Overview:

The global high barrier packaging films market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The packaging materials which have thickness above 25 µm are referred as high barrier packaging material or films. These films are able to inhibit the entry of air, water, and other elements. Hence, high barrier packaging films are preferred in food and drugs packaging and in manufacturing of other flexible packaging materials such as bags, pouches, and others.

Market Dynamics:

Growing demand for packaged food and beverages and ready to shelf vegetables are key factors driving growth of the global high barrier packaging films market. Also, growing pharmaceutical industries in emerging countries is another major factor resulting in growing demand for high barrier packaging films.

In addition, rising demand for smart flexible packaging solution among industrial sector is among the other factors expected to support growth of the global market. Growing demand for fish and meat products is another key factor supporting market growth. The high barrier packaging film offers very less oxygen permeability and prevents moisture hence are preferred for meat and fish packaging.

Moreover, rising trend of microwave cooking is among the other factors supporting growth of the target market in developed countries across the globe. However, factors such as stringent government regulation related to use of plastic and plastic recycling are expected to hamper growth of the global high barrier packaging films market to a certain extent.

Key Trends:

Rising focus on strategic collaborations among key players to improve the market footprint and develop innovative products is a key trend witnessed in the global high barrier packaging films market. For instance, in August 2019, BOBST – a leading packaging material manufacturing machine supplier based in Switzerland is entered into partnership with Dow, Bruckner Maschinenbau, Hosokawa Alpine and Elba for the development of recyclable high barrier packaging films.

In addition, rising focus on carbon footprint reduction through advanced product launches among key players is another trend observed in the target market. For example, Amcor plc has launched AmLite Ultra Recyclable flexible packaging product in April 2019. According to Amcor plc, this material is able to reduce product related carbon footprint by up to 64%.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is expected to hold significant revenue share in the global high barrier packaging films market, owing to strong market presence of key players in the region. Additionally, rising demand for packaged meat products and high awareness about benefits of high barrier packaging films are other factors supporting high barrier packaging films market growth in countries in the region.

However, the target market in Asia Pacific region is expected to witness highest growth in terms of CAGR over the forecast period. This is owing to growing online food supply channel, increasing pharmaceutical industries, and rising demand for ready to store packaged vegetables in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global High Barrier Packaging Films Market, By Film Type:

• Metalized Films
• Clear Films
• Organic Coating Films
• Inorganic Oxide Coating Films

Global High Barrier Packaging Films Market, By Material Type:

• Plastic
• Aluminum
• Oxides
• Others

Global High Barrier Packaging Films Market, By Packaging Type:

• Pouches and Bags
• Lids
• Shrink Films
• Laminated Tubes
• Others

Global High Barrier Packaging Films Market, By End Use:

• Food and Beverages
• Pharmaceuticals and Medical
• Electronic Devices
• Agriculture
• Others

Key Players Covered:

Key players operating in the global high barrier packaging films market include, Bemis Company Inc., Amcor plc, Sealed Air Corporation, Krehalon B.V., American Pouch Converters, Inc., FLAIR Flexible Packaging Corporation, HPM Global Inc., Janco, Inc. Wipak Walothen Gmbh, and BERNHARDT Packaging & Process.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global High Barrier Packaging Films Market by film type, material type, packaging type, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global high barrier packaging films market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.