The packaging barrier films market is projected to be worth US$ 18.8 billion in 2024. A compound annual growth rate (CAGR) of 2.7% is anticipated for the industry between 2024 and 2034. The packaging barrier film industry value is expected to reach US$ 24.5 billion by the end of the forecast period. This growth trajectory underscores the escalating demand for packaging solutions capable of providing effective barriers against moisture, oxygen, and other environmental factors, especially in industries such as food and beverage, pharmaceuticals, and electronics. As manufacturers prioritize product safety, shelf-life extension, and sustainability, barrier films emerge as indispensable components in modern packaging strategies, poised to capture substantial market share in the coming decade.
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.
Request 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.
Key Drivers:
- Increasing Demand for Flexible Packaging: The growing preference for flexible packaging solutions across various industries, such as food and beverage, pharmaceuticals, and consumer goods, is driving the demand for packaging barrier films. These films offer superior protection against moisture, oxygen, and other environmental factors, thus extending the shelf life of products.
- Rising Consumer Awareness Regarding Food Safety: Consumers are becoming more conscious about food safety and quality. Packaging barrier films help in maintaining the freshness and quality of food products by preventing contamination and spoilage, thereby driving their adoption.
- Advancements in Packaging Technology: Ongoing advancements in packaging technology are leading to the development of innovative barrier films with enhanced properties, such as improved barrier performance, recyclability, and biodegradability. These technological innovations are stimulating market growth by offering solutions that meet evolving industry needs.
- Stringent Regulations on Packaging Materials: Government regulations and policies aimed at reducing food wastage, promoting sustainable packaging practices, and ensuring product safety are driving the adoption of packaging barrier films. Compliance with regulatory standards is prompting manufacturers to invest in barrier film solutions that meet prescribed criteria.
- Growth of E-commerce and Online Retailing: The exponential growth of e-commerce and online retailing has increased the demand for effective packaging solutions to protect products during storage, transit, and delivery. Barrier films play a crucial role in safeguarding goods from external factors such as moisture, oxygen, and physical damage, thereby supporting the expansion of the packaging barrier films market.
Industry Restraints:
- High Cost of Barrier Films: The production of high-performance barrier films often involves complex manufacturing processes and the use of specialized materials, resulting in higher production costs. The cost factor can act as a restraint, especially for small and medium-sized enterprises (SMEs) with limited budgets, thereby limiting market growth to some extent.
- Environmental Concerns: While packaging barrier films offer significant benefits in terms of product protection and shelf life extension, their widespread use has raised concerns regarding environmental sustainability. The disposal of barrier films, particularly those made from non-biodegradable materials, contributes to plastic pollution and environmental degradation, leading to increased scrutiny and regulatory pressure on manufacturers.
- Challenges in Recycling and Disposal: The recycling and disposal of barrier films pose significant challenges due to their complex multi-layered structures and compatibility issues with existing recycling infrastructure. Limited options for recycling and the lack of widespread awareness about proper disposal methods hinder market growth and sustainability efforts.
- Emergence of Alternative Packaging Solutions: The emergence of alternative packaging solutions, such as compostable packaging, bio-based materials, and active packaging technologies, poses a competitive threat to traditional barrier films. These alternatives offer eco-friendly alternatives with comparable or superior barrier properties, thereby diverting demand away from conventional barrier films.
- Supply Chain Disruptions: The packaging industry, including the barrier films segment, is susceptible to supply chain disruptions caused by factors such as raw material shortages, transportation delays, and geopolitical uncertainties. Such disruptions can affect production schedules, lead times, and product availability, thereby impacting market growth and stability.
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.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/5000
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.
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
