The barrier packaging market is on a steady growth trajectory, with a projected CAGR of 5.5% from 2022 to 2032. This market is set to reach a substantial value of US$ 10.7 billion by 2032, compared to its worth of US$ 6.2 billion in 2022. The surge in demand for packaged food products, driven by effective product marketing and heightened awareness of hygiene standards, has significantly contributed to the rise in high-barrier packaging sales. Among the major sectors, the food and beverage industry emerges as the largest consumer of high-barrier packaging, closely followed by the pharmaceutical sector.
Get a Sample PDF of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2146
Innovations in barrier packaging solutions are increasingly adopted by businesses, including emerging brands, as they aim to meet evolving industry standards. Nanotechnology has played a pivotal role in revolutionizing barrier packaging. The integration of nanocomposites, such as montmorillonite clays, kaolinite, carbon nanotubes, and graphene nano-sheets, has made packaging both sustainable and advanced. This multidisciplinary approach, encompassing areas like packaging science, food science, sensor science, and nanotechnology, drives research and development efforts, further enhancing the appeal and effectiveness of barrier packaging solutions and ultimately boosting sales.
The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Barrier Packaging
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Barrier Packaging market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Barrier Packaging Market Takeaways and Projections
- The U.S. is expected to lead the North America Barrier Packaging market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Barrier Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Barrier Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Barrier Packaging market for the forecast period 2022-2032.
- Barrier Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Barrier Packaging for the assessment period. As per the study, the demand for Barrier Packaging will grow at a robust CAGR between 2022 and 2032.
- Barrier Packaging Market Trend Analysis: The latest study by FMI on the Barrier Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Barrier Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Request For Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-2146
Barrier Packaging market by Category
By Material, Barrier Packaging market is Segmented as:
- Plastic
- Paper
By Application, Barrier Packaging market is Segmented as:
- Bags & Pouches
- Films & Wraps
- Tubes
- Cups & Lids
- Trays & Clamshells
- Tapes & Labels
- Blisters
By End Users, Barrier Packaging market is Segmented as:
- Food & Beverage
- Pharmaceutical
- Cosmetics & Personal Care
- Homecare
- Electrical & Electronics
- Other Consumer Durables
By Region, Barrier Packaging market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
Contact:
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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
