Report on Transparent Barrier Packaging Films Market Segmentation and Analysis 2023

Market Research Future published a research report on “Transparent Barrier Packaging Films Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Transparent Barrier Packaging Films Market By Material (Polyvinylidene chloride (PVDC), Ethylene vinyl alcohol (EVOH), Polypropylene (PP), and others), By End-Users (Food, Healthcare, Consumer Goods and others), & by Region - Global Forecast to 2023

Market Scenario

The growth of global transparent barrier packaging films market can majorly be attributed to increased consumption of processed food items and ready to eat food products. In addition, rapid urbanization coupled with changing food preferences of consumers due to increasing disposable income is expected to boost the market growth. However, rising competition from substitutes such as aluminum foil is the major restraint that could hinder the market growth.

Based on end-users, food segment accounted for the largest share in 2016, owing to rising acceptance of packaged food products across the globe. The food products that are packaged using these films contain less preservatives compared to canned food products, helping the health conscious consumers. In consumer goods, the products packaged with transparent barrier packaging films have longer shelf life, less prone to environmental factors such as moisture and UV.

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The global transparent barrier packaging films market has the highest share in Asia-Pacific. Factors such as surging demand for processed food, increasing purchasing power of consumers across the globe and the growth of developing economies such as China and India is driving the growth of the market. In addition, the growing e-commerce industry and international trade will also augment the demand for transparent barrier packaging films in the region. Furthermore, the presence of large untapped consumer base will provide considerable growth opportunities to the market in the region.

Amcor Ltd. (Australia), Bemis Company, Inc. (U.S.), 3M Company (U.S.), Mitsubishi Plastic (Japan), AMPAC (U.S.), Berry Global, Inc. (U.S.), Innovia Films (U.K.), Toppan Printing Co., Ltd. (Japan), Daibochi Plastic & Packaging Industry Bhd (Malaysia), and LINPAC Group (U.K.) are some of the leading players operating in the global transparent barrier packaging films market.

Transparent barrier packaging films are made of plastic and can be moulded into various shapes. This films offer transparency to the product and protect them against gases, dust, moistness, and aroma. The global transparent barrier packaging films market is anticipated to grow at a CAGR of 5.45% during the forecast period.

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