouches, sachets, shrink films, laminated tubes, and other plastic products are few of the common types of packaging used in the cosmetics industry. Consumers prefer laminated tubes for liquid products in the cosmetics industry since they are frequently utilized. These are few factors that are supporting development of the high barrier packaging films market.
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Competition Landscape: High Barrier Packaging Films Market
Key players operating in the high barrier packaging films market are Amcor plc, Sealed Air Corp, Glenroy, Inc., Winpak Ltd., Mondi Plc, Toray Plastics (America), Inc., Berry Global, Inc., Schur Flexibles GmbH, Huhtamaki Oyj, Jindal Poly Films Ltd., Uflex Ltd., Cosmo Films Ltd., Bischof & Klein SE & Co. KG, and Plastissimo Film Co., Ltd. among others.
Get More Insights into the High Barrier Packaging Films Market Report
Future Market Insights, in its new report, offers an unbiased and thorough analysis of the global high barrier packaging films market, analyzing historical demand from 2015 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections for high barrier packaging films based on the Film type (metalized films, clear films, organic coating films, inorganic oxide coating films), material type (plastic, aluminum, oxides), packaging type (pouches, bags, lids, shrink films, laminated tubes), end user (food, beverages, pharmaceuticals, electronic devices, medical devices, agriculture, chemicals), and regions.
High Barrier Film Packaging Market: Competitive Analysis
Market players are aggressively focusing on enhancing their global footprint by mergers & acquisitions (M&A), and enhancing product portfolios.
- In order to boost its ability to develop eco-friendly, clean, safe liners, Mondi PLC has set up its new unit in Styria to develop high-barrier, side-folded tubes for FIBCs. This further enables the company to make these films in several structures, from PE/EVOH to seven-layered PE/PA/EVOH, and PE to PE/PA structures.
- Amcor has developed AmLite Ultra Recyclable prepared from more sustainable high-barrier polyolefin film. The new films package a variety of food, pharmaceutical, and home, and personal care products, and are able to be reprocessed in existing polyolefin recycling streams.
- Huhtamaki has begun its flexible packaging production in Egypt. The investment marks its entrance into the production of flexible packaging in Africa. Additionally, the manufactured products will be exported to Europe and other African nations.
Major companies in the global market are
- Bemis Company, Inc.
- Amcor Limited (Australia)
- American Pouch
- Ampac Oliver-Tolas
- Sealed Air
- Krehalon
- Flair Flexible
- HPM Global, Inc.
- Constantia Flexibles
- Winpak Limited
- Janco Inc.
- MULTIVAC
- Wipak Group Dupont
- BERNHARDT Packaging
Other prominent companies include 3D Packaging, Sonoco, Prairie State Group, Perlen Packaging, Shako Flexipack, and ClearBags,.
High Barrier Film Packaging Market – Key Developments and Trends
Manufacturers are developing high barrier packaging films, especially for shelf-ready products, that offer ease of peel. For instance, Schur Flexibles Holding provides advanced high barrier packaging films for case-ready and processed products.
EVOH-derived shrink films are majorly preferred material, as they offer excellent protection from UV rays and extreme temperatures.
Manufactures all over the world are shifting to innovative packaging methods such as Modified Atmospheric Packaging (MAP), Aseptic Packaging, and Vacuum Skin Packaging, owing to greater benefits compared to traditional packaging methods.
Moreover, they are creating their proprietary packaging solutions such as Besela barrier film technologies that incorporate modified Poly Acrylic Acid(PAA) coating on PET base films.
Customer’s requirement for food with high quality and a longer shelf life has prompted the growth of progressively advanced multilayer film structures.
Reprocessing multi-material structures is an existing problem, as these are hard to isolate with the equipment installed in present-day materials recovery facilities (MRF). Conversely, new solutions are getting commercially accessible for reprocessing multilayer films.
High Barrier Film Packaging Market – Growth Restraints
While these packaging films have high application scope in pharmaceutical packaging and food & beverage packaging, the plastic waste generated worldwide has compelled governments in several nations to ban usage of plastic films.
Globally, about 348 million tons of plastic is produced, of which, merely 10% is goes to recycling plants. Moreover, recycling of high barrier film packaging is cost-intensive and complicated, thus, narrowing the profit margins of manufacturers.
COVID-19 Impact Analysis
The COVID-19 pandemic has raised concerns regarding hygiene and safety of food products and drugs. Although for the short term, the sustainability aspect of various packaging companies is receiving a lower priority.
The pandemic is bringing back the single-use plastic packaging to the forefront due to their better hygiene measure, however, outweighing concerns about recyclability and plastic-waste leakage into the oceans and lands.
As such, players in high barrier film packaging are rethinking sustainability along with hygiene and consumers’ safety concerns. Choice of materials and packaging designs are expected to have a measurable impact on the high barrier film packaging market amid the pandemic.
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High Barrier Film Packaging Market – Region-wise Analysis
Europe and North America would remain at the driver’s seat in the high barrier film packaging market, based on manufacturing capacity and demand. Evolving trends such as on-the-go flexibility and at-home usage are fueling the demand for packaged foods and beverages in both the regions.
Presence of well-established digital ecosystem continues to attract stakeholders. Furthermore, the flexible packaging industries in North America and Europe are outpacing the rigid packaging market, given rising concerns regarding ecological burden.
Moving ahead, the high barrier film packaging market in Asia Pacific (APAC) is expected to witness rapid, owing to surging consumption of ready-to-eat (RTE) food products.
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