A recent report published by Infinium Global Research on high barrier packaging films market provides in-depth analysis of segments and sub-segments in the global as well as regional high barrier packaging films market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional high barrier packaging 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 high barrier packaging films market.
The packaging industry has witnessed a remarkable breakthrough with the introduction of high barrier packaging films, which utilize a range of materials such as polyethylene, polypropylene, polyethylene terephthalate (PET), and polyvinyl chloride. These advanced films offer superior barrier properties against moisture, gas, and temperature compared to traditional packaging materials. Furthermore, high barrier packaging films are known to maintain the quality attributes of the packaged products, such as taste, texture, color, and consistency. High barrier packaging also enhances the absorption and bioavailability of nutrients in food products, which is superior to conventional plastic or paper packaging. Apart from the food and beverage industry, high barrier packaging films are increasingly being adopted in the pharmaceutical and agriculture sectors for their products.
The market for high-barrier packaging films is witnessing growth owing to the escalating demand for packaged food and beverages. The rise in the demand for convenient food and ready-to-eat meals has resulted in a substantial increase in demand for high-barrier packaging films. These films are highly effective in preserving the freshness and quality of food and beverages while extending their shelf life. The growth of the pharmaceutical industry also contributes to the expansion of the market, as high-barrier packaging films are extensively utilized to safeguard drugs from moisture, oxygen, and other environmental factors. However, fluctuating raw material prices are hampering the expansion of the high barrier packaging films market by causing cost uncertainties and reducing profit margins for manufacturers. These market challenges can impede investment and innovation, hindering the industry's growth potential. Although, the increasing demand for user-friendly packaging is creating a profitable avenue for the high barrier packaging films market. Consumers seek convenience and sustainability, driving the adoption of innovative packaging solutions. This trend offers substantial growth potential, as companies develop barrier films that cater to both consumer preferences and environmental concerns.
The Asia Pacific region holds the global high barrier packaging films market owing to its substantial consumer base. The region is expected to provide immense growth opportunities, given the easy availability of raw materials. The food and pharmaceutical industries in the region are expanding rapidly, and the healthcare sector is receiving increasing government budget allocations, which will further propel market growth. Moreover, North America is the fastest growing region in global high barrier packaging films market. The region's robust packaged food and pharmaceutical industries, coupled with the booming e-commerce industry, are driving the demand for high barrier packaging films in North America.
Report Coverage | Details |
---|---|
Market Size in 2022 | About USD 15 Billion |
Market Size by 2030 | Over USD 24 Billion |
Growth Rate from 2023 to 2030 | CAGR of Around 6% |
Largest Market | Asia Pacific |
No. of Pages | 255 |
Market Drivers |
|
Market Segmentation | By Packaging Type, By Material Type, and By End User |
Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global high barrier packaging films market covers segments such as packaging type, material type, and end user. On the basis of packaging type, the sub-markets include bags & pouches, lids, shrink films, laminated tubes, and others. On the basis of material type, the sub-markets include plastic, aluminium, oxides, and others. On the basis of end user, the sub-markets include food & beverages, pharmaceuticals, agriculture, chemicals, and others.
The report provides profiles of the companies in the market such as Cosmo Films, Amcor plc, Sealed Air, Mondi, Glenroy, Inc., Ampac Packaging, Berry Global Inc., TCL Packaging, Eagle Flexible Packaging, and Winpak Ltd..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into 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 the high barrier packaging films market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Please Choose One of them.