The global barrier film market is anticipated to witness significant expansion in the coming decade, with projections indicating a moderate Compound Annual Growth Rate (CAGR) of 5.9%. Estimated at US$ 36.2 billion in 2024, the market is poised to exceed a valuation of US$ 64.1 billion by 2034, driven by a multitude of factors reshaping the packaging industry landscape.
Barrier Film Market Overview:
The surge in demand for barrier films across various industries underscores the critical importance of prolonging product shelf life while maintaining quality. Companies worldwide are increasingly recognizing the value of barrier films in achieving these objectives, leading to a steady rise in market demand.
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Key Factors Influencing Market Growth:
- Infection Prevention in Healthcare: Barrier films serve as a frontline defense against contaminants, particularly in healthcare settings. The growing awareness of infection prevention measures is driving market expansion, with healthcare practitioners relying on barrier films to enhance infection control and ensure patient safety.
- Expansion in Healthcare Expenditure: The barrier film packaging market is witnessing growth propelled by its expanding applications in various medical procedures. As healthcare expenditure continues to surge globally, driven by increased spending on healthcare and pharmaceuticals, the demand for barrier films in medical applications is expected to escalate.
- Expansion into Food Packaging: Barrier films are increasingly penetrating non-medical applications, particularly in food packaging. The preference for processed and ready-to-eat packaged food items, coupled with consumers’ emphasis on product safety and quality, is driving demand for barrier films in the food and beverage sector.
- Retail Revolution in Developing Nations: The expansion of retail chains in developing nations is fueling demand for barrier films, as lightweight, portable packaging solutions become increasingly preferred over traditional packaging styles. Barrier films offer durability, flexibility, and enhanced product protection, making them an ideal choice for evolving retail landscapes.
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Key Takeaways from the Barrier Film Market
- Between 2019 and 2023, the barrier film industry recorded a CAGR of 7.0%.
- The barrier film industry in the United States is estimated to witness moderate growth with a projected 6.2% CAGR from 2024 to 2034, driven by increasing demand for sustainable packaging solutions and advancements in barrier film technologies.
- China’s barrier film industry is projected to follow closely with an estimated 6.4% CAGR through 2034, attributed to the rising demand for advanced packaging solutions and the continuous expansion of end-use industries.
- The barrier film market in the United Kingdom is likely to show a 6.1% CAGR between 2024 and 2034, influenced by the increasing consumer awareness and preference for sustainable and eco-friendly packaging solutions.
- Japan’s barrier film industry is projected to develop at 7.2% CAGR through 2034, propelled by a combination of technological advancements, shifting consumer preferences, and a growing emphasis on product safety.
- The South Korea barrier film industry is likely to exhibit a 7.7% CAGR from 2024 to 2034, impacted by the country’s rapid industrialization and the strong presence of key end-use industries such as electronics.
Key Market Players Offering Barrier Film
- Berry Global Inc.
- Amcor Plc.
- Sealed Air
- Toppan
- Printing Co., Ltd.
- Cosmo Films Ltd.
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Key Market Players Offering Barrier Film
- Berry Global Inc.
- Amcor Plc.
- Sealed Air
- Toppan
- Printing Co., Ltd.
- Cosmo Films Ltd.
Key Segments in the Barrier Film Industry Report
By Type:
- 1-Hexene
- 1-Octene
- 1-Butene
- Others
By Application:
- Polyolefins Comonomer
- Surfactants and Intermediates
- Lubricants
- Fine Chemicals
- Plasticizer
- Oil Field Chemicals
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
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