The global vapor barrier films market is anticipated to reach a valuation of US$ 24.2 billion in 2023, driven by innovations in material science. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.9% between 2023 and 2033, and reaching a total valuation of approximately US$ 45.1 billion by 2033.
The growth of e-commerce and online retail has revolutionized the way consumers shop and receive products, leading to significant changes in the packaging industry. The need for reliable and protective packaging solutions has become paramount, as more consumers opt for the convenience of online shopping. Vapor barrier films have emerged as a crucial component in addressing one of the most common challenges in product storage and transportation: moisture damage.
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The booming e-commerce industry has underscored the significance of moisture protection in packaging materials. Vapor barrier films are increasingly utilized in packaging solutions to safeguard products during storage and transportation. Vapor barrier films become essential in preventing moisture-related damage and ensuring customer satisfaction, as consumers demand intact and high-quality products delivered to their doorsteps.
Key Takeaways from the Market Study
- Global vapor barrier films market was valued at US$ 22.8 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.0%.
- Asia Pacific is expected to hold a dominant CAGR of 6.3% during the forecast period.
- By material, polyethylene (PE) segment is expected to constitute a CAGR of 6.3% in 2033.
- On the basis of end use industry, building & construction segment is expected to dominate the market with a CAGR of 6.3% in 2033.
- From 2023 to 2033, vapor barrier films market is expected to flourish at a CAGR of 6.4%.
- By 2033, the market value of vapor barrier films is expected to reach US$ 45.1 billion.
Infrastructure development, across the globe, is a major factor that is expected to propel the growth of the vapor barrier films market in the near future, remarks an FMI analyst.
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Competitive Landscape
Prominent players in the vapor barrier films market are Glenroy Inc., Celplast Metallized Product Ltd., Polifilm Group, ProAmpac Holdings, Optimum Plastics, Inc., 3M Company, Amcor Limited, SAES Getters S.p.A., Kalliomuovi Oy, GLT Products, and Layfield Poly Films Ltd. among others.
Recent Developments:
- In 2023, Toppan Printing acquired InterFlex Group, a global flexible packaging converter.
- In 2022, QIKE Technology Co., Ltd. launched its new high-performance water vapor barrier film, QIKE-WPB-100.
- In 2021, Mitsui Chemicals Tohcello launched its new line of high-barrier films for flexible packaging, Mitsui Tohcello™ Barrier Film.
- In the same year, Jindal Poly Films announced the expansion of its production capacity for high-barrier films.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global vapor barrier films market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
Key Segments Profiled In The Global Vapor Barrier Films Market
By Material:
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Others
By Thickness:
- Below 5 mil
- 5 mil – 10 mil
- 10 mil – 15 mil
- 15 mil and Above
By End-use Industry:
- Chemicals
- Automotive
- Food & Beverages
- Building & Construction
- Pharmaceuticals & Healthcare
- Electrical & Electronics
- Other Industries
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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