USD 4916.02 million
Report ID: SQSG15A2051 | Region: Global | Published Date: April, 2023 | Pages: 246 | Tables: 157 | Figures: 78
Global High Barrier Films Market size was valued at USD 4916.02 million in 2021 and is poised to grow from USD 12057.17 million in 2022 to USD 19345 million by 2030, growing at a CAGR of 6.6% in the forecast period (2023-2030).
Market expansion is primarily attributable to the rising demand from the meat sector, increasing demand for high barrier packaging films for products with longer shelf lives, and growing consumer concern about reducing food waste. Additionally, manufacturers of high barrier packaging films may benefit financially from the growth in demand for biodegradable high barrier packaging films. The market for high barrier films for food packaging is anticipated to develop, although to a certain extent, it will be constrained by sensitivity to degradation.
The food and beverage industry is switching from heavy-duty packaging to lightweight, portable packaging. Barrier films assist in meeting this need since they are more flexible than rigid packaging and do not contain glass or cans, which add to the packaging’s weight. The barrier film also effectively prevents water vapour from coming in contact with delicate foods and oxygen transfer. All of these elements are anticipated to fuel the demand high barrier films used in food packaging.
US High Barrier Films Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4916.02 million
Processed food manufacturers and suppliers
Packaging service providers
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Global High Barrier Films Market is segmented based on the material type, end user, application and region. Based on the material type, the Global High Barrier Films Market is segmented into PE, BOPP and BOPET, CPP, EVOH, nylon. Based on the end users, the High Barrier Films Market has been segmented into processed food manufacturers and suppliers, packaging service providers. Based on the application, the High Barrier Films Market has been segmented into meat and fish, dairy, snacks, beverages, dehydrated foods & cereals, bakery products, confectionery, pet food. Based on high barrier films type, the High Barrier Films Market is segmented into Metalized Films, Clear Films, Organic Coating Films, and Inorganic Oxide Coating Films. Based on packaging type, the High Barrier Films Market is segmented into Pouches, Bags, Lids, Shrink Films, Laminated Tubes, and Others. Based on Region High Barrier Films Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
High Barrier Films Market Analysis by Material Type
The polyethylene (PE) segment is dominated the market and account for the largest share of the high barrier film maker in 2021. Also it is fastest growing segment during the forecast period. The significant portion is primarily explained by the growing need to replace glass and metal with polyethylene films, as well as by the rise in the demand for hygienic and long-lasting food packaging materials and consumer environmental concerns.
High Barrier Films Market Analysis by End User
The processed food manufacturers and suppliers segment is dominated the market in terms of end users and accounts for the largest share of the global high barrier film market. The rising demand for processed food items and the rising number of food processing facilities are primarily responsible for this segment’s sizable market share.
Packaging service providers are faster growing segment during the forecast period due to advertising and product development. These sectors growth is attributed to advertising done through designing helps brand boost sales of the product. Packaging with information regarding the product helps customers make decisions these type of benefit are in the mind of manufacture that why the demand for these sectors is increased.
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North America is dominated the high barrier film maker in 2021, and account a largest share of market in coming years. In the US, presence of food and beverage industry boost the demand for high barrier film to pack food products for safety of product. Also, the availability of many end user industry of high barrier film in North America region accelerate the market growth in the region.
During the forecast period, the Asia Pacific high barrier film market is expected to expand rapidly. Customers' increasing purchasing power in developing countries such as India and China has increased demand for various food, beverage, and retail products, resulting in rapid growth in the high barrier film packaging market. Changes in lifestyle and work culture, particularly in India, have fueled demand for packaged food and beverage products that are simple to use and transport, propelling the Asia Pacific high barrier film packaging market forward.
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High Barrier Films Market Driver
The need for barrier films is being driven by customers’ increasingly hectic lifestyles and their resulting need for simple food packing. The use of preservatives is decreased and the product life is extended thanks to barrier films. Barrier films can serve as a printing substrate, which gives the product a beautiful appearance. The food and beverage sector is moving away from heavy, cumbersome packaging to lightweight, portable packaging. Barrier films assist in meeting this need since they are more flexible than rigid packaging and do not contain glass or cans, which add to the weight of packaging.
High Barrier Films Market Restraint
Barrier coatings are vulnerable to oxidative deterioration at high temperatures. PVDC, which resembles PVC in certain ways, becomes unstable in the presence of heat and UV radiation. Pinholes and cracks in the coating layers are the primary causes of the degradation of barrier films. Another material utilised in the creation of barrier films that provides great protection against odours and gases is nylon. However, nylon has a propensity to quickly absorb moisture and function as a plasticizer, reducing the polymer’s ability to operate as a gas barrier. When exposed to light or very high temperatures, several resins used to create barrier films change their characteristics.
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Global High Barrier Films Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
High Barrier Films Market Top Player's Company Profiles
High Barrier Films Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global High Barrier Films Market analysis, Asia Pacific is expected to capture higher market share during forecast period. The growth of the region is attributed to growing demand for package food. India and China has emerged as a significant contributor to market growth in Asia Pacific. In terms of material type, the PE type material segment dominates the high barrier films market. This segment's leading position can be attributed to its demand for hygienic and long-lasting food packaging materials. In terms of end users, the food processor and suppliers application led the market and is predicted to grow at the fastest rate.
|Market size value in 2021||USD 4916.02 million|
|Market size value in 2030||USD 12057.17 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
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For the Global High Barrier Films Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global High Barrier Films Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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