The global High Barrier Packaging Films Market is poised for significant growth, with a projected value exceeding US$ 18.5 billion by 2023. This upward trajectory is expected to continue with a moderate Compound Annual Growth Rate (CAGR) of 3.9% throughout the estimated time frame from 2023 to 2033. By the end of this period, the market is anticipated to reach a substantial value of US$ 33.6 billion.
The surging global demand for meat is poised to be a driving force behind the increasing sales of high-performance polyethylene films. These specialized films are well-suited for the packaging of meat, poultry, and fish, offering a range of benefits that cater to the specific requirements of these products. Notably, these films exhibit exceptional heat resistance, durability, and an outstanding oxygen barrier, ensuring the preservation and protection of meat products throughout their shelf life. This unique combination of attributes positions polyethylene films as a preferred choice for meat packaging, meeting the rigorous standards of the industry.
The surging global demand for meat is poised to fuel the sales of high-performance polyethylene films. These specialized films are especially well-suited for packaging meat, poultry, and fish, given their exceptional attributes, including heat resistance, durability, and an impressive oxygen barrier. These qualities make them ideal for preserving the freshness and quality of meat products during storage and transport.
Request Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-2138
Top Trends Pushing High Barrier Packaging Films Demand Worldwide
Need for Transparent High Barrier Thermoforming Films to Boom among Fruit and Vegetable Vendors
Transparent and see-through packaging has a significant influence on food and beverage products. High barrier packaging films are crafted using specialized materials that serve as a functional shield, preserving the quality, aroma, taste, and texture of food items. These films find extensive application in packaging a wide array of food products, including dairy items, fruits, and vegetables.
The increasing demand for high barrier packaging films can be attributed to their exceptional oxygen barrier properties, durability, lightweight characteristics, and resistance to heat. These attributes are driving their popularity, and their demand is expected to soar over the foreseeable period. Another crucial factor contributing to the robust sales in this market is the global surge in meat consumption. This trend underscores the versatile application of high barrier packaging films and their relevance in the food and beverage industry.
Drivers:
- Increasing Consumer Demand: Growing consumer awareness and concerns about product safety, freshness, and shelf life drive the demand for high barrier packaging films to protect a wide range of products, including food, pharmaceuticals, and electronics.
- Food Preservation: High barrier films are crucial for extending the shelf life of perishable foods, reducing food waste, and meeting the demands of the food industry and consumers for longer-lasting products.
- Pharmaceutical Applications: The pharmaceutical sector relies on high barrier films to ensure the integrity and longevity of drugs and medical devices by protecting them from moisture, oxygen, and light, which can compromise their effectiveness.
- Product Differentiation: High barrier films allow manufacturers to create distinctive packaging that attracts consumers, builds brand identity, and sets products apart from competitors.
- Regulatory Compliance: Stringent regulations in the food and pharmaceutical industries require high barrier packaging to meet safety and quality standards.
- Eco-Friendly Materials: The development of sustainable and eco-friendly high barrier films, such as biodegradable and recyclable options, aligns with environmental and consumer demands.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-2138
Key Market Players
- Amcor Plc
- Sealed Air Corp
- Glenroy, Inc.
- Winpak Ltd.
- Mondi Plc
- Toray Plastics (America), Inc.
- Berry Global, Inc.
- Schur Flexibles GmbH
- Huhtamaki Oyj
- Jindal Poly Films Ltd.
- Uflex Ltd.
- Cosmo Films Ltd.
- Bischof & Klein SE & Co. KG
- Plastissimo Film Co., Ltd.
Segments Covered:
- Film Type
- Material Type
- Packaging Type
- End User
- Region
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-2138
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube