Product ID: SQSG15A2051
Global High Barrier Films Market Size, Share, Growth Analysis, By Material Type(PE, BOPP), By End User(Processed food manufacturers, suppliers), By Application(Meat, fish), By High barrier films type(Metalized Films, Clear Films), By Packaging type(Pouches, Bags) - Industry Forecast 2024-2031
Report ID:
SQSG15A2051 |
Region:
Global |
Published Date: February, 2024
Pages:
246
|
Tables:
157 |
Figures:
78
Global High Barrier Films Market Insights
Global High Barrier Films Market size was valued at USD 4916.02 million in 2019 and is poised to grow from USD 12057.17 million in 2023 to USD 19345 million by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
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 High Barrier Films Market Report Snapshots
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