The global high barrier packaging films market size was valued at USD 17.69 Billion in 2022 and is projected to reach USD 29.89 Billion by 2031, expanding at a CAGR of 6% during the forecast period 2023-2031. The growth of the market is attributed to the increase in the need for packaged foods.
High barrier packaging is a superior form of packaging procedure used to retain product quality and freshness. It is typically used to protect the products from deteriorating or depleting natural quality due to some external conditions such as moisture, air, dust, and other components. The packaging has wide range of applications across several industries including pharmaceutical, food & beverage, and agriculture.
High Barrier Packaging Films Market Trends, Drivers, Restraints, and Opportunities
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Increasing demand for robust packet bags and pouches style for product protection and preservation by several end-users is expected to drive market in the coming years.
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Growing demand for processed-foods that retain a longer shelf life is a primary driver propelling the market.
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Rising popularity of ready-to-eat package food, cheap raw materials, as well as the availability of low labour costs present key factors for market expansion.
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Susceptibility to degradation as well as concerns about the safety and quality of packaged foods are major hurdles that can hamper the market growth during the forecast period.
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Rising need for biodegradable packaging films considering the strict government regulations towards sustainable environment across the globe is expected to open up profitable opportunities for the market growth.
Scope of High Barrier Packaging Films Market Report
The report on global high barrier packaging films includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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High Barrier Packaging Films Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Blister Packs, Forming Webs, Pouches & Bags, Stand-Up Pouches, Tray Lidding Film, and Wrapping Film), Technology (Besela Barrier Film, Multi-layer Film, Sustainable Barrier Coatings, and Others), Materials (Polyvinyl Chloride, Polyethylene, Polypropylene, and Others), and Applications (Agriculture, Beverages, Food & Pet Food, Pharmaceutical & Medical, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Amcor plc; Mondi; Cosmo Films Ltd.; UFlex Limited; WINPAK LTD.; Berry Global Inc.; Glenroy, Inc.; Constantia Flexibles; Sealed Air; and MULTIVAC
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High Barrier Packaging Films Market Segment Insights
Pouches & bags segment is projected to hold significant market share
Based on product types, the global high barrier packaging films market is segmented into blister packs, forming webs, pouches & bags, stand-up pouches, tray lidding film, and wrapping film. The pouches & bags segment is projected to hold significant market share owing to the increasing demand in the healthcare & pharmaceutical, personal care & cosmetics, and food & beverage industries. Pouch packing allows for additional storage, which make the packing easy to transport and open, safe to handle, and consistent dispensing outcomes.
Besela barrier film segment is anticipated to account for substantial share
On the basis of technology, the market is segmented into besela barrier film, multi-layer film, sustainable barrier coatings, and others. The besela barrier film segment is anticipated to account for substantial share of the market due to the growing demand for ready-to-eat and processed packaged foods. The besela barrier film is widely used in the packaging of foods & beverage products as it allows to retain the original quality of products and retain the shell life.
Polyethylene segment to expand at a healthy growth rate
In terms of materials, the global high barrier packaging films market is fragmented into polyvinyl chloride, polyethylene, polypropylene, and others. The polyethylene segment is projected to expand at a healthy growth rate during the forecast period owing to the growing need to replace metal and glass with polyethylene films. Moreover, the increased demand for hygienic and durable food packaging materials as well as consumer environmental concerns due to its excellent moisture barrier characteristics present another key factors driving the segment. Owing to their outstanding moisture barrier qualities, low cost, and transparency; inorganic oxide coatings are expected to be a fast-growing category during the forecast period.
Pharmaceutical & medical segment to register a robust pace in the coming years
Based on applications, the market is divided into agriculture, beverages, food & pet food, pharmaceutical & medical, and others. The pharmaceutical & medical segment is anticipated to register a robust pace in the coming years. Plastic is used as the principal packaging material since it protects pharmaceutical products from odour and oxygen filtration, as well as water vapour transmission, contamination, moisture, and bacteria. Polypropylene high-barrier films have a high melting point, making them excellent for boilable and sterilized goods. Furthermore, as the demand for high-quality pharmaceutical packaging grows, so does the demand for bags and pouches packaging since it protects the product from all external influences such as light, gases, moisture, biological contamination, and mechanical damage.
Asia Pacific is expected to dominate the market
In terms of regions, the global high barrier packaging films is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market due to the rising demand for processed food products and strong growth in the food & beverage industry as a result of rising urbanization. Moreover, increased health awareness, rising disposable income levels, development of cold chain systems, government support for the food processing sector, and rising demand for pet food present another key factors driving the regional market. The market growth is further accelerated by high demand from end-users such as pharmaceutical, food & beverage, and agricultural in major economies such as India, Japan, and China.
Segments
The global high barrier packaging films market has been segmented on the basis of
Product Types
- Blister Packs
- Forming Webs
- Pouches & Bags
- Stand-Up Pouches
- Tray Lidding Film
- Wrapping Film
Technology
- Besela Barrier Film
- Multi-layer Film
- Sustainable Barrier Coatings
- Others
Materials
- Polyvinyl Chloride
- Polyethylene
- Polypropylene
- Others
Applications
- Agriculture
- Beverages
- Food & Pet Food
- Pharmaceutical & Medical
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Amcor plc
- Mondi
- Cosmo Films Ltd.
- UFlex Limited
- WINPAK LTD.
- Berry Global Inc.
- Glenroy, Inc.
- Constantia Flexibles
- Sealed Air
- MULTIVAC
Competitive Landscape
Key players competing in the global high barrier packaging films market are Amcor plc; Mondi; Cosmo Films Ltd.; UFlex Limited; WINPAK LTD.; Berry Global Inc.; Glenroy, Inc.; Constantia Flexibles; Sealed Air; and MULTIVAC. These players have actively adopted various market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
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