Barrier films ensure packaging integrity by protecting against moisture and oxygen. For moisture-sensitive products such as food, pharmaceuticals, and electronic components, these films act as a barrier, preventing the entry of water vapor and safeguarding the integrity of the contents. These films' excellent oxygen barrier properties are vital in preserving the quality and extending perishable goods' shelf life, especially in food and pharmaceutical products. Barrier films safeguard the quality and integrity of packaged items by establishing a protective shield. This ensures that products reach consumers in prime condition, consistently meeting and exceeding industry standards.
According to Data Bridge Market Research analyses, the Global Barrier Films Market, which was USD 23,747.62 million in 2022, is expected to reach USD 36,224.64 million by 2030 and is expected to undergo a CAGR of 5.42% during the forecast period of 2023 to 2030.
"Rise in demand for longer shelf life for products boosts the market growth"
The high demand for longer product shelf life is a key driver for the global barrier films market. Consumers and industries seek packaging solutions that effectively extend the lifespan of various products, ranging from food and pharmaceuticals to electronics. Barrier films play a crucial role by creating a protective layer that prevents oxygen, moisture, and other external factors from deteriorating the quality of packaged goods. This increased emphasis on product preservation enhances customer satisfaction by ensuring freshness reduces waste and contributes to sustainable practices.
What restraints the growth of the global barrier films market?
“Vulnerability to degradation hinders the market growth”
The vulnerability to degradation is a significant restraint in the global barrier films market. Barrier films, designed to protect contents from external factors such as moisture and gases, are susceptible to degradation over time. Environmental conditions, exposure to UV radiation, and temperature variations can compromise the integrity of barrier films, reducing their effectiveness in preserving product quality.
Segmentation: Global Barrier Films Market
The global barrier films market is segmented on the basis of type, material type, layers, application, and distribution channel.
- On the basis of type, the global barrier films market is segmented into metalized barrier films, transparent barrier films, and white barrier film
- On the basis of material type, the global barrier films market is segmented into polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polyamides (PA), ethylene vinyl alcohol (EVOH), linear low-density polyethylene (LLDPE), and others
- On the basis of layers, the global barrier films market is segmented into multiple layers, and single layers
- On the basis of application, the global barrier films market is segmented into food and beverage, pharmaceutical, electronics, agriculture, and others
- On the basis of distribution channel, the global barrier films market is segmented into supermarkets/hypermarkets, specialty stores, e-commerce, and others
Regional Insights: Asia-Pacific dominates the Global Barrier Films Market
The Asia-Pacific dominates the barrier films market, primarily propelled by evolving hygiene habits and consumer preference for convenience products. As lifestyles in the region undergo rapid changes, there is a heightened awareness of the importance of hygiene, driving the demand for barrier films in packaging. The rising popularity of convenience products further amplifies the need for effective protective measures, solidifying the dominance of the Asia-Pacific market in the barrier films industry.
North America is expected to experience significant growth due to rising disposable income and an increasing focus on hygiene awareness. The region's expanding economic prosperity contributes to heightened consumer spending, driving demand for barrier films. As individuals prioritize hygiene, particularly in packaging, the market is expected to significantly expand in North America.
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-barrier-films-market
Recent Developments in the Global Barrier Films Market
- In September 2020, Amcor plc achieved a milestone with the world's first recyclable flexible packaging, enabling the recycling of diverse consumer items such as ready meals, baby foods, and pre-cooked soups. This innovative development involved substantial research and investment, offering enhanced shelf life and sustainability. Amcor anticipates significant market recognition with this groundbreaking product, aligning with its commitment to environmental responsibility
The Prominent Key Players Operating in the Global Barrier Films Market Include:
- Amcor plc (Switzerland)
- Mondi (U.K.)
- Huhtamaki (Finland)
- Sealed Air (U.S.)
- Jindal Poly Films Limited (India)
- Toppan Inc., (Japan)
- Kureha Corporation (Japan)
- HPM Global, Inc. (South Korea)
- Flair Flexible Packaging Corporation (U.S.)
- Constantia Flexibles (Austria)
- MULTIVAC (Germany)
- DuPont (U.S.)
- Wihuri Group (Finland)
- BERNHARDT Packaging & Process (France)
- Borealis AG (Austria)
- Uflex Limited (India)
Above are the key players covered in the report, to know about more and exhaustive list of global barrier films market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Barrier Films Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
