The global packaging barrier films market is expected to witness a definitive surge as the demand for safe packaging for food and beverages remains a grave concern. The risk of food spoilage while handling and storing is projected to fuel the uptake of packaging barrier films in the coming years. The impermeable nature of barrier films makes them ideal for storing packaged food.
Over the years, the development of sturdy material that keeps the contents away from exposure to oxygen and other gases has strengthened the case for these films. Furthermore, packaging barrier films do not react with packaged food, which makes an ideal choice.
Analysts project that meat and fish will be the growing end-use of packaging barrier films are they have the least oxygen transmission rate. The growing consumption of frozen food, a lifestyle that dictates easting convenient food, and booming restaurant industry are expected to fuel the growth of this market in the coming years.
According to Future Market Insights, the global packaging barrier films market is expected to register a CAGR of 5.2% during the forecast period of 2020 and 2030.
Global Packaging Films Market Study and Findings
- Packaging barrier films are highly preferred in the pouches and shrink films packaging. Hence, these application segments are expected to account for around 58% of the collective market share by the end of forecast period.
- Food and beverages segment to account for significant uptake of packaging barrier films as demand for frozen food reaches all time high
- Pharmaceutical industry to contribute as hospital admissions remain high throughout the globe
- Emerging economies of India and China to be key raw material suppliers
- LDPE to remain highly used material as it offers exceptional barrier to moisture, strength, and flexibility
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“Packaging barrier films market is expected to see a remarkable rise in the coming years as food consumption patterns change drastically. With increasing investments in research and development to manufacture stronger films, manufacturers are expected to lure bigger consumer base. In the coming years, manufacturers are expected to focus on building a circular economy by ensuring these films are recycled and reused,” says FMI analyst.
Smaller Packs to Lead Growth for Packaging Barrier Films as Preference Shifts
The demand for packaging barrier films is expected to be driven by small-sized packs, which are easily reusable. A growing number of travellers and increasing awareness about reusing plastic-made items have contributed to this demand. Demand for lightweight packaging products has also defined the success of packaging barrier films.
Consumers are increasingly opting for peelable packaging solutions. The demand for these will be high in the packaging of cheese, meats, and poultry products. Thus, the growing consumption of these products will indirectly affect the sales of packaging barrier films.
Packaging Barrier Films Market Report Scope
|Historical Data Available for||2020-2030|
|Market Analysis||US$ Mn for Value and Units for Volume|
|Key Regions Covered||North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East & Africa (MEA)|
|Key Countries Covered||U.S, Canada, Mexico, Brazil, Peru, Chile, Poland, Germany, Italy, Spain, United Kingdom, Nordic Region, Benelux, Rest of Europe, China, India, Japan, Korea, Indonesia, Malaysia, Singapore, Taiwan, Thailand, Rest of South Asia, Australia, New Zealand, GCC, Turkey, South Africa, and Rest of MEA|
|Key Segments Covered||Product type, Material type, Barrier type, Application, End Use, and Region|
|Key Companies Profiled||Mondi PlcHuhtamaki OyjWinpak Ltd.Atlantis Pak Co. Ltd.Glenroy, Inc.Uflex Ltd.Plastissimo Film Co., Ltd.Bischof & Klein GmbH.Ampac Holdings, LLCSchur Flexibles Holding GesmbHLinpac Packaging LimitedClondalkin Group Holdings B.V.Accredo Packaging, Inc.Sigma Plastics Group, Inc.Krehalon Industrie B.V.Supravis Group S.A.Sudpack Verpackungen GmbH & Co. KGFlexopack SA|
|Report Coverage||Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Analysis, Segmental Analysis, Regional Profiling, Market Structure & Competition Analysis|
|Customization & Pricing||vailable Upon Request|
COVID-19 Impact on Packaging Barrier Films
The impact of COVID-19 can be felt on global packaging barrier films as the sales of cosmetics have suffered to a great degree. The market has taken a hit due to a ban on international travel and trade. Furthermore, stringent lockdowns that restricted the e-commerce industry as well has led to a drop in the sales of packaging barrier films in the first two quarters of 2020.
However, analysts project that the demand for packaging barrier films is expected to regain normalcy as its demand picks up in the pharmaceutical and food and beverage industries. As restaurants open for delivery and with limited capacity, they are further expected to give the global market an impetus.
Packaging Barrier Films Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global packaging barrier films market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The collation shrink films market is segmented into the material (PE, BOPET, PP, inorganic oxides, aluminium, polyamide, PVDC, EVOH, and others), product type (metallized films, organic coating films, inorganic oxide coating films, and other barrier films), barrier type (low barrier, medium barrier, high barrier, and ultra-high barrier), application (pouches, blister pack base webs, shrink films, stretch wraps, sachets, and lids) across seven regions.