Global High Barrier Packaging Films Market - WishTree Insight

Global High Barrier Packaging Films Market by Product (Pouches & Bags, Wrap Film, Tray Lidding Films, Thermoforming Films), Material (Polypropylene, Polyethylene, and Polyvinyl Chloride), Technology (BESELA Barrier, Multi-Layer Film), End-User (Pharmaceuticals, Food & Beverages, and Agriculture) and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Global High Barrier Packaging Films market size was valued at USD 10.41 billion in 2021 and is expected to surpass USD 16.32 billion by 2031, expanding at a CAGR of 7.3% during the forecast period, 2021–2031. The growth of the market is attributed to the increased popularity of packaged food & Beverages, pharmaceuticals & healthcare, and cosmetics & personal care industries.

INTRODUCTION

High Barrier Packaging films are used to keep the product’s quality and freshness. Due to its superior type of packaging, it is used to keep a product safe from elements including moisture, air, dust, and other contaminants. According to National Centre for Biotechnology Information (NCBI), for packaging 42 percent of plastic is used, construction 19 percent, and for the textile sector, 17 percent of plastic is used.

Most food products are oxygen-sensitive, high-barrier packaging films are packaging films that are thick and used to provide oxygen and moisture barrier protection to end-use products such as food, pharmaceuticals, chemicals, and beverages. They are mainly used in pharmaceutical products to keep the products protected and help extend shelf life.

High-barrier packaging films are flexible films that prevent the packaging of the product from light, oxygen, water, and other elements. High-barrier films are used in various flexible packaging applications like bags, pouches, blister packaging, forming webs, lidding, and others.

In packaging films, commercial propylene polymers are isotactic and used as a hot-melt adhesive. Due to its semi-crystalline nature, isotactic polypropylene is used as a commercial plastic for food packaging, pipelines, fittings, carpets, big molded parts for automotive, and other consumer products.

The need for packet bags and pouches in the cosmetics & personal care, pharmaceuticals & healthcare, and food & beverage industries has increased the demand for high-barrier packaging films.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for multilayer packaging to prevent oxygen and water has spurred market growth.
• Growing demand for high-barrier packaging films for longer shelf-life is anticipated to grow the market.
• Consumers’ preference for packaged food has increased lucrative growth in the market for packaging films.
• Rising demand for high-barrier packaging films in the agriculture and pharmaceutical industry is considered a key driver.
• The susceptibility to degradation and the fluctuation in raw materials prices are considered restraining factors to the industry.
• Strict government regulations and environmental concerns and Issues related to the recycling of multilayer films are anticipated to hamper the market.
• The growing adoption of biodegradable packaging films is considered a growing opportunity in the coming years for the high-barrier packaging films market.
• Demand for customer-friendly packaging is the latest trend in the market.

Scope of the Report

Market Segment Insights

The pouches & bags segment is expected to expand at a rapid pace

Based on Type, the Global Smart Fabric Market is divided into Passive, Active, and Smart. The Active segment is expected to expand at a rapid pace during the forecast period. Active smart fabric is embedded with electronic components such as actuators and sensors which can sense and react to the environment.

The sensing segment holds a large share in the market

Based on the product, the GLOBAL HIGH BARRIER PACKAGING FILMS market is divided into pouches & bags, wrap film, tray lidding films, and thermoforming films. The pouches & bags segment is expected to expand at a rapid pace during the forecast period. Plastic pouches & bags are poly-fabricated containers. They are used to transport, package, and store a wide range of materials and objects. Plastic bags are waterproof, lightweight, durable, and maintain shape, thus driving the market. However, the wrap film segment is anticipated to hold a key share of the market in the coming years.

The polyvinyl chloride segment is projected to register a considerable CAGR

Based on material, the market is segregated into polypropylene, polyethylene, and polyvinyl chloride. The polyvinyl chloride segment is projected to register a considerable CAGR during the forecast period. Polyvinyl chloride is cost-effective and is used in health care, building construction, electronics, automobiles, wire & cable insulation, and other industries widely. It is tamper-resistant, lightweight, and maintains the integrity of the material inside it. On the other hand, the polyethylene and polypropylene segment is anticipated to account for a steady market share during the forecast period.

The multilayer film segment is projected to register a considerable CAGR

Based on technology, the market is bifurcated into BESELA barrier film and multi-layer film. The multilayer film segment is projected to register a considerable CAGR during the forecast period. On the other hand, the BESELA barrier film segment is anticipated to account for a major market share during the forecast period.

The pharmaceuticals segment is projected to register a considerable CAGR

Based on end-users, the market is segregated into pharmaceuticals, food & beverages, and agriculture. The pharmaceuticals segment is projected to register a considerable CAGR during the forecast period. On the other hand, the food & beverage segment is anticipated to account for a major market share during the forecast period

The North American region is expected to constitute a key market share

In terms of regions, the global high-barrier packaging films market is classified as the Asia pacific, middle east Africa, Europe, North America, and Latin America. the market of the North American region is expected to constitute a key share of the market during the projected period. this is driven by the increasing demand for a prolonged shelf life of products, innovative packaging technologies, and advancements in food packaging. however, the market of the Asia pacific is anticipated to expand at a rapid pace during the forecast period. Economic growth and rising disposable income and changing, lifestyles lead to the growing demand for convenience food in Asian countries, which in turn leads to an increase in high-barrier packaging in the Asia pacific.

Competitive Landscape

Key players competing in the Global High Barrier Packaging Films market are Mondi plc.; Amcor plc.; Constantia Flexibles; Sealed Air; Sonoco Products Company; Berry Global Inc.; Printpack; Sigma Plastic.

FAQs

Mention the market size of the Global High Barrier Packaging Films in 2021.

The Global High Barrier Packaging Films market size was valued at USD 10.41 billion in 2021 and is expected to surpass USD 16.32 billion by 2031

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 7.3%.

What are the key drivers of the market?

The growth of the market is attributed to the increased popularity of packaged food & Beverages, pharmaceuticals & healthcare, and cosmetics & personal care industries.

What segments are covered in the Global High Barrier Packaging Films report?

Product (Pouches & Bags, Wrap Film, Tray Lidding Films, Thermoforming Films), Material (Polypropylene, Polyethylene, and Polyvinyl Chloride), Technology (Besela Barrier, Multi-Layer Film), End-User (Pharmaceuticals, Food & Beverages, and Agriculture

Mention the region is expected to hold the highest share in the Global High Barrier Packaging Films.

The North American region is expected to hold the highest share in the Global High Barrier Packaging Films.

Mention the key players in the market.

Mondi plc.; Amcor plc.; Constantia Flexibles; Sealed Air; Sonoco Products Company; Berry Global Inc.; Printpack; Sigma Plastic.