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Transparent Barrier Packaging Film Market worth $16.45 billion by 2030, growing at a CAGR of 7.51% - Exclusive Report by 360iResearch

02-29-2024 01:00 PM CET | Chemicals & Materials

Press release from: 360iResearch

Transparent Barrier Packaging Film Market | 360iResearch

Transparent Barrier Packaging Film Market | 360iResearch

The "Transparent Barrier Packaging Film Market by Material (Ethylene-Vinyl Alcohol (EVOH), Polychlorotrifluoroethylene (PCTFE), Polyethylene Terephthalate (PET)), Application (Consumer Goods, Food & Beverages, Household Care Product Packaging) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Transparent Barrier Packaging Film Market to grow from USD 9.90 billion in 2023 to USD 16.45 billion by 2030, at a CAGR of 7.51%.

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Transparent barrier packaging film is a type of packaging material designed to be both visually clear and resistant to the passage of gasses, aromas, and moisture. This specialized film ensures that packaged goods are protected against external environmental factors while allowing the product to be visible to the consumer. It is generally used in the food and pharmaceutical industries to extend shelf life and maintain the quality of the contents by providing a protective barrier against oxygen, carbon dioxide, and other gasses that can lead to degradation or spoilage. In the electronics industry, it is used for packaging sensitive electronic components to prevent damage from moisture and other contaminants. Several factors contribute to the growth of the transparent barrier packaging film market, including an increase in the demand for packaged food products due to changing consumer lifestyles, growth in the pharmaceutical industry where product integrity is critical, and increasing awareness of the importance of extending product shelf life and reducing food waste. However, the transparent barrier packaging film market faces certain challenges, such as fluctuating raw material costs that can impact profitability and competition from substitute products offering similar barrier properties at a lower cost. On the other hand, environmental concerns, the shift towards sustainable packaging solutions, the development of bio-based barrier films, and the expanding eCommerce industry necessitating robust packaging solutions present potential opportunities for the market to grow in the coming years.

In the United States, the demand for transparent barrier films is primarily driven by the food and pharmaceutical industries. Consumers in this region show an increased preference for packaged food with a longer shelf life, leading to a need for efficient barrier properties against moisture, oxygen, and other gasses. Canadian consumers are environmentally conscious, which has steered the market towards more eco-friendly packaging solutions. South America is witnessing substantial growth, with Argentina emerging as a growing market with increasing demand in the food and medical sectors and Brazil's robust food industry and active pharmaceutical sector. The EU market for transparent barrier films is heavily influenced by stringent regulations on packaging waste and recycling targets. Consumer behavior in EU countries leans towards products with reduced environmental impact, driving brands to incorporate sustainable packaging solutions. Investments in these regions are often directed at material reduction and improving the circularity of packaging films. The markets in the Middle East and Africa (MEA) are emerging concerning transparent barrier films, with growth fueled by the rising food and beverage industry in these regions. The MEA market faces challenges around infrastructure and recycling. Yet, an increasing awareness and demand for quality packaging can influence future investments and technological advancements in the packaging industry. China is a leading player in the Asia Pacific market for transparent barrier films, backed by massive manufacturing capabilities and a large consumer base. The country's market is experiencing substantial growth due to increasing urbanization and disposable income. Research and development in Japan are geared toward cutting-edge technology in barrier materials and functional coatings, positioning Japan as a prominent country in the high-performance segment of transparent barrier films. India is a rapidly growing market for transparent barrier films, driven by the expanding food industry and retail sector. The convenience of packaged foods and increased health awareness have accelerated the demand for high-quality packaging films. Although the region has vast potential, local manufacturers face competition from international players.

Market Segmentation & Coverage:

This research report categorizes the Transparent Barrier Packaging Film Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Material, market is studied across Ethylene-Vinyl Alcohol (EVOH), Polychlorotrifluoroethylene (PCTFE), Polyethylene Terephthalate (PET), and Polyvinylidene Chloride (PVDC). The Ethylene-Vinyl Alcohol (EVOH) is projected to witness significant market share during forecast period.

Based on Application, market is studied across Consumer Goods, Food & Beverages, Household Care Product Packaging, Personal Care Product Packaging, and Pharmaceutical Packaging. The Food & Beverages is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.08% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Transparent Barrier Packaging Film Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Transparent Barrier Packaging Film Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Transparent Barrier Packaging Film Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amcor PLC, Bemis Company, Inc., Bemis Manufacturing Company, Berry Global, Inc., Celplast Metallized Products, Cosmo Films, Inc., Dai Nippon Printing Co., Ltd., DS Smith PLC, DuPont de Nemours, Inc., Ester Industries Ltd., Glenroy, Inc., Green Packaging Material (Jiangyin ) Co., Ltd., Innovia Films, Jindal Poly Films Limited, Mitsubishi Chemical Corporation, Mondi Group PLC, Oliver Healthcare Packaging Company, Polyplex Corporation, Sealed Air Corporation, Sonoco Products Company, Toppan Inc., Toray Advanced Film Co., Ltd., and UFlex Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Transparent Barrier Packaging Film Market, by Material
7. Transparent Barrier Packaging Film Market, by Application
8. Americas Transparent Barrier Packaging Film Market
9. Asia-Pacific Transparent Barrier Packaging Film Market
10. Europe, Middle East & Africa Transparent Barrier Packaging Film Market
11. Competitive Landscape
12. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Transparent Barrier Packaging Film Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Transparent Barrier Packaging Film Market?
3. What is the competitive strategic window for opportunities in the Transparent Barrier Packaging Film Market?
4. What are the technology trends and regulatory frameworks in the Transparent Barrier Packaging Film Market?
5. What is the market share of the leading vendors in the Transparent Barrier Packaging Film Market?
6. What modes and strategic moves are considered suitable for entering the Transparent Barrier Packaging Film Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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