High barrier packaging films are the packaging materials having a thickness of more than 25 ?m. They used for providing oxygen and moisture barrier protection for end-use products like pharmaceuticals, food, beverages, chemicals, and others. High barrier packaging films play a significant role in extending the shelf-life of the product, also aids in making the structure completely recyclable with all layers belonging to the same family of polymers. Increasing requirement of customers for convenience and product safety are promoting the demand for high-barrier packaging films.
MARKET DYNAMICS
Packaging applications for food and beverage are anticipated to contribute a major share to the market growth. High incentives from producers, retailers, and consumers to reduce wastage of packaging material, and to increase product shelf life is positively impacting the market growth. The rising demand for fresh foods, such as meat, vegetables, fruits, and seafood, has enhanced the demand for high barrier films. Manufacturers are striving to develop high barrier packaging films, primarily for shelf-ready products, that offer ease of peel. For instance, Schur Flexibles Holding offers advanced high barrier packaging films for case-ready and processed products. Moreover, pharmaceutical and medical products is another major market for high barrier packaging films. This industry is projected to grow at a fast pace, owing to the increased healthcare spending and new drug formulations that require higher barrier packaging.
MARKET SCOPE
The "Global High Barrier Packaging Film Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the high barrier packaging film market with detailed market segmentation by packaging product, material, end user industry and geography. The global high barrier packaging film market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading high barrier packaging film market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global high barrier packaging film market is segmented on the basis of packaging product, material, end user industry. On the basis of packaging product, high barrier packaging film market is classified into bags and pouches, blister packs, tray lidding films, and wrapping films and forming webs. On the basis of material, market is segmented into polyethylene, biaxially oriented polyethylene terephthalate, polypropylene, polyvinyl chloride, and others. On the basis of end user industry, market is segmented into food and beverages, pharmaceutical and medical, personal care and home care, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global high barrier packaging film market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The high barrier packaging film market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the high barrier packaging film market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the high barrier packaging film market in these regions.
MARKET PLAYERS
The reports cover key developments in the high barrier packaging film market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from high barrier packaging film market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the high barrier packaging film market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the high barrier packaging film market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amcor PLC
- American Pouch Converters, Inc.
- Bemis Company, Inc.
- Berry Global Inc.
- Constantia Flexibles
- FLAIR Flexible Packaging Corporation
- HPM Global, Inc.
- Huhtamaki Group
- Mondi Group
- Sealed Air Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.