Global Oxygen Barrier Films & Coatings Market for Dry Food Expected to Grow at 5.8% CAGR from 2021-2028, with Pouches Maintaining Dominance

The Global Oxygen Barrier Films and Coatings for Dry Food Market is expected to catapult to higher growth trajectory, with a solid Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period, 2021-2028, according to the recent publication by Dataintelo. As per the study, pouches led the market in 2017 owing to their convenience and portability features, and they are expected to continue to maintain dominance throughout the forecast period.

The report showcases the remarkable growth of the oxygen barrier films and coatings market for dry food, crediting its trajectory to the different types of products in demand. Apart from pouches, lid stocks, bags & sacks, trays & cups, and labels are other major segments predicted to power this market through the forecast period.

The increased preference for convenient and portable packaging solutions among consumers has driven the demand for pouches, leading to its strong presence in the market. Lid stock also remains a key contributor, followed by bags & sacks, trays & cups, and labels.

Oxygen barrier films and coatings are integral components in the packaging industry, particularly for dry foods. They ensure the durability and longevity of the product, maintaining freshness and potentially extending the shelf life of foods. Given the continuously increasing global demand for dry foods, manufacturers are constantly focusing on enhancing their packaging solutions, resulting in robust growth in the oxygen barrier films and coatings market for this sector.

Despite the challenges faced due to the global pandemic, the industry is anticipated to recover and thrive, contributing significantly to the manufacturing and packaging industries. This report from Dataintelo provides comprehensive insights into the current trends, market dynamics, and future prospects of the Global Oxygen Barrier Films & Coatings For Dry Food Market

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/12116

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The oxygen barrier films & coatings for dry food market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Pouches
● Lid Stock
● Shrink Films
● Wrappers

𝐒𝐮𝐛𝐬𝐭𝐫𝐚𝐭𝐞
● Plastic
● Glass
● Metal
● Paper

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Baked Goods
● Confectionery
● Rice
● Pasta & Noodles
● Cereals
● Snack Foods
● Coffee & Tea
● Spices & Seasonings

𝐄𝐧𝐝-𝐔𝐬𝐞𝐫
● Food & Beverages
● Pharmaceuticals
● Electronics

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Amcor
● Bemis
● American Pouch
● Dupont
● Teijin Films
● Honeywell



Segment Analysis:

In the oxygen barrier films & coatings market for dry food, different types such as pouches, lid stock, shrink films, and wrappers are used to secure the food product and maintain its freshness. Each of these types add an extra layer of protection due to their unique properties. For instance, pouches are helpful in reducing packaging waste because they are compact, lightweight, and offer high oxygen barrier properties. They are typically made up of multiple layers of plastic, with an oxygen barrier film in the middle. Lid stocks are used to seal the top of food containers, providing a complete barrier against oxygen, moisture, and contaminants. Shrink films and wrappers are used predominantly for packaging individual items within a larger package.

In terms of substrate, oxygen barrier films can be either plastic, metal, glass or paper. Each substrate offers different levels of protection and has different applications. For instance, plastic films are versatile and can be used across many forms of packaging, while glass and metal are predominantly used in cans and jars. Application-wise, these oxygen barrier films and coatings are extensively used across a number of sectors such as baked goods, confectionery, rice, pasta & noodles, cereals, snack foods, coffee & tea, and spices & seasonings. The end users of these materials are wide-ranging, covering sectors right from food & beverages, pharmaceuticals, to electronics.

Regional Analysis:

Geographically, the market is divided into Asia Pacific, North America, Latin America, Europe, Middle East and Africa. The Asia Pacific region, with its burgeoning population and increasing propensity to consume packaged food, represents a significant share of the oxygen barrier films & coatings market. Similarly, North America and Europe have traditionally been strong markets due to a high prevalence of dry food consumption and the presence of key industry participants.

Latin America is a growing market due to rapid urbanization and increasing demand for packaged food in the region. The Middle East and Africa are expected to show growth over the forecast period, contingent on rising consumer awareness and availability of packaged dry foods. Several key players operate in the global oxygen barrier films and coating market for dry food, including but not limited to Amcor, Bemis, American Pouch, Dupont, Teijin Films, and Honeywell. These companies play a significant role in shaping the market dynamics in the respective regions

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/12116

Market Drivers:

1. Increasing Demand for Packaged & Processed Foods: As consumers' lifestyles continue to evolve towards more convenience, the demand for packaged and processed foods is sky-rocketing. This is driving the market for oxygen barrier films and coatings for dry food as these materials help in maintaining the quality and extending the shelf life of the products.

2. Stringent Food Safety Regulations: Many global jurisdictions are implementing stringent food safety regulations to protect consumers, driving food manufacturers to adopt high standards of packaging, including the use of oxygen barrier films and coatings.

3. Rising Consumer Awareness: Increasing awareness about the harmful effects of food spoilage and wastage is driving consumers towards products with better shelf-life, which in turn boosts the market for oxygen barrier films & coatings.

4. Technological Advancements: Innovations in barrier packaging technology have led to the development of more effective and efficient oxygen barrier films and coatings, thus accelerating the growth of this market.

Opportunities:

1. Emerging Markets: Developing economies like Asia Pacific, Middle East, and Africa offer significant growth opportunities due to rapid urbanization, growing middle-class population, and increasing disposable income.

2. Sustainable Packaging Solutions: The increasing environmental concern among the consumers is likely to create a significant demand for biodegradable and sustainable oxygen barrier films and coatings, offering considerable growth opportunities for players in this market.

3. E-commerce Boom: E-commerce platforms are rising rapidly, creating multiple opportunities for the barrier film and coating industry. These platforms necessitate the need for products with a longer shelf span, which can withstand long shipping durations.

4. Innovation and Research: Continuous innovation and research in the field of oxygen barrier technology can lead to the development of advanced and cost-effective solutions, creating abundant opportunities for the market players

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/12116

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