High Barrier Packaging Films Market Set to Reach US$ 33.6 Billion by 2033 with 3.9% CAGR

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In addition to surpassing US$ 18.5 billion in 2023, the market for high barrier packaging films is anticipated to grow at a moderate CAGR of 3.9% from 2023 to 2033. By 2033, the market is anticipated to be worth US$33.6 billion. Due to the rising demand for processed food products, sales o

Sales of polyethylene high-performance films are expected to increase as global demand for meat increases. These films are said to be appropriate for packing meat, poultry, and fish due to their heat resistance, dependability, and superior oxygen barrier.

The demand for various packaging solutions that may offer affordability, insulation from the outside environment, ease of handling, and high levels of protection is also predicted to increase as a result of the presence of pharmaceutical firms. These businesses are predicted to utilize blister base high packaging films primarily because they prevent the exchange of gases in the packaging.

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According to Future Market Insights, organic coating films are expected to lead all other film types from 2023 to 2033 and generate an additional US$3.6 billion in opportunity. In 2023, the market for packaging films is anticipated to be worth US$209.7 billion, and high barrier packaging films are anticipated to account for 9% of that market.

Key Companies:

  • Amcor Plc
  • Sealed Air Corp
  • Glenroy, Inc.
  • Winpak Ltd.
  • Mondi Plc
  • Toray Plastics (America), Inc.
  • Berry Global, Inc.
  • Schur Flexibles GmbH
  • Huhtamaki Oyj
  • Jindal Poly Films Ltd.
  • Uflex Ltd.
  • Cosmo Films Ltd.
  • Bischof & Klein SE & Co. KG
  • Plastissimo Film Co., Ltd.

 

Some key trends in the high barrier packaging films market include:

  1. Sustainable Packaging: Growing environmental awareness has led to an increased demand for eco-friendly and recyclable high barrier packaging films to reduce plastic waste.
  2. Convenience Packaging: The market is witnessing a rise in demand for packaging solutions that offer convenience to consumers, such as resealable and easy-to-open high barrier packaging films.
  3. Extended Shelf Life: High barrier films with advanced technologies like modified atmosphere packaging (MAP) are being used to extend the shelf life of perishable goods, reducing food waste.
  4. E-commerce Packaging: With the growth of e-commerce, there is a surge in demand for protective high barrier films that can withstand the rigors of shipping and protect products during transit.
  5. Smart Packaging: Incorporating features like QR codes, NFC tags, and sensors into high barrier films to provide consumers with real-time information about product freshness and authenticity.

Key Segmentation for High Barrier Packaging Films Market

By Film Type:

  • Metalized Films
  • Clear Films
  • Organic Coating Films
  • Inorganic Oxide Coating Films

By Material Type:

  • Plastic
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Ethylene Vinyl Alcohol (EVOH)
    • Polyethylene Terephthalate (PET)
    • Polyvinylidene Chloride (PVDC)
    • Polyamide (Nylon)
    • Polyethylene Naphthalate (PEN)
    • Others
  • Aluminium
  • Oxides
    • Aluminium Oxide
    • Silicon Oxide
  • Others

By Packaging Type:

  • Pouches
  • Bags
  • Lids
  • Shrink Films
  • Laminated Tubes
  • Others

By End User:

  • Food
    • Meat, Seafood, and Poultry
    • Baby Food
    • Snacks
    • Bakery and Confectionery
    • Pet Food
    • Dairy Food
    • Ready to Eat Meals
    • Other Food
  • Beverages
    • Alcoholic Beverages
    • Non Alcoholic Beverages
  • Pharmaceuticals
  • Electronic Devices
  • Medical Devices
  • Agriculture
  • Chemicals
  • Others

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan Countries
  • Baltic Countries
  • Middle East and Africa
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