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%.
Future Market Insights forecasts a comprehensive analysis and review of the dynamics shaping the packaging barrier films market. The market is primarily influenced by various industry factors, with specific attention to issues surrounding multi-layered barrier films and recycling challenges, which are expected to pose hindrances to its growth.
The packaging barrier films market is experiencing a transformative surge in the Asia-Pacific region, driven by the rising wave of consumerism, notably evident in economic powerhouses like China and India. According to projections from the Organization for Economic Co-operation and Development (OECD), both countries are expected to undergo substantial growth, with the pharmaceutical sectors in China and India poised to expand by 230% and 232%, respectively. This robust growth signifies a significant increase in demand for blister base films across the Asia-Pacific region.
In contrast, North America and Europe are charting a steady course in the packaging barrier films market. The resilience observed in these regions can be attributed to factors such as well-established industrial practices and mature consumer markets, providing a counterpoint to the rapid changes and emerging consumerism characterizing the Asia-Pacific landscape. These dynamics highlight a noteworthy global shift in the packaging barrier films industry, with the Asia-Pacific region emerging as the leader in this evolving market.
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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.
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.
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Key Segmentations
by Product:
- Pouches
- Bags
- Liners
- Lidding Films
- Blister Packs
- Wraps
by Material:
- Polyethylene (PE)
- Polyvinylidene Chloride
- Polyethylene Terephthalate (PET)
- Others
by End-use:
- Consumer Durables
- Chemicals
- Pharmaceuticals
- Food & Beverages
- Others
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.
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