Packaging Barrier Films Market to Witness Robust Expansion throughout the Forecast 2020 – 2030

The expansion of the barrier film market is augmented by the high demand for superior films, due to the increasing barrier requirements in numerous end-user sectors. Nevertheless, the packaging barrier films market is likely to encounter several challenges due to the COVID-19 pandemic as costs of transport, power, raw materials, and labor has increased.

The packaging barrier films market is anticipated to surpass a valuation of US$ 13 Bn by the conclusion of the assessment period in 2027. The packaging barrier films market is expected to face a number of challenges owing to the coronavirus pandemic as costs of labor, raw materials, power, and transport has increased. On the other hand, while demand for packaging barrier films has fallen marginally, many countries have designated packaging films as essential items, which has proven useful to sustain operations throughout the crisis period.

“Stand-up pouches made from barrier films are rapidly replacing plastic and glass packaging alternatives owing to lower costs and higher convenience levels. Further, packaging barrier films use lesser materials and are lighter than rigid packaging options, thereby boosting adoption and revenues,” says the FMI analyst.

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Packaging Barrier Films – Key Takeaways

Pharmaceutical applications are anticipated to contribute significantly to revenues, driven by higher investments in healthcare and drug formulations that require protection from contaminants.

PET based packaging films are highly sought after owing to superior barrier characteristics against oxygen and water vapor.
Asia Pacific is displaying high production and consumption of packaging barrier films owing to extensive pharma and processed food packaging applications.

Packaging Barrier Films – Driving Factors

Niche applications of barrier films in packaging of electronic items such as OLED and photovoltaic material generates lucrative opportunities.
Cost benefits for end user industries in logistics and material costs are a key factor that drive the adoption of packaging barrier films.
Packaging Barrier Films – Key Constraints

Environmental concerns associated with the production and disposal of conventional packaging barrier films hurt market prospects.
Lack of adequate recycling facilities and technologies for flexible packaging formats hold back market growth.
The Anticipated Impact of Coronavirus

The coronavirus pandemic will negatively impact the packaging barrier films market owing to high production costs from fluctuating raw material supplies, and shortage of manpower. In addition, the lockdown has caused suspension of production, and disrupted supply chains in the short term. However, the designation of barrier packaging films as essential items, and applications in FMCG sector will help players to sustain operations and partially cut losses during the crisis period.

Explore the global packaging barrier films report with 301 illustrative figures, 310 data tables and the table of contents. You can also find a comprehensive market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-5000

Competition Landscape

Leading players in the packaging barrier films market include but are not limited to KOROZO Ambalaj San.ve Tic A.S, Amcor Ltd., VF Verpackungen GmbH, Bemis Company Inc., Lietpak, Uflex Ltd., Flexopack SA, Sealed Air Corp., Sudpack Verpackungen GmbH & Co. KG, Mondi plc, Supravis Group SA, and Huhtamaki Oyj.

Manufacturers are primarily pushing for circular economy initiatives to set up recycling facilities and developing recyclable or biodegradable packaging barrier film options, to bolster portfolios and meet consumer bias towards eco-friendly products.

For instance, Mondi plc has collaborated with Hutthaler for the development of a completely recyclable, mono-material, thermoforming barrier film for meat packaging applications. Innovia Films has collaborated with Wildcorn for fully recyclable packaging barrier film pouches for its popcorn products. Also, Amcor Ltd. has unveiled AmLite, a polyolefin, ultra-recyclable packaging film for food, personal care, and pharma packaging applications.

More About the Report

The FMI’s market research report offers detailed insights on packaging barrier films. The market is scrutinized on the basis of application (pouches, blister pack base web, shrink films, stretch wrap, sachets, and lids), material (PE, BOPET, PP, Aluminum, Inorganic oxides, nylon, PVDC, EVOH, and others), barrier type (low, medium, high, and ultra-high), end use (food & beverages, pharmaceuticals, personal care, home care, and electronics) and film type (metallized films, inorganic oxide coated films, organic coated, and coextruded films), across five key regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Packaging Barrier Films Market Report Scope

Key Regions Covered North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East & Africa (MEA)
Key Countries Covered U.S, Canada, Mexico, Brazil, Peru, Chile, Poland, Germany, Italy, Spain, United Kingdom, Nordic Region, Benelux, Rest of Europe, China, India, Japan, Korea, Indonesia, Malaysia, Singapore, Taiwan, Thailand, Rest of South Asia, Australia, New Zealand, GCC, Turkey, South Africa, and Rest of MEA
Key Segments Covered Product type, Material type, Barrier type, Application, End Use, and Region
Key Companies Profiled
Mondi Plc
Huhtamaki Oyj
Winpak Ltd.
Atlantis Pak Co. Ltd.
Glenroy, Inc.
Uflex Ltd.
Plastissimo Film Co., Ltd.
Bischof & Klein GmbH.
Ampac Holdings, LLC
Schur Flexibles Holding GesmbH
Linpac Packaging Limited
Clondalkin Group Holdings B.V.
Accredo Packaging, Inc.
Sigma Plastics Group, Inc.
Krehalon Industrie B.V.
Supravis Group S.A.
Sudpack Verpackungen GmbH & Co. KG
Flexopack SA

Report Coverage Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Analysis, Segmental Analysis, Regional Profiling, Market Structure & Competition Analysis

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