Strongly buoyed by the expansion of pharmaceutical industry across the key economies, global market for high barrier packaging films for pharmaceuticals will witness a promising 5% CAGR during 2019 – 2029. The market is projected to especially flourish in China, India, and Mexico, as suggested by a new Future Market Insights (FMI) study. Advances in packaging technologies further foster the growth outlook of market.
High barrier packaging films are predominantly used in the pharmaceutical sector to pack and store a vast variety of medicines, owing to its superior oxygen and moisture barrier attributes. The FMI report highlights striking demand growth in bags, pouches and blisters categories, which assure high protection of pharmaceutical products.
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The growth outlook for the high barrier packaging films for pharmaceutical sector seems promising, owing to its excellent flexibility, longer shelf life and higher oxygen & moisture barrier characteristics. Furthermore, highly potential economies such as China and India are projected to offer lucrative opportunities to the manufactures as the demand for pharmaceuticals packaging solutions in these countries surges.
Competitive Landscape
- Amcor plc
- Bemis Company, Inc.
- Sealed Air
- KUREHA CORPORATION
- FLAIR Flexible packaging Corporation
- WINPAK Ltd.
- MULTIVAC
- DuPont, BERNHARDT Packaging & Process
Key Takeaways from High Barrier Packaging Films for Pharmaceuticals Market Study
- Application of high barrier packaging films in blisters is increasing at an exceptional rate, attributing to their unit dosing feature. They also provide high protection from contamination.
- Leading packaging manufacturers operating in high barrier packaging films for pharmaceutical market are preferring plastic materials such as polypropylene (PP), polyvinyl chloride (PVC) and polyamide (PA) to design and manufacture high barrier packaging films.
- East Asia and South Asia are set for a solid growth outlook in the high barrier packaging films for pharmaceuticals market, as key economies such as China and India are producing and exporting pharmaceutical drugs on a significant scale.
Manufacturers Focus on Incorporation of Advanced Packaging Technologies
Flexible packaging manufacturers that cater to pharmaceutical companies are increasingly offering high-performance films that provide custom barrier properties for different types of pharmaceutical products in order to enhance their shelf-life. Generally, premium pharmaceutical products must be kept in specific environmental conditions to prevent product quality from deterioration.
Modified atmosphere packaging (MAP) or controlled atmosphere packaging (CAP), the emerging packaging technology advances, maintain the particular atmosphere inside product packages. High barrier packaging films with modified atmosphere packaging (MAP) and controlled atmosphere packaging (CAP) properties maintain the internal environment of the package and maximize the shelf life of the product. The increasing demand for MAP and CAP from pharmaceutical companies will create an influx of opportunities for manufacturers over the forecast period.
Key Segments Covered in High Barrier Packaging Films for Pharmaceuticals Industry Research
High Barrier Packaging Films for Pharmaceuticals Market by Product
- Cold-Formable Films
- Coextruded Films
- Thermo-Formable Films
High Barrier Packaging Films for Pharmaceuticals Market by Material
- Aluminium
- Plastics
High Barrier Packaging Films for Pharmaceuticals Market by Adhesion
- Bags and Pouches
- Blisters
High Barrier Packaging Films for Pharmaceuticals Market by Region
- North America High Barrier Packaging Films for Pharmaceuticals Market
- Latin America High Barrier Packaging Films for Pharmaceuticals Market
- Europe High Barrier Packaging Films for Pharmaceuticals Market
- East Asia High Barrier Packaging Films for Pharmaceuticals Market
- South Asia High Barrier Packaging Films for Pharmaceuticals Market
- Oceania High Barrier Packaging Films for Pharmaceuticals Market
- Middle East & Africa (MEA) High Barrier Packaging Films for Pharmaceuticals Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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