The global high barrier packaging films market is expected to surpass USD 18.5 billion in 2023 and is projected to reach approximately USD 33.6 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 3.9% during the forecast period.
The market expansion is primarily fueled by the growing surge in e-commerce sales and a shift in consumer preference toward online shopping. As the convenience of online shopping continues to reshape consumer behavior, the demand for packaging solutions that ensure product safety and quality during transit is skyrocketing.
Online shopping has become an essential part of modern lifestyles, offering unmatched convenience. Consumers, especially working professionals, are increasingly opting for online purchases due to the flexibility it offers.
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The ability to order products anytime, anywhere, and from a vast range of options is contributing to the surge in e-commerce activity. As a result, e-commerce companies are prioritizing packaging solutions that can withstand the challenges of shipping, while ensuring product integrity.
High barrier packaging films are gaining popularity due to their unique characteristics, including tear resistance, flexibility, transparency, and tamper-proof properties. These films provide enhanced protection against environmental factors such as moisture, oxygen, and light, ensuring that products remain intact and fresh throughout the shipping process.
Their ability to prevent damage and safeguard products makes them the preferred choice for packaging by numerous e-commerce businesses.
The market for high barrier packaging films is anticipated to expand as supermarkets and hypermarkets continue to escalate in terms of number around the world. Rising demand for transparent and lightweight packaging materials, specifically for electronic devices such as mobile and laptops, as well as food products such as fruits, vegetables, and processed foods, will drive the market.
Due to their extended shelf life, ability to preserve food quality, and availability of cost-effective packaging solutions, high barrier packaging films are in high demand in hypermarkets and big retail chains.
Key Takeaways from High Barrier Packaging Films Market
- Organic coating films segment by film type is estimated to hold around 32.9% of the global high barrier packaging films market share by 2023.
- Based on material, plastic high barrier packaging films are anticipated to expand 2x the current value from 2023 to 2033.
- In terms of end user, the food category is expected to expand by 2x during the forecast period.
- By packaging type, the pouches segment is projected to expand 2.1x during the assessment period.
- The USA high barrier packaging films market is set to generate a share of around 11.9% in 2023.
“Rising demand for packaged and processed food items, as well as increasing awareness about the ability of high barrier packaging films to extend products’ shelf life would drive sales. Cost-effective and transparent films are set to be developed by manufacturers to broaden their portfolios,” says a lead analyst at Future Market Insights.
Use of High Barrier Packaging Films to Skyrocket among Cosmetics and Medical Device Companies
After the pandemic, customers have started to prioritize hygiene and cleanliness, which has had a positive impact on the global market for high barrier packaging films. Medical devices are packaged in high barrier packaging films as they shield these products from moisture during transportation and from damage.
Transparent, tear-resistant, and flexible high barrier packaging films provide enhanced device visibility. High barrier packaging films often serve as a shield and assure secure & safe transportation. Owing to their flexibility, durability, and low weight, high barrier packaging films are commonly used in the healthcare sector.
Demand for high barrier packaging films is projected to be driven by expansion of the cosmetics industry. Barrier films in the cosmetics industry not only allow for the creation of attractive packaging designs but also help to protect products from atmospheric impacts by utilizing reusable films.
Pouches, sachets, shrink films, laminated tubes, and other plastic products are few of the common types of packaging used in the cosmetics industry. Consumers prefer laminated tubes for liquid products in the cosmetics industry since they are frequently utilized. These are few factors that are supporting development of the high barrier packaging films market.
Competition Landscape: High Barrier Packaging Films Market
Key players operating in the high barrier packaging films market are Amcor plc, Sealed Air Corp, Glenroy, Inc., Winpak Ltd., Mondi Plc, Toray Plastics (America), Inc., Berry Global, Inc., Schur Flexibles GmbH, Huhtamaki Oyj, Jindal Poly Films Ltd., Uflex Ltd., Cosmo Films Ltd., Bischof & Klein SE & Co. KG, and Plastissimo Film Co., Ltd. among others.
High Barrier Packaging Films Market Outlook by Category
By Film Type:
- Metalized Films
- Clear Films
- Organic Coating Films
- Inorganic Oxide Coating Films
By Material Type:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Ethylene Vinyl Alcohol (EVOH)
- Polyethylene Terephthalate (PET)
- Polyvinylidene Chloride (PVDC)
- Polyamide (Nylon)
- Polyethylene Naphthalate (PEN)
- Others
- Aluminium
- Oxides
- Aluminium Oxide
- Silicon Oxide
- Others
By Packaging Type:
- Pouches
- Bags
- Lids
- Shrink Films
- Laminated Tubes
- Others
By End User:
- Food
- Meat, Seafood, and Poultry
- Baby Food
- Snacks
- Bakery and Confectionery
- Pet Food
- Dairy Food
- Ready to Eat Meals
- Other Food
- Beverages
- Alcoholic Beverages
- Non Alcoholic Beverages
- Pharmaceuticals
- Electronic Devices
- Medical Devices
- Agriculture
- Chemicals
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan Countries
- Baltic Countries
- Middle East and Africa
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 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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