The market for packaging barrier films is anticipated to expand significantly between 2022 and 2032, growing at a CAGR of 3.4% to reach US$ 26.3 Billion by 2030.
The Packaging Barrier Films Market has witnessed substantial growth in the past decade, driven by the increasing need for extended product shelf life, enhanced product safety, and improved visual appeal. These films are widely used in various industries such as food and beverage, pharmaceuticals, personal care, and electronics. With their exceptional barrier properties, packaging barrier films ensure the integrity and freshness of the packaged products, making them a preferred choice for both manufacturers and consumers.
The Importance of Packaging Barrier Films
Packaging barrier films serve as a protective shield for products, safeguarding them from external elements that can cause spoilage, contamination, or degradation. By forming an impermeable barrier, these films prevent the entry of moisture, oxygen, UV light, and odors, thus maintaining the product’s quality, flavor, aroma, and appearance. Additionally, they provide tamper-evident packaging, ensuring consumer confidence and product integrity.
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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.
Key Features and Benefits of Packaging Barrier Films
Packaging barrier films offer several features and benefits that make them a preferred choice for manufacturers. Some of the key features include:
- Barrier Protection: Packaging barrier films act as a shield, preventing the entry of oxygen, moisture, UV light, and other contaminants. This barrier protection helps in preserving the freshness, flavor, and quality of the packaged products.
- Extended Shelf Life: By creating an effective barrier, these films help extend the shelf life of perishable goods. This reduces product waste and enhances consumer satisfaction.
- Product Visibility: Transparent packaging barrier films allow consumers to visually assess the product quality, appearance, and freshness before making a purchase decision.
- Customizability: Packaging barrier films can be tailored to meet specific requirements such as thickness, barrier properties, printability, and size. This flexibility enables manufacturers to choose the most suitable film for their products.
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.
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Global Packaging Films Market Study and Findings
- Packaging barrier films are highly preferred in the pouches and shrink films packaging. Hence, these application segments are expected to account for around 58% of the collective market share by the end of forecast period.
- Food and beverages segment to account for significant uptake of packaging barrier films as demand for frozen food reaches all time high
- Pharmaceutical industry to contribute as hospital admissions remain high throughout the globe
- Emerging economies of India and China to be key raw material suppliers
- LDPE to remain highly used material as it offers exceptional barrier to moisture, strength, and flexibility
Packaging Barrier Films Market Trends and Innovations
The Packaging Barrier Films Market is dynamic, with constant advancements and innovations. Here are some of the notable trends shaping the industry:
- Sustainable Films: With increasing environmental concerns, there is a rising demand for sustainable packaging solutions. Manufacturers are focusing on developing packaging barrier films that are eco-friendly, recyclable, and biodegradable.
- Active Packaging: Active packaging involves incorporating additives or technologies into packaging materials to enhance product protection. For example, oxygen scavengers, moisture absorbers, and antimicrobial agents are integrated into barrier films to extend shelf life and maintain product quality.
- Intelligent Packaging: The integration of smart technologies in packaging barrier films is gaining traction. These intelligent films can monitor product freshness, temperature, and tampering, providing real-time data to manufacturers and consumers.
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Key Segments Covered in Packaging Barrier Films Industry Research
Packaging Barrier Films Market by Product:
- Pouches
- Bags
- Liners
- Lidding Films
- Blister Packs
- Wraps
Packaging Barrier Films Market by Material:
- Polyethylene (PE)
- Polyvinylidene Chloride
- Polyethylene Terephthalate (PET)
- Others
Packaging Barrier Films Market by End-use:
- Consumer Durables
- Chemicals
- Pharmaceuticals
- Food & Beverages
- Others
Regional Insights
The Asia-Pacific is expected to witness a topsy-turvy situation in the packaging barrier films market in the forecast period. This could be attributed to the ever-increasing consumerism in countries like China and India. Additionally, according to the Organization for Economic Co-operation and Development, these two countries are bound to witness growth by 230% and 232% respectively in the pharmaceutical sector.
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