Market Study on Expected Growth for Global High Barrier Packaging Films Market

 Infinium Global Research recent report on the High Barrier Packaging Films Market (By Packaging Type (Bags & Pouches, Lids, Stretch & Shrink Wraps, Laminated Tubes, Others); By End User (Food & Beverage, Pharmaceuticals, Agriculture, Chemicals, Others), By Material (Plastic, Metal, Oxides): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2030 provides a comprehensive outline of the factors responsible for the growth of the market. The global high barrier packaging films market was valued at about USD 15 billion in 2022 and is expected to reach over USD 24 billion in 2030, with a CAGR of around 6% during the forecast period 2023-2030.

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The packaging industry has witnessed a revolutionary development in the form of high barrier packaging films. These films are made from various materials including polyethylene, polypropylene, polyethylene terephthalate (PET), and polyvinyl chloride. They offer superior barrier properties against moisture, gas, and temperature compared to conventional packaging materials. The market for high-barrier packaging films is being driven by the increasing demand for packaged food and beverages, which has been fueled by the growing popularity of convenience food and ready-to-eat meals. These films are highly effective in preserving the quality, freshness, and shelf life of food and beverages, making them an ideal choice for packaging these products. Additionally, there is a rising demand for high-barrier packaging films in the pharmaceutical industry to protect drugs from external factors such as moisture and oxygen. This demand is being driven by the growing demand for pharmaceutical products.

Small is the Fastest-Growing Segment in the Product Type of the High Barrier Packaging Films Market

High barrier packaging films are widely used in the food and beverage industry due to their excellent barrier properties against moisture, gas, and temperature. These films help preserve the quality and freshness of packaged food and beverages and extend their shelf life. Additionally, high barrier packaging films are believed to preserve the attributes of the packaged products such as taste, texture, color, and consistency. The absorption and bioavailability of nutrients in high barrier packaged foods are also expected to be better than the conventional plastic or paper packaging. Therefore, the food and beverage industry is a major user of high barrier packaging films.

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Asia Pacific Region Holds a Significant Share of the High Barrier Packaging Films Market

The Asia Pacific region is projected to dominate the global high barrier packaging films market, with the region expected to hold the largest share. The industry is poised to offer significant growth prospects due to the region's larger consumer base. In addition, the easy availability of raw materials in the region is expected to support the market's growth. The expanding food and pharmaceutical industries, along with increasing government budgets for the healthcare sector in Asian countries, are expected to drive market growth across the region. As a result, the Asia Pacific region is expected to remain a key market for high barrier packaging films in the years ahead.

Major Players Operating in the High Barrier Packaging Films Market are Focusing on the Development of Advanced Technology

In January 2021, Innovia Films has expanded its Propafilm Strata range of transparent, high barrier, mono-structure, packaging films with SLF, a chlorine-free, high-speed film that delivers barrier to moisture, aroma, oxygen, and mineral oils. In addition, In November 2021, Cosmo Films, has launched enhanced barrier metalized BOPP Film specially designed for packaging applications with very high moisture and good oxygen. Cosmo Films is a global leader in specialty films for labeling, lamination applications, flexible packaging, synthetic paper, barrier properties, and high metal bond.

The report provides profiles of the companies in the global high barrier packaging films market such as Amcor plc, Berry Global Inc., Sealed Air Corp, Mondi Plc, Glenroy, Inc., Ampac Packaging LLC, Toray Plastics (America) Inc., Constantia Flexibles Group GmbH, Huhtamaki Oyj, Cosmo Films Limited and Others. Infinium Global Research's recent report on the High Barrier Packaging Films Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments on the global market.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of high barrier packaging films.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.