United Kingdom, August 30,2019- High Barrier Packaging Films Market Overview
High barrier packaging films increase the shelf life of products, protecting them from damaging elements such as moisture, gases, dust, etc., which can degrade the quality of products. As a result, high barrier films are extensively used in flexible packaging to ensure product integrity and maintain quality. These films are transparent and hence allow consumers to see wrapped products, which is a growing trend in the food industry.
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Considering the traction that the market is witnessing currently, Market Research Future (MRFR) in its recently published analysis asserts that the global high barrier packaging films market is forecasted to witness significant growth by 2023, posting a CAGR of 6.5 % throughout the anticipated period (2017 – 2023).
Major Players
Players leading the global high barrier packaging films market include
Bemis Company, Inc. (US)
Amcor Limited (Australia)
Ampac Packaging LLC (US)
Sealed Air Corporation (US)
The Mondi Group (Austria)
Constantia Flexibles Group GmbH (Austria)
Coveris Holdings SA (Luxembourg)
Berry Plastics Corporation (US)
Sonoco Products Company (US)
Huhtamaki Group (Finland)
Wipak Walsrode GmbH & Co. KG (Germany)
Printpack Inc. (US)
Sigma Plastics Group (US)
Linpac Packaging Limited (UK) among others.
Global High Barrier Packaging Films Market –Segmentations
For a better understanding, the report has been segmented into five key dynamics:
By Material : Polyvinyl Chloride, Polypropylene, Polyethylene, Ethylene Vinyl Alcohol, Low-Density Polyethylene, Linear Low-Density Polyethylene, and Transparent High Barrier Films, among others.
By Product : Bags & Pouches, Wrapping Film, and Tray Lidding Film, among others.
By Technology : Multi-Layer Film, Sustainable Barrier Coatings, and Besela Barrier Film, among others.
By Application : Food & Beverage, Pharmaceutical, and Personal care & cosmetics, among others.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
High Barrier Packaging Films Market – Regional Analysis
The Asia Pacific region due to its burgeoning food & beverages industry accounts for the largest share in the high barrier packaging films market, globally. The region is expected to retain its dominance over the global market throughout the forecast period.
Factors such as the increasingly lucrative opportunities in the packaging industry and the huge exports of fruits and vegetables, especially from China and India are fostering the growth of the regional market. Moreover, online food ordering business is taking its roots rapidly, especially in India, which in turn, substantiates the growth in the high barrier packaging films market.
The high barrier packaging films market in the North American region holds the second-largest share in the global market. Stringent government regulations for packaging of edible items and the growing demand for quality packaging are driving the growth of the regional market. Higher disposable income is a key driving force behind the significant demand for efficient packaging for food & beverages.
Europe high barrier packaging films market is emerging as a profitable market, globally. Changing lifestyles drive the growth of the regional market, increasing the demand for eCommerce and online food delivery market. Additionally, the demand for convenience packaging is allowing the High Barrier Packaging Films market in the region to grow rapidly.
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Global High Barrier Packaging Films Market– Competitive Landscape
Highly competitive, the high barrier packaging films market appears to be fragmented characterized by the presence of several large and small-scale players. These players incorporate strategic initiatives such as collaboration, acquisition, partnership, expansion, and technology launch to gain a competitive advantage in the market.
Manufacturers of these films employ continuous improvement strategies to upgrade products. To achieve this goal, they implement improvements and use advanced technologies. And, thus, meet the changing needs of the consumer. These players invest substantially in research and development projects and develop state-of-the-art equipment, facilities, advanced technology, and processes.
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