Press release
High Performance Barrier Films Market is expected to reach US$ 15.6 Billion in 2032
Future Market Insights
Food packaging accounts for almost 70% in the global high-performance barrier films demand. High-performance barrier films are manufactured using resins such as PET, EVOH, PTFE (polytetrafluoroethylene), PVdC, polyamide, polyethylene naphthalene (PEN), aluminum and others. High-performance barrier films find application in industries including packaging, construction, automobile, electronics & electricals. High-performance barrier films exhibit features such as chemical resistivity, high tear strength and high tensile strength.
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Advancement in technology, particularly in fields such as pharmaceutical drug formulation, electronics, food processing. Technological advancement in high-performance barrier films has increased demand for protective packaging and solutions which improve the shelf-life of the product while maintaining low permeation rate and its integrity. The growth of non-food markets such as pharmaceuticals and cosmetics and toiletries is much higher than food high-performance barrier films application. High-performance barrier films resin manufacturers continue to develop and improve plastic films and additives for packaging production.
Global high-performance barrier films: Dynamics
Rising demand for high-performance barrier films in solar PVs and semiconductor insulations expected to boost demand. Additionally, high-performance barrier films are used in food processing industry and pharmaceutical blister packaging, which is expected to fuel the demand during the forecast period. Over 65% of high-performance barrier films are used for packaging purpose. Growing application of chemically inert and flexible material for packaging food and beverages is likely to fuel high-performance barrier films growth. The rising consumer awareness for food hygiene and safety is expected to boost demand for high-performance barrier films.
Some high-performance barrier films manufacturers are adopting sustainability strategies by creating renewable cellulose-based barrier and biodegradable films. For instance Innovia Films and Sappi Fine Paper Europe have combined their compostable substrates - Innovia's 'NatureFlex' and Sappi's 'Algro Nature' - that provides a packaging solution that offers for either industrial or home composting.
The demand for food with a high quality and most importantly longer shelf life has led to the increase in the demand for multilayer film structures that can keep the food product fresh or consumable for several days. Recycling becomes a particular problem with multi - layer barrier films structures containing more than one type of plastic. As high-performance barrier films are difficult to separate and may hamper the growth.
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Global high-performance barrier films: Regional Outlook
Geographically, the high-performance barrier films market is segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa (MEA). The US & Germany is expected to be a mature market in the high-performance barrier films market. While, India & China are expected to witness the maximum growth of high-performance barrier films during the forecast period mainly due to the changing consumer life style and the demand for packaging that increases the shelf life of the product.
Emerging and developing economies such as India, Indonesia, and Vietnam etc. are forecast to grow at twice the rate of matured countries such as the US, Germany, Italy, France etc. and offer the lucrative opportunities for the high-performance barrier films market. GCC Countries and South Africa are also expected to experience an above average growth in the high-performance barrier films market.
Global high-performance barrier films: Key Manufacturers
Avery Dennison Israel Ltd
Sigma Technologies Int'l, LLC
Cosmo Films Limited
Jindal Poly Films Limited
Perlen Packaging AG
Honeywell International Inc.
Toray Plastics (America), Inc.
Taghleef Industries LLC.
Klöckner Pentaplast Europe GmbH & Co
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with cosmetic containers market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes -
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)
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Global high-performance barrier films: Segmentation
On the basis of material, the Global high-performance barrier films market is segmented on the basis of material in to:
Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
Polylactic acid
On the basis of material, the Global high-performance barrier films market is segmented on the basis of packaging format in to:
Bags & Pouches
Stand-up Pouches
Retort
Non-Retort
Tray Lidding Films
Forming Webs
Wrapping Films
Blister Pack Base Webs
On the basis of material, the Global high-performance barrier films market is segmented on the basis of end-use in to:
Food & Beverage
Pharmaceuticals
Electronics
Construction
Agriculture & Allied Industries
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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