Market Research Future published a research report on global high barrier packaging films market. As per MRFR Analysis, The High Barrier Packaging Films market is expected to grow at CAGR of around 6.2% during the period 2017 to 2023.
High barrier packaging films provide protection to sensitive material from damage stimulus such as moisture, oxygen, and dust, which can degrade quality of products. These films are a suitable substitute for food packaging. They increase shelf life, serve as printing substrate and reduce the need for preservatives. High barrier films in flexible packaging are often used to ensure product integrity and maintain quality in case of water permeation moisture, oil, oxygen, aroma, flavor, gas, and light. High barrier film packaging has major application in fast moving consumer goods and pharmaceutical products, which drives the growth of the market. However, fluctuating price of raw materials and expensive, may hamper the growth of the market.
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Key Players :
The prominent players in the global high barrier packaging films market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Ampac Packaging LLC (U.S.), The Mondi Group (Austria), Sealed Air Corporation (U.S.), Constantia Flexibles Group GmbH (Austria), Berry Plastics Corporation (U.S.), Coveris Holdings S.A. (Luxembourg), Sonoco Products Company (U.S.), Wipak Walsrode GmbH & Co. KG (Germany), Huhtamaki Group (Finland), Printpack Inc. (U.S.), Linpac Packaging Limited (U.K.), and Sigma Plastics Group (U.S.).
Global high barrier packaging films market has been segmented as material, product, technology, application and region. On the basis of material, the market is segmented as Bio plastics, Polypropylene, Polyvinyl Chloride, Polyethylene, Ethylene Vinyl Alcohol, Low-Density Polyethylene and Linear Low-Density Polyethylene, Transparent high barrier films and others. Polyethylene is the largest and the fastest growing of all material segments, and is expected to be the fastest growing material segment. Majority of the end users use LDPE for high barrier packaging films. It has numerous benefits such as ease of processing, barrier to moisture, strength/toughness, flexibility, and ease of sealing. Transparent high barrier films are expected to gain significant share during the forecast period Extensive research and development, and continuous product development for advanced packaging, are fuelling the transparent high barrier films segment growth. PVC is a dense material. It is considered a common material in India, when clarity is an important selection criterion, particularly for consumer packaging.
On the basis of technology, the market has been segmented as multi-layer film, sustainable barrier coatings, Besela barrier film, and others. On the basis of applications, the market has been segmented as food & beverage, pharmaceutical, personal care & cosmetics, and others. Food & Beverages dominates the application segment of the market and is expected to be the fastest growing application segment. Increasing population along with growing demand for food and beverages, drives the growth of the market. The food products packaged using these films, contain less preservatives than canned food products, which has increased their acceptance among health-conscious consumers. Transparent barrier packaging film is a preferred material for the packaging of meat, sausages, vegetable, and some beverages in the food industry. Pharmaceutical application is expected to contribute significantly during the forecast period.
Geographic Overview :
On the basis of regions, global high barrier packaging films market is segmented as North America, Europe, Asia Pacific and Rest of the World (RoW). Asia Pacific dominates the global high barrier packaging films market, and is followed by North America. It is expected to be the fastest growing region in the market. Growing industrialization, and urbanization in developing countries such as China and India, provides boost to the market. Additionally, the availability of raw materials and low labor cost, together form a positive influence on the market growth. China accounts for the largest share of the Asia Pacific high barrier packaging films market.
North America & Europe are the other major regions for the market. Increasing demand for consumer goods, and packaged food in these regions, drive the growth of the market. Additionally increasing applications for high barrier film packaging in the regions, also boosts the growth of the market. Latin America and Middle-East & Africa regions are also expected to have high growth during the forecast period, due to rising demand from the e-commerce sector.
Hence, global high barrier packaging films market is expected to grow at a CAGR of 6.2% during the forecast period.
Detail Analysis of “High Barrier Packaging Films Market Global Research Report – Forecast to 2023” @ https://www.marketresearchfuture.com/reports/high-barrier-packaging-films-market-5028
The report for Global High Barrier Packaging Films Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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