Barrier Films Market Analysis, Size, Share, Growth, Trends,...

Barrier Films Market Analysis, Size, Share, Growth, Trends, Opportunities and Forecast

Posted 2024-03-11 05:39:26

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The most reliable source for CAGR numbers with fluctuations for the market throughout the 2023–2030 forecast period is an all-inclusive Barrier Films Market research. Using a thorough market research, it presents an overview of the industry's types and applications, highlighting important players and business resources. For a clear understanding of facts and figures, the statistical and numerical data are presented in a graphical manner. This market research report examines the main obstacles that could arise in the industry with regard to revenue, sales, exports, and imports. The Barrier Films Market document offers a comprehensive study of the primary elements impacting the Barrier Films Market market, along with a list of the top competitors and strategic insights.

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According to the Food and Agriculture Organization, the per capita consumption of meat by the year 2028 is projected to be around 35.1 Kg. This factor is bound to further proliferate the utilization of ideal packaging such as barrier films wherein polyethylene would be used. Moreover, with increased amount of population is largely ordering food at home, as a result the demand for the films mentioned above is bound to soar. Consequently, the demand for barrier films is anticipated to have massive growth, which will continue over the forecast period.

Data Bridge Market Research analyses that the barrier films market which was USD 23,747.62 million in 2022, would rocket up to USD 36,224.64 million by 2030, and is expected to undergo a CAGR of 5.42% during the forecast period of 2023 to 2030.

“Metalized Barrier Films” dominates the type segment of the barrier films market due to metalized barrier films are specially designed to preserve various types of products to provide a high barrier against oxygen and humidity in terms of ensuring extent shelf life for sensitive products. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Market Definition

Barrier films are impervious packaging solutions that are typically composed of single or multiple layers of flexible films, the material of which varies depending on the application. Barrier films consist of two layers: multiple layers and single layers. Multiple layers based barrier films are specially designed to achieve high-performance levels as compared to single layers based barrier films. Barrier films help to prevent quality deterioration; therefore these films are used to put pharmaceutical products under specific environmental conditions for increased shelf life.

Drivers

High Demand For Longer Shelf Life for Products

Barrier films extend product life and reduce the need for preservatives. The demand for barrier films is being driven by the consequent demand for convenient food packaging. Barrier films also serve as a printing substrate, enhancing the product's aesthetic appeal. The food and beverage industry is shifting away from traditional packaging formats and toward lightweight, transportable packaging. The barrier films help meet this demand because they are lighter than rigid packaging and eliminate the use of glass and cans, which add weight to the packaging.

Opportunity

Production of Biodegradable Barrier Films

Furthermore, the initiatives of producing biodegradable and renewable cellulose-based barrier films in order to reduce the environmental impact by the market players extend profitable opportunities to the market players in the forecast period of 2023 to 2030. The environmental impact of packaging is under increasing scrutiny. The companies take these environmental concerns into account and reduce the amount of polymer used without compromising product performance.

Recent Development

In September 2020, Amcor plc has developed the world's first recyclable flexible packaging, allowing the recycling of various consumer products such as ready meals, baby foods, pre-cooked soups, and many more. The new product development has required dedicated research and investment. The features of new product are increased shelf life and sustainability. According to the company, the new product development will give it good recognition in the market

Global Barrier Films Market Scope

The global barrier films market is segmented on the basis of type, material type, layers, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Metalized Barrier Films
Transparent Barrier Films
White Barrier Film

Material Type

Polyethylene Teraphthalate (PET)
Polyethylene (PE)
Polypropylene(PP)
Polyamides(PA)
Ethylene Vinyl Alcohol (EVOH)
Linear Low-Density Polyethylene (LLDPE)
Others

Layers

Multiple Layers
Single Layers

Application

Food and Beverage
Pharmaceutical
Electronics
Agriculture
Others

Distribution Channel

Supermarkets/Hypermarkets
Specialty Stores
E-Commerce
Others

Some of the major players operating in the global barrier films market are:

Amcor plc (Switzerland)
Mondi (U.K.)
Huhtamaki (Finland)
Sealed Air (U.S.)
Jindal Poly Films Limited (India)
Toppan Inc., (Japan)
Kureha Corporation (Japan)
HPM Global, Inc. (South Korea)
Flair Flexible Packaging Corporation (U.S.)
Constantia Flexibles (Austria)
MULTIVAC (Germany)
DuPont (U.S.)
Wihuri Group (Finland)
BERNHARDT Packaging & Process (France)
Borealis AG (Austria)
Uflex Limited (India)

Key questions answered in the Barrier Films Market are:

What is Barrier Films Market?
What was the Barrier Films Market size in 2022?
What are the different segments of the Barrier Films Market?
What growth strategies are the players considering to increase their presence in Barrier Films Market?
What are the upcoming industry applications and trends for the Barrier Films Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Barrier Films Market?
What major challenges could the Barrier Films Market face in the future?
What segments are covered in the Barrier Films Market?
Who are the leading companies and what are their portfolios in Barrier Films Market?
What segments are covered in the Barrier Films Market?
Who are the key players in the Barrier Films Market?