Barrier Films Market worth USD 46.6 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Barrier Films Market by Packaging Product (Bags, Pouches, Tray Lidding Film, Blister Base Films, Wrapping Films and Forming Webs), by Material (Polyethylene (HDPE, LDPE, and LLDPE), Biaxially Oriented Polyethylene Terephthalate, Polypropylene (CPP and BOPP), Polyvinyl Chloride, Others (EVOH, Polystyrene, and Nylon)), by End-Use (Food, Beverages, Pharmaceutical and Medical, Personal Care and Home Care, Other End-user Industries (Construction, Pet Food, and Other Non-food Industries)), by Region – Global Share and Forecast to 2027". The global barrier films market size is expected to grow from USD 32.0 billion in 2020 to USD 46.6 billion by 2027, at a CAGR of 6.5% during the forecast period. The changing consumer preference has been a significant factor driving the growth of the barrier film market. The emergence of recyclable and sustainable alternative materials based on polymers in the packaging industry, in line with the existing demand for eco-friendly packaging, has majorly benefited the retail and food industries. Bio-degradable materials have benefited from consumer preference for sustainable materials; however, the recent advancements have led to the possibility of recycling plastic, which is expected to strengthen the hold of the content in the barrier film market.

Global Barrier Films Market Segmentation

The overall barrier films market has been segmented into packaging product, material, end-use, and region.

By Packaging Product Outlook (Revenue, USD Million, 2017-2027)

• Bags
• Pouches
• Tray Lidding Film s
• Blister Base Films
• Wrapping Films and Forming Webs

By Material Outlook (Revenue, USD Million, 2017-2027)

• Polyethylene
  • HDPE
  • LDPE
  • LLDPE
• Biaxially Oriented Polyethylene Terephthalate
• Polypropylene
  • CPP
  • BOPP
• Polyvinyl Chloride
• Others
  • EVOH
  • Polystyrene
  • Nylon

By End-Use Outlook (Revenue, USD Million, 2017-2027)

• Food
• Beverages
• Pharmaceutical and Medical
• Personal Care and Home Care
• Other End-user Industries
  • Construction
  • Pet Food
  • Other Non-food Industries

By Region Outlook (Revenue, USD Million, 2017-2027)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

By packaging products, the pouches segment is estimated to hold the largest market share during the forecast period

By packaging products, the global barrier films market has been segmented into Bags, Pouches, Tray Lidding Films, Blister Base Films, Wrapping Films, and Forming Webs. The pouches segment generated the highest revenue of 34.6% of the global barrier films market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Pouches are most widely used in the food and beverage industry, including pet food, baby food, and liquid packaging (tea, coffee, and juices). Stand-up pouches are also considered as a part of this study.

Consumers expectations from fresh food that stores all the natural properties and aroma are the key drivers for using barrier films in the food industry. For instance, a coffee product that retains 100% of its flavor and aroma by the time it reaches the retail market is preferred over generic processed products. This may require excellent barrier properties for oxygen permeation to prevent spoilage. Besides, barrier films for these products also protect the aroma from withstanding outside odors throughout distribution.

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The Asia Pacific accounts for the largest market share in barrier films market 2020

Based on the regions, the global barrier films market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share of 32.1% in the global barrier films market and was anticipated to maintain its dominance throughout the forecast period. China’s National Health Commission forecasts the total size of China’s healthcare industry to reach YEN 16 trillion (USD 2.39 trillion) by 2030. Asia-Pacific has one of the most abundant foods and beverage industries, owing to the size of the population in these countries.

The increasing concerns regarding food wastage due to the expiry of the products have enabled the companies in the region to opt for innovative solutions. Additionally, the government regulations regarding food wastage have also contributed to the adoption of sustainable packaging solutions, which, in turn, are estimated to boost the market for barrier films. For instance, the Japanese government has been introducing innovative measures to tackle packaged food wastage. In May 2019, the Japanese government introduced the Food Loss Reduction Promotion Act, which aimed to halve food loss by 2030, compared to 2000.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the barrier films market. It also consists of the profiles of leading companies such as Toppan Printing Co., Ltd., Jindal Poly Films Ltd., Dupont Teijin Films, Cosmo Films Ltd., Berry Global Inc., Amcor Plc (AustraliaSealed Air, Raven Industries, Uflex Ltd., and Sumitomo Chemical Co., Ltd.

Browse complete report: https://www.marketstatsville.com/barrier-films-market

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