According to the report, the Global barrier Films Market accounted for $30.2 billion in 2019 and is expected to reach $58.43 billion by 2027, growing at a CAGR of 8.6% during the forecast period.
Some of the key factors propelling the market growth include increasing demand for barrier films from food & beverage sector in order to increase product shelf life, increasing demand for customer-friendly packaging, and growing number of retail chains in developing countries. However, increasing environmental concerns for plastics is likely to hamper the market.
Barrier films involve an integral part of food packaging solutions mainly thin plastic based products. It holds application in food type and products such as bakery, pet food, sugar confectionery, dehydrated food and beverage including chips and chocolates. In different products, unless there is good seal integrity there is no need of using a barrier film. Barrier films are used mainly to extend the shelf life and for protection of food products from various external influences providing oxygen and moisture barriers. It holds the main use in the packaging of products.
By type, inorganic oxide coating films segment of the barrier films market is projected to grow at the significant rate during the forecast period, owing to the superior properties of EVOH that include improved flexibility and excellent barrier against oxygen, nitrogen, and carbon dioxide. PVDC prevents oxidation, moisture loss, and aroma and odor transfer. These characteristics of EVOH and PVDC make them suitable materials for packaging applications, especially in the food & beverage, pharmaceutical, and agriculture industries, thereby contributing to the growth of the inorganic oxide coating films segment.
On the basis of geography, the Asia-Pacific region is expected to have considerable market growth during the forecast period, due to growing demand from agriculture and pharmaceutical industries and presence of major manufacturers in economies in this region. Moreover, rapidly increasing medical tourism industry in various countries in this region is resulting in high demand for barrier films for manufacturing pharmaceutical products, which is expected to support growth of the market in Asia-Pacific to a significant extent.
Some of the key players in barrier Films Market include Sealed Air Corporation, Uflex Limited, Atlantis-Pak Co. Ltd., Amcor Limited, bemis Company, Inc., Mitsubishi Plastics, Inc., berry Global, Inc., Toppan Printing Co. Ltd., Huhtamaki Oyj, Dai Nippon Printing, Ultimet Films Limited, DuPont Teijin Films, Toray Advanced Film, Schur Flexibles Group, Mondi, Winpak Ltd., 3M, FUJIFILM, Ampac Holdings, LLC, and Flexopack.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 Research Approach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions
7 Global Barrier Films Market, By Packaging 7.1 Introduction 7.2 Blister Base Films 7.3 Wrapping Films and Forming Webs 7.4 Bags 7.5 Tray Lidding Films 7.6 Pouches
8 Global Barrier Films Market, By Contaminant Type 8.1 Introduction 8.2 Corrosion 8.3 Moisture
9 Global Barrier Films Market, By End-user 9.1 Introduction 9.2 Pharmaceutical and Healthcare 9.3 Agriculture 9.4 Personal Care and Home Care 9.5 Electronics 9.6 Food and Beverage 9.6.1 Dehydrated Food and Beverage 9.6.2 Bakery and Confectionery 9.6.3 Animal Food 9.7 Consumer Goods Industry 9.8 Medical Devices 9.9 Chemicals
10 Global Barrier Films Market, By Sales Channel 10.1 Introduction 10.2 Distribution Channel 10.3 Direct Channel
11 Global Barrier Films Market, By Geography 11.1 Introduction 11.2 North America 11.2.1 US 11.2.2 Canada 11.2.3 Mexico 11.3 Europe 11.3.1 Germany 11.3.2 UK 11.3.3 Italy 11.3.4 France 11.3.5 Spain 11.3.6 Rest of Europe 11.4 Asia-Pacific 11.4.1 Japan 11.4.2 China 11.4.3 India 11.4.4 Australia 11.4.5 New Zealand 11.4.6 South Korea 11.4.7 Rest of Asia-Pacific 11.5 South America 11.5.1 Argentina 11.5.2 Brazil 11.5.3 Chile 11.5.4 Rest of South America 11.6 Middle East & Africa 11.6.1 Saudi Arabia 11.6.2 UAE 11.6.3 Qatar 11.6.4 South Africa 11.6.5 Rest of Middle East & Africa
12 Key Developments 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 12.2 Acquisitions & Mergers 12.3 New Product Launches 12.4 Expansions 12.5 Other Key Strategies
13 Company Profiling 13.1 Sealed Air Corporation 13.2 Uflex Limited 13.3 Atlantis-Pak Co. Ltd. 13.4 Amcor Limited 13.5 Bemis Company, Inc. 13.6 Mitsubishi Plastics, Inc. 13.7 Berry Global, Inc. 13.8 Toppan Printing Co. Ltd. 13.9 Huhtamaki Oyj 13.10 Dai Nippon Printing 13.11 Ultimet Films Limited 13.12 DuPont Teijin Films 13.13 Toray Advanced Film 13.14 Schur Flexibles Group 13.15 Mondi 13.16 Winpak Ltd. 13.17 3M 13.18 FUJIFILM 13.19 Ampac Holdings, LLC 13.20 Flexopack