Global Barrier Films Market Insight

The Barrier Films is forecast to fast increase over the next few years.According to the WK-chem Research "Global Barrier Films Professional Survey Report 2022, Forecast to 2027", Increasing applications of barrier films in food and beverage product packaging and growing demand for barrier films in the pharmaceutical industry are boosting the demand of the market in the forecast period. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.3%base on WK-chem Research regression analysis model.

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Analysts’ Viewpoint:

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" Due to the high saturation of the Barrier Films market, it is difficult for new manufacturers to enter. Manufacturers are advised to adopt multiple growth strategies to strengthen their position in the market. To enhance its product offering and regional presence through key growth strategies such as expansion, new product development, mergers and acquisitions, and partnerships to meet the growing demand for barrier films in emerging economies." Said Lisa , Senior analyst, Chemical industry Market Research Center in WK-chem Research.

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Market insight:

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Hectic lifestyle of people has led to ever-changing food habits and such a lifestyle generates the need for packaged food, which can be eaten on-the-go, without the hassle of cooking. Besides, improvement in lifestyle and increase in disposable income have boosted the consumption of packaged food. These factors are driving the global barrier films market. The increasingly busy lifestyle of consumers and the consequent demand for convenient food packaging is driving the demand for barrier films. Barrier films help increase the product life and reduce the use of preservatives. Barrier films also act as a printing substrate, which provides aesthetic appeal to the product. The food & beverage industry is shifting from traditional packaging formats to lightweight and easy to transport packaging. Barrier films help cater to this demand as they are lightweight compared to rigid packaging and eliminate the use of glass and cans, which increase the weight of packaging.

At elevated temperatures, barrier films are susceptible to oxidative degradation. PVDC, which has similar properties to that of PVC, is unstable when exposed to UV light and heat. The degradation in barrier films is mainly observed due to the presence of pinholes and cracks in the coating layers. Nylon is also one of the materials used in the production of barrier films having excellent barrier protection against flavors and gases. However, nylon tends to absorb moisture easily and act as a plasticizer, thereby degrading the gas barrier properties of the polymer. Some of the resins used for the production of barrier films change its properties when exposed to light or extreme temperatures. This changes the mechanical and tensile strength of films and, sometimes, leads to scaling of the film.

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Competition Landscape:

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This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Barrier Films companies that include Berry Global Inc., Amcor Plc, Sealed Air, Raven Industries, Toppan Prnting Co., Ltd., Cosmo Films Ltd., Jindal Poly Films Ltd., Dupont Teijin Films, Uflex Ltd., and Sumitomo Chemical Co., Ltd.

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Segmentation of Barrier Films Market:

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On the basis of type, the global Barrier Films market can be segmented into PE, PET, PP, Polyamide, Organic Coatings, Inorganic Oxide Coatings. PE holds the major market share of the overall barrier films market owing to its good moisture barrier properties. The inorganic oxide coatings segment is projected to be the fastest-growing segment during the forecast period as they have excellent moisture barrier properties and are transparent and cost-effective. On the basis of application, the market is bifurcated into Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture. Food & beverage end-use segment holds major market share of the overall barrier films market owing to growing need for product safety and convenience and increasing consumer preference for process & packaged food are driving the demand for barrier films in food & beverage packaging.

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Barrier Films Market: Regional Analysis

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In terms of geography, the Global Barrier Films Market is classified into Asia Pacific, Europe,?North America, the Middle East & Africa, and South America. Asia Pacific is the largest market for barrier films market and is expected to register the highest CAGR, owing to strong demand from end-use industries, such as food & beverage packaging and agriculture, in the region. This dominance is attributed to the high demand from food & beverage, pharmaceutical, and agriculture end-use industries in China, Japan, and India, among others.

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Cagr: 5.3%

Largest share area：Asia Pacific

Largest share country：China

Product Type：PE, PET, PP, Polyamide, Organic Coatings, Inorganic Oxide Coatings

Application：Food & Beverage Packaging, Pharmaceutical Packaging, Agriculture

Leading Company：Berry Global Inc., Amcor Plc, Sealed Air, Raven Industries, Toppan Prnting Co., Ltd.