Global Transparent Barrier Packaging Films (TBPF) Market in Consumer Goods Industry 2017-2021
About Transparent Barrier Packaging Films
Transparent barrier film is a packaging film made up of different types of polymers, based on the application. The global food industry is the major contributor to the growth of the global transparent barrier packaging films market, with a share of 57.36%. In the food industry, transparent barrier films are used to provide both moisture and vapor-resistance packaging for food products. The high barrier property of transparent film provides extended shelf-life for food.
Technavio’s analysts forecast the global transparent barrier packaging films in consumer goods industry to grow at a CAGR of 6.34% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global transparent barrier packaging films in consumer goods industry for 2017-2021. To calculate the market size, the report considers the revenue generated by the players of the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Transparent Barrier Packaging Films in Consumer Goods Industry 2017-2021
Technavio recognizes the following companies as the key players in the global transparent barrier packaging films in consumer goods industry: Amcor, Bemis, Berry Global, Mitsubishi Plastic, and Toppan Printing.
Other Prominent Vendors in the market are: Ampac Holdings, Celplast Metallized Products, Charter NEX, Daibochi Plastic and Packaging Industry, Innovia Films, and Mondi.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovation in transparent barrier films. The growing environmental concern is bringing a lot of innovation in transparent barrier films market for the last few years. Many manufacturers are adding additive agents in polymers to get more moisture and vapor resistance. By doing so, they can replace the requirement of aluminum foil to some extent, which can bring some percentage of sustainability in their business divisions.”
According to the report, one driver in the market is dominance of PVDC polymers in the transparent barrier films market. Polymers are the major raw materials used for the production of transparent films. There are many types of polymers in the market, which are used to produce different types of films, depending upon the packaging applications. In the food industry, the polymers that have high water vapor and oxygen barrier, aroma retention, high flame resistance, and good printability and adhesion, are preferred. PVDC, EVOH, and PVA are the frequently used polymers for food packaging; PVDC has been dominating the food industry application for last decade.
Further, the report states that one challenge in the market is competitive pressure from substitutes. Transparent barrier films are facing a lot of competition from non-transparent barriers films, such as aluminum foil, aluminum vapor deposition films, and others. Aluminum is a metal that can offer high barrier properties for both oxygen and moisture. It is one of the oldest barrier materials and has zero percentage of moisture and oxygen transmittance. Because of its strong properties, it cannot be replaced in certain moisture and oxygen sensitive packaging like dairy products packaging and others.
Amcor, Bemis, Berry Global, Mitsubishi Plastic, Toppan Printing, Ampac Holdings, Celplast Metallized Products, Charter NEX, Daibochi Plastic and Packaging Industry, Innovia Films, and Mondi.