By 2023, the global high barrier packaging films market is poised to exceed US$ 18.5 billion, demonstrating a steady CAGR of 3.9% during the forecast period from 2023 to 2033. With this growth trajectory, the market is anticipated to reach a substantial value of US$ 33.6 billion by 2033.
High barrier film packaging is a specialized packaging solution that offers superior protection against factors that can compromise the quality and longevity of packaged products. These films are engineered using a combination of multiple layers, each serving a specific purpose to create an effective barrier against moisture, oxygen, light, and odors. The multi-layered structure of high barrier films acts as a shield, safeguarding the packaged goods from external elements throughout their shelf life.
The Growing Demand for High Barrier Film Packaging
The High Barrier Film Packaging Market has witnessed significant growth in recent years, driven by the rising demand for extended product shelf life, increased convenience, and enhanced product presentation. Industries such as food and beverage, pharmaceuticals, personal care, and electronics heavily rely on high barrier film packaging to safeguard their goods from external influences that could compromise their quality.
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Key Benefits of High Barrier Film Packaging
High barrier film packaging offers a multitude of benefits for both manufacturers and consumers alike. Let’s explore some of the key advantages:
- Superior Product Protection: High barrier films act as a protective shield, preventing moisture, oxygen, and UV light from entering the package and causing product deterioration. This ensures that products remain fresh, flavorful, and visually appealing for extended periods.
- Extended Shelf Life: By effectively blocking external factors, high barrier films contribute to the extension of product shelf life. This translates into reduced product waste and enhanced customer satisfaction.
- Preservation of Nutritional Value: In the food and beverage industry, high barrier film packaging helps retain the nutritional value of perishable items by preserving their essential nutrients and vitamins.
Key Factors Driving the High Barrier Film Packaging Market
1. Growing Consumer Awareness and Demand for Quality Products
As consumers become more health-conscious and environmentally aware, the demand for products with extended shelf life and superior quality is on the rise. High barrier film packaging offers an effective solution by preserving the freshness and nutritional value of food and beverages, ensuring product efficacy in the pharmaceutical industry, and protecting sensitive electronic devices from environmental factors.
2. Stringent Regulatory Requirements and Quality Standards
With an increasing emphasis on safety and product integrity, regulatory authorities and industry associations have introduced stringent guidelines and quality standards for packaging materials. High barrier films, which comply with these regulations, provide a reliable solution to meet the stringent requirements of various industries.
High Barrier Film Packaging Market: Competitive Analysis
Market players are aggressively focusing on enhancing their global footprint by mergers & acquisitions (M&A), and enhancing product portfolios.
- In order to boost its ability to develop eco-friendly, clean, safe liners, Mondi PLC has set up its new unit in Styria to develop high-barrier, side-folded tubes for FIBCs. This further enables the company to make these films in several structures, from PE/EVOH to seven-layered PE/PA/EVOH, and PE to PE/PA structures.
- Amcor has developed AmLite Ultra Recyclable prepared from more sustainable high-barrier polyolefin film. The new films package a variety of food, pharmaceutical, and home, and personal care products, and are able to be reprocessed in existing polyolefin recycling streams.
- Huhtamaki has begun its flexible packaging production in Egypt. The investment marks its entrance into the production of flexible packaging in Africa. Additionally, the manufactured products will be exported to Europe and other African nations.
Major companies in the global market are
- Bemis Company, Inc.
- Amcor Limited (Australia)
- American Pouch
- Ampac Oliver-Tolas
- Sealed Air
- Krehalon
- Flair Flexible
- HPM Global, Inc.
- Constantia Flexibles
- Winpak Limited
- Janco Inc.
- MULTIVAC
- Wipak Group Dupont
- BERNHARDT Packaging
Other prominent companies include 3D Packaging, Sonoco, Prairie State Group, Perlen Packaging, Shako Flexipack, and ClearBags,.
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High Barrier Film Packaging Market – Segment Analysis
The global market is segment on the following basis:
By Technology
- Polymer Nano Composites
- ORMOCER
- Multi-layer film
- Besela barrier film
- Sustainable barrier coatings
- Melamine-based barrier coatings
- Others
By Material
- Biaxial oriented polypropylene
- Cast polypropylene
- Biaxial oriented polyethylene terephthalate
- Biaxial oriented polyamide
- Transparent high barrier films
- Low-density polyethylene
- Linear low-density polyethylene
- Polyvinyl chloride
- Metalized films
- Ethylene vinyl alcohol
- Polyvinyidene chloride
- Polyacrylonitrile
- Cyclic olefin copolymer
- Polyvinyl alcohol
- Inorganic
- Silicon oxide, and aluminium oxide
- Nylon (cast and biax) and vinyl
By Product Type
- Pouches & bags
- Tray lidding film
- Wrapping film
- Stand-up pouches
- Forming webs
- Blister packs
By Application
- Food & beverage
- Pharmaceutical & medical
- Personal care & cosmetics
- Other applications
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About Future Market Insights, Inc.
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