Transparent Barrier Packaging Films Market in North America 2017-2021
About Transparent Barrier Packaging Films
Transparent barrier packaging films are used for providing transparency to the product and protecting them from dust, gases, moisture, and aroma. Plastic resins such as biaxially oriented polypropylene (BOPP), polyvinyl chloride (PVC), polylactic acid (PLA), and polyethylene (PE) among others are the primary raw materials used for the manufacturing of transparent barrier packaging films. Transparent barrier films are primarily used in industries such as food, healthcare, consumer goods, and other industries that include electronic goods and household products. These films are multi-layered in nature, which provides barrier properties for the product.
Technavio’s analysts forecast the transparent barrier packaging films market in North America to grow at a CAGR of 5.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the transparent barrier packaging films market in North America for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of transparent barrier packaging films to various industries which include food, healthcare, consumer goods, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Transparent Barrier Packaging Films Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the transparent barrier packaging films market in North America: Bemis, Amcor, Berry Plastics, and Toppan Printing.
Other Prominent Vendors in the market are: Ampac, Dai Nippon Printing (DNP), Honeywell International, Innovia Films, Sealed Air, Taghleef Industries, Treofan, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing usage of sustainable packaging. The packaging waste in the US accounted for more than 65 million tons in 2016. With the growing waste from packaging materials in North America, an increasing trend is experienced in the use of biodegradable packaging materials, which can be disposed of in an eco-friendly way.”
According to the report, one of the major drivers for this market is innovations in packaging films industry. The growth of the transparent barrier packaging films market in North America is driven by innovations in the packing films industry. Manufacturers are providing innovative solutions, which are leading the market positively. In 2017, Innovia Films, a global producer of BOPP films, produced RayoForm ICU, crystal clear and high-gloss films. Such continuous innovations in the transparent barrier packaging films market are becoming a major driver for the market growth in North America.
Further, the report states that one of the major factors hindering the growth of this market is increasing price of plastic resins. The packaging industry is the major end-user for the plastic resins manufacturing industry, which comprised more than 40% share in 2016 in North America. Plastic resins are the key materials used in the formation of plastic films packaging. The major types of plastic resins consist of thermoplastics such as PVC, polypropylene (PP), and PE.
Bemis, Amcor, Berry Plastics, and Toppan Printing.Other Prominent Vendors in the market are: Ampac, Dai Nippon Printing (DNP), Honeywell International, Innovia Films, Sealed Air, Taghleef Industries, Treofan, and Winpak.
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