Insights on the Barrier Film Global Market to 2020 - Focus on PE, PET, PP, Organic Coatings, Polyamide and Inorganic Oxide Coatings - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Barrier Film Market" report has been added to ResearchAndMarkets.com's offering.

The global high barrier film demand stood at 1.05 Million Tonnes in 2020 and is forecast to reach 2.10 Million Tonnes by 2030, growing at a healthy CAGR of 6.59% until 2030.

High barrier films are flexible films that prevent oxygen water, light and other elements from entering or exiting a product's packaging. The added advantage over conventional films such as resealable zippers & sliders, faster machining speed, increased heat tolerance, extend shelf life, etc are making it a preferred material for packaging application. Packaging demand is highly influenced by economic cycle.

By end use, the market is segmented into Food & Beverage, Pharmaceutical, Agriculture, Others. Consumer spending on food and beverage market provides higher stability over economy cycle and thus compared to non-food application making it a dominating segment in global barrier film end use market. Based on material, the market is segmented into PE, PET, PP, Organic Coatings, Polyamide, Inorganic Oxide Coatings. Due to its excellent moisture barrier properties PE holds the major share in the global barrier film market. Multi-layer film barriers generally are preferred over single layered in the application where special applications are required such as pharmaceutical products where specific environment conditions are must.

Due to the outbreak of COVID-19 in 2020, the world economy was disrupted. The market was affected drastically, and production and manufacturing units were shut down. Furthermore, the major market players intentionally halted the production keeping their employee's health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. The pandemic is slowly being subsided and the effects are tried to be overcome by various methods. Once the market regains the full function of its production unit, the market is bound to show a robust growth in the forecast period. Although, the widespread of Covid-19 pandemic also created a sudden surge in the demand of Film barrier from Pharmaceutical packaging. Also, for non-food & beverage application, the demand of film barrier is expected to rise from cosmetics and pharmaceuticals for the forecasted period that probably would recover the setback and regain the growth rate of the market.

Asia Pacific accounted for the largest share of global barrier film market. Packaging industry has grown rapidly in last decade from emerging nations such as China, India, Indonesia and is further expected to grow at healthy rate on account of growing affluent middle class, more preference for ready to eat foods, smaller packaging unit and booming online shopping market. Enhanced product portfolio from major consumer goods companies in the region is expected to further propel the market for the forecasted period.

Objective of the Study:

• To assess the demand-supply scenario of Film Barrier fabrics which covers production, demand and supply of Film Barrier fabrics market globally.
• To analyze and forecast the market size of Film Barrier fabrics.
• To classify and forecast global Film Barrier fabrics market based on Material, technology, end-use and regional distribution.
• To identify drivers and challenges for global Film Barrier fabrics market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Film Barrier fabrics market.
• To identify and analyze the profile of leading players involved in the manufacturing of Film Barrier fabrics.

Some of the major key players operating in Global film barrier market are Amcor PLC, Berry Global Inc, Mondi Group, Huhtamaki group, Raven Industries, Toppan Printing Co Ltd, Cosmo Films Ltd, Jindal Poly films Ltd, Dupont Teijin Films, UFlex Ltd, Sumitomo Chemical Co Ltd. Sustainable packaging focussing on lowering the environmental impact of packaging have become key goals for brand owners. These trends are encouraging the demand for high-barrier films.

Key Topics Covered:

1. Global Barrier Film Market Outlook, 2015-2030

2. Global Barrier Film Demand Outlook, 2015-2030, By Volume

3. North America Barrier Film Market Outlook, 2015-2030

4. North America Barrier Film Demand Outlook, 2015-2030, By Volume

5. Asia Pacific Barrier Film Market Outlook, 2015-2030

6. Asia Pacific Barrier Film Demand Outlook, 2015-2030, By Volume

7. Europe Barrier Film Market Outlook, 2015-2030

8. Europe Barrier Film Demand Outlook, 2015-2030, By Volume

9. MEA Barrier Film Market Outlook, 2015-2030

10. MEA Barrier Film Demand Outlook, 2015-2030, By Volume

11. South America Barrier Film Market Outlook, 2015-2030

12. South America Barrier Film Demand Outlook, 2015-2030, By Volume

13. By Region

13. News and Deals

For more information about this report visit https://www.researchandmarkets.com/r/vw43vj

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900