The global high barrier packaging films market is expected to surpass US$ 18.5 billion in 2023, and is likely to witness a moderate CAGR of 3.9% in the estimated time frame (2023 to 2033). The market is projected to be valued at US$ 33.6 billion by 2033.
The High Barrier Film Packaging Market is a rapidly growing industry, driven by the increasing demand for high-quality packaging solutions in various sectors such as food and beverages, pharmaceuticals, and personal care products. The demand for these films is driven by their superior barrier properties that help to maintain the freshness and quality of the products inside, extending their shelf life and reducing the need for preservatives.
High Barrier Film Packaging is a type of flexible packaging that is used to protect products from external factors such as oxygen, moisture, light, and contaminants. These films are made using a combination of different materials such as polyethylene, polypropylene, polyester, nylon, and aluminum foil. The choice of materials depends on the specific needs of the product being packaged.
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High Barrier Film Packaging Market – Key Developments and Trends
Manufacturers are developing high barrier packaging films, especially for shelf-ready products, that offer ease of peel. For instance, Schur Flexibles Holding provides advanced high barrier packaging films for case-ready and processed products.
EVOH-derived shrink films are majorly preferred material, as they offer excellent protection from UV rays and extreme temperatures.
Key Drivers of the High Barrier Film Packaging Market
Several factors are driving the growth of the High Barrier Film Packaging Market. These include:
- Increasing demand for packaged food and beverages
- Growing adoption of flexible packaging solutions in the healthcare and personal care industries
- Rising awareness of the benefits of high barrier films in extending the shelf life of products
- Increasing focus on sustainability and reducing food waste
Key Challenges Facing the High Barrier Film Packaging Market
Despite the growth opportunities, the High Barrier Film Packaging Market also faces several challenges. These include:
- High cost compared to traditional packaging solutions
- Difficulty in recycling and disposal of high barrier films
- Limited availability of raw materials
- Strict regulations and quality standards
High Barrier Film Packaging Market – Growth Restraints
While these packaging films have high application scope in pharmaceutical packaging and food & beverage packaging, the plastic waste generated worldwide has compelled governments in several nations to ban usage of plastic films.
Globally, about 348 million tons of plastic is produced, of which, merely 10% is goes to recycling plants. Moreover, recycling of high barrier film packaging is cost-intensive and complicated, thus, narrowing the profit margins of manufacturers.
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High Barrier Film Packaging Market – Region-wise Analysis
Europe and North America would remain at the driver’s seat in the high barrier film packaging market, based on manufacturing capacity and demand. Evolving trends such as on-the-go flexibility and at-home usage are fueling the demand for packaged foods and beverages in both the regions.
Presence of well-established digital ecosystem continues to attract stakeholders. Furthermore, the flexible packaging industries in North America and Europe are outpacing the rigid packaging market, given rising concerns regarding ecological burden.
Moving ahead, the high barrier film packaging market in Asia Pacific (APAC) is expected to witness rapid, owing to surging consumption of ready-to-eat (RTE) food products.
High Barrier Film Packaging Market: Competitive Analysis
Market players are aggressively focusing on enhancing their global footprint by mergers & acquisitions (M&A), and enhancing product portfolios.
- In order to boost its ability to develop eco-friendly, clean, safe liners, Mondi PLC has set up its new unit in Styria to develop high-barrier, side-folded tubes for FIBCs. This further enables the company to make these films in several structures, from PE/EVOH to seven-layered PE/PA/EVOH, and PE to PE/PA structures.
- Amcor has developed AmLite Ultra Recyclable prepared from more sustainable high-barrier polyolefin film. The new films package a variety of food, pharmaceutical, and home, and personal care products, and are able to be reprocessed in existing polyolefin recycling streams.
- Huhtamaki has begun its flexible packaging production in Egypt. The investment marks its entrance into the production of flexible packaging in Africa. Additionally, the manufactured products will be exported to Europe and other African nations.
Major companies in the global market are
- Bemis Company, Inc.
- Amcor Limited (Australia)
- American Pouch
- Ampac Oliver-Tolas
- Sealed Air
- Krehalon
- Flair Flexible
- HPM Global, Inc.
- Constantia Flexibles
- Winpak Limited
- Janco Inc.
- MULTIVAC
- Wipak Group Dupont
- BERNHARDT Packaging
Other prominent companies include 3D Packaging, Sonoco, Prairie State Group, Perlen Packaging, Shako Flexipack, and ClearBags,.
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High Barrier Film Packaging Market – Segment Analysis
The global market is segment on the following basis:
By Technology
- Polymer Nano Composites
- ORMOCER
- Multi-layer film
- Besela barrier film
- Sustainable barrier coatings
- Melamine-based barrier coatings
- Others
By Material
- Biaxial oriented polypropylene
- Cast polypropylene
- Biaxial oriented polyethylene terephthalate
- Biaxial oriented polyamide
- Transparent high barrier films
- Low-density polyethylene
- Linear low-density polyethylene
- Polyvinyl chloride
- Metalized films
- Ethylene vinyl alcohol
- Polyvinyidene chloride
- Polyacrylonitrile
- Cyclic olefin copolymer
- Polyvinyl alcohol
- Inorganic
- Silicon oxide, and aluminium oxide
- Nylon (cast and biax) and vinyl
By Product Type
- Pouches & bags
- Tray lidding film
- Wrapping film
- Stand-up pouches
- Forming webs
- Blister packs
By Application
- Food & beverage
- Pharmaceutical & medical
- Personal care & cosmetics
- Other applications
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