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.
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.
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.
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.
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.
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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