The global barrier films market size reached US$ 33.1 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 45.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Barrier films refer to films made up of flexible substrates that extend the life of products and reduce the need for preservatives while adding an aesthetic appeal to the product. These films encapsulate organic, flexible, and printed electronics without affecting their flexibility, functionality, printability, or performance. They offer lightweight, robust, and versatile coverage that prevents external elements from entering or exiting a product’s packaging, therefore avoiding degradation caused by oxygen, moisture, and other environmental factors. When compared to conventional films, such as resealable zippers and sliders, they offer faster machining speed, increased heat tolerance, extended shelf life, thereby making this an ideal choice for packaging. In addition to this, these films can also serve as printing substrates.
2. What is the expected growth rate of the global barrier films market during 2023-2028?
3. What are the key factors driving the global barrier films market?
4. What has been the impact of COVID-19 on the global barrier films market?
5. What is the breakup of the global barrier films market based on the material?
6. What is the breakup of the global barrier films market based on the end use?
7. What are the key regions in the global barrier films market?
8. Who are the key players/companies in the global barrier films market?
Barrier films refer to films made up of flexible substrates that extend the life of products and reduce the need for preservatives while adding an aesthetic appeal to the product. These films encapsulate organic, flexible, and printed electronics without affecting their flexibility, functionality, printability, or performance. They offer lightweight, robust, and versatile coverage that prevents external elements from entering or exiting a product’s packaging, therefore avoiding degradation caused by oxygen, moisture, and other environmental factors. When compared to conventional films, such as resealable zippers and sliders, they offer faster machining speed, increased heat tolerance, extended shelf life, thereby making this an ideal choice for packaging. In addition to this, these films can also serve as printing substrates.
Barrier Films Market Trends:
The market is majorly driven by the escalating demand for convenient packaging in a wide range of end-use industries, such as food and beverage (F&B), pharmaceuticals and fast-moving consumer goods (FMCG). This can be attributed to the flourishing logistics services on the global level, majorly due to considerable growth in the e-commerce sector. In addition to this, the augmenting adoption of lightweight, easy to transport, and customer-friendly packaging, along with continual package downsizing, is providing an impetus to the market. Moreover, the expanding number of retail chains across the globe is also acting as a significant growth-inducing factor for the market. Furthermore, the numerous initiatives undertaken for producing renewable and biodegradable cellulose-based barrier films for the purpose of reducing the environmental impact by the market players are expected to create profitable opportunities in the market. Some of the other factors creating a positive outlook for the market include rapid urbanization and industrialization, growing government investments focusing on sustainable development, the adoption of innovative packaging strategies and extensive research and development (R&D) activities conducted by key players.Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global barrier films market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material and end use.Breakup by Type:
- Metalized Barrier Films
- Transparent Barrier Films
- White Barrier Film
Breakup by Material:
- Polyethylene Teraphthalate (PET)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyamides (PA)
- Ethylene Vinyl Alcohol (EVOH)
- Linear Low-Density Polyethylene (LLDPE)
- Others
Breakup by End Use:
- Food and Beverage Packaging
- Pharmaceutical Packaging
- Agriculture
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amcor plc, Berry Global Inc., Cosmo Films Ltd., Dupont Teijin Films, Flair Flexible Packaging Corporation, HPM Global Inc, Jindal Poly Films Ltd., Mondi plc, Sealed Air Corporation and Toppan Inc.Key Questions Answered in This Report
1. What was the size of the global barrier films market in 2022?2. What is the expected growth rate of the global barrier films market during 2023-2028?
3. What are the key factors driving the global barrier films market?
4. What has been the impact of COVID-19 on the global barrier films market?
5. What is the breakup of the global barrier films market based on the material?
6. What is the breakup of the global barrier films market based on the end use?
7. What are the key regions in the global barrier films market?
8. Who are the key players/companies in the global barrier films market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Barrier Films Market
6 Market Breakup by Type
7 Market Breakup by Material
8 Market Breakup by End Use
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Amcor plc
- Berry Global Inc.
- Cosmo Films Ltd.
- Dupont Teijin Films
- Flair Flexible Packaging Corporation
- HPM Global Inc
- Jindal Poly Films Ltd.
- Mondi plc
- Sealed Air Corporation
- Toppan Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 33.1 Billion |
| Forecasted Market Value ( USD | $ 45.4 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
