The market for packaging barrier films is anticipated to expand significantly between 2022 and 2032, growing at a CAGR of 3.4% to reach US$ 26.3 Billion by 2030.
Packaging Barrier Films Market is a rapidly expanding sector, catering to the diverse needs of industries ranging from food and beverages to pharmaceuticals and electronics. These films are specifically designed to provide a barrier against harmful elements that could potentially degrade the quality and shelf life of products. By preventing the permeation of moisture, oxygen, and other contaminants, packaging barrier films ensure the preservation and protection of goods throughout the supply chain.
The justification for these films has grown stronger over time because to the development of durable materials that shield contents from oxygen and other gases. Barrier packing films are a great option because they don’t react with packaged food.
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Analysts project that meat and fish will be the growing end use of packaging barrier films are they have the least oxygen transmission rate. The growing consumption of frozen food, lifestyle that dictate easting convenient food, and booming restaurant industry are expected to fuel the growth of this market in the coming years.
List of Key Players Covered in Packaging Barrier Films market are:
- Mondi Plc
- Huhtamaki Oyj
- Winpak Ltd.
- Atlantis Pal Co. Ltd.
- Glenroy, Inc.
- Uflex Ltd.
- Plastissimo Film Co., Ltd.
- Bischof & Klein GmbH
- Ampac Holdings, LLC
- Schur Flexibles Holding GmbH
- Linpac Packaging Ltd.
- Clondalkin Group Holdings B.V.
- Accredo Packaging, Inc.,
- Sigma Plastics Group, Inc.
- Krehalon Industrie B.V.
- Supravis Group S.A.
- Sudpack Verpackungen GmbH & Co. KG
- Flexopack SA
- Cosmo Films Ltd.
- Jindal Poly Films Ltd.
“Packaging barrier films market is expected to see a remarkable rise in the coming years as food consumption patterns change drastically. With increasing investments in research and development to manufacture stronger films, manufacturers are expected to lure bigger consumer base. In the coming years, manufacturers are expected to focus on building a circular economy by ensuring these films are recycled and reused,” says FMI analyst.
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Global Packaging Films Market Study and Findings
- Packaging barrier films are highly preferred in the pouches and shrink films packaging. Hence, these application segments are expected to account for around 58% of the collective market share by the end of forecast period.
- Food and beverages segment to account for significant uptake of packaging barrier films as demand for frozen food reaches all time high
- Pharmaceutical industry to contribute as hospital admissions remain high throughout the globe
- Emerging economies of India and China to be key raw material suppliers
- LDPE to remain highly used material as it offers exceptional barrier to moisture, strength, and flexibility
Emerging Trends in Packaging Barrier Films Market
1. Enhanced Sustainability Measures
Sustainable packaging solutions have gained significant momentum in recent years, driven by growing environmental concerns. The packaging barrier films market is witnessing a shift towards eco-friendly alternatives, such as biodegradable films and compostable materials. These advancements not only contribute to reducing carbon footprints but also appeal to environmentally conscious consumers.
2. Innovative Barrier Technologies
Advancements in materials science and technology have paved the way for the development of innovative barrier technologies. Manufacturers are investing in research and development to create films with superior barrier properties, ensuring extended product freshness and shelf life. These advancements enable companies to meet the evolving demands of consumers and maintain a competitive edge in the market.
3. Active Packaging Solutions
Active packaging goes beyond passive protection and incorporates functionalities that actively interact with the packaged product. This includes incorporating antimicrobial agents, oxygen scavengers, and moisture absorbers within the barrier films. Active packaging solutions help to preserve product quality, enhance safety, and extend the shelf life of perishable goods.
4. Increasing Applications in the Food and Beverage Industry
The food and beverage industry is one of the key sectors driving the demand for packaging barrier films. With consumers seeking convenience and quality, the industry is embracing innovative packaging solutions to meet these expectations. Packaging barrier films play a vital role in ensuring the integrity of packaged food and beverages, maintaining their freshness, and minimizing the risk of contamination.
5. Growing Demand in the Pharmaceutical Sector
In the pharmaceutical sector, maintaining the integrity of medications and healthcare products is paramount. Packaging barrier films provide an effective solution by preventing moisture and oxygen ingress, protecting pharmaceutical products from degradation. Additionally, these films offer tamper-evident features, ensuring product safety and authenticity.
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Key Segments Covered in Packaging Barrier Films Industry Research
Packaging Barrier Films Market by Product:
- Pouches
- Bags
- Liners
- Lidding Films
- Blister Packs
- Wraps
Packaging Barrier Films Market by Material:
- Polyethylene (PE)
- Polyvinylidene Chloride
- Polyethylene Terephthalate (PET)
- Others
Packaging Barrier Films Market by End-use:
- Consumer Durables
- Chemicals
- Pharmaceuticals
- Food & Beverages
- Others
Regional Insights
The Asia-Pacific is expected to witness a topsy-turvy situation in the packaging barrier films market in the forecast period. This could be attributed to the ever-increasing consumerism in countries like China and India. Additionally, according to the Organization for Economic Co-operation and Development, these two countries are bound to witness growth by 230% and 232% respectively in the pharmaceutical sector.
Packaging Barrier Films Market by Region:
- North America Packaging Barrier Films Market
- Latin America Packaging Barrier Films Market
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