Global Transparent Barrier Packaging Film Market 2016-2020
About Transparent Barrier Films
Transparent Barrier 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, and relatively cheaper than other materials, and can be molded into different shapes. The materials generally used in the manufacture of transparent barrier films are polypropylene, polyamide, polyethylene, polyvinyl chloride, ethylene vinyl alcohol, and polyester.
Technavio’s analysts forecast the global transparent barrier packaging film market to grow at a CAGR of 5.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global transparent barrier packaging film market for 2016-2020. To calculate the market size, the report takes into consideration the volume of labels produced by the vendors for the packaging of different goods from the food, healthcare, and consumer goods industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Transparent Barrier Packaging Film Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Transparent Barrier Packaging Film Market: Toppan Printing, Mitsubishi Plastic, Amcor, Bemis, Berry Plastics, 3M, 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: “One trend spurring market growth is the rise in bio-based polymer films. The demand for biodegradable and soluble films is expected to increase at a fast pace during the forecast period. With improvement in technology, new applications of these products are being developed to fulfill the end-user demand for sustainable, specialty, and high-performance films.”
According to the report, one driver that will lead to the growth of this market is the growing popularity of microwave-compatibility of barrier films. The changing lifestyle of the global population has increased the demand for fast food and convenience food products. The demand is increasing further as more people are moving to urban areas, mainly because of better job opportunities. In 2014, around 54% of the global population lived in urban areas. This percentage is expected to increase to 66% by 2050. The number of cities with populations above 10 million has increased by 180% between 1990 and 2014 from 10 to 28.
Further, the report states that a major challenge for this market is the rising awareness pertaining to the harmful effect of plastics. Transparent barrier films are lightweight, durable, moisture- and air-resistant, and cheap. However, they are made of plastic polymers, which are derived from hydrocarbons. The production process of these plastic polymers is energy-intensive and not environmentally friendly. Keeping this in mind, various countries are passing legislations related to sustainable packaging that aim at making companies more accountable for the impact of their products on the environment.
Toppan Printing, Mitsubishi Plastic, Amcor, Bemis, Berry Plastics, 3M, 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.