Honeywell International Inc, Mitsubishi Chemical Holdings Corporation and Amcor plc are Dominating the Global Barrier Films Market in 2020

Global Barrier Films Market is expected to grow with the CAGR of 5.5% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global barrier films market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

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 November 2019, Constantia Flexibles has opened a new production plant in India of flexible packaging. The new plant will focus on environmental friendly and sustainable packaging. According to the company, the new plant will serve more customers in India and create new jobs.

Honeywell International Inc is dominating player in global barrier films market. The other key players existing in the market includes Mitsubishi Chemical Holdings Corporation, Amcor plc, TOPPAN PRINTING CO., LTD., Berry Global Inc., CLONDALKIN GROUP, 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, WINPAK LTD., and Innovia Films (a subsidiary of CCL Industries), among others.

Barrier Films MarketHoneywell International Inc

Honeywell International Inc. is headquartered in North Carolina, U.S. was founded in 1885. The company is engaged in developing and manufacturing of technologies for electronic, energy, safety, security, productivity and global urbanization. The company deals in multiple business segments such as aerospace, honeywell building technologies, performance materials & technologies and safety & productivity solutions, out of which performance materials & technologies is the market focused segments. The company offer a variety of products in various product categories such aerospace, buildings & cities, chemicals & materials, health care & pharma, industrial & manufacturing, retail, safety, sporting goods and supply chain out of which health care & pharma are the market focused category.

  • 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.

The company has wide global presence across Africa, Asia-Pacific, Europe, Latin America, Middle East, and North America. Also company has expand their business with their subsidiaries such as Hand Held Products, Inc. (U.S.), Honeywell (China) Co., Ltd., Honeywell Aerospace de México, S. de R.L. de C.V. (Mexico), Honeywell ASCa Inc. (Canada), Honeywell Automation India Limited(India), Honeywell Aerospace Avionics Malaysia Sdn Bhd. (Malaysia), Honeywell Aerospace (U.K.), Honeywell Pte. Ltd. (Singapore), Honeywell Specialty Chemicals Seelze GmbH (Germany), among others

Mitsubishi Chemical Holdings Corporation

Mitsubishi Chemical Holdings Corporation is headquartered in Tokyo, Japan was founded in 2005. The company has broad product portfolio and is engaged in the manufacturing and supply of various household and industrial products which have vast applications. The company deals in multiple segments such as performance products, chemicals, industrial gases, health care and others, out of this performance products is the market focused segment. The company provide their product in multiple categories such as performance products, healthcare, industrial materials, others out of which performance products is the market focused category

  • In August 2020, Mitsubishi Chemical Holdings Corporation announced that they have received Red Dot Award: Brands & Communication Design 2019. This award is specially based on the high design quality and creative accomplishment. This development has enhanced the credibility of the company in the market.

The company has wide global presence across Europe, Africa, Asia-Pacific, Japan, North America, Latin America with their Subsidiaries such as The KAITEKI Institute, Inc. (Japan), Mitsubishi Chemical Holdings Corporate Staff, Inc. (Japan), Mitsubishi Chemical Holdings America, Inc. (U.S.), Mitsubishi Chemical Holdings (Beijing) Co., Ltd. (China), Mitsubishi Chemical Holdings Europe GmbH (Germany), Diamond Edge Ventures, Inc. (U.S.), among others

Amcor plc

Amcor plc is headquartered in Zurich, Switzerland and was founded in 1860. The company is engaged in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home- and personal-care and other products. The company has multiple business segments which are flexibles, rigid packaging, other, out of which flexibles is market focused segment. The company provides products in various categories such as capsules and closures, cups and trays, flexible packaging, specialty cartons, plastic bottles and jars, beverages, technical applications, healthcare, out of which flexible packaging is the market focused segment.

  • 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. Features of new product are increased shelf life, sustainability. According to the Company, the new product development will give it good recognition in the market.

The company has presence in Americas, Asia-Pacific, Europe, Middle East and Africa. Amcor Pty Ltd (Australia), Amcor Investments Pty. Ltd. (Australia), Amcor Packaging (U.S.), Inc. (U.S.), Amcor Rigid Packaging USA LLC (U.S.), Amcor Flexibles Inc (U.S.), among others.