The global market for high barrier packaging films will expand at a stable CAGR across the assessment period of 2020-2030 on the back of the rising demand from a large number of applications across the food and beverage industry, personal care and cosmetics industry, pharmaceutical and medical industry, and others.
High barrier packaging films are made from materials having a thickness of more than 25 µm. These films are used for protecting varied products from moisture. Thus, the benefits attached to these packaging films will bring intensive growth prospects. A large number of manufacturers are using these packaging types due to their extensive properties, eventually helping in increasing the growth rate.
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High barrier packaging films are available in diverse types such as wrapping film, pouches, bags, forming webs, blister packs, stand-up pouches, and others. On the basis of technology, the high barrier packaging films market can be segmented into ORMOCER, sustainable barrier coatings, multi-layer film, polymer nanocomposites, melamine-based barrier coatings, and others.
Properties of High Barrier Packaging Films Bode Well for the Growth
High barrier packaging films have varied properties that are ideal for increasing their growth rate. These packaging films are solvent-free and don’t react with packaged foods. The barriers are made with the help of specialized materials that also helps in retaining the properties of food such as taste, texture, flavor, and aroma.
Developed Economies to Gain Good Growth Opportunities
The high barrier packaging films market in North America and Europe is expected to gain a positive growth trajectory across the assessment period of 2020-2030. The growing use of high barrier packaging films in various products across these regions will serve as a prominent growth-generating factor.
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Some key players in the high barrier packaging films market are The Mondi Group PLC., Sealed Air Corporation, Shrinath Rotopack Pvt. Ltd, and Uflex Ltd.