Value Market Research delivers the key insights on the Global High Barrier Packaging Films Market in its latest report.
The market was valued at USD 9.37 Billion (by revenue) in 2017 and is anticipated to reach USD 13.05 Billion by 2024 with a CAGR of 4.9%. High barrier packaging films are often used to provide protection to sensitive material in order to avoid the degradation of the quality of the product. They help to increase shelf life and reduce need of preservatives. Further adding to this, it has various benefits such as a barrier to moisture, ease of processing, strength/toughness, flexibility, and ease of sealing. They have major application area in fast moving consumer goods and pharmaceuticals industry for packaging of goods.
The changing preference of consumers towards ready-to-eat packaged meal and fresh food is driving the market growth. Also, increasing demand for stand-up pouches and bag packaging from food & beverage industry, cosmetics & personal care and pharmaceutical is driving the market of high barrier packaging film. Also, change in market structure, expansion of online and offline retail coupled with the growing demand for advance packaging films is further propelling the market growth. Moreover, the rising demand from pharmaceutical industry is likely to contribute significantly towards the growth over the forecast period.
The report titled “Global High Barrier Packaging Films is segmented By Technology (Polymer Nanocomposite, Multi-Layer Film, ORMOCERS, Sustainable Barrier Coatings, Melamine-Based, Barrier Coatings, Besela Barrier Film), Material (LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA And EVOH), Product (Bags And Pouches, Stand-Up Pouches, Tray Lidding Film, Forming Webs, Wrapping Film), Application (Food & Beverage, Pharmaceutical & Medical, Personal Care & Cosmetics) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024" details the upcoming market trend empowering the reader to take a well calculated decisions.
In the report, the market has been segmented by technology, material, product, application, and region. On the basis of technology the market is divided into polymer nanocomposite, multi-layer film, ormocers, sustainable barrier coatings, melamine-based, barrier coatings, and besela barrier film. Among which, sustainable barrier coatings is leading the segment owing to rising demand for eco-friendly packaging. By material, the market is bifurcated into LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH. Linear low-density polyethylene (LLDPE) is dominating the segment owing to rising demand across various end-use industries such as transportation, automobile, packaging, and others. Based on application, the market is divided into food & beverage, pharmaceutical & medical, personal care & cosmetics. Food & beverage sector is dominating the application segment owing to rising global population leads to growth in food & beverage industry along with the change in preference towards the consumption of packaged food products. Based on the geography, the market has been analyzed across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. From the geographical perspective, Asia-Pacific is leading the global high barrier packaging film market owing to ongoing rapid urbanization & industrialization along with the booming food-packaging industry within emerging economies such as China and India.
The Report Segments Global High Barrier Packaging Films Market -
Key Players Profiled In The Report:
Amcor, American Pouch, Bemis, BERNHARDT Packaging and Process, ClearBags, Flair Flexible Packaging, HPM Global, Krehalon, Oliver-Tolas Healthcare Packaging, Prairie State Group, Sealed Air, Shako Flexipack and Jindal Ploy Films.
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