Packaging Barrier Films Market Soars: Projected to Reach US$ 26.3 Billion by 2030 | FMI

Embarking on a noteworthy journey, the global packaging barrier films market is poised for substantial growth from 2022 to 2032, with an anticipated valuation of US$ 26.3 billion by 2030, driven by a commendable Compound Annual Growth Rate (CAGR) of 3.4%. This trajectory underscores the industry’s resilience and adaptability, aligning with evolving market demands. The market’s ascent signifies the increasing reliance on advanced barrier film technologies across various sectors, amplifying the need for protective packaging solutions. As industries prioritize sustainability and product protection, the packaging barrier films market is positioned to play a pivotal role in shaping the future of packaging innovations.

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.

Navigating a dynamic trajectory, the Asia-Pacific region is poised for a fluctuating scenario in the packaging barrier films market during the forecast period, influenced by the escalating consumerism particularly in China and India. Reinforcing this trend, the Organization for Economic Co-operation and Development projects a substantial growth of 230% and 232% in the pharmaceutical sector for these two nations. This surge in pharmaceutical activities is expected to fuel heightened demand for blister base films in the Asia-Pacific. Meanwhile, North America and Europe maintain a steady course, contributing to the global landscape of the packaging barrier films market with their consistent market dynamics.

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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:

1. Biodegradable Films: Manufacturers have developed biodegradable barrier films that break down naturally, reducing their impact on landfills and marine environments.
2. Recycling Initiatives: Companies have initiated recycling programs to promote the collection and recycling of used barrier films, diverting them from landfills.
3. Renewable Resources: Utilizing renewable resources, such as plant-based polymers, for barrier film production reduces dependence on fossil fuels and lowers the carbon footprint.
4. 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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