Press release
High Barrier Packaging Films Market Expansion Projected to Gain an Uptick During 2018 to 2024 // Key Players Covered viz. Amcor Limited , Bemis Company, Inc. , Ampac Packaging LLC , The Mondi Group (Austria), Sealed Air Corporation , Constantia Flexibles
High barrier packaging films offer protection from external stimulus to avoid the degrading of product quality. They find application across the various end-use industry but food and beverage is one of the most prominent application areas for high barrier film packaging .Barrier protection is an increasingly important priority for maintaining shelf life and product integrity in globalised supply chains. High barrier films in flexible packaging are often used to ensure product integrity and maintain quality inn case of water permeation moisture, oil, oxygen, aroma, flavor, gas, and light.
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Global High Barrier Packaging Films Market was valued USD 20 billion in in 2018, the market is expected to grow with the CAGR of 7.3 % in the forecasted period by 2028. Companies across the globe are switching to modern packaging techniques such as Vacuum Skin Packaging, Aseptic Packaging, Modified Atmospheric Packaging, etc. for high barrier packaging films applications have attracted by the benefits associated with such techniques in comparison to conventional methods. Furthermore, owing to the benefit of extended shelf-life of new technology packaging used in high barrier packaging films.
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Global high barrier packaging films market has been segmented as material, product, technology, application and region. On the basis of material, the market is segmented as Bio plastics, Polypropylene, Polyvinyl Chloride, Polyethylene, Ethylene Vinyl Alcohol, Low-Density Polyethylene and Linear Low-Density Polyethylene, Transparent high barrier films and others. Polyethylene is the largest and the fastest growing of all material segments, and is expected to be the fastest growing material segment. Majority of the end users use LDPE for high barrier packaging films.
On Mindaspire’s Regional analysis high barrier film packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe is a major market for high barrier film packaging both in terms of demand and manufacturing capacity, followed by high barrier film packaging market in North America.
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Key players Analysis:
Some Major Key players in High Barrier Packaging Films Market are Amcor Limited , Bemis Company, Inc. , Ampac Packaging LLC , The Mondi Group (Austria), Sealed Air Corporation , Constantia Flexibles Group GmbH , Berry Plastics Corporation , Coveris Holdings S.A. , Sonoco Products Company , Wipak Walsrode GmbH & Co. KG (Germany), Huhtamaki Group (Finland), Printpack Inc. , Linpac Packaging Limited , and Sigma Plastics Group .
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Greatest market expansion by value and volume
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A comprehensive list of key market players along with the analysis of their current product portfolios and recent development
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