The report on global high barrier packaging films market provides qualitative and quantitative analysis for the period of 2015 to 2023. According to the report the global high barrier packaging films market is projected to reach USD 13.79 billion by 2023, growing with a CAGR between 4.6 % to 5.4 % from 2017 to 2023. The global high barrier packaging films market was worth USD 8.78 billion in 2015. Volume consumption was 1.76 million tons in 2015. Furthermore, consumption is expected to reach 13.9 million tons by 2023.
Figure 1: Global High Barrier Packaging Films Market by Value
Europe is the key consumer of high barrier packaging films in the global market both in demand and production. As of 2015, this region accounted for about 29.4% share in the global market. North America emerged as the second largest shareholder of the global market followed by Asia-Pacific. Markets in Europe and Asia Pacific are highly regulated and are likely to create a substantial demand for high barrier packaging films. Furthermore North America is expected to grow at the highest CAGR of 5.4% over the forecast period.
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