Oxygen Barrier Films & Coatings For Dry Food Market | Top Key Players - Sealed Air, Shako Flexipack, Jindal Ploy Films, Berry Global, Inc., Raven Industries, Inc

Global oxygen barrier films & coatings for dry food market is anticipated to amass considerable gains, owing to a high demand for convenient features in food packaging to improve the storage conditions.

Changing eating habits and significant shift in preference towards consuming snacks and other appetizers are on the rise. Packaging keeps the product safe during shipment and prevents damage in both storage and retail. Ease in handling, coupled with food spoilage prevention are expected to amplify the oxygen barrier films & coatings for dry food market expansion over the projected timeframe.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3106

Considerable attention to packaging with high visual appeal to drive market growth

The global industry is witnessing a rapid inclination of consumers towards packaged foods. This changing consumer behavior mostly stems from their shifting requirements in terms of eating habits, which can potentially make a significant contribution to industry growth.

Product differentiation strategy used by businesses in the form of enhanced shelf appearance and attractive packaging will provide an opportunity for the oxygen barrier films & coatings for dry food market to grow exponentially over the forecast spell. High barrier films can significantly safeguard sensitive products from gases, vapor, and moisture. Rising demand for product packaging to improve their durability and shelf life is witnessing a considerable surge.

Strict regulatory policies regarding material recyclability may hinder business growth

The use of oxygen barrier films and coatings made predominantly with combinations of tie-layer, nylon, PE or EVOH films, for packaging of food has gained prominence over the years. However, the presence of nylon and EVOH, while providing suitable oxygen and puncture resistance, makes the product hard to recycle, which in turn, poses a considerable challenge for market expansion, given the growing environmental concerns and stringent regulatory mandates regarding the recyclability of products.

Favorable regulatory policies and changing consumer eating habits to make greater impact on market trends

Lack of government regulations and limitations regarding the adoption of packaging raw materials, alongside low costs as compared to rigid packaging are anticipated to positively impact the global market trends. These raw materials are comparatively lighter in nature and aid in the overall reduction of transportation costs.

With regards to the material spectrum, the metallized films segment accounted for more than 35% of the market share in 2018. Rising popularity of this segment can be attributed to its visual and technical benefits. Metallized films are highly permeable with respect to gas & oxygen and have an attractive decorative appearance, which will augment the industry demand in years ahead.

Additionally, the global market from the transparent films segment is expected to register revenue of nearly $300 million by 2025. Transparent films are more appealing to customers owing to their attractive and see-through appearances.

In terms of segmentation by packaging type, the pouches & bags segment held nearly 60% of the oxygen barrier films & coatings for dry food market share in 2018.

Oxygen barrier films & coatings for dry food market demonstrate robust usage in various applications such as dried soups, breakfast cereals, rice, noodles, bakery ingredients, and savory snacks. Packaging type such as lid stocks also observed a wide adoption to cover trays.

The global oxygen barrier films & coatings for dry food market from the baked goods application segment will hold a dominant position over the forecast spell, owing to mounting consumption of baked items and shifting consumer eating habits. The savory snacks segment, on the other hand, accounted for around 15% of the overall market demand in 2018.

Request for customization @ https://www.gminsights.com/roc/3106

High purchasing power of urban population to boost oxygen barrier films & coatings for dry food industry growth

The oxygen barrier films & coatings for dry food industry in Asia Pacific is projected to be valued at nearly $350 million by 2025. The regional industry slated to proliferate at a rapid pace due to rapid urbanization and increasing consumer spending on food items.

The competitive landscape of the oxygen barrier films & coatings for dry food market comprises key industry participants such as Dupont Teijin Films, Amcor, Honeywell, American Pouch, and Bemis. These firms are focused on the development of innovative materials for enhanced quality & sustainability.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.