CLEVELAND, May 11, 2017 /PRNewswire/ -- Demand for oxygen and other gas barrier films is forecast to increase 4.1% annually to $4.1 billion in 2021. Growth will be driven by demand for higher performing gas barriers that prolong product lifespan. Gains will be restrained by the relatively high cost of manufacturing new film structures, which can sometimes involve investment in new processing machinery. These and other trends are presented in Barrier Films Market in the US, a new study from The Freedonia Group, a Cleveland-based industry research firm.
The food packaging market accounted for 77% of demand for oxygen and other gas barrier films in 2016. According to analyst Ellen Kriz, "Oxygen can induce food spoilage in a number of ways and otherwise damage the texture or visual appeal of almost any kind of food." Other applications for gas barrier films include pharmaceutical packaging, agricultural silage and fumigation films, and protective films for photovoltaic modules, flexible electronics, and other durable goods.
The pharmaceutical and medical products packaging market will see healthy growth through 2021 due to increased pharmaceutical shipments. Oxygen barriers protect the reactive constituents of medications and the nutritional content of vitamins and other supplements. Moreover, new drug formulations require higher barriers. For example, as the particle size of medications decreases to facilitate absorption in the body, a more robust oxygen barrier is required.
More information about the study is available at https://www.freedoniagroup.com/industry-study/barrier-films-market-in-the-us-by-type-market-and-resin-3513.htm
Related studies include:
- #3522 Converted Flexible Packaging Market in the US (May 2017)
- #3503 Poultry Packaging Market in the US (March 2017)
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Packaging studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group