The latest report on High Barrier Packaging Films Market by Infinium Global Research gives complete coverage of the High Barrier Packaging Films Market by technology(ORMOCER, sustainable barrier coatings), materials (BOPP & CPP, BOPET, BOPA, polyvinyl chloride, metalized films), products (bags and pouches, tray lidding film, forming webs, wrapping film), applications(fresh food, retort convenience food, snack foods) in terms of key trends, market size, forecast and CAGR growth over the period of 2017 to 2023. In addition, the study covers deep dive into key product and applications trends in the regional markets of High Barrier Packaging Films such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. According to the report the global high barrier packaging films market is projected to reach USD 13.79 billion by 2023, growing with a CAGR between 4.6 % to 5.4 % from 2017 to 2023.
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Market Insights
The report identified that the global high barrier packaging films market is driven by factors such as, growing demand for fresh meat packaging, growing demand for ready-to-eat meals and easy-to-handle and convenient packaging. The rising demand for convenience and packaged foods, especially in developing countries, is one of the primary factors driving the growth of this market globally. On the other hand, the restraining factors identified in the study include high cost of development and complexity in development procedure.
The increasing adoption of high barrier ethylene vinyl alcohol (EVOH) films and the rise in standard of living of working individuals across the globeare likely to stimulate market growth and provide opportunity for major players in the emerging and developing economies. Constant innovation and un-regularized markets in most countries are some of the challenges for the major players to expand further during the forecast period.
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Segments Covered:
Global high barrier packaging films market is segmented based on technology, materials, products and applications. Technologies covered in this report are polymer nanocomposites, multi-layer film, ORMOCER, sustainable barrier coatings, melamine-based barrier coatings, besela barrier film and others. Based on materials, the report covers biaxially oriented polypropylene (BOPP) and cast polypropylene (CPP), biaxially oriented polyethylene terephthalate (BOPET), biaxially oriented polyamide (BOPA), low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), metalized films, transparent high barrier films, ethylene vinyl alcohol (EVOH), polyacrylonitrile (PAN), polychlorotrifluoroethylene (PCTFE), cyclic olefin copolymer (COC), high barrier coatings, organic liquid coatings, polyvinyidene chloride (PVdC), polyvinyl alcohol (PVOH), inorganic vapour deposition high barrier coatings, silicon oxide (SiOx), and aluminium oxide (AlOx). Based on Products, the report covers bags and pouches, stand-up pouches, tray lidding film, forming webs, wrapping film and blister pack base webs and based on applications the report covers fresh food, retort convenience food, dried food, processed chilled food, snack foods and confectionery, cheese, baked goods, drinks, pharmaceutical and medical, personal care and cosmetics.
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Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023.
Europe is the key consumer of high barrier packaging films in the global market both in demand and production. As of 2015, this region accounted for about 29.4% share in the global market. North America emerged as the second largest shareholder of the global market followed by Asia-Pacific. Markets in Europe and Asia Pacific are highly regulated and are likely to create a substantial demand for high barrier packaging films. Furthermore North America is expected to grow at the highest CAGR of 5.4% over the forecast period.
Companies Profiled:
The companies covered in the report include Amcor Ltd., Bemis Company, Inc., American Pouch, Sealed Air, BERNHARDT Packaging and Process, ClearBags, Flair Flexible, Packaging, HPM Global, Krehalon UK, Oliver-Tolas Healthcare Packaging, Prairie State Group, Shako Flexipack and The Vacuum Pouch Co.
Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of high barrier packaging films globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of high barrier packaging films.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global high barrier packaging films market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the global high barrier packaging films market to understand the present and future trends in this market and formulate their strategies accordingly.
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