The packaging barrier films market is projected to be worth US$ 18.8 billion in 2024. A compound annual growth rate (CAGR) of 2.7% is anticipated for the industry between 2024 and 2034. The packaging barrier film industry value is expected to reach US$ 24.5 billion by the end of the forecast period. This anticipated growth reflects the increasing demand for barrier films across various industries, driven by their vital role in preserving product freshness and extending shelf life. As consumer preferences evolve and environmental concerns persist, the market is expected to witness continuous innovation in barrier film technologies to meet sustainability goals while maintaining optimal product protection. This trajectory underscores the market’s significance in the packaging industry’s evolving landscape.
As long as there is a serious need for safe food and beverage packaging, the global market for packaging barrier films is predicted to experience a significant uptick. In the upcoming years, the risk of food spoiling during handling and storage is anticipated to drive the acceptance of packaging barrier films. Barrier films are the best type of storage for packaged foods because of their impermeable nature.
The justification for these films has grown stronger over time because to the development of durable materials that shield contents from oxygen and other gases. Barrier packing films are a great option because they don’t react with packaged food.
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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, lifestyle that dictate easting convenient food, and booming restaurant industry are expected to fuel the growth of this market in the coming years.
Consistent Growth potential of the packaging barrier films market, driven by factors like:
- Rising demand for convenient food packaging: Barrier films extend product shelf life, reducing reliance on preservatives and catering to the growing demand for convenience food.
- Need for high-performance packaging: Various industries, including food and beverage, pharmaceuticals, and electronics, require high-barrier packaging to protect products from external elements like moisture, oxygen, and light.
- Advancements in processing technologies: Improved production methods are making barrier films more cost-effective and suitable for diverse applications.
List of Key Players Covered in Packaging Barrier Films market are:
- Mondi Plc
- Huhtamaki Oyj
- Winpak Ltd.
- Atlantis Pal Co. Ltd.
- Glenroy, Inc.
- Uflex Ltd.
- Plastissimo Film Co., Ltd.
- Bischof & Klein GmbH
- Cosmo Films Ltd.
- Jindal Poly Films Ltd.
- others
“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.
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Key Segments Covered in Packaging Barrier Films Industry Research
by Product:
- Pouches
- Bags
- Liners
- Lidding Films
- Blister Packs
- Wraps
by Material:
- Polyethylene (PE)
- Polyvinylidene Chloride
- Polyethylene Terephthalate (PET)
- Others
by End-use:
- Consumer Durables
- Chemicals
- Pharmaceuticals
- Food & Beverages
- Others
by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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