Global Barrier Films Market is Expected to Grow at 5.5% in the Forecast Period of 2021 to 2028

Global Barrier Films Market is forecasted to grow at 5.5% with factor such as increasing applications of barrier films in food and beverages product packaging.

Barrier films market is growing with factors such as in growing demand of barrier films in pharmaceutical and agriculture industry, rising demand of barrier films to safeguard electronic components, increasing demand of multi-layer packaging for preventing oxygen and water permeation, along with this poor infrastructure facilities for recycling, fluctuation in prices of raw materials for barrier films may obstruct the growth of the market in the given forecast period.

Barrier Films Market Scenario

According to Data Bridge Market Research, the market for barrier films in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Honeywell International Inc, which accounts an estimated market share of approximately 10% to 15% in the global.

The major players dealing in global barrier films market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in January 2020, Honeywell International Inc. had entered into partnership with Charlotte Hornets in order to spread business across the globe. The partnership helps in expanding business in various countries that generates revenue of the business. According to the Company, the partnership will help in economic development.

Barrier Films MarketTrends Impacting the Market

Now the question is which other countries Honeywell International Inc, Mitsubishi Chemical Holdings Corporation and Amcor plc are targeting? Data Bridge Market Research has estimated a large growth in the U.S. and the market leaders are targeting Canada and Mexico to be their next revenue pockets for 2021.

The barrier films market is becoming more competitive every year with companies such as Honeywell International Inc, Mitsubishi Chemical Holdings Corporation and Amcor plc as they are the market leaders for barrier films. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the barrier films market.

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Barrier Films Market Development

  • In September 2020, Amcor plc has developed the world’s first recyclable flexible packaging which will allow the recycling of various consumer products such as ready meals, baby foods, pre-cooked soups and many more. The new product development has required dedicated research and investment. The features of new product are increased shelf life and sustainability. According to the company, the new product development will give it good recognition in the market.

Scopes of the Barrier Films Market

Barrier films market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, U.K., Italy, France, Belgium, Switzerland, Spain, Russia, Netherlands, Turkey, Rest of Europe, Japan, China, Singapore, South Korea, Indonesia, Thailand, Philippines, Malaysia, Australia and New Zealand, India, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia United Arab Emirates, Israel and Rest of Middle East and Africa.

  • All country based analysis of Barrier films market is further analyzed into five notable segments which are type, material type, layers, application and distribution channel. On the basis of type, the barrier films market is segmented into metalized barrier films, transparent barrier films and white barrier film. On the basis of material type, the barrier films market is segmented into polyethylene teraphthalate (PET), polyethylene (PE), polypropylene (PP), polyamides (PA), ethylene vinyl alcohol (EVOH), linear low-density polyethylene (LLDPE) and others. On the basis of layers, the barrier films market is segmented into multiple layers and single layers. On the basis of application, the barrier films market is segmented into food and beverage, pharmaceutical, electronics, agriculture and others. On the basis of distribution channel, the barrier films market is segmented into supermarkets/hypermarkets, specialty stores, e-commerce and others.

To know more about the study

Key Pointers Covered in Barrier Films Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study
  • Impact of COVID-19 in the market

Key Market Competitors Covered in the Report

  • Honeywell International Inc
  • Mitsubishi Chemical Holdings Corporation
  • Amcor plc
  • Berry Global Inc.
  • Sonoco Products Company
  • Huhtamaki
  • Dupont Teijin Films U.S. Limited Partnership
  • Mondi
  • Fraunhofer –Gesellschaft
  • Klöckner Pentaplast
  • ProAmpac
  • Coveris
  • Glenroy, Inc.
  • Constantia Flexibles
  • UFlex Limited
  • Jindal Poly Films Limited
  • Innovia Films (a subsidiary of CCL Industries)

Above are the key players covered in the report, to know about more and exhaustive list of barrier films companies’, contact us

Research Methodology: Global Barrier films Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

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, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturers, Distributors, Industrial Professionals
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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