About the High Barrier Packaging Film Market
High barrier packaging films are used for different packaging applications in the food, healthcare, consumer goods, and other industries. These films are usually made of plastic as it is lightweight, non-corrosive, relatively cheaper than other materials, and can be molded into different shapes. The materials generally used in the manufacture of packaging films are polypropylene, polyamide, polyethylene, polyvinyl chloride, ethylene vinyl alcohol, and polyester. Their inert nature and ability to preserve products for a long period make them a popular choice in the food industry. High barrier materials in packaging laminations help prevent the permeation of water, oil, oxygen, aroma, flavor, and light for the better preservation of food products.
Technavio’s analysts forecast the global high barrier packaging film market to grow at a CAGR of 5.35% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global high barrier packaging film market for 2016-2020. To calculate the market size, Technavio analysts consider the total revenue generated by vendors through the sales of high barrier packaging films to industries such as food, healthcare, and consumer goods.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global High Barrier Packaging Film Market 2016-2020
Technavio recognizes the following companies as the key players in the global high barrier packaging film market: Amcor, Bemis, Berry Plastics, DuPont, Sealed Air, and Sigma Plastics.
Other Prominent Vendors in the market are: 3M, ALPLA-Werke, AMPAC, Celplast Metallized Products, Charter Nex Films, Daibochi Plastic, Innovia Films, LINPAC Group, Mondi, Prairie State Group, Printpack, RPC Group, Schur Flexibles Group, Taghleef Industries, Toray Plastics (America), and Wipak.
Commenting on the report, an analyst from Technavio’s team said: “A trend contributing to market growth is the growing use of bio-based polymer films. Biodegradable and soluble films are expected to experience a rapid rise in the demand during the forecast period. As a result of an improvement in technologies, new applications are developed to fulfill the end-user demand for sustainable specialty and high-performance films. A rise in the demand for compostable packaging and bags for organic waste is driving the demand for biodegradable films. This trend will also benefit from environmental concerns and the increased marketability of bio-based polymers.”
According to the report, a key growth driver is the need for extended shelf life of many products. Packaging is crucial in the food industry to safeguard the food products and maintain the quality. The high barrier packaging films help in extending shelf life and preserving the high quality of food stored in them. An increase in the demand for fresh and prepared food products will propel the need for high barrier packaging films, globally. Consumers are demanding those food products that are processed as little as possible and artificial additives and preservatives are not used for preserving the food quality. This has led to food manufacturers demanding new shelf life-enhancing methods and packaging. High barrier packaging films have unique properties like chemical properties, heat resistance, gas and aroma barrier, high tensile strength, puncture resistance, durability, special surface properties, and lighter packaging.
Further, the report states that one challenge that could restrict market growth is environmental concerns with regard to plastic materials.
Amcor, Bemis, Berry Plastics, DuPont, Sealed Air, Sigma Plastics, 3M, ALPLA-Werke, AMPAC, Celplast Metallized Products, Charter Nex Films, Daibochi Plastic, Innovia Films, LINPAC Group, Mondi, Prairie State Group, Printpack, RPC Group, Schur Flexibles Group, Taghleef Industries, Toray Plastics (America), Wipak.
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