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A recent report published by Infinium Global Research on barrier
films market provides in depth analysis of segments and sub-segments in global
as well as regional barrier films market. The study also highlights the impact
of drivers, restraints and macro indicators on the global and regional barrier
films market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
barrier films market. According to report the global barrier films market is
projected to grow at a CAGR of 5.1% over the forecast period of 2018-2024.
Market
insights:
Barrier films are made of plastic and can be
molded into various shapes. Polyvinyl chloride, ethylene vinyl alcohol,
polyamide, polyethylene, and polyester are the key materials used in the
manufacture of barrier films. The plastic films help to preserve products for a
longer period time. These types of films are preferred more in the food
industry. In addition, barrier materials are also used in packaging laminations
that help prevent the infusion of water, oxygen, oil, aroma, flavor, and light which
helps in better preservation of food products.
Growing need for consumer friendly packaging
that provides transparency in product packaging helps consumer to easily identify the product. Growing
demand of packaged food in food industry is likely to propel the growth of the
market due to increasing the shelf life of food products. The demand for
compact packaging is increased over the upcoming years. On the other hand, fluctuating
prices of raw materials and difficulties in recycling of multilayer films are
likely to restraint the growth of the market. Furthermore, the demand for
biodegradable and soluble films is anticipated to bring more opportunities to
this market.
Among the regions, Asia-Pacific is expected
to be the largest market for barrier films followed by Europe. The demand for
processed food, increasing per capita income of an individual, and the growth
in developing economies such as China and India are likely boost the growth in
this region. Furthermore, growth in international trade and presences of number
of packaging industries will augment the demand of barrier film market in the
coming years.
Growing environmental concerns and strict
government regulation, number of packaging company are shifting toward the use
of biodegradable materials. Moreover, the rising market for pharmaceutical and
health products and eatable and soluble food packaging will contribute to the
high demand for bio-based polymer films during the forecast period. The merger
and acquisition is the key strategy of the leading player to expand their
product line and strengthen their position and presence in the market.
Segment Covered
The report on global barrier films market covers segments such as,
material, type and end users. On the basis materials global barrier films
market is segmented as PE, PP, PET,
Polyamide and Others. Based on material the global barrier films market is
categorized into organic coating films, inorganic oxide coating films,
metallized films and other barrier films. On the basis of end users the global
barrier films market is categorized into healthcare industry, food industry,
consumer goods industry and other industries.
Geographic Coverage
The report provides regional analysis covering geographies such as
North America, Europe, Asia-Pacific, and Rest of the World. In this section the
key trends and market size for each geography is provided over the period of
2016-2024. The countries covered in the North America region include the U.S.,
Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South
Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and
Rest of Europe are included in the European region. The U.S. drives the growth
in the North America region as it is the largest market in the region. The
Asia-pacific region offers a substantial potential for the market growth owing
to rapid growth in markets such as India and China. The APAC region is
projected to experience a growth at a CAGR of x.x% over the period of
2018-2024.
Companies Profiled:
The report provides profiles of the companies in the global
barrier films market such as, Mitsubishi Plastic, Berry Plastics, Toppan
Printing Co. Ltd., Amcor Limited, Bemis, Sealed Air Corporation, Huhtamaki Oyj,
Uflex Ltd., Atlantis Pak Co. Ltd., and Other Companies.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global barrier films market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of barrier films market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the barrier films market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the barrier films market to understand the present and future trends in this market and formulate their strategies accordingly.
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