Barrier Films Market Size, Revenue Share, Drivers & Trends Analysis, 2028 | Top Key Players Amcor Plc, Raven Industries, Inc., Berry Global, Inc., Toppan Printing Co., Ltd.,etc

The global barrier films market size is expected to reach USD 42.83 Billion in 2028 and register a revenue CAGR of 4.7% over the forecast period, according to the latest report by Reports and Data. The global population is increasing steadily and driving rapid increase in food demand, which in turn resulting in raising concerns regarding food sustainability, and these are some key factors expected to continue to drive revenue growth of the global market over the forecast period.

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Customers' busy lifestyles are driving up demand for packaged foods, resulting in a rising need for barrier films. Products using barrier films have a longer shelf life and require fewer preservatives. Barrier films can also be used as a printing substrate to improve the visual appeal of the product. In the food and beverage industry, standard packaging types are making the transition to lighter, easier-to-transport packaging. Barrier films help fulfil this demand since they are lighter than rigid packaging and reduce the use of glasses and cans, which add weight to the package. Increasing growth of large retail chains has been supporting barrier film market growth. Because of the increased focus on cost reductions and shelf-life extensions, retail chains are raising demand for packaged food, electronic devices, and pharmaceutical products, and firms are rapidly using barrier films. However, susceptibility to degradation and concerns regarding recycling of multilayer films are expected to restrain market growth to a certain extent over the forecast period..

The afore-mentioned factors collectively create drivers for the market growth while factors such as derogatory effects of barrier films pose limitations in the market. These unfavorable factors include the susceptibility to deformation and degradation, along with the inconsistent market prices for raw materials used in production. These factors bring in restraints for the market growth, which are being overcome with further research in the field along with higher commercialization of these products in the general consensus.

Major players in the market include: Amcor Plc, Raven Industries, Inc., Berry Global, Inc., Toppan Printing Co., Ltd., Jindal Poly Films Limited, Sealed Air Corporation, Bemis Company, Inc., Mondi plc, Winpak Ltd., and Cosmo Films Limited

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Some Key Highlights From the Report:

Polyethylene (PE) segment is expected to account for largest revenue share during the forecast period. Polyethylene is used in boxes, trays, dairy and soft drink bottles, food packaging coverings, jerry cans, drums, and industrial bulk containers.

Oxygen & other gas resistance segment is expected to register robust revenue growth over the forecast period. Films are shielded from oxygen and other gases to prevent oxidation. Oxidation is responsible for the degradation of substrates and products. Food items deteriorate, producing an undesirable flavor and odor, and this is boosting demand for barrier films with oxygen and other gas resistance properties.

Food & beverage segment is expected to account for largest revenue share in the global market over the forecast period owing to rising demand for barrier films in food and beverage industries for packaging. Barrier film technologies protect food against deterioration by reducing and preventing oxygen and water vapor penetration.

Asia Pacific is expected to account for fastest revenue growth rate over the forecast period. Rising demand for barrier films to protect electrical parts among electronics manufacturing companies in China, India, Japan, and South Korea is expected to drive market growth.

For the purpose of this report, Reports and Data have segmented into the global Barrier Films Market on the basis of contaminant type, material type, end-users, and region:

Material Outlook (Volume, Tons; Revenue, USD Billion; 2018-2028)

Polypropylene (PP)

Polyethylene Terephthalate (PET) / Biaxially-oriented Polyethylene Terephthalate (BoPET)

Polyamide

Organic Coatings (PVOH, EVOH, PVDC)

Polyethylene (PE)

Inorganic Oxide Coatings (Silicon Oxide, Aluminum Oxide, Silicon Nitride Coatings)

Others (PS, PC, PTFE, PEN, PVC, BOPP, EVA)

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Properties Outlook (Volume, Tons; Revenue, USD Billion; 2018-2028)

Corrosion Resistance

Oxygen & Other Gas Resistance

Moisture Resistance

Others

Type Outlook (Volume, Tons; Revenue, USD Billion; 2018-2028)

Low Barrier

Medium Barrier

High Barrier

Ultra-High Barrier

End-Use Outlook (Volume, Tons; Revenue, USD Billion; 2018-2028)

Pharmaceutical Packaging

Food & Beverage Packaging

Agriculture

Electronics

Aerospace

Automotive

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