Between 2022 and 2032, the global packaging barrier films market is poised for impressive growth, with projections indicating it will reach a substantial value of US$ 26.3 billion by 2030, showcasing a steady compound annual growth rate (CAGR) of 3.4%.
The Asia-Pacific region is poised for a dynamic shift in the packaging barrier films market during the forecast period. This transformation can be attributed to the relentless rise of consumerism in countries such as China and India. Furthermore, according to the Organization for Economic Co-operation and Development (OECD), these two nations are projected to experience remarkable growth of 230% and 232%, respectively, in their pharmaceutical sectors. Consequently, there is a strong indication that blister base films will see a substantial increase in demand throughout the Asia-Pacific region.
In contrast, North America and Europe are maintaining a stable trajectory in this market. The steadfast nature of the packaging barrier films sector in these regions may be due to factors such as mature consumer markets and well-established industrial practices, which contrast with the rapid changes and emerging consumerism seen in the Asia-Pacific. These dynamics suggest a shifting global landscape in the packaging barrier films industry with the Asia-Pacific region taking the lead.
Request Free Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5000
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.
Competitive Landscape
To maintain a competitive advantage over local counterparts, major players in the packaging barrier films market are actively pursuing both organic and inorganic growth strategies. These encompass a range of initiatives such as mergers, acquisitions, the introduction of new products, partnerships, and joint ventures, all aimed at sustaining their market presence and relevance.
- Innovia Films, in June 2019, did come up with its new-fled series of transparent high-barrier packaging films known as “Strata SL”. As per the company, Strata SL does provide barriers to mineral oils, aroma, and even oxygen, even when the humidity levels are high. This ascertains better shelf life and cuts down on the wastage of food. The glossy film is also compliant with food contact and free of chlorine.
- Cosmo Films Limited, in April 2019, came up with a CPP (cast polypropylene) film for packaging applications that require a higher barrier to oxygen and moisture along with hot track properties. They are best suited for cookies, biscuits, crackers, chocolates, snack food applications, and ice creams.
Sustainability in the Packaging Barrier Films Market
With increasing environmental concerns, sustainability has become a key focus in the packaging industry. Packaging Barrier Films have adapted to this paradigm shift through several sustainable practices:
- Biodegradable Films: Manufacturers have developed biodegradable barrier films that break down naturally, reducing their impact on landfills and marine environments.
- Recycling Initiatives: Companies have initiated recycling programs to promote the collection and recycling of used barrier films, diverting them from landfills.
- Renewable Resources: Utilizing renewable resources, such as plant-based polymers, for barrier film production reduces dependence on fossil fuels and lowers the carbon footprint.
- Life Cycle Assessment: Life cycle assessment of barrier films allows for a better understanding of their environmental impact, enabling continuous improvement in their sustainability features.
Ready to Learn About Our Approach? Explore Our Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5000
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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
