Transparent Barrier Packaging Films Market Insight
The global transparent barrier packaging films market, of late, is witnessing an ascension in the revenue in support of its growing popularity in the urban areas. The global transparent barrier packaging films market assumes a robust growth by 5.45% CAGR during the forecast period (2017-2023) as some of the top factors from the packaging and transport industry. The study has also revealed a detailed segmental analysis, factors that are influencing the market, and inputs for an improved understanding of the market for the future.
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- Amcor Ltd. (Australia)
- Bemis Company, Inc. (U.S.)
- 3M Company (U.S.)
- Mitsubishi Plastic (Japan)
- AMPAC (U.S.)
- Berry Global, Inc. (U.S.)
- Innovia Films (U.K.)
- Toppan Printing Co., Ltd. (Japan)
- Daibochi Plastic & Packaging Industry Bhd (Malaysia)
- LINPAC Group (U.K.)
are some of the leading players operating in the global transparent barrier packaging films market.
Japan’s Toppan Printing added a polypropylene-based transparent barrier film and a transparent barrier film using a polyethylene (PE) substrate to its range of GL Barrier transparent vapour-deposited films.
Market Drivers & Trends
The shift of the cities with rapid urbanization in the developed regions, across the world, has led to the rise of global transparent barrier packaging films market, at present. With this, the change in the consumption pattern of processed food items and its increasing quantity has also contributed to the market’s growth, which will continue in the coming years.
At the same time, the growth of global transparent barrier packaging films market can subsequently be attributed to a surge in the consumption of ready to eat food products. It is the factor of quick consumption of food due to speedily changing lifestyle that has motivated transparent barrier packaging films to be in use prominently. Also, people are now exposed to disposable income, which has been increased with time has potentially boosted market growth.
On the flip side, the factor of rising competition from substitutes such as aluminum foil is the significant restraint that could hinder the market growth during its progression period.
The segmental analysis of global transparent barrier packaging films market has been analyzed over the segments such as material and end-users.
In terms of material: Polyvinylidene chloride (PVDC), ethylene vinyl alcohol (EVOH), polypropylene (PP), and others. Among these, PVDC segment held the largest market share in 2016 and now with the increasing popularity of PVDC film packaging in the food industry, the extended shelf life for food products is steadily forming a significant portion of food product manufacturers.
In terms of end-users, the food segment held the largest share in 2016, with the rising adoption of packaged food products across the globe. The food products that are packaged in films contain fewer preservatives compared to canned food products, which helps the health-conscious consumers from getting ill from unhygienic food products. In consumer goods, the products packed with transparent barrier packaging films have a longer shelf life, and are less prone to moisture and UV, thus serve the market well.
The region-wise study of the global transparent barrier packaging films market has been done among the regions of Asia-Pacific, North America, Europe, and Rest of the World.
Among these, the global transparent barrier packaging films market has witnessed the highest share in Asia-Pacific as the region is backing with surging demand for processed food, the rising purchasing power of consumers across the globe as well as the growth of countries like China and India. These factors are driving the growth of the market considerably. Besides, the mounting e-commerce industry and international trade are also to augment the demand for transparent barrier packaging films in the region.
Western Europe is also one of the most significant contributors to the global transparent barrier films market in support of demand and supply. During the forecast period, North America and Western Europe regional markets are touted to witness moderate growth and would exhibit global average growth, I the coming years, due to the rising consumer class and mounting consumption of packaged products in these regions.
Likewise, the considerable expansion of the food processing and pharmaceuticals industry in the MEA, Eastern Europe, and Latin America is also expected to improve demand for transparent barrier films in these regions.
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TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
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