Global High Barrier Packaging Films Market: Snapshot
Numerous local and international players, competing against one another on the basis of price and product differentiation, makes the global high barrier packaging films market fragmented and competitive. In the next couple of years, the competition is predicted intensify further because of increasing number of mergers and acquisitions, product extensions, and technological progress.
Serving to drive growth in the global high barrier packaging films market is the soaring sales of packaged food. This is mainly on account of growing consumption of diary products and ready-to-eat meals. Further, growing health awareness among the consumers have generated substantial demand for convenient form of flexible packaging such as high barrier packaging films, which also help to increase the shelf life of the product.
Countering the growth in the global high barrier packaging films market, on the other hand, is the surging uptake of substitutes such as liquid cartons. Also, recycling and disposing of multilayered films poses a challenge for manufacturers. This is because recycling costs more than making new ones and dumping barrier films leads to environmental issues.
A report by Transparency Market Research predicts the global high barrier packaging films market to rise at a 7.8% CAGR from 2017 to 2027 to become worth US$43.08 bn by 2027. Consumption of global high barrier packaging films is expected to rise to 4,421000 tonnes by 2027.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, FAO, Packaging Digest, and Hoover’s, and company annual reports and publications.
Global High Barrier Packaging Films Market: Competitive Analysis
The report provides detailed competitive and company profiles of key participants operating in the Global market. Key players in global high barrier packaging films include Amcor Limited, Bemis Company, Inc., Uflex Ltd., Sealed Air Corporation, Glenroy, Inc., Celplast Metallized Products Ltd., Winpak Ltd., The Mondi Group plc, Toray Plastics (America), Inc., Berry Global Group, Inc., LINPAC Packaging Limited, Schur Flexibles Hoilding GesmbH, Huhtamaki Oyj, Ampac Hoilding LLC, Bischof & Klein GmbH & Co. KG, Plastissimo Film Co., Ltd., DUNMORE Corporation, Polyplex Corporation Limited, ACG Worldwide Private Limited.
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High Barrier Packaging Films market segmentation is below
Global High Barrier Packaging Films Market, by Films Type
- Metallized Films
- Clear Films
- Organic Coating Films
- Inorganic Oxide Coating Films
Global High Barrier Packaging Films Market, by Material
- Polyethylene (PE)
- Polypropylene (PP)
- Ethylene Vinyl Alcohol (EVOH)
- Polyvinylidene Chloride (PVDC)
- Polyamide (Nylon)
- Polyethylene Naphthalate (PEN)
- Others (LCD, PS, PVC, PLA, PA)
- Aluminum Oxide
- Silicon Oxide
Global High Barrier Packaging Films Market, by End-User Base
- Meat, Seafood and Poultry
- Baby Food
- Bakery and Confectionery
- Pet Food
- Dairy Food
- Ready to Eat Meals
- Other Food
- Alcoholic Beverages
- Non Alcoholic Beverages
- Electronic Devices
- Medical Devices
Global High Barrier Packaging Films Market, by Packaging Type
- Shrink Films
- Laminated Tubes
Global High Barrier Packaging Films Market, by Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East and Africa