The latest market report published by Credence Research, Inc. “Global High Barrier Packaging Films Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global High Barrier Packaging Films Market generated revenue of around USD 10,472.43 million in 2021 and is anticipated to grow a CAGR of over 5.75% during the forecast period from 2022 to 2028 to reach around USD 15,741.76 million in 2028. While, cumulative growth opportunity presented by the global High Barrier Packaging Films is around USD 94.88 billion during 2022 to 2028.
Global High Barrier Packaging Films Market, 2021 – 2028 (USD Million)
High Barrier Packaging Films are basically laminating sheet made up of different polymers which are used in flexible packaging industry. High Barrier Packaging Films are used to prevent food products from water, oil, gas, vapor, oxygen, light, etc. It also helps in retaining properties of food products intact. High Barrier Packaging Films can be produced from different materials according to requirement from various applications.
Sustainable Coatings for High-Barrier Packaging Film to Held the Largest Share
Polymer nanocomposites, Multilayer packaging film recycling, ORMOCERS, Sustainable coatings for high-barrier packaging film, Melamine based high-barrier film, Besela high-barrier film and Others are some of the important technologies of High Barrier Packaging Films production processes used across different region. However, sustainable coatings for high-barrier packaging film is growing in demand owing to wide acceptance from end-users. It held over 25% share in 2021. While, ORMOCERS and Melamine based high-barrier film are likely to grow at a sluggish growth rate over the forecast period as compare to Polymer nanocomposites. Polymer nanocomposites will be the fastest growing segment during the analysis period.
Food and Beverage Packaging Dominate the Demand
Food and beverage, Pharmaceutical and medical, Personal care and cosmetics and Others are major applications of the global High Barrier Packaging Films industry. Food and beverage is most important segment of the global High Barrier Packaging Films market and held over 70% share in 2021. While, Personal care and cosmetics segment is likely to increase in demand in the years to come.
Polyethylene’s to Hold Largest Share
LLDPE, LDPE, HDPE, BOPP, BOPET, CPP, PVC, PES, PA and EVOH are some of the major end-users of High Barrier Packaging Films. LLDPE, LDPE and HDPE segments are leading the demand for High Barrier Packaging Films followed by Biaxially Oriented Polypropylene and Poly Vinyl Chloride segment. LLDPE, LDPE and HDPE segments held over 60% share in 2021. Strong barrier properties exhibited by polyethylene and they are also cheapest material available and hence growing in adoption from flexible packaging industry.
Bags & pouches to Hold Largest Share
Bags & pouches, Stand-up pouches, Tray lidding film, forming webs, Wrapping film and Blister pack base webs are major product types of High Barrier Packaging Films. Bags & pouches held over 50% share in total revenue generated by the global High Barrier Packaging Films market in 2021. While, Stand-up pouches will grow at a rapid pace during the forecast period.
U.S. is Leading High Barrier Packaging Films Demand
U.S. is leading the High Barrier Packaging Films industry with revenue generation of over USD 2,150 million in 2021. Huge demand for convenience and packaged food in the region is major factor fueling the demand for High Barrier Packaging Films in the country. Europe is second leading market for High Barrier Packaging Films with huge demand from UK, France and Germany. While, backed by the strong demand from China, Japan and South Korea Asia Pacific dominate the demand for High Barrier Packaging Films market.
Major players operating in the global High Barrier Packaging Films market include Amcor Limited, Bemis Company, Inc., Taghleef Industries, Jindal Poly Films, American Pouch, Sealed Air, Ampac Oliver-Tolas, Krehalon and HPM Global, Inc. Global High Barrier Packaging Films market is characterized by the presence of large number of manufacturers across the world.
Global High Barrier Packaging Films Market by Product, 2016 – 2028
- Bags & pouches
- Stand-up pouches
- Tray lidding film
- Forming webs
- Wrapping film
- Blister pack base webs
Global High Barrier Packaging Films Market by Technology, 2016 – 2028
- Polymer nanocomposites
- Multilayer packaging film recycling
- Sustainable coatings for high-barrier packaging film
- Melamine based high-barrier film
- Besela high-barrier film
Global High Barrier Packaging Films Market by Material, 2016 – 2028
- LLDPE – Linear low-density polyethylene
- LDPE – Low Density Polyethylene
- HDPE – High Density Polyethylene
- BOPP – Biaxially Oriented Polypropylene
- BOPET – Biaxially-oriented polyethylene terephthalate
- CPP – Cast Poly Propylene
- PVC – Poly Vinyl Chloride
- PES – Polyester
- PA – Polyamide
- EVOH – Poly(Ethylene Vinyl Alcohol)
Global High Barrier Packaging Films Market by Application, 2016 – 2028
- Food and beverage
- Pharmaceutical and medical
- Personal care and cosmetics
Global High Barrier Packaging Films Market by Company, 2016 – 2028
- Amcor Limited
- Bemis Company, Inc.
- Taghleef Industries
- Jindal Poly Films
- American Pouch
- Sealed Air
- Ampac Oliver-Tolas
- HPM Global, Inc.