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Barrier Films Market Trends, Growth Rate and Forecast 2024-2032

2024-09-20 07:36:20
Report

IMARC Group’s report titled “Barrier Films Market Report by Type (Metalized Barrier Films, Transparent Barrier Films, White Barrier Film), Material (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyamides (PA), Ethylene Vinyl Alcohol (EVOH), Linear Low-Density Polyethylene (LLDPE), and Others), End Use (Food and Beverage Packaging, Pharmaceutical Packaging, Agriculture, and Others), and Region 2024-2032″.  The global barrier films market size reached US$ 35.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.19% during 2024-2032.

Grab a sample PDF of this report :  https://www.imarcgroup.com/barrier-films-market/requestsample

Factors Affecting the Growth of the Barrier Films Industry:

  • Increasing Demand in Food Packaging Industry :

The escalating demand for effective and sustainable food packaging solutions represents one of the primary factors influencing the market positively. Barrier films aid in extending the shelf life of perishable food items, reducing food waste, and maintaining product freshness. Additionally, the rising shift towards convenient and ready-to-eat (RTE) foods is driving the need for packaging materials that can protect against oxygen, moisture, and other external contaminants. Furthermore, the growing global trend towards sustainable packaging solutions is catalyzing the demand for eco-friendly barrier films.

  • Expanding Electronics Industry :

The escalating demand for advanced electronic devices such as smartphones, tablets, and wearable technology is strengthening the growth of the market. These devices require protection against moisture, dust, and other environmental factors that can compromise their performance and durability. Along with this, the rising utilization of barrier films in the packaging of sensitive electronic components, displays, and printed circuit boards is offering a favorable market outlook. The miniaturization of electronics also necessitates thinner and more flexible barrier films, driving innovation in the industry.

  • Pharmaceutical and Healthcare Applications :

The expanding aging population and the rising prevalence of diseases are driving the demand for pharmaceutical products. Barrier films are widely used in the packaging of pharmaceutical products, as they provide protection against moisture, oxygen, and light, which can degrade the efficacy of medicines. Along with this, the growing emphasis on drug safety and compliance with regulatory standards is encouraging pharmaceutical companies to adopt high-performance barrier films for packaging. These films help extend the shelf life of drugs and ensure that they reach consumers in optimal condition.

Leading Companies Operating in the Global Barrier Film Industry:

Barrier Films Market Key Players

 

  • 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.

Barrier Films Market Report Segmentation:

By Type:

  • Metalized Barrier Films
  • Transparent Barrier Films
  • White Barrier Film

Based on the type, the market has been classified into metalized barrier films, transparent barrier films, and white barrier films.

By Material:

Barrier Films Market Segments by Material

  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyamides (PA)
  • Ethylene Vinyl Alcohol (EVOH)
  • Linear Low-Density Polyethylene (LLDPE)
  • Others

Polyethylene (PE) holds the largest share in the market as it is widely used in the packaging of perishable goods due to its excellent moisture barrier properties.

By End Use:

  • Food and Beverage Packaging
  • Pharmaceutical Packaging
  • Agriculture
  • Others

 Food and beverage packaging accounted for the largest market share as barrier films offer excellent resistance against moisture, oxygen, and light.

Regional Insights:

  • 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

North America’s dominance in the barrier films market is attributed to the expanding population and the increasing sales of consumer electronics in the region.

Global Barrier Films Market Trends:

The rising shift towards sustainability in packaging across various industries is creating a positive outlook for the market. In addition, governing authorities and regulatory bodies are imposing stricter guidelines on packaging materials, which is promoting the adoption of sustainable packaging solutions like barrier films. They are also implementing regulations to reduce single-use plastics, which is driving the market. Along with this, several manufacturers are investing in research and development (R&D) activities to create barrier films that provide excellent protection and align with sustainability goals.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

Barrier Films Market Trends, Growth Rate and Forecast 2024-2032

805.7k
2024-09-20 07:36:20

IMARC Group’s report titled “Barrier Films Market Report by Type (Metalized Barrier Films, Transparent Barrier Films, White Barrier Film), Material (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyamides (PA), Ethylene Vinyl Alcohol (EVOH), Linear Low-Density Polyethylene (LLDPE), and Others), End Use (Food and Beverage Packaging, Pharmaceutical Packaging, Agriculture, and Others), and Region 2024-2032″.  The global barrier films market size reached US$ 35.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.19% during 2024-2032.

Grab a sample PDF of this report :  https://www.imarcgroup.com/barrier-films-market/requestsample

Factors Affecting the Growth of the Barrier Films Industry:

  • Increasing Demand in Food Packaging Industry :

The escalating demand for effective and sustainable food packaging solutions represents one of the primary factors influencing the market positively. Barrier films aid in extending the shelf life of perishable food items, reducing food waste, and maintaining product freshness. Additionally, the rising shift towards convenient and ready-to-eat (RTE) foods is driving the need for packaging materials that can protect against oxygen, moisture, and other external contaminants. Furthermore, the growing global trend towards sustainable packaging solutions is catalyzing the demand for eco-friendly barrier films.

  • Expanding Electronics Industry :

The escalating demand for advanced electronic devices such as smartphones, tablets, and wearable technology is strengthening the growth of the market. These devices require protection against moisture, dust, and other environmental factors that can compromise their performance and durability. Along with this, the rising utilization of barrier films in the packaging of sensitive electronic components, displays, and printed circuit boards is offering a favorable market outlook. The miniaturization of electronics also necessitates thinner and more flexible barrier films, driving innovation in the industry.

  • Pharmaceutical and Healthcare Applications :

The expanding aging population and the rising prevalence of diseases are driving the demand for pharmaceutical products. Barrier films are widely used in the packaging of pharmaceutical products, as they provide protection against moisture, oxygen, and light, which can degrade the efficacy of medicines. Along with this, the growing emphasis on drug safety and compliance with regulatory standards is encouraging pharmaceutical companies to adopt high-performance barrier films for packaging. These films help extend the shelf life of drugs and ensure that they reach consumers in optimal condition.

Leading Companies Operating in the Global Barrier Film Industry:

Barrier Films Market Key Players

 

  • 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.

Barrier Films Market Report Segmentation:

By Type:

  • Metalized Barrier Films
  • Transparent Barrier Films
  • White Barrier Film

Based on the type, the market has been classified into metalized barrier films, transparent barrier films, and white barrier films.

By Material:

Barrier Films Market Segments by Material

  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyamides (PA)
  • Ethylene Vinyl Alcohol (EVOH)
  • Linear Low-Density Polyethylene (LLDPE)
  • Others

Polyethylene (PE) holds the largest share in the market as it is widely used in the packaging of perishable goods due to its excellent moisture barrier properties.

By End Use:

  • Food and Beverage Packaging
  • Pharmaceutical Packaging
  • Agriculture
  • Others

 Food and beverage packaging accounted for the largest market share as barrier films offer excellent resistance against moisture, oxygen, and light.

Regional Insights:

  • 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

North America’s dominance in the barrier films market is attributed to the expanding population and the increasing sales of consumer electronics in the region.

Global Barrier Films Market Trends:

The rising shift towards sustainability in packaging across various industries is creating a positive outlook for the market. In addition, governing authorities and regulatory bodies are imposing stricter guidelines on packaging materials, which is promoting the adoption of sustainable packaging solutions like barrier films. They are also implementing regulations to reduce single-use plastics, which is driving the market. Along with this, several manufacturers are investing in research and development (R&D) activities to create barrier films that provide excellent protection and align with sustainability goals.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

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