Pharmaceutical High Barrier Packaging Films Market to Reach USD 812.5 Million by 2033, Growing at 5.3% CAGR | FMI

The global high barrier packaging films for pharmaceuticals market is set for significant growth, with its market size projected to surpass USD 812.5 million by 2033. The market, currently valued at USD 484.8 million in 2023, is expected to register a CAGR of 5.3% throughout the forecast period, as pharmaceutical companies increasingly invest in advanced packaging solutions.

Key characteristics driving the market include heightened investment in research and development focused on innovative packaging formats and materials. As the industry progresses, the global market volume for high barrier packaging films for pharmaceuticals is forecasted to grow by 1.5X during the projection period.

The global demand for high barrier packaging films in pharmaceuticals is primarily influenced by the application of these films in various packaging formats. Blisters, bags, and pouches are the most commonly used formats that incorporate barrier materials.

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Among these, blister packaging is preferred for solid pharmaceuticals due to the convenience and advantages of unit dosing over bulk packaging. In contrast, bags and pouches are favored for pharmaceutical powders and bulk packaging.

Regionally, Europe stands out as a key market, with a strong preference for blister packaging due to its widespread use in the pharmaceutical sector. Meanwhile, North America is emerging as a large market for high barrier packaging films, particularly in the packaging of pharmaceutical bags and pouches.

Prominent Drivers of the High Barrier Packaging Films for Pharmaceuticals Market

1. Increased Demand for Extended Shelf Life
High barrier packaging films protect pharmaceutical products from moisture, oxygen, and contaminants, extending their shelf life and ensuring product efficacy over time.
2. Growing Pharmaceutical Industry
The expansion of the global pharmaceutical sector, driven by rising healthcare needs and population growth, boosts the demand for advanced packaging solutions like high barrier films to maintain drug quality.
3. Regulatory Compliance and Safety Standards
Strict regulations concerning drug safety and packaging integrity, especially for sensitive drugs like biologics, drive the need for high barrier films to meet industry standards.
4. Advancements in Packaging Technologies
Innovations in materials and packaging technologies, such as multi-layer films and nanotechnology, enable the production of more effective high barrier films, driving market growth.
5. Rising Preference for Sustainable Packaging
Increasing demand for eco-friendly, recyclable, and lightweight packaging solutions in the pharmaceutical sector has spurred the adoption of high barrier films that align with sustainability goals.

Competitive Landscape

The global high barrier packaging films for the pharmaceuticals industry are growing organically as tight safety rules are imposed.

Key Developments in the High Barrier Packaging Films for Pharmaceuticals Market:

• ACG's high barrier ULTRASAFE and ACLAR films are coming across as being explicitly transparent and make provisions for the highest barrier against moisture and oxygen. These films go well on blister packaging machines and give better output with abysmal wastage.
• In April 2022, Toppan introduced high-barrier transparent film for applications focused on food and pharma. The new series of transparent barrier films are of a new grade that offers high-barrier performance clubbed with light shielding. The new solution has expanded the application spectrum and is present in markets in Japan and overseas.
• In January 2023, Mondi, a leading provider of paper and packaging, extended its range of Functional Barrier Papers with a packaging solution for the high barrier. This unique solution is projected to support customers in their endeavor to shift to sustainable packaging solutions. The new innovation has been driven by research and development activities, increased capacity, and more investments in novel technology.
• In November 2020, Toppan introduced full-scale sales of BOPP and PE high barrier films. The company now offers GL BARRIER films with BOPP, PE, and polyethylene (PET) substrates to support an entire range of mono-material, functional packaging. The mono-material structures are gaining traction owing to their recyclability, thus intentionally supporting the environment.

Key Players in the Global High Barrier Packaging Films for Pharmaceuticals Industry

• Amcor plc
• Bemis Company, Inc.
• Sealed Air
• KUREHA CORPORATION
• FLAIR Flexible packaging Corporation
• WINPAK Ltd.
• MULTIVAC
• DuPont, BERNHARDT Packaging & Process
• Sonoco Products Company
• Sigma Plastics Group
• Perlen Packaging
• OLIVER
• Berry Global Inc.
• Toray Plastics, Inc.
• Schur Flexibles Holding GesmbH
• ACG
• Shrinath Rotopack Pvt. Ltd.

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Key Segments Covered in High Barrier Packaging Films for Pharmaceuticals Industry Research

High Barrier Packaging Films for Pharmaceuticals Market by Product:

• Cold-Formable Films
• Coextruded Films
• Thermo-Formable Films

High Barrier Packaging Films for Pharmaceuticals Market by Material:

• Aluminium
• Plastics

High Barrier Packaging Films for Pharmaceuticals Market by Adhesion:

• Bags and Pouches
• Blisters

High Barrier Packaging Films for Pharmaceuticals Market by Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa (MEA)

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